Government of India has introduced Vivad se Vishwas II – (Contractual Disputes) scheme to effectively resolve pending contractual disputes involving government and government undertakings.
Updated framework on Offer for Sale (OFS) of units of REITs and InvITs by SEBI. Enhancements affect private listed InvITs, effective immediately.
Read about the recent Madras High Court ruling that denies Input Tax Credit (ITC) if tax hasn’t been paid to the government. Analysis and implications for businesses dealing with suppliers with cancelled GST registrations.
Ministry of Corporate Affairs in India has recently issued a significant update to the Companies (Incorporation) Rules, 2023. These rules may be called the Companies (Incorporation) Second Amendment Rules, 2023, indicating a second round of changes this year. Furthermore, the update also includes a critical change in the form for filing application to the Central Government […]
Ministry of Commerce & Industry Fresh guidelines for tyre manufacturers by Ministry of Commerce and Industry The Indian tyre industry has been witnessing a rise in the demand for production of tyres for export and domestic sales. The increasing ownership of vehicles aids the tyre industry. There is also a surge in demand for tyres […]
Calcutta High Court sets aside an assessment order after the death of the noticee prior to the initiation of proceedings under Section 148A(b) of IT Act.
Uncover Pakona Engineers’ victorious battle against the Commissioner of Central Excise. Service provided by foreign entities not liable for service tax.
Delhi High Court provides relief to CCTEB India by releasing Rs 42 crores held in fixed deposits. Find details of the judgement here.
Review of the Delhi High Court’s decision in Chitra Hardware Vs Commissioner of VAT & ANR, highlighting the empowering of Assessing Authority under DVAT Act to verify ITC claims.
Dive into ITAT’s landmark ruling in Akram Hossain Mullick vs DCIT where machinery repair costs for a petrol pump business are considered as revenue nature.
