The Court held that assessment orders under Section 62 stand deemed withdrawn where returns and dues are filed within extended timelines. Delays were condoned, subject to payment of interest and late fees.
The High Court quashed denial of ITC for FY 2019–20 made under Section 16(4). Authorities were directed to reconsider the claim in light of Section 16(5) after granting a hearing.
The ITAT held that once a resolution plan is approved under the IBC, income-tax proceedings cannot continue. Revenue appeals challenging deletion of additions were dismissed.
The court held that paying CGST/SGST instead of IGST does not amount to tax evasion. Authorities cannot raise fresh demands when tax is already deposited.
The Court held that Section 74 SCNs lacking factual narration of fraud or suppression are deficient. The key takeaway is that numbers alone cannot justify penal proceedings.
Related Party Transactions (Section 188 of the Companies Act, 2013 Summary: Related Party Transactions (RPTs) in India are primarily governed by Section 188 of the Companies Act, 2013 and Regulation 23 of the SEBI (LODR) Regulations, 2015, with updated compliance norms applicable till 2025. A related party broadly includes directors, key managerial personnel, their relatives, group […]
The POSH Act, 2013 is an Indian law made to protect women from sexual harassment at the workplace. It ensures that every office, company, or organization provides a safe and respectful working environment. Under this law, employers must create a system where complaints can be raised and properly handled. To check whether companies are following […]
Citizenship is no longer just about nationality but global mobility and flexibility. This explains why entrepreneurs are choosing practical second-passport options.
This article outlines major direct and indirect tax expectations from Budget 2026–27. The key takeaway is a push toward simpler compliance and higher taxpayer confidence.
This analysis compares director loans and equity infusion for private companies. It highlights differences in tax efficiency, compliance burden, cost, and impact on ownership.
