Blog

Blog, News, GST & Customs

December 17, 2023

Assessee’s Request to Amend/Rectify Form GSTR-1 Could Not Be Rejected If Wrong GSTIN Mentioned Inadvertently | HC

Case Details: Star Engineers (I) … Continue reading “Assessee’s Request to Amend/Rectify Form GSTR-1 Could Not Be Rejected If Wrong GSTIN Mentioned Inadvertently | HC”

Blog, News, GST & Customs

December 17, 2023

CBIC Issues Instructions on Applicability of SC Decision in Case of Northern Operating Systems Under GST

Instruction No. 05/2023 dated December … Continue reading “CBIC Issues Instructions on Applicability of SC Decision in Case of Northern Operating Systems Under GST”

News, Blog, FEMA & Banking

December 17, 2023

HC Upholds Tribunal’s Decision of Reducing the Penalty as ED Fails to Provide a Valid Basis for Imposing the Maximum Penalty

Case Details: Special Director v. … Continue reading “HC Upholds Tribunal’s Decision of Reducing the Penalty as ED Fails to Provide a Valid Basis for Imposing the Maximum Penalty”

Blog, News, Company Law

December 17, 2023

ROC Slapped Rs. 36.60 Lakhs Penalty on Ex, Directors & Co., for Non-appointment of KMPs Within the Prescribed Time Limit

Prof R Balakrishnan – [2023] … Continue reading “ROC Slapped Rs. 36.60 Lakhs Penalty on Ex, Directors & Co., for Non-appointment of KMPs Within the Prescribed Time Limit”

Blog, News, Insolvency and Bankruptcy Code

December 15, 2023

Possession by Receiver’s Agent Acting as a Custodian Doesn’t Qualify as “Possession” as Defined in Sec. 14 of the IBC

Case Details: Urshila Ajit Kerkar … Continue reading “Possession by Receiver’s Agent Acting as a Custodian Doesn’t Qualify as “Possession” as Defined in Sec. 14 of the IBC”

Blog, News, GST & Customs

December 15, 2023

[Opinion] Tax Exemption for Tea Warehousing – A High Court Victory for Agriculture

Yubaraj Chatterjee – [2023] 157 … Continue reading “[Opinion] Tax Exemption for Tea Warehousing – A High Court Victory for Agriculture”

Blog, News, GST & Customs

December 15, 2023

Search Authorization Was Erroneous If Grounds Set Out in Authorization Were Not Borne Out From Information on Record | HC

Case Details: Bhagat Ram Om … Continue reading “Search Authorization Was Erroneous If Grounds Set Out in Authorization Were Not Borne Out From Information on Record | HC”

News, Blog, Income Tax

December 15, 2023

[Opinion] Income-tax Implications and Accounting in the Real Estate Sector – Demystifying JDAs & Other Construction Contracts

Navneet Singal – [2023] 157 … Continue reading “[Opinion] Income-tax Implications and Accounting in the Real Estate Sector – Demystifying JDAs & Other Construction Contracts”

Blog, News, Income Tax

December 15, 2023

CIT Can’t Extend Time Limit to Submit Special Audit Report u/s 142(2A) As Power Vests With AO Only | HC

Case Details: PCIT vs. Soul … Continue reading “CIT Can’t Extend Time Limit to Submit Special Audit Report u/s 142(2A) As Power Vests With AO Only | HC”

News, Blog, Insolvency and Bankruptcy Code

December 15, 2023

AA Rightly Admitted CIRP Plea on Basis of CD’s Balance Sheet Showing Loan Facility Availed from Financial Creditor | SC

Case Details: Vipin Sharma v. … Continue reading “AA Rightly Admitted CIRP Plea on Basis of CD’s Balance Sheet Showing Loan Facility Availed from Financial Creditor | SC”