ITAT Delhi held that an appeal dismissed ex-parte by NFAC should still be decided on merits under Section 250 of the Income Tax Act. The Tribunal restored the matter for fresh adjudication after granting one final opportunity to the assessee.
The Calcutta High Court held that a dispute arising from a conveyance relating to office premises satisfied the definition of a commercial dispute under the Commercial Courts Act, 2015.
Explore key governance and compliance gaps uncovered during IPO due diligence, including POSH, filings, capital structure and records.
Tripura High Court held that Bar Associations cannot penalize advocates for attending courts despite boycott calls, protecting lawyers’ professional duties to clients.
The article discusses how GST authorities are increasingly reversing ITC based on upstream NGTP allegations without proving fraud by the immediate buyer. It highlights judicial views that genuine buyers cannot be burdened with proving unknown upstream transactions.
The article explains common objections raised during GST departmental audits under Section 65, including ITC mismatches, GSTR reconciliation issues, and reverse charge disputes. It also discusses judicial rulings supporting taxpayers in genuine ITC claims.
The article explains how digital adjudication systems, virtual hearings, and online compliance platforms are reshaping India’s corporate regulatory framework. It highlights benefits such as transparency, efficiency, and reduced procedural delays.
Supreme Court upheld restoration of original Committee of Creditors and ruled that IRP could not independently reclassify financial creditors after constitution of CoC under IBC framework.
CESTAT Chennai held that Rule 8 of the Central Excise Valuation Rules applies only when goods are consumed by the assessee or on its behalf. Since the plastic caps were used by the principal manufacturer and not captively consumed by the job worker, the duty demand was set aside.
The Mumbai ITAT held that the appellate authority failed to consider pending writ petitions and interim directions of the Bombay High Court regarding exemption under Section 10(23C)(via). The matter was remanded for reconsideration after final disposal of the writ petitions.
