Courts and regulators now treat related party transactions as a core governance issue rather than procedural compliance. The key takeaway is that boards must demonstrate real oversight under Section 188.
The Codes reduce filings, decriminalise offences, and digitise processes. However, expanded social security obligations increase compliance costs for many sectors.
The article argues that unilateral tariffs and coercive trade measures undermine trust and destabilise alliances. It warns that transactional diplomacy weakens the global order.
The Tribunal ruled that non-filing of Form 10B is a curable defect and cannot justify denial of exemption during processing. Section 143(1) cannot be used to decide debatable exemption issues.
The proposal highlights inequities under individual taxation for single-earner families. Joint filing could align tax liability with household income capacity.
The new legislation restructures and simplifies income-tax provisions without altering tax rates. It aims to improve ease of compliance and legal clarity.
Courts have ruled that references to the TPO cannot be made mechanically. The key takeaway is strict compliance with CBDT Instruction No. 3/2016 is mandatory for jurisdiction.
Explains why many insolvency resolutions fail due to lack of execution capital and how a Revival Fund can prevent value-destructive liquidations by supporting viable businesses.
The High Court’s leadership change marks a milestone for women in the judiciary. The appointment reflects institutional commitment to inclusivity and constitutional values.
The High Court ruled that GST demands cannot be determined against a deceased proprietor. Authorities must issue show cause notices to legal heirs before fixing liability, failing which proceedings are void.
