Learn how Resident but Not Ordinarily Resident (RNOR) status provides a tax-efficient window for returning NRIs to plan foreign income and repatriation before full residential taxation applies.
This explains why power, oil, gas, and coal companies fall under mandatory cost audit regulations. The key takeaway is that meeting turnover thresholds triggers strict compliance obligations.
This piece examines how utility models can offer MSMEs a faster and cheaper alternative to patents for protecting incremental innovations. It highlights why such a system could boost competitiveness while stressing the need for safeguards against misuse.
Explains how online platforms are regulated under the IT Act, 2000, focusing on safe harbour protection, duties, and limits on intermediary liability.
This case highlights how delays before insolvency tribunals erode value and derail time-bound resolution. The key takeaway is that speed in adjudication is essential to achieving IBC’s objectives.
Explains how director funding, though permitted under company law, can create adverse tax consequences if inconsistently classified or documented.
Gujarat High Court held that the small retail pouches of tobacco leaves sold by petitioner is covered under the category of chewing tobacco and hence classifiable under Tariff Heading No. 2403 9910.
Explains how Indian tribunals have addressed cross-border insolvency issues despite limited statutory provisions, emphasizing judicial cooperation and practical solutions.
Karnataka High Court held that flavoured milk should be classified under Tariff Heading 0402 of the Customs Tariff Act and hence be subjected to GST @5% [i.e. CGST 2.5% and SGST 2.5%]. Accordingly, the present writ is allowed.
The Court sustained rejection of disbursal despite earlier sanction, holding that incentives could not exceed prescribed caps. The ruling underscores that sanction alone does not guarantee payment if policy limits bar it.
