The Codes reduce filings, decriminalise offences, and digitise processes. However, expanded social security obligations increase compliance costs for many sectors.
The article argues that unilateral tariffs and coercive trade measures undermine trust and destabilise alliances. It warns that transactional diplomacy weakens the global order.
High Court quashed the adjustment made in the intimation under Section 143(1) disallowing deduction under Section 10B and declared the rectification order to be null and void as allowability of deduction under Section 10B was examined during regular assessment proceedings and accepted
Punjab and Haryana High Court held that bail application in the matter of fake GST input tax credit is allowed since investigation in the case is already completed and petitioner has been suffering from serious ailment. Accordingly, bail granted on medical ground.
The Tribunal accepted the anti-profiteering report after the respondent agreed to pay ₹67.02 crore to eligible homebuyers. The ruling directs payment within three months along with applicable interest, closing the dispute through an undertaking.
The Tribunal held that allegations of profiteering were not substantiated after detailed verification of records and returns. It concluded that GST liabilities were duly discharged and the complaint was liable to be dropped.
The consultation paper suggests consolidating trading norms across stock and commodity derivatives exchanges to simplify regulations and reduce compliance burdens.
A long-absconding accused in a ₹58 lakh customs duty drawback fraud was finally arrested. The case highlights sustained investigation and identity-tracing efforts by the agency.
The High Court held that a bank cannot unilaterally reduce the interest rate agreed in a fixed deposit during its tenure. Depositors cannot be penalised for internal errors of the bank.
The Tribunal ruled that professional consultancy services rendered by a UAE resident are protected under Article 14 of the India–UAE DTAA. In absence of a fixed base or sufficient stay in India, exclusive taxing rights rest with the UAE.
