Detailed overview of penalties under various sections of the Income Tax Act, covering defaults in tax payment, reporting, documentation, and TDS/TCS compliance with prescribed penalty amounts.
An analysis of CBIC Circular 254/11/2025-GST questioning its legal validity to assign proper officers for Section 122 GST penalties via a circular, not the Act or rules.
Madras HC rules single GST show cause notice/assessment order for multiple financial years is impermissible. Each year requires a separate notice.
Delhi High Court quashes 17-year-old attempt to murder FIR against Madhu Kishwar, citing it as a “maliciously motivated counter blast” by the complainant.
Summary of Companies Act, Section 21: KMPs (CEO, CFO, CS) must have Board authorization to authenticate company documents. Crucial for legal compliance and validity.
The ICC is criticized for disproportionately targeting African states while ignoring great power crimes. Structural bias and political interference threaten its goal of global justice.
India’s Customs Notification 45/2025 consolidates 31 duty exemptions into a single reference. It clarifies BCD/IGST relief for EVs, medical goods, and project imports.
AI integration (GSTN, Project Insight, Faceless Assessment) is transforming Indian tax administration, improving fraud detection, but faces hurdles in infrastructure and ethics.
ITAT rules LRD trading and after-sales services are functionally inseparable for TP. Mechanical segregation rejected; TNMM must be applied at the entity level on an aggregated basis.
AI and ML are transforming GST administration in India. Learn how technology is used for real-time fraud detection, ITC verification, data reconciliation, and risk-based audit scoring.
