The Central Board of Direct Taxes (CBDT) has maintained the applicability criteria of Income Tax Return (ITR) forms for Assessment Year (AY) 2024-25 as it […]
MCA’s Section 7 Amendment Proposal Reflects Legislative Intent
On January 18, 2023, the Ministry of Corporate Affairs released a consultation paper proposing amendments to the Insolvency and Bankruptcy Code, 2016. The proposed changes […]
Understanding Supply Chain Structures: Types, Strategies, and Models
The supply chain structure refers to the arrangement and pattern of various entities involved in the flow of goods and services from raw materials to […]
Understanding Tax Residency Rules in India
Tax residence is a critical concept in the Indian Income Tax Act as it determines the scope of tax liability for an individual or entity. […]
A Guide to the Procedural Framework of NCLT and NCLAT
The general procedures relating to the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) are specified in the NCLT Rules, 2016, […]
Top 25 Landmark Corporate Law Judgments of 2021
In a significant judgment, the Supreme Court ruled that borrowers do not have an inherent right to claim benefits under the One Time Settlement (OTS) […]
Understanding the Enforcement Mechanism of Security Interests by Banks under SARFAESI
Banks and financial institutions generally grant loans or credit facilities based on security. The security can take the form of a mortgage, hypothecation, pledge, or […]
High Court Revives GST Registration Based on Single-Signed Visit Note
The matter revolves around the cancellation and subsequent restoration of a Goods and Services Tax registration by the High Court. The case underscores the principles […]
Understanding the Debate: Business Setup vs. Business Commencement
The question of when a business can be considered as set up and when it is deemed to have commenced has been a matter of […]
MCA Introduces New Web-Based Form Replacing INC-22A from July 14, 2025
Form INC-22A, also known as the Active Company Tagging Identities and Verification form, was introduced as part of the Companies (Incorporation) Rules, 2014. It represented […]
Understanding the Audit of Revenue from Operations under AS 9
Accounting Standard AS 9 “Revenue Recognition” defines revenue as the gross inflow of cash, receivables, or other consideration arising in the course of the ordinary […]
Understanding the Recognition of “Fit-Out-Possession” under RERA
The concept of possession in real estate transactions is critical, as it marks the point at which the buyer can take physical control of the […]
Understanding Tax Modifications on Royalty and FTS Payments to Non-Residents
Royalty and fees for technical services (FTS) payments to non-residents are an important area of international taxation, involving cross-border transactions that attract withholding tax under […]
A Complete Guide to E-Way Bill Creation and Validity Rules
The e-way bill is an electronic document generated on a common portal which is required for the movement of goods in inter-state and intra-state transport, […]
Understanding Capital Gains Deduction: Insights from Madras HC on Section 48(i)
Capital gains tax is levied on profits arising from the transfer of a capital asset. The Income-tax Act provides various provisions for the computation of […]