The Banking Laws (Amendment) Bill 2024 proposes significant changes to bank deposit nominations, with the introduction of successive and simultaneous nominations. While these amendments aim to ...

Downstream Investment is an investment made by an Indian entity having FDI, into another Indian entity.

One of the most essential aspects of the MOA is the Clauses of Memorandum of Association, which set the limits inside which an enterprise can function. These clauses ensure that everyone sport ...

1.1 The issue in the case of Hexaware Technologies Ltd is whether the Jurisdictional Assessing Officer (JAO) can issue a reassessment notice to assess the taxpayer’s income that has escaped assessment ...

1.1 The purpose of a Reassessment is to assess additional income of a taxpayer that was overlooked during the original assessment. Such escaped income can only be taxed through a reopened assessment, ...

The appellant is an individual. He was issued a re-opening notice under section 147 of the Income Tax Act, 1961. The commission paid to various parties was sought to be disallowed and added to the ...

Our Take on The Decision of The Hon’ble Supreme Court in The Case of Safari Retreats Private Ltd.

Section 17 (5) (d) disallows claiming ITC for the construction of immovable property, except for “plant or machinery”. However, the Hon’ble Court introduced a broader interpretation of ‘plant or ...

Mineral Area Development Authority and Ors, the Supreme Court of India addressed review petitions challenging its earlier ...

Rajeev Bansal (Civil Appeal No. 8629 of 2024), the Supreme Court of India addressed the constitutional validity of the ...

CESTAT Kolkata held that penalty u/s. 114 of the Customs Act imposable on customs broker and intermediary with regard to non-compliance of their duty of fulfilling KYC requirement. Accordingly, ...

Hon’ble Delhi HC in the case of PCIT vs. Anuj Bansal has held that approval given u/s 153D has been granted in a mechanical manner and without application of mind and thus it is invalid and bad in law ...