NCLT retained the freeze on assets citing serious SFIO findings but ordered defreezing of the salary account and family members’ accounts.
Calcutta HC held that the three-month delay in executing a PITNDPS detention order was justified by administrative procedures and required NOCs.
ITAT Mumbai quashed a Section 148 notice issued after the limitation under the first proviso to Section 149, holding the reassessment invalid for AY 2015-16.
Bombay HC upheld ITAT’s order, holding reassessment under Section 148 unsustainable as full reasons were not supplied and relied on a retracted statement.
ITAT Mumbai held that eligible CSR donations qualify for Section 80G deduction if statutory conditions are met, despite disallowance under Section 37(1).
The Court ruled that, without a transfer application and parallel insolvency proceedings, shifting a winding-up case to NCLT was unwarranted.
The article explains how AI is reshaping India’s IT services industry by automating routine work, forcing companies to transform their business models through AI-driven services and workforce upskilling.
The article explains that the Statement of Facts forms the foundation of every GST appeal. It emphasizes that accurate, evidence-backed facts are essential before legal arguments and precedents can be considered.
The article introduces an offline tax computation tool that calculates tax under both the old and new tax regimes, helping taxpayers choose the more beneficial option for FY 2025-26.
The article explains how mandatory IMS and the Zero-Mismatch Policy require taxpayers to verify invoices before claiming ITC, making monthly reconciliation essential to protect tax credit.
