Input Tax Credit (ITC) is backbone of Goods and Services Tax (GST) framework, enabling seamless flow of credit across value chain. However, right to avail ITC is subject to various conditions stipulated under Section 16 and Section 17 of CGST Act, 2017.
Section 44 of the IBC outlines NCLT’s powers to reverse preferential transactions, restore assets, and protect good-faith third parties in insolvency proceedings.
Learn about class action suits under Companies Act, 2013—who can file, where to file, grounds for action, and the legal reliefs available to shareholders and depositors.
We’ll also explore specific mutual fund schemes with strong track records, high-quality underlying portfolios and robust fund management—all essential to long-term success.
Taxability of an individual in India is primarily determined by their residential status under the Income Tax Act, 1961. For returning NRIs, the Resident but Not Ordinarily Resident (RNOR) status often offers significant advantages during the initial years.
Explore why foreign exchange gains/losses, particularly on revenue items, should be excluded from Profit Level Indicator (PLI) calculations in Transfer Pricing, challenging current judicial precedence and OECD guidelines.
The Supreme Court criticizes the practice of withdrawing voluntary monetary offers made during bail hearings, remanding a case for fresh consideration on merits.
Understand the Insolvency and Bankruptcy Code’s provisions for minimum payments to operational and dissenting financial creditors, including key amendments and the ongoing Supreme Court deliberation on secured creditor entitlements.
Kerala High Court mandates strict adherence to procedural formalities in preventive detention, ruling that all documents provided to the detenu must be legible for effective representation.
Explore intersection of India’s insolvency and competition laws, focusing on mandatory CCI approval for mergers in resolution plans and its impact on IBC timelines and stakeholder interests.
