-
Supreme Court Rulings on the Admissibility of Writ Petitions When Statutory Remedies Exist
Overview of Writ Jurisdiction under Article 226Article 226 of the Constitution of India empowers High Courts to issue directions, orders, or writs, including writs such as habeas corpus, mandamus, pro...
-
Tiger Global Case: A Watershed Moment in India's Tax Treaty Jurisprudence
Comprehensive Analysis of Supreme Court's Landmark Ruling on Treaty Abuse and GAAR 1. Introduction and Factual MatrixThe Supreme Court of India, through a division bench comprising Justice J.B. Pardiw...
-
Adjudication of Penalty for Delay in CFO Appointment – Regional Director Corrects Excess Penalty Imposed by ROC
Background of the Casei) Introduction to the Company and Issue at HandM/s. Sutara Roads & Infra Limited, a company incorporated under the Companies Act, 2013 on 26th December 2015 and headquartered at...
-
Reassessment and Non-Speaking Assessment Orders
1. Introduction: Reassessment and Non-Speaking Assessment OrdersThe Income-tax Act, 1961, underlines the process and requirements for assessment and reassessment proceedings. A recurring issue is whet...
-
Impact and Continuity of Provisions: Transition from Income-tax Act, 1961 to Income-tax Act, 2025
The historic Income-tax Act, 1961, which served as India’s primary tax legislation for nearly sixty years, has been replaced by the Income-tax Act, 2025, effective from April 1, 2026. The transition i...
-
Comprehensive Regulatory Calendar: Statutory Deadlines and Compliance Updates for January 2026
As businesses enter the final quarter of the financial year 2025-26, the regulatory landscape for January 2026 presents a rigorous schedule of compliance obligations. This period is characterized by a...
-
Tax Compliance Calendar for January 2026: Income Tax and GST Obligations
The comprehensive tax compliance calendar for January 2026 presents a detailed overview of mandatory statutory obligations under the Income-tax Act, 1961 and the Goods and Services Tax framework. This...
-
SEBI’s Revised Framework for Related Party Transactions: Turnover-Based Thresholds and Enhanced Subsidiary Oversight
Introduction: Evolving Paradigms in Corporate Governance and RPT OversightThe Indian landscape of corporate governance has consistently faced challenges in regulating Related Party Transactions (RPTs)...
-
Evolution and Regulatory Landscape of Exchange Traded Funds (ETFs) in India: Opportunities, Hurdles, and Compliance
1. Introduction: The Rise of ETFs in IndiaExchange Traded Funds (ETFs) have transformed the Indian capital market environment by merging the diversification of mutual funds with the flexibility and li...
-
Evolution of Trust Taxation under the Income Tax Act, 2025 – A Comparative Overview with the 1961 Law
1. IntroductionThe Income Tax Act, 2025 represents a major overhaul of the direct tax landscape in India, replacing the six-decade-old Income Tax Act, 1961. Its primary objective is to simplify, moder...
-
Taxation of Capital Gains for Charitable Trusts: Comparative Analysis of Income Tax Act, 2025 and Income Tax Bill, 2025—Key Impacts and Practical Insights
OverviewCharitable trusts and the treatment of capital gains have long been a focal point in Indian tax jurisprudence, given the interplay between exemptions and the legal structure governing trusts....
-
A New Era in Indian Maritime Law: The Merchant Shipping Act, 2025 and Its Impact on Maritime Regulation
1. OverviewThe Merchant Shipping Act, 2025 (MSA) signifies a transformative shift in India’s maritime legal landscape, replacing the Merchant Shipping Act, 1958. This modern legislation is crafted to...
-
Perspective on GSTR-9 and GSTR-9C: Evaluating the Necessity of Annual GST Compliances
Overview and Legislative FoundationSection 44 of the Central Goods and Services Tax (CGST) Act establishes the statutory basis for the annual return (GSTR-9) and the reconciliation statement (GSTR-9C)...
-
GST Implications on Hostels and Paying Guest Accommodations: Recent Legal Developments and Practical Insights
Background and Evolution of GST on Hostel and PG Accommodation(i) Introduction and Revenue’s PositionThe applicability of Goods and Services Tax (GST) on services offered by hostels and paying guest (...
-
In-Depth Guide to GST and Regulatory Compliance on Corporate Guarantees Among Related Entities
1. Introduction to Corporate Guarantees in Group CompaniesCorporations frequently deploy corporate guarantees to safeguard group interests and enhance creditworthiness within group entities. This guid...
-
Guidance on Reporting ITC Reclaimed in FY 2024–25 for the Same Financial Year in GSTR-9
1. Introduction and ScopeThis article provides a comprehensive overview on how Input Tax Credit (ITC) that is claimed, reversed, and then reclaimed within the same financial year (FY 2024–25) must be...
-
Understanding Section 160 of Companies Act, 2013: Directorship Candidature Unveiled
Overview: The Role of Section 160 in Corporate DemocracySection 160 of the Companies Act, 2013 plays a vital role in enhancing corporate governance by facilitating open and transparent board appointme...
-
Annual Return Filing Under Revised Small Company Definition: Distinguishing Between MGT-7 and MGT-7A
Introduction The Ministry of Corporate Affairs (MCA) has amended the definition of a "Small Company" under the Companies Act, 2013, effective from 1st December 2025. The revised thresholds specify a p...
-
Revised PAS-6 Compliance Requirement for Companies Newly Classified as Small Companies
Introduction to Revised Definition of Small Companiesi) Overview of MCA NotificationThe Ministry of Corporate Affairs (MCA) has recently updated the financial criteria for classifying a “Small Company...
-
A Comprehensive Review of the Health Security se National Security Cess Bill, 2025: A New Approach to Targeted Fiscal Policy
Introduction: Evolving Fiscal Priorities in Indirect TaxationThe Health Security se National Security Cess Bill, 2025 ushers in a notable change in India’s indirect tax regime, especially as the GST C...