Explore the key tax and legal aspects of mergers and acquisitions in India, including the different acquisition methods—share purchase, slump sale, NCLT merger, and asset purchase.
The Gujarat High Court has quashed a penalty order under the GST Act, ruling it invalid because it was issued on the same day as the SCN, violating natural justice.
This summary explores how Artificial Intelligence can address current inefficiencies in India’s legal system, detailing its potential to streamline processes, simplify legal language, and improve access to justice.
The Delhi High Court ruled that consolidated Show Cause Notices for multiple years are valid in fraudulent ITC cases, dismissing a petition and upholding a penalty.
The Bombay High Court’s Aurangabad Bench quashed a criminal case under Section 498A of the IPC, ruling that remarks on a wife’s cooking or clothing are not considered cruelty.
Punjab and Haryana High Court at Chandigarh has criticized a trial court for delaying a 76-year-old army veteran’s fraud case, directing all judicial officers in district to prioritize and handle such cases without a casual approach.
What counts as “being in business” in India? When does advisory work cross the line into a taxable presence? The Hyatt International ruling is more than just another tax dispute. It is a clear reminder that in international taxation, substance prevails over form. The Supreme Court upheld the Delhi High Court’s finding that Hyatt International […]
his article presents an expert-level analysis of accounting for taxes on income, referring to the Indian Accounting Standard AS 22 (Accounting for Taxes on Income) and the corresponding Ind AS 12 (Income Taxes).
The updates concerning the ITR-5 form for Assessment Year (AY) 2025-26. The Central Board of Direct Taxes (CBDT) has made important changes to fall in line with the Finance Act, 2024, and Notification No. 42/2025, dated May 1, 2025, that taxpayers need to know to ensure proper filing. Applicability of ITR-5 Form ITR-5 form is […]
Understand Section 206C: Amendment in Interest rate for late payment of TCS. Learn the new 1.5% rate effective April 2025.
