Courts have ruled that Section 125 applies only where no specific penalty exists under GST law. Using it alongside other penalty provisions amounts to double penalisation and is legally unsustainable.
The law clearly prohibits penalties for minor breaches, yet officers continue imposing heavy fines on small taxpayers. Courts have repeatedly intervened, emphasizing proportionality and fairness in penalty imposition.
The issue is how investors can efficiently monitor mutual fund investments. The article explains that online platforms, apps, and AMC portals enable real-time tracking and performance analysis. The key takeaway is that digital tools simplify monitoring and improve investment decisions.
न्यायालयों ने स्पष्ट किया कि विक्रय प्रमाण पत्र केवल साक्ष्य होता है और स्वामित्व हस्तांतरण का माध्यम नहीं। स्टाम्प ड्यूटी केवल तब लागू होती है जब इसे किसी अन्य कानूनी उद्देश्य के लिए उपयोग किया जाए। यह निर्णय प्रशासनिक भ्रम को दूर करता है।
The law distinguishes between rejection of renewal and cancellation of registration for charitable trusts. Only cancellation activates Section 115TD, ensuring that mere rejection does not automatically result in harsh tax consequences.
The new Income Tax Rules, 2026 permit reapplication within one month of rejection. This provides a faster alternative to appeals and reduces litigation burden.
The issue concerns mandatory filing of FLA returns by entities with foreign investments. The RBI clarified that all such entities must file annually by July 15, even using provisional data if needed. The key takeaway is that non-compliance attracts penalties under FEMA, making timely filing essential.
The issue arose from taxing buybacks as dividends, causing higher tax burden and unusable capital losses. The reform restores capital gains taxation, easing compliance and aligning with asset transfer principles.
The case addressed misuse of a public figure’s identity through AI-generated content and merchandise. The Court granted an injunction, holding such exploitation violates personality rights and causes reputational harm.
Explains Section 44AD applicability for non-specified professions, eligibility, limits, and tax audit rules under Sections 44AB and 44AA.
