Explains how Draft Form 26 fundamentally reshapes tax audit reporting by expanding it beyond book-to-tax reconciliation. The key takeaway is that tax audits will now function as a full-spectrum compliance and risk-validation tool.
The order holds that delayed dematerialisation of securities violates Section 29(1A) and Rule 9A. The company and directors were penalised under the residuary provision for prolonged non-compliance.
Failure to file INC-20A within 180 days resulted in penalties on both the company and its directors. The order highlights strict enforcement of commencement of business provisions.
The authority held directors personally liable for a prolonged default in commencement compliance. The case highlights that continuing defaults can result in maximum statutory penalties.
The order holds that an additional director cannot continue beyond the statutory cut-off date without shareholder approval. Allowing delayed regularisation attracted penalties under Section 172.
Explains why due diligence is meant to identify and manage risks early, helping transactions proceed on informed and confident terms.
Examines how rapid economic and infrastructure growth often outpaces education quality, accountability, and social well-being, raising questions about humane development.
Explains how control and statutory liability rest with the Data Fiduciary, while Data Processors operate under contractual instructions with indirect exposure.
Explains why general ITC entitlement under Section 16(1) is curtailed by specific blocks in Section 17(5), and how courts reconcile both within GST’s value-added framework.
Setting aside an unauthorised transfer order, the Court held that CJMs lack jurisdiction to move criminal trials between courts. The ruling reinforces strict adherence to statutory limits on judicial powers.
