ITAT Hyderabad held that matter of TP adjustment of purchase of raw materials, assembling parts and sale of goods, and interest on trade receivables is remanded back since there are clear mistakes in computation of margins of comparables.
NCLT Mumbai held that resolution plan for Latakisan Construction P. Ltd. as submitted by Successful Resolution Applicant stands approved as approved by 100% Committee of Creditors. Accordingly, resolution plan is allowed.
This article explains how the new Section 74A consolidates GST penalty proceedings and standardises timelines for both fraud and non-fraud cases.
This article explains how misclassifying making charges as goods leads to GST short payment and highlights the correct legal treatment under GST.
This article clarifies the legal distinction between system-generated mismatch intimations and officer-led best judgment assessments, explaining when each form can lawfully be issued.
This article examines whether approving resolution plans below liquidation value aligns with economic logic under insolvency law and highlights the long-term legal risks such approvals may trigger.
The new labour codes unify wages, industrial relations, social security, and workplace safety laws, making compliance simpler and protections broader for all workers.
Interim dividend can be declared solely by the Board of Directors under the Companies Act. Shareholder consent is not required if statutory conditions are met.
The industry struggles with extraction cost inflation, compliance pressures, and outdated technology. Strategic modernization and green practices are essential for sustainability and growth.
Rapid expansion led to overleveraging and rising defaults, forcing regulators to shift focus from growth to stability. The key takeaway is that unchecked lending can undermine both financial health and inclusion.
