A guide to accounting for R&D in India under Indian GAAP and Ind AS 38. Learn the difference between research and development ...

Learn about third-party car insurance, a mandatory legal requirement in India. Understand its coverage, legal provisions, and ...

The Supreme Court of India ruled that presenting a cheque for its full amount after a partial payment was made does not constitute a Section 138 offense if ...

Explore how greenwashing undermines India's ESG framework. This summary examines regulatory gaps, legal challenges, and the ...

NCLT Delhi held that Fixed Deposit Receipts FDRs standing in the name of the Corporate Debtor constitute financial assets and ...

Understand the difference between a profession and a business for income tax purposes. Learn about special tax provisions for professionals like Section ...

The Madras High Court recently condoned a 288-day delay in a GST appeal, citing the taxpayer’s ill health and lack of notice. This ruling contrasts with a stricter Jharkhand High Court decision on a ...

The Mumbai Income Tax Appellate Tribunal quashes penalties for being time-barred and invalidates a reassessment notice, clarifying key tax law provisions on limitation and sanctioning ...

This case study examines if a GST officer can purchase goods to check for a tax invoice, demand a bill cancellation, and a refund, as per Section 67 of the CGST ...

The Rajasthan High Court condoned a 700-day delay in a charitable trust's filing, citing the president's severe illness and death, and highlighting the need for a liberal, equitable ...

This case study examines if a company can claim interest on assets and money seized by the Income Tax Department after an assessment is completed under the IT ...

The ITAT Cochin bench ruled that receiving cash for property at registration violates Section 269SS, overturning a prior ...