NCLT Mumbai held that the Advance received by the Corporate Debtor against future supply of goods is an Operational Debt.

ITAT Raipur held that time period of 7 days provided to the assessee company to revert back to show cause notice was unreasonably short, and thus, violative of principles of natural justice.

Treaty-based protections for foreign investors, rooted in International Investment Agreements (IIAs) like Bilateral Investment Treaties (BITs), are undergoing ...

By opting for the scheme, the professional gets the following benefits: Income of the professional opting for the scheme will be computed on presumptive basis, i.e. @ 50% of the total gross receipts ...

The Constitution 101st Amendment defined goods and services tax as a “tax on supply of goods or services or both”, per Article 366 (12A). The plain meaning of “supply of goods or services” is supply ...

Ultra Vires, and Void under Articles 246A, 366(12A), and 265 : The Kerala High Court, 11th Day of April 2025. The Kerala Hi ...

This appeal has been filed by the assessee, challenging the order of the learned Commissioner of Income Tax (Appeals)-54, Mumbai (‘ld.CIT (A) for short), passed u/s.250 of the Income Tax Act, 1961 ...

The GST Network (GSTN) has rolled out Phase-III reforms to Table-12 of GSTR-1 and GSTR-1A to streamline HSN-wise summary reporting and minimize errors and misclassification. These changes are ...

The Tribunal noted that although the assessee was not present during the hearing, it proceeded to decide the matter based on the record and arguments presented by the Departmental Representative. It ...

Taxation of Mutual Fund Gains Under India-Singapore DTAA: In a significant ruling, the Mumbai ITAT held that capital gains earned by a non-resident (Singapore tax resident) from the sale/redemption of ...

In this Flash editorial, the author begins by referring to the provisions of the Companies Act, 2013 read with all the Amendment Acts and rules mentioned there till March 2025. Further, author has ...

Tax Transparency is definitely a solution because tax avoidance by using the method of “Double Irish and Dutch Sandwich Strategy” has impacted globally. “The Double Irish with a Dutch Sandwich” is a ...