This article explains how AI tools may provide outdated tax advice under the new law. The key takeaway is that relying on unverified AI responses can lead to penalties.
This article explains legal options for recovering debts when borrowers relocate from the UAE to India. The key takeaway is that structured strategy and documentation are essential for enforcement.
Retrospective cancellation of registration was held to be invalid as the scheme of Act did not permit cancellation of registration under Section 12AA(3) with retrospective effect in absence of explicit statutory authority.
ITAT Delhi held that approval from the PCCIT or PDGIT is mandatory, as provided u/s 35(2AB)(iv) of the Act. Since such mandatory approval of R&D facility from the PCCIT or PDGIT was not obtained by the assessee therefore, weighted deduction u/s 35(2AB) of the Act cannot be allowed.
This article examines the gap between strong GDP figures and underlying economic weaknesses. The takeaway is that headline growth may not reflect real financial health.
Delhi High Court held that property acquired from proceeds of crime before Prevention of Money Laundering Act can be attached u/s. 5(1) since possession continued after Prevention of Money Laundering Act came into force.
CESTAT Chennai held that tyres, tubes and flaps secured by plastic carry straps are not placed in a package within the meaning of the Legal Metrology Act, 2009. Hence, provisions of section 4A of the Central Excise Act, 1944 inapplicable.
A petition concerning money laundering, illegal mining and granite quarrying was dismissed as the Court found sufficient averments disclosing cognizable offence against assessee
Company held only three Board Meetings in a year, violating statutory norms. Officers were penalized individually for non-compliance with meeting requirements.
The issue involved obtaining more than one DIN in violation of statutory provisions. The authority imposed a reduced penalty, recognizing the error as unintentional and self-reported.
