Conclusion: Penalty under section 271(1)(c) was not leviable as assessee had voluntarily disclosed a bona fide error in their ...

CIT (E) rejected the Trust’s request on the grounds that the receipts in the form of school bus fess, tuition fees & exam ...

Facing a GST credit denial notice due to a bogus supplier can be distressing for genuine businesses. By ensuring compliance with Section 16, maintaining proper documentation, and verifying supplier ...

In 2019, the Indian government took a significant step towards modernizing the country’s wage laws by introducing the Code on Wages, 2019. This single, unified code replaced the four major ...

The constitutional validity of lock-in clauses in employment contracts has emerged as a significant legal issue in India, balancing employer interests in workforce stability against employees’ ...

India’s labour landscape has undergone a significant transformation over the past few decades. With the rise of the service economy, expansion of the IT ...

While many taxpayers and professionals viewed the RCM on rent as a mere cash flow issue (with Input Tax Credit offsetting the liability), a closer look reveals its hidden cost: a higher late filing ...

Conclusion: Dealers registered under Value Added Tax Act (VAT Act), 2008 were duty bound to reverse or debit the input tax credit as prescribed under Section 13(6) of the VAT after the discontinuation ...

Supreme Court held that as per section 13 (7) of the Uttar Pradesh Value Added Tax Act, 2008 [UP VAT Act], input tax credit will not be allowed to a dealer with respect to the purchase of any goods ...

Indian corporations must follow a stakeholder-centric approach that guarantees transparent reporting, quantifiable effect, and participatory development if they are to go beyond compliance. Instead of ...

Legislation Governing Trade Unions in India The Trade Unions Act of 1926 The primary legislation that regulates trade unions in India is the Trade Unions Act of 1926. This act delineates the ...

Since deadlines to submit salaried returns are now approaching, we will talk about Section 115BAC of the Income Tax Act, 1961. I’ve observed that some deductions are allowed under the new regime. For ...