A criminal complaint for tax evasion, based on unauthenticated documents from a foreign government, was quashed due to a lack of credible and corroborative evidence.
Learn about the process for striking off a company’s name under Section 248 of the Companies Act, including the conditions and procedural steps for both ROC and company-initiated removal.
Compare the new default tax regime (Section 115BAC) and the old regime. Understand the differences in tax rates, surcharge, and a comprehensive list of allowed vs. disallowed deductions.
The Himachal Pradesh High Court has ruled that recovering GST demand before the appeal period expires is invalid, ordering the department to refund the amount with interest.
Calcutta High Court rules that once an issue has been adjudicated under Section 74, the tax authorities cannot initiate new proceedings under Section 73 for the same cause of action.
Law enforcement agencies, including the DGGI, must strictly adhere to legal procedures, including providing grounds for arrest and reasons for believing an offense was committed. Failure to do so can render an arrest illegal.
Learn the correct accounting treatment for fixed assets purchased with foreign contributions under the FCRA. This guide covers capitalization, disclosure, and compliance requirements.
The GST law lacks a mandatory reconciliation rule for GSTR-6A, creating friction for taxpayers and departments. A legislative fix is needed to align ISD compliance with GSTR-2B practices.
A summary of the Export Promotion Capital Goods (EPCG) Scheme. Learn about its features, export obligations, and requirements for duty-free imports of capital goods.
Can a corporate guarantee to a foreign related party without consideration be an export of service under GST? Learn how Schedule I, Rule 96A, and RBI rules apply.
