In a significant judgment, the Uttarakhand High Court has ruled that any orders passed under Rule 96(10) of the CGST Rules, 2017 after its omission on October 8, 2024, are invalid due to the absence of a saving clause. This …
In a significant step toward enhancing the digital infrastructure of financial services and combating money laundering, the Department of Revenue under the Ministry of Finance has officially permitted five prominent Non-Banking Financial Companies (NBFCs) to conduct Aadhaar-based authentication. This authorization …
In a significant move to streamline tax administration, the Income Tax (I-T) Department has set an ambitious goal to resolve over 2 lakh tax disputes, involving a disputed amount of ₹10 lakh crore, at the first appeal level during the …
The Union Government informed the Supreme Court that the scope of review petitions challenging the Vijay Madanlal Choudhary judgment—which upheld key provisions of the Prevention of Money Laundering Act (PMLA), 2002—must be confined to two specific issues flagged during the admission stage. …
In a significant ruling, the Delhi High Court has declared a reassessment notice issued under Section 148 of the Income Tax Act as invalid, citing non-compliance with the mandatory provisions of Section 151(1) of the Act. The judgment was delivered in …
In a significant judgment impacting GST compliance, the Telangana High Court has ruled that unsigned GST showcause notices and demand orders are invalid and unenforceable under law. A two-judge bench comprising Acting Chief Justice Sujoy Paul and Justice Renuka Yara delivered …
Introduction to Summary Suits under Order 37 CPC Summary suits, governed by Order XXXVII of the Code of Civil Procedure (CPC), provide a fast-track litigation mechanism for cases involving liquidated demands, promissory notes, bills of exchange, and written contracts. This procedure helps …
Chartered Accountants and legal experts seek relief for procedural lapses under Registrar of Firms regulations In a significant move aimed at supporting the ease of doing business in Maharashtra, a group of chartered accountants and legal professionals—operating under the BJP …
In a significant tax ruling, the Chhattisgarh High Court has held that a bona fide belief combined with the genuineness of a transaction constitutes a valid “reasonable cause” under Section 273B of the Income Tax Act, 1961, thereby preventing the …
In recent times, a disturbing trend has emerged across India — individuals with no involvement in business or taxation are receiving hefty GST notices. From daily wage workers to Non-Resident Indians (NRIs), many innocent citizens are being dragged into legal …
As the Income Tax Return (ITR) filing season for Assessment Year (AY) 2025-26 approaches, taxpayers across India are gearing up to gather essential documents like salary slips, bank interest certificates, Form 16, dividend statements, and other income-related records. While timely …
To file a money recovery suit, you’ll need evidence demonstrating the debt and the obligation to repay. This can include contracts, receipts, bank statements, or any other document proving the money was lent or owed. Essentially, you need to establish that the …
In a significant move to enhance transparency and accountability in the indirect taxation system, the Central Board of Indirect Taxes and Customs (CBIC) has issued a strong directive to all Goods and Services Tax (GST) field formations across India. This …
The Securities and Exchange Board of India (SEBI), India’s capital markets regulator, has proposed a significant amendment to its IPO framework, aiming to strengthen transparency and reduce risks associated with physical shareholdings. In a recent consultation paper, SEBI suggested that …
In a significant ruling, the Delhi High Court has dismissed the writ petition filed by Vijay and Company, thereby confirming the ₹35 lakh GST liability imposed under Section 73 of the CGST/DGST Act. The court rejected the plea to quash the adjudication order, …
In a significant judgment reinforcing procedural compliance under GST laws, the Allahabad High Court has quashed the assessment and subsequent appellate orders against M/S Xestion Advisor Private Limited, a management consultancy firm, due to the failure of tax authorities to issue a mandatory notice …
The Central Government informed the Supreme Court that it does not differentiate between games of skill and games of chance when it comes to the application of Goods and Services Tax (GST) on online gaming. According to the Centre, all …
In a significant ruling, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Delhi, has clarified that the over-the-counter sale of food and beverages within cinema complexes does not attract service tax. The tribunal emphasized that such transactions are primarily …
In a significant judgment, the Supreme Court of India has reaffirmed that granting bail is the norm, even in cases involving alleged offences under Section 132 of the Central Goods and Services Tax (CGST) Act, 2017, unless there are extraordinary circumstances justifying denial. The …
In a significant judgment, the Himachal Pradesh High Court has ruled that workers engaged under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA), 2005, are not covered under the Employees’ Compensation Act, 1923. This decision affirms that such workers …