The issue was denial of deduction due to delayed filing of Form 56F. ITAT held that delay is a procedural lapse and directed allowance of deduction.
The issue was whether buyback of shares attracts GST. It was held that since shares are securities excluded from GST, buyback is not taxable, though related services remain taxable with ITC eligibility.
The Supreme Court held that secretly recorded conversations can be admitted if relevant and legally compliant. Privacy rights do not override the need for truth in matrimonial disputes.
A director was penalized for holding two DINs in violation of statutory provisions. The key takeaway is that even inadvertent non-compliance attracts strict penalties under company law.
The company failed to conduct the required number of board meetings and exceeded statutory time gaps. The key takeaway is that strict compliance with board meeting norms is mandatory.
Filing incorrect details in statutory forms attracts penalties even if later corrected. The key takeaway is that rectification does not erase liability for the original default.
The issue was a GST order passed without considering the taxpayer’s reply or giving reasons. The Court allowed filing of appeal with delay condonation and protected the taxpayer from coercive recovery.
The notification proposes a strict ban on plastic packaging for pan masala. It mandates eco-friendly alternatives and reinforces existing plastic waste rules to curb environmental and health risks.
This update outlines revised TCS rates under Section 394(1). It highlights rate hikes on certain goods and relief in remittances and tour packages.
This article explains how ESOP taxation works and highlights the deferral benefit for eligible startup employees. It clarifies that tax is postponed, not exempted, easing liquidity concerns.
