High Court ruled that a protest deposit must be considered toward the statutory 10% pre-deposit. The dismissal of the appeal for non-compliance was set ...

Tribunal held that earlier expense disallowances were excessive and reduced them to 10% of turnover. The ruling emphasizes that lack of supporting documents justifies estimation but requires ...

Explains how GST notices arise from transaction mismatches while Income Tax notices stem from income discrepancies and AIS/TIS data. Highlights the importance of timely responses and accurate ...

The Tripartite Agreement Trap When Banks Lose Financial Creditor Status in Real Estate Insolvency This case memo discussed the ruling of the Hon’ble NCLAT ...

Explains how the Court ruled that IGST on ocean freight under RCM was illegally collected and must be refunded with interest. Key takeaway: the government cannot retain money collected without ...

Explains how recent Supreme Court and NCLAT rulings now treat valuation as a quasi-judicial process, requiring strict methodology, independence and defensible ...

Explains SEBI’s 2025 reforms enabling AIFs to use CIV schemes instead of CPMs, reducing compliance duplication and simplifying co-investment ...

CA students must master Excel, Power BI, cloud accounting, and automation tools to stay competitive and meet modern ...

The ITAT determined that the tax department failed to adhere to the statutory deadline for issuing a Section 148 notice, making the reassessment jurisdiction invalid from the start. The ruling ...

Breaks down the RBI’s decision allowing silver as collateral, the LTV structure, and borrower protections under the new secured lending ...

Explains how FEMA permits NRIs and OCIs to invest in partnership firms, the conditions for repatriation, prohibited sectors, and mandatory compliance ...

The Tribunal examined the validity of assessments initiated under Section 153C where the Assessing Officer recorded a single ...