The Delhi High Court set aside reassessment under section 147 of the Income Tax Act, 1961 triggered based on the change in opinion about the nature of the transaction. Shourya Estates Pvt Ltd, the petitioner

In the ever-evolving landscape of taxation, organisations are constantly seeking innovative solutions to enhance efficiency, accuracy, and compliance in their tax management processes. One such groundbreaking technology that has emerged as a game-changer is Robotic

The Delhi High Court set aside reassessment under section 147 of the Income Tax Act, 1961 triggered based on the change in opinion about the nature of the transaction. Shourya Infrastructure Pvt Ltd, a challenge

The Central Government Ministry of Commerce and Industry has notified an amendment to the Special Economic Zone (SEZ) Rules by way of the  Special Economic Zones (Fifth Amendment) Rules, 2023. Read More: Ministry of Commerce

The Central Government Ministry of Commerce and Industry has notified an amendment to the Special Economic Zone (SEZ) Rules by way of the  Special Economic Zones (Fifth Amendment) Rules, 2023. The new amendment outlines the

The Mumbai bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) granted relief to the Tata AIG by quashing the denial of service tax credit of approximately 7 crores on the grounds of

The Bombay High Court set aside the reassessment proceedings alleging escapement of income on the transfer of leasehold rights. Peoples Education Society Thane, the petitioner is a charitable trust registered under the Bombay Public Trust

In a major relief to Jindal Steel and Power, the Supreme Court has upheld the computation of market value of electricity for deduction under Section 80IA of the Income Tax Act, 1961. The issue at

In a recent development, the Kerala High Court overturned a previous ruling by a Single Judge that had granted the Enforcement Directorate (ED) permission to issue fresh summons to Dr. T.M. Thomas Issac, former Finance

The National Financial Reporting Authority (NFRA) has debarred two auditors of Dewan Housing Finance Ltd (DHFL) for 5 and 10 years respectively over audit lapses. NFRA is an autonomous regulatory body in India that oversees

INTRODUCTION The effects of state taxation and economic incentives on companies and individuals have been the subject of extensive writing. The consequences of these occurrences on decisions related to corporate mobility are among the concerns

INTRODUCTION A progressive tax involves a tax rate that increases (or progresses) as taxable income increases. Lower tax rates are imposed on low income earners and higher tax rates on high income earners. This is

In 2016, the Indian Government demonetised Rs.500 and Rs.1,000 notes, creating havoc in the entire country. It was a joint decision of the authorities along with the Reserve Bank of India (RBI) in order to fight corruption, black marketing

The Kolkata Bench of the National Company Law Appellate Tribunal (NCLT) recommended investigation against the liquidator on failure to comply with Regulation 45 of the Liquidation Regulations. The instant petition wass filed under Section 54

The New Delhi Bench of the National Company Law Tribunal (NCLT) ruled that an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) cannot be initiated against a struck-off company. The application