The Tribunal held that penalty under Section 271DA cannot be imposed when the assessment order lacks recorded satisfaction of a 269ST violation. The ruling confirms that satisfaction by the Assessing Officer is a mandatory precondition.
Explains how tribunals have elevated avoidance actions, enabling creditors to unlock major value from preferential and fraudulent pre-insolvency transactions. Highlights stricter duties for RPs and rising director liability.
Understand the statutory time limits for filings, applications, approvals, and settlement processes under the Income-tax Act, including key compliance deadlines.
Despite strong constitutional protections, victims face police resistance, evidence manipulation, and bureaucratic delays. Effective reforms are essential to make justice accessible.
Explains the ruling that compliance officers cannot be penalised for financial misstatements without clear legal duty or proof of knowledge. Key takeaway: liability must be grounded in explicit statutory responsibility.
A detailed look at the revised ITC reporting norms in GSTR-9 following recent notifications and FAQs, highlighting how the new tables prevent double claims and mismatches.
The Court held that a Muslim man’s second marriage cannot be registered without hearing the first wife. Any objection requires the Registrar to stop registration and refer the parties to court.
Nidhi Companies Exposed: New MCA Rules (2022 & 2024) enforce ₹20 Lakh NOF and mandatory declaration (NDH-4). Learn about major penalties, deposit safety, and name restrictions.
CryptoEasily launches regulated crypto mining with daily returns up to $4k. Earn stable passive income with FCA compliance, Lloyd’s insurance, and top security.
Indian Forex Traders: Prepare for market shifts through 2026! Discover the 5 key commodities (Crude Oil, Gold, Natural Gas, Copper, Soybeans) and learn strategic approaches to navigate volatility, manage INR impact, and maximize returns in commodity-linked forex trading.
