The High Court held that invocation of Section 74 is invalid where the show cause notice lacks specific allegations of fraud, wilful misstatement, or suppression of facts. Without recorded findings of mens rea, proceedings are without jurisdiction.
India taxes Virtual Digital Assets at a flat 30% with no loss set-off. The article examines whether this framework aligns with equity and neutrality principles.
Residential status under the Income Tax Act, 1961 defines who is taxed and on what income. The article explains how residence, not citizenship, anchors India’s tax jurisdiction.
Tax incentives for FDI are a double-edged sword. While they can bridge the gap in a country’s competitiveness in the short term, they frequently come at the cost of fiscal sustainability, economic equity, and market neutrality. In the era of the Global Minimum Tax, the “race to the bottom” is being replaced by a race toward quality. Nations that prioritize institutional stability, transparent governance, and investments in human capital will likely outperform those relying solely on fiscal favors.
Luxury cars attract 28% GST plus up to 22% Compensation Cess, pushing the tax burden near 50%. The analysis explains whether this structure is justified as fiscal policy or risks becoming economically excessive.
Input Tax Credit, intended as GST’s backbone, has become a major litigation driver due to strict conditions like supplier tax payment requirements and procedural mismatches. Courts continue to grapple with whether bona fide purchasers should suffer for supplier non-compliance.
The Uttarakhand High Court held that mere suspicion about a spouse’s character and strained marital relations do not amount to abetment of suicide under Section 306 IPC. In the absence of instigation, mens rea, and proximate conduct, conviction cannot be sustained beyond reasonable doubt.
A comprehensive guide to authorised, issued, subscribed, and paid-up capital and regulatory compliance under the Companies Act, 2013.
A comprehensive guide to applicability, 2% spending rule, governance structure, compliance requirements, and penalties under Section 135.
Section 68 CGST – From E‑Way Bill Compliance to Road‑Side Detention: Law, Practice and Judicial Pushback Section 68 of the CGST Act forms the statutory bridge between movement of goods, e-way bill compliance, and detention proceedings under Sections 129 and 130. It mandates that the person in charge of a conveyance carry prescribed documents such […]
