The Supreme Court has admitted a case to resolve conflicting interpretations of due dates for PF/ESI contributions. The ruling will impact deduction claims and pending disputes.
The High Court held that cross-state transfer of ITC on amalgamation cannot be denied due to GST portal limitations. It ruled that statutory rights override technical restrictions.
GST provides a structured ladder of assessment mechanisms based on compliance and risk. Understanding each stage helps taxpayers avoid disputes and manage liability effectively.
The POSH Act’s hybrid appeal structure often confuses litigants due to the absence of a defined appellate authority. Understanding the correct forum is key to avoiding rejection and delays.
The Court held that unsubstantiated allegations causing reputational harm must be removed. It directed platforms to take down or block such content within 24 hours in India.
The article explains that accounting treatment differs significantly between standalone and consolidated financial statements. It highlights that Ind AS 105 applies mainly at the consolidated level, not for measurement in standalone accounts.
The Tribunal held that delay in filing Form 10-IC does not invalidate the option exercised under Section 115BAA if declared in the return. It ruled that the requirement is procedural, not mandatory. The decision ensures substantive tax benefits are not denied due to technical lapses
GST suspension triggered by GSTR-1 and GSTR-3B mismatch was upheld, emphasizing strict reconciliation requirements. Timely correction and response are crucial to avoid cancellation.
The Tribunal rejected appeals filed by the assessee s father despite claims that the assessee was untraceable. It clarified that absence of the assessee does not authorize relatives to file appeals. Legal standing is mandatory for invoking appellate jurisdiction.
The Court clarified that recovery actions must be confined to the assessee liable for tax. Attaching a director’s personal account without evidence of liability was held unlawful. The judgment underscores limits on recovery powers.
