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Impact of IFRS 18 on Financial Reporting: Analysis and Implementation
Explore how IFRS 18 reshapes financial reporting with new standards for clarity and investor insight, effective from 2027.
Apr 15, 20243 min read
Delhi High Court Upheld Reverse Charge Mechanism: No Inherent Right to Input Tax Credit
Delhi HC's decision clarifies: GST's reverse charge bars inherent claim to ITC, setting a vital precedent.
Apr 15, 20244 min read
Challenges of Parallel Proceedings in GST Enforcement
Navigating the complexities of dual GST investigations, a recent court ruling highlights the need for streamlined authority coordination.
Apr 15, 20243 min read
NCLAT Holds That the Tribunal Has the Power to Recall but Not to Review Its Own Judgment
Explore how NCLAT distinguishes between recall and review powers, affirming strict limits on tribunal interventions.
Apr 14, 20244 min read
Companies Act v. Stamp Act: Supreme Court’s Verdict on Stamp Duty on Increased Share Capital
SC's ruling redefines stamp duty on share capital, clarifying the supremacy of the Companies Act over the Stamp Act.
Apr 13, 20244 min read
Supreme Court Quashes Criminal Proceedings in Cheque Dishonour Case After Full Compensation
SC quashes cheque dishonour case, highlights civil vs. criminal liabilities, and redefines consent in compounding offences under NI Act.
Apr 13, 20244 min read
Assessee's Choice Prevails: Delhi High Court Upholds Right to Select Valuation Method
Delhi HC rules: Assessing officers can't override the valuation method chosen by assesses, reinforcing taxpayers' rights.
Apr 12, 20242 min read
Legal Implications of CIRP: Agency Duties and Corporate Debtor Responsibilities
Explore how agency roles affect CIRP outcomes in the Mukund Rajhans case—a pivotal legal study on corporate debt and insolvency.
Apr 12, 20242 min read
Ensuring Jurisdictional Compliance: Bombay High Court's Decision on NRI Tax Assessments
HC clarifies tax jurisdiction, safeguarding NRI taxpayer rights against improper AO assessments.
Apr 11, 20242 min read
Bombay High Court’s Ruling on IBBI’s Circular: Safeguarding Due Process and Clarity in LP Regulations
Bombay High Court rules on IBBI’s Circular, safeguarding due process in LP regulations.
Apr 11, 20244 min read
[SC] Guarantors Failing to Pay Invoked Guarantees Barred From Filing Claims as Financial Creditors
The Supreme Court: Guarantors with unpaid guarantees cannot claim as financial creditors under the IBC.
Apr 10, 20244 min read
Madras High Court Sets Aside Assessment Order for Exceeding Scope of Initial Notice
MHC annuls a tax order that exceeds its original scope, emphasizing fair legal process and precise tax application.
Apr 10, 20242 min read