The court ruled that genuine purchasers cannot lose ITC because a supplier failed to deposit GST. Section 16(2)(c) must be ...

The Design Linked Incentive Scheme is accelerating India’s move into high-value semiconductor design. The key takeaway is ...

The amendment eliminates the physical LOC step for investor service requests, enabling direct credit of securities to demat ...

Explains how the fast-track insolvency process accelerates resolution for eligible companies and the key legal principles governing ...

SC held that disciplinary action cannot be taken against judges solely for alleged errors in judicial orders. Ruling underscores that independence and fearlessness of trial judges are vital to rule of ...

The court held that reopening beyond the permissible period was invalid where full disclosures were made and no new material emerged. Reassessment based solely on existing records was ruled ...

Courts have ruled that notices or orders issued by a Jurisdictional AO under the faceless regime are void due to lack of authority. Jurisdictional defects are incurable, and taxpayers should raise ...

The High Court quashed a reassessment for A.Y. 2015–16 where the Section 148 notice was issued after 1 April 2021. Relying on the Revenue’s binding concession before the Supreme Court, all ...

Learn how PPIRP under IBC Chapter III-A offers a fast, consensual insolvency solution for MSMEs, emphasizing management continuity and creditor-approved resolution ...

This case examines whether courts can review GST classifications when public health concerns are raised. The key takeaway is that courts may prompt institutional review but cannot directly alter tax ...

The issue was whether an assessment could be reopened after four years. The Court held that full disclosure by the taxpayer barred reassessment under Section ...

The Tribunal held that earning income as a percentage of hospital turnover is commercial, not charitable. Section 80G approval was rightly denied for lack of ...