The issue was whether an assessment could be reopened after four years. The Court held that full disclosure by the taxpayer barred reassessment under Section 147.
This case examines whether courts can review GST classifications when public health concerns are raised. The key takeaway is that courts may prompt institutional review but cannot directly alter tax rates.
The issue was wrongful denial of GST refunds by branding exporters as intermediaries. The key takeaway is that independent service providers exporting on their own account are not intermediaries.
The issue concerned whether deductions under section 80GGC could be denied solely on investigation inputs alleging accommodation entries. It was held that such information is only a trigger for enquiry, not conclusive proof. The key takeaway is that disallowance requires assessee-specific evidence and compliance with natural justice.
Learn how Resident but Not Ordinarily Resident (RNOR) status provides a tax-efficient window for returning NRIs to plan foreign income and repatriation before full residential taxation applies.
This explains why power, oil, gas, and coal companies fall under mandatory cost audit regulations. The key takeaway is that meeting turnover thresholds triggers strict compliance obligations.
This piece examines how utility models can offer MSMEs a faster and cheaper alternative to patents for protecting incremental innovations. It highlights why such a system could boost competitiveness while stressing the need for safeguards against misuse.
Explains how online platforms are regulated under the IT Act, 2000, focusing on safe harbour protection, duties, and limits on intermediary liability.
This case highlights how delays before insolvency tribunals erode value and derail time-bound resolution. The key takeaway is that speed in adjudication is essential to achieving IBC’s objectives.
Explains how director funding, though permitted under company law, can create adverse tax consequences if inconsistently classified or documented.
