The High Court held that assessment orders under Section 62 of the CGST Act automatically lapse once pending returns are ...

The government clarified that shell companies are not defined in company law, but inactive entities are removed through statutory strike-off provisions. The key takeaway is that enforcement relies on ...

The analysis holds that FEMA treats NRIs and OCIs identically for acquisition, transfer, and repatriation of immovable ...

The Tribunal held that foreign investments disclosed in Schedule FA and backed by sufficient income cannot be treated as unexplained. Mechanical application of section 69 was ...

While allowing proceedings to continue, the Court restrained enforcement of any final order arising from the show cause notice pending further ...

The court directed the refund of TDS erroneously deducted from an arbitral award, ruling that interest on the TDS is not payable. The Execution Petition was disposed of ...

The government clarified that no new Group of Ministers is under consideration, even as States flagged revenue losses from GST rate rationalisation. The key takeaway is that existing mechanisms will ...

The issue was whether compensation awarded for the death of a minor was grossly inadequate. The Supreme Court recalculated compensation using minimum wages, 40% future prospects, and multiplier 15, ...

ITAT held PCIT cannot revise assessment where penny stock LTCG transactions were fully examined and AO adopted a permissible ...

The court held that GST liability rests with firms and responsible persons, not their auditor, reaffirming that professionals cannot be arrested mechanically without direct ...

The Court held that once scrutiny is closed with ASMT-12, no further demand can be raised on identical grounds. The key takeaway is finality of accepted scrutiny ...

The High Court upheld the tribunal’s decision, emphasizing that statements of pancha witnesses and co-notices cannot be relied upon without allowing cross-examination, ensuring fair adjudication under ...