National Company Law Appellate Tribunal (NCLAT) Delhi has dismissed an appeal filed by Greenshift Initiatives Pvt. Ltd., upholding the Adjudicating Authority’s decision to deny the appellant a seat in ...

The respondent’s counsel countered the claims, citing Section 169 of the CGST Act, which lays down the modes of serving notices under the Act. The Court, after reviewing the relevant provisions, ...

Kerala High Court, in a recent judgment concerning Centre C Edtech Private Limited, has ruled that the seizure of cash by the state’s GST Department and its subsequent transfer to the Income Tax ...

The BCI acknowledged the government’s proactive stance in addressing advocates’ concerns and urged legal professionals to refrain from protests or strikes, assuring them that the amendments will be ...

Introduction : The Tax Slabs between Budget 2024 and Budget 2025 changed significantly, giving huge tax relief to the individuals. Not only tax slabs but changes in Section 87A of Income Tax Act,1961 ...

Section 115BBE of IT Act stands out as one of most harsh yet effective provisions targeting unexplained income. Designed to curb tax evasion and penalize unaccounted money and prevent misuse of ...

Summary: The Finance Bill 2025 proposes significant amendments to the Income Tax Act, particularly regarding tax slabs, deductions, and compliance procedures. Under the new tax regime, the income tax ...

Vs Lakshmi Mobile Accessories (Kerala High Court) Kerala High Court addressed the issue of consolidated show-cause notices under th ...

The ruling underscores that any profit enhancement after book rejection should be fair and supported by material evidence. ITAT also clarified that this decision should not be considered a precedent, ...

In terms of the extant instructions, certain categories of Regulated Entities (REs) are not permitted to levy foreclosure charges/ pre-payment penalties on the floating rate term loans sanctioned, for ...

Investing in stock markets can be an exciting journey, and one of the best ways to get started is by participating in Initial Public Offerings (IPOs). When a company decides to go public, it offers ...

Given these violations, the Delhi HC quashed the reassessment order and notice, allowing the Revenue to proceed afresh only in compliance with legal procedures. The ruling reinforces procedural ...