IPL franchises have contested the 40% GST rate, arguing it wrongly classifies matches as entertainment instead of sporting events. The key takeaway is that tax treatment depends on classification, which directly impacts applicable GST rates.
Highlights that selecting the incorrect portal tab can lead to data mismatches and filing errors. Emphasizes the need to use the correct tab under the applicable law.
Explains that vague show cause notices lacking details of suppression violate legal principles. Highlights that extended limitation and penalties require clear proof of intent.
Clarifies that export value used in refund calculation must be consistently applied in both numerator and denominator. Highlights that inconsistency leads to notices and delays.
The Court examined whether prior orders and perceived bias justified recusal and held they did not. It ruled that unsubstantiated apprehensions cannot form the basis for disqualification of a judge.
The Court examined whether show-cause notices covering multiple financial years are valid and noted divergent High Court rulings. It referred key legal questions to a Larger Bench for final determination.
The operators avoided traditional hacking and instead used structural loopholes in website optimisation. The incident shows how technical weaknesses can undermine regulatory frameworks.
Explains how commission-driven incentives in banks lead to mis-selling of financial products. Highlights the need for structural reforms to align sales practices with customer interests.
Explains the legal framework of dormant companies under Section 455, including eligibility, process, and reduced compliance benefits. Highlights how businesses can retain corporate identity without full operational obligations.
Explains mandatory quarterly disclosures under SEBI LODR, including financial results, governance reports, and shareholding patterns. Highlights how timely compliance ensures transparency and investor protection.
