Raj Surendra Mohan Hajela before ITAT Pune concerns the denial of Foreign Tax Credit (FTC) due to a delay in filing Form 67. The assessee, a tax resident of both India and the USA, claimed FTC of ...

The High Court ruled that Section 50C applies only to the transferor of land and not to those with rights in land. Since Namaste Exports Ltd. was the transferor, the court held that Section 50C was ...

The Gauhati High Court recently ruled on a case involving Pallab Kumar Pandit, a contractor working with the Assam Public Works Department, who challenged the cancellation of his GST registration. The ...

Gauhati High Court heard a writ petition filed by Bhupinder Pal Singh, a business owner providing “Pandal or Shamiana Services,” challenging the cancellation of his GST registration. His registration ...

1. Learned counsels for parties are ad-idem that the challenge which is raised to the Show Cause Notice [ „SCN‟] in this writ petition would be governed by the decision rendered in DLF Home Developers ...

Per Ind AS 115, “Revenue from Contracts with Customers”, the revenue recognition process is structured into the following five key steps: Identifying performance obligations (PARA 22 to PARA 45) ...

– Information Technology Act, 2000: This act, along with the Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011, forms the ...

As mentioned in the clause 121 of the finance bill, 2025 the amendment is proposed in sub-section (2) of Section 34 of the CGST Act, 2017. Let us have a look at the sub-section (2) of Section 34 of ...

In real estate transactions, the gap between circle rate and market value can lead to cash transactions, black money involvement and increasing the risk of tax evasion. To address this, the government ...

Maritime governance refers to the capacity to enforce the framework of laws, regulations, policies, and institutions that establish “good order at sea.” This includes managing maritime zones, ensuring ...

Inorganic growth refers to the expansion of a business through external activities such as mergers and acquisitions (M&A). This article explores the concept of inorganic growth, highlighting its ...

National Company Law Tribunal (NCLT) in Delhi has dismissed an application filed by Anil Syal, seeking discharge under Section 138(1) of the Insolvency and Bankruptcy Code (IBC). The NCLT ruled that ...