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Exemptions v. Deductions: Underlying Philosophy in Tax Laws
Exemptions exclude certain incomes from tax; deductions reduce taxable income. Explore their roles, benefits, and impacts in tax law.
May 23, 20249 min read
CCI Rejects Case Over Jurisdictional Limits: No Competition Law Violations Found
CCI clarifies its role, focusing solely on competition issues, not fraud or civil disputes.
May 23, 20243 min read
Forced Corruption: Unveiling Legal Defences for Those Compelled to Bribe
Forced to Bribe? Unveil Legal Defences & Insights from India's Prevention of Corruption Act. Stay informed on this evolving legal landscape!
May 20, 202411 min read
Debt Cannot Be Classified as a Loan in the Absence of a Contract or Agreement – NCLAT Delhi
Debt lacks the legal framework of a loan without a formal contract, rules NCLAT Delhi in Metamorphosis Trading LLP v. Sankalp Engineering.
May 20, 20243 min read
Significance of 'Fees for Included Services' in Indo-USA DTAA
Explore how 'Fees for Included Services' shape cross-border tax rules in our latest legal insight on the Indo-USA DTAA.
May 20, 20242 min read
PMLA Charges Persist Despite Approver Status in Predicate Offence: Bail Granted Due to Lack of Mens Rea and Procedural Compliance
Delhi HC grants bail in PMLA case, noting lack of direct involvement and mens rea.
May 20, 20244 min read
Legislative Precision: India’s BEPS Response and International Tax Reforms
India’s proactive BEPS response aligns tax laws with global standards, addressing digital economy challenges and fostering fair taxation.
May 19, 202411 min read
NCLT Approves Distribution of Not Readily Realisable Assets Among Stakeholders in Liquidation Case
ITAT Hyderabad clarifies that crediting revalued assets to partner accounts triggers capital gains under ITA's s. 45(4)
May 19, 20242 min read
Discrepancy Between Reasons in Notice Under S. 148A(b) and Order Under S. 148A(d) Renders Notice Ineffective and Mere Formality
HC upholds the need for consistent tax notice reasons to ensure fair taxpayer response.
May 18, 20243 min read
Coordinated Investigation and Administrative Convenience: Delhi High Court Upholds Centralization of Cases
Delhi HC upholds centralization of tax cases, highlighting the importance of coordinated investigation and administrative convenience.
May 18, 20244 min read
Investments into Foreign Funds: FEMA Implications
Navigate the complex terrain of outbound investments with our summary of FEMA and OI Rules for Indian residents investing in foreign funds.
May 18, 20243 min read
[AAR – Andhra Pradesh] Compensation Received in Respect of Liquidated Damages Was Taxable under the CGST Act
AAR ruled recovery of liquidated damages as taxable under the CGST Act, impacting contract penalties.
May 18, 20244 min read