The Tribunal held that absence of a clear charge in the penalty notice makes the proceedings invalid. It ruled that failure to specify the exact limb of misreporting renders the penalty unsustainable.
The Tribunal held that prior to the 2023 amendment, returns filed within the broader time under Section 139 were eligible for exemption. It ruled that updated returns could not be denied benefits retrospectively.
POS rules under the IGST Act determine whether services fall under IGST or CGST+SGST in tokenized real estate structures. The key takeaway is that service classification and property location decide tax jurisdiction, not commercial intent.
This update compiles key statutory deadlines across multiple laws for May 2026. It highlights filing requirements under income tax, GST, FEMA, and company law. The takeaway is a complete roadmap for timely compliance.
TDS payments under Challan 281 require correct selection of system-driven Nature of Payment codes. The guide explains that wrong code selection can lead to credit mismatches and compliance issues.
The scheme allows defaulting companies to regularize filings by paying only 10% of late fees. Key takeaway: CCFS-2026 offers a limited-time compliance reset with major financial relief.
Claims of high success rates in competitive exams were not supported by complete data or documentation. The decision emphasizes that unverifiable claims in advertisements amount to misleading representation and unfair trade practice.
The new law replaces complex provisions with a streamlined structure and fewer sections. It makes compliance easier while retaining core tax principles.
The tribunal held that selling only open land, even if earlier part of a residential property, does not qualify as transfer of a residential house. Since no building was sold, exemption under Section 54 was rightly denied.
This explains how the regulatory framework strictly governs drug quality, manufacturing, and liability. Courts have clarified that liability cannot be imposed without clearly identifying the role of company officials and properly arraigning the company.
