Posted inTaxation and Legal Insights
Paradox of Permanence: Why Bolted Telecom Towers Remain ‘Movable’ Under GST
Discover why India's bolted telecom towers are legally 'movable' under GST, safeguarding billions in tax credits for telcos.
Posted inTaxation and Legal Insights
Inside India’s Working Capital Audits: How Banks Validate Stock and Receivables to Prevent NPA Surge
Learn how Indian banks use working capital audits to validate stock and receivables, preventing an NPA surge and managing credit risk effectively.
Posted inTaxation and Legal Insights
Madras High Court Rules Assessing Officers Cannot Override Taxpayer Options Under Section 36(1)(vii-a)
Madras High Court affirms taxpayers' exclusive right to bad debt deductions under Section 36(1)(vii-a), preventing officers from overriding choices.
Posted inBlog
Judicial Ruling Restricts Customs Authorities from Using Unverified Statements as Evidence
On May 21, 2026, a landmark judicial ruling in New Delhi redefined the evidentiary standards for customs disputes in India, establishing that investigative statements cannot be admitted as evidence without…
Posted inTaxation and Legal Insights
ITAT Reaffirms Opening Balances Cannot Be Taxed Under Section 68
The Income Tax Appellate Tribunal (ITAT) has delivered a landmark ruling reaffirming that tax authorities cannot tax opening balances carried forward from previous years under Section 68 of the Income…
Posted inTaxation and Legal Insights
High Court Quashes Tax Assessment Order Over Faulty Email Communication
High Court voids a tax assessment order due to faulty email communication, stressing fair hearing rights against digital automation errors.
Posted inBlog
Appellate Tribunal Rules on Decade-Long Tariff Dispute Between Damodar Valley Corporation and Jharkhand Regulator
In a major regulatory development for the Indian power sector, the Appellate Tribunal for Electricity on May 18, 2026, issued a landmark judgment in a decade-long dispute between the Damodar…
Posted inBlog
Chandigarh Consumer Commission Rules Against Omaxe Over Project Delay in New Chandigarh
Chandigarh Consumer Commission rules against Omaxe for significant project delays, offering relief to a homebuyer in New Chandigarh.
Posted inBlog
Indian Liquor Giants Challenge State Monopoly in Landmark Competition Commission Appeal
Indian liquor giants challenge Kerala's state monopoly in a landmark appeal, aiming to dismantle discriminatory procurement and open the market.
Posted inBlog
Joint and Several Liability Restored: Consumer Commission Rectifies Crucial Clerical Error in Decade-Old Dispute
A consumer commission rectified a clerical error, restoring joint and several liability in a decade-old dispute and ensuring consumer compensation.