Insights & Resources

New s. 74A in the CGST Act consolidates GST recovery, removing the distinction between fraud and non-fraud cases from FY 2024-25.

Delhi HC rules settlement from sweat equity share disputes as capital gains, not salary.

Maharashtra GST outlines new recovery guidelines post-first appeal, ensuring taxpayer compliance and easing legal burdens.

Explore how the PMLA, once a key legal tool, now risks misuse and overreach, deviating from its core anti-money laundering aims.

Supreme Court grants bail, emphasises right to speedy trial in PMLA case, marking a judicial shift.

Compounding of Offences under the Customs Act: A Mechanism for Efficient Dispute Resolution Introduction The compounding of offences offers

SC upholds acquittal in cheque bounce case, emphasising robust evidence over mere legal presumption.

Calcutta HC rules on PG liabilities, affirming non-exemption in debt shifts, upholding creditor rights under specified conditions.

Exploring how statements under CGST & Customs Acts challenge self-incrimination rights.

NCLT Kolkata holds that leasehold rights cannot be extinguished via resolution plans without adhering to due legal process under IBC.

West Bengal AAR rules that organising offline bridge tournaments does not qualify as 'specified actionable claims' liable for GST.

Delhi HC rules: A corporate debtor's assets are shielded from past liabilities once a resolution plan is approved, per s.32A of the IBC.

Supreme Court's verdict reinforces the strict interpretation of tax laws, excluding VAT from ‘purchase price’ in GVAT Act calculations.

SEBI issues new rules for AMCs to combat market fraud, enhancing surveillance and accountability.

ITAT Hyderabad clarifies that crediting revalued assets to partner accounts triggers capital gains under ITA's s. 45(4).

Explore RBI's draft for robust credit model risk management in financial institutions.

An analysis of how courts address natural justice and procedural compliance in GST cases, highlighting key taxpayer obligations and remedies

Ruling quashes tax reassessment due to flawed procedural compliance, underscoring legal adherence necessities.

Madras High Court rules that one-time discretionary compensation for loss in future accretion with respect to ESOPs is taxable as perquisite

ITAT finds no penalty warranted under s. 271D for cash transactions in property sales, highlighting the relevance of s. 269ST instead.