Income Tax
Prem Prakash Gupta v. ITO – ITAT Jaipur Ruling on Turnover Definition for Stamp Vendors
Introduction
The concept of turnover under the Income-tax Act often appears straightforward, until it is applied to agency-based businesses. For licensed stamp vendors, where sales...
Income Tax
AI Hallucination in Court: ITAT Recalls Order Over Fake ChatGPT-Generated Case Laws in Buckeye Trust Tax Dispute
A recent tax tribunal order, hastily withdrawn after citing non-existent court judgments, has sparked concerns over the possible use of generative AI—a groundbreaking technology...
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GST
GST and E-invoicing: Transforming Business Compliance in India
The Goods and Services Tax (GST) regime has been a game-changer for the Indian economy, simplifying the indirect tax structure and promoting ease of...
Company Law and IBC
Empowering Insolvency Resolutions: NCLAT’s Landmark Ruling Reshapes MSME Dynamics and CoC Primacy in the IBC Landscape
Introduction:
In a significant judgment, the National Company Law Appellate Tribunal (NCLAT) has reaffirmed the paramount status of the Committee of Creditors (CoC) in the...
General
Taxpayer’s Delight: Clearing Small Demands, Easing Burdens!
On 1st February 2024, Finance Minister Nirmala Sitharaman announced during the interim budget the waiver of small outstanding demand under the Income Tax Act,...
Startups
Appointing a Nominee Director: Process for Start-up companies and SME companies.
Who is the Nominee Director?
A Nominee Director is a director in a company appointed by financial institutions, banks, or investors to represent their interests...
Finance
REITs and InvITs – Financing Urbanization and Infrastructure in India: A Comprehensive Insight
Picture this: you, the investor, have the power to own a slice of premiumreal estate or vital infrastructure projects without the hassle of propertymanagement...
Finance
SEBI EX-PARTE AD INTERIM ORDER AGAINST GROWPITAL PLATFORM: A CLOSER LOOK
INTRODUCTION
In recent months, the Growpital Platform has gained attention for its promises of lucrative investment opportunities in the agricultural sector, boasting tax-free assured returns...
Top News
Bollywood, Betting, and Billionaires: The Mahadev App Saga
The Enforcement Directorate (ED) had set the stage for a high-profile showdown, summoning Bollywood's elite, including Ranbir Kapoor, Shraddha Kapoor, and other luminaries, to...
Startups
RELIEF FOR STARTUPS IN INTERIM BUDGET 2024
On 1st February, Finance Minister Nirmala Sitharaman introduced the Interim Budget 2024 in Parliament. An important feature is the deadline for the incorporation of...
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