GST
Rule 31D under GST: MRP-Based Valuation Explained (Effective 1 February 2026)
The GST valuation framework has witnessed a significant shift with the insertion of Rule 31D of the CGST Rules, 2017, notified vide Notification No....
Income Tax
Section 54 is about Intent, Not Brick-by-Brick Completion
Tax law often forgets one thing: real life doesn’t move at the speed of statutes.Construction approvals get delayed. Plans change. Timelines slip.
The Kolkata Bench...
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Company Law and IBC
How Binny Bansal lost DTAA protection despite moving abroad ?
The Income Tax Appellate Tribunal (Bengaluru Bench) rejected Binny Bansal’s claim of non-resident status for AY 2020–21, denying him benefits under the India–Singapore DTAA.
Despite...
Top News
How does ₹6 crore of foreign funds trigger ED action?
The Enforcement Directorate conducted searches on premises linked to an NGO run by climate activist Harjeet Singh and his wife.
The probe relates to foreign...
Income Tax
HUL’s ₹1,560 Crore Income Tax Demand
The income tax demand has been raised on Hindustan Unilever Limited, one of India’s most stable and closely tracked FMCG giants.
When a company...
Articles
5 Major GST Changes from 1st January 2026
The beginning of 1st January 2026 marks a critical compliance shift under GST laws in India. Several deadlines lapse on 31st December 2025, and multiple system-driven restrictions and consequences...
Company Law and IBC
Can a 29-year-old trademark be cancelled for “non-use” despite active commercial invoices?
This question was squarely examined by the High Court of Delhi while deciding a rectification petition under the Trade Marks Act, 1999.
Facts relating to...
Income Tax
A Familiar Fear: “If the Tax Credit is there… so where is the Income?”
Every taxpayer has faced this moment.
You open your Form 26AS, You see tax already deducted, And then comes the question from the department:
“If tax was deducted,...
GST
Why prices of Sin goods are rising: GST, Cess and the Real Impact on Consumers
In recent months, consumers across India have noticed a steady increase in the prices of sin goods such as cigarettes, tobacco and pan masala. This has...
Income Tax
Why Forgotten Income-Tax Demands Are Not Automatically Payable
Over the last few weeks, income-tax demands dating back 15–20 years have suddenly started appearing on the Income-tax portal.
As a Chartered Accountant, it’s important...
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