The Bombay High Court ruled that a capital gains exemption for multiple residential properties before the 2014 amendment is valid, reaffirming a liberal interpretation of tax law.
Understand the difference between a profession and a business for income tax purposes. Learn about special tax provisions for professionals like Section 44ADA.
NCLT rules that the IBC’s moratorium applies to all proceedings against a corporate debtor, including quasi-judicial and assessment proceedings, upholding its purpose as a protective shield.
The Supreme Court of India ruled that presenting a cheque for its full amount after a partial payment was made does not constitute a Section 138 offense if dishonored.
A guide to accounting for R&D in India under Indian GAAP and Ind AS 38. Learn the difference between research and development costs, capitalization criteria, and reporting requirements.
Understand when your insurance policy’s risk coverage begins. Learn how premium payment, policy issuance, and specific contract terms determine the effective date.
Learn about third-party car insurance, a mandatory legal requirement in India. Understand its coverage, legal provisions, and how it protects drivers financially.
This case study examines if a Managing Director can refuse to perform duties during Corporate Insolvency Resolution Process (CIRP) and the suspension of the Board.
This case study examines if a GST officer can purchase goods to check for a tax invoice, demand a bill cancellation, and a refund, as per Section 67 of the CGST Act.
This case study examines if a company can claim interest on assets and money seized by the Income Tax Department after an assessment is completed under the IT Act.
