This explains why educational institutions are fully covered under FCRA when receiving foreign funds. The key takeaway is that academic status does not exempt institutions from compliance.
This piece explains how genuine businesses are often accused of fake invoicing because suppliers fail to comply with GST filings. The key takeaway is that supplier default alone does not legally justify branding transactions as fake.
Explains why statements recorded during investigative summons carry evidentiary value and how careful handling can prevent escalation into prosecution.
ITAT rules that algorithmic data, AIS flags, and system-generated alerts cannot substitute for legal evidence in income-tax additions. The ultimate burden of proof remains with the Revenue.
Discover why the ITAT consistently overturns tax additions founded solely on bank entries and how proper enquiry and evidence are critical for assessments.
Learn the legal framework and practical steps to protect your business when GST authorities provisionally attach bank accounts, ensuring compliance while minimizing disruption.
This piece explains that Independent Directors are not automatically liable, but face risk where knowledge, consent, or neglect is established.
Highlights the most common GST triggers for online sellers, including GSTR mismatches, ITC issues, and credit note errors, helping businesses prevent notices and penalties.
Explains how religious and charitable trusts can comply with FCRA, highlighting proper donation channels, fund utilization, and reporting to prevent suspension or cancellation.
This case note explains that CAs, CSs, and Advocates are protected for bona fide advice but can be prosecuted if they knowingly assist laundering. The key takeaway is that crossing from advisory to execution triggers PMLA exposure.
