The court ruled that exporters making zero-rated supplies can claim refund of unutilized ITC even if suppliers ignored deemed export procedures. Refund cannot be denied when deemed export benefits were never availed.
Explains the role of unit holders in InvIT governance and how their rights closely resemble shareholder powers in companies.
Explains the legal requirement for signing financial statements and clarifies that responsibility rests with management, not the auditor.
This explains why certain GST credits are disallowed under law and how courts determine whether ITC is wrongly blocked despite business use.
The article explains how incorrect ESOP valuation can trigger tax disputes, penalties, and audit issues, highlighting the importance of accurate FMV determination.
The enforcement of the Labour Codes aims to simplify labour regulation, but the article highlights risks of diluted worker protections and constitutional challenges.
Explains how FEMA empowers RBI to approve cross-border M&A while ensuring foreign exchange control, financial stability, and alignment with economic policy.
The article explains how fear-driven cash hoarding and overconfidence in equities can undermine long-term investment goals, advocating balanced, adaptive strategies.
The MCA increases small company limits to ₹10 crore paid-up capital and ₹100 crore turnover, enabling more startups and MSMEs to access simplified compliance and governance benefits.
India’s Supreme Court clarified that MFN benefits under DTAAs require a government notification and are limited to OECD membership at treaty signing, rejecting automatic extension claims by countries like Switzerland and France.
