Navasree A.M
Navasree A M, B.B.A., LL.B. (Hons), a lawyer with over 2.5 years of experience as a researcher and content writer at Taxscan, specializing in Indirect Taxes and Corporate Laws.
Directors Not Automatically Liable for Company’s Wrongful Acts without Direct Involvement: SC Rules in Favor of Tata Realty Directors [Read Judgment]
The Supreme Court has ruled that directors of a company cannot be held vicariously liable for wrongful acts unless there is clear evidence of their...
![Big Breaking: CIT(A) Allows 87A Rebate on Special Rate Incomes in Income Tax Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/CIT-Income-Tax-Rebate-Section-87A-of-the-Income-Tax-Act-Special-Rates-Income-Income-Tax-Appeal-Taxscan.jpg "Big Breaking: CIT(A) Allows 87A Rebate on Special Rate Incomes in Income Tax Appeal [Read Order]")
![ICMAI Issues Advisory Against Illegal Agitation by Members on Income Tax Bill Inclusion [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/03/ICMAI-Illegal-Agitation-Income-Tax-Bill-Inclusion-taxscan.jpg "ICMAI Issues Advisory Against Illegal Agitation by Members on Income Tax Bill Inclusion [Read Notification]")
![SEBI issues Circular on Regulatory framework for Specialized Investment Funds [Read Circular]](https://www.taxscan.in/wp-content/uploads/2025/03/Specialized-Investment-Funds.jpg "SEBI issues Circular on Regulatory framework for Specialized Investment Funds [Read Circular]")
NFRA to Select Audit Firms Handling Audits of Multiple Listed Companies for Next Phase of Inspection
The National Financial Reporting Authority ( NFRA ), is set to select and conduct a rigorous inspection of audit firms that handle large clients, particularly listed companies, in the next phase of...
50% Disputed GST Demand deposited in Wrong Head: Madras HC sets aside Matter on 10% Pre-deposit out of remaining 50% [Read Order]
The Madras High Court recently quashed a GST demand order, citing procedural lapses and violations of natural justice. Even though the 50% disputed tax was deposited in the wrong head, the court...
![50% Disputed GST Demand deposited in Wrong Head: Madras HC sets aside Matter on 10% Pre-deposit out of remaining 50% [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Disputed-GST-Demand-deposited-in-Wrong-Head-Madras-HC-Matter-Pre-deposit-taxscan.jpg "50% Disputed GST Demand deposited in Wrong Head: Madras HC sets aside Matter on 10% Pre-deposit out of remaining 50% [Read Order]")
GST Show Cause Notice uploaded Belatedly in Portal: Madras HC remands Matter for Fresh Consideration [Read Order]
The Madras High Court has set aside a GST ( Goods and Services Tax ) assessment order due to procedural lapses, including the belated upload of the show cause notice on the GST portal, which deprived...
![GST Show Cause Notice uploaded Belatedly in Portal: Madras HC remands Matter for Fresh Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Show-Cause-Notice-SCN-GST-portal-Taxscan.jpg "GST Show Cause Notice uploaded Belatedly in Portal: Madras HC remands Matter for Fresh Consideration [Read Order]")
GST Paid Voluntarily before Issuance of Demand Order: Madras HC Calls it Ex Parte, Sets aside Orders [Read Order]
In a recent ruling, the Madras High Court quashed GST (Goods and Services Tax) demand orders, terming them "ex parte." The court observed that the taxpayer had voluntarily paid the GST liability...
![GST Paid Voluntarily before Issuance of Demand Order: Madras HC Calls it Ex Parte, Sets aside Orders [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Madras-High-Court-GST-Demand-Order-Ex-Parte-taxscan.jpg "GST Paid Voluntarily before Issuance of Demand Order: Madras HC Calls it Ex Parte, Sets aside Orders [Read Order]")
ICMAI Seeks Inclusion of Cost Accountants in ‘Accountant’ Definition in Income Tax Bill, Writes to FM
The Institute of Cost Accountants of India ( ICMAI ) has written a letter to the Finance Minister Nirmala Sitharaman to include Cost Accountants in the definition of ‘Accountant’ under Section...
