Insights & Resources

Forensic auditing is crucial in detecting corporate fraud in India, supporting legal cases and strengthening corporate governance.

The ITAT clarifies that partnership-to-company conversions are tax-neutral under Section 47(xiii) if statutory conditions are fully met.

SC sets aside previous ruling on the 1988 Act's sections 3 and 5, questioning their retrospective application in benami transactions.

CBIC clarifies Sections 16(5) & 16(6) of the CGST Act, extending ITC claim deadlines and detailing rectification procedures.

ITAT Mumbai quashes reassessment based on incorrect facts, underscoring legal standards for tangible evidence under the IT Act.

CBIC clarifies Section 128A of the CGST Act, detailing waiver eligibility, procedures, and guidelines for resolving tax demands efficiently.

The Kerala High Court invalidated GST Rule 96(10), which protected exporters' rights to IGST refunds on zero-rated supplies and en fairness.

CBIC clarifies 'as is, where is basis' for GST rate regularisation, offering relief to taxpayers while ensuring fairness in compliance.

The Supreme Court mandates States to revise prison manuals, eliminate caste-based discrimination, ensure equality, and protect dignity,

CBIC clarifies GST on services like education, transport, utilities; streamlines compliance, reduces ambiguities, and regularises payments.

Explore the evolving legal framework governing online gaming in India, addressing key issues like skill vs chance and taxation complexities.

Explore the key challenges the CCI faces in regulating competition law, addressing market dominance, and ensuring fair business practices.

The Supreme Court's ruling resolves the interplay between TOLA, FA21, and the IT Act, clarifying reassessment timelines and procedures.

The ITAT ruled that the CBDT Circular is prospective, rejecting Revenue’s bid for retrospective application in cases predating its issuance

The Supreme Court upholds CGST Act limits on ITC claims for construction, balancing tax neutrality with legislative intent in fiscal policy.

The Supreme Court granted bail in a PMLA case, citing the absence of a scheduled offence at the time of filing the complaint or chargesheet.

The Delhi High Court emphasised that PCIT must independently apply their mind while approving reassessments, rejecting mechanical approvals.

Delhi HC rules that employers cannot hold employees liable for TDS non-deposit, citing s. 205 of the Income-tax Act, 1961.

RBI proposes updated norms for banks, aiming to safeguard core operations from risk-heavy activities while enhancing investment flexibility.

Revised 2024 FEMA guidelines simplify the process for compounding contraventions, streamlining compliance and reducing legal risks.