A summary of the current Indian economy's landscape, detailing its strengths, including a young workforce, strong service sector, and market growth, alongside weaknesses like low R&D funding, high ...

Excessive tax deductions trigger audits when claims are disproportionate to income, lack documentation, or mismatch AIS data. Taxpayers face scrutiny if claims are ...

Section 74A of the CGST Act consolidates tax demand provisions from FY 2024-25, changing look-back periods and extending time for taxpayers to settle demands with reduced ...

The Carriage of Goods by Sea Act, 2025 and Bill of Lading Act, 2025 mandate carrier due diligence, set liability limits, and clarify rights of consignees regarding Bills of ...

ITAT Mumbai quashes PCIT’s S. 263 revision against Colgate Palmolive, holding PCIT cannot disregard binding Coordinate Bench order based merely on Supreme Court appeal ...

ITAT Delhi quashed Balaji Metal Tech's assessment, ruling it void due to mechanical approval, wrong section use (143(3) instead of 153C), and failure to mention DIN in the ...

Missing the ITR due date u/s 139(1) mandates the use of the new tax regime, as the option to choose the old regime or file Form 10−IEA is ...

SEBI has shifted AIF co-investments from the CPMS route to new Co-Investment Vehicle (CIV) Schemes under AIF Regulations, simplifying structure and reducing costs for accredited ...

NCLT Chennai held that application u/s. 10 of the Insolvency and Bankruptcy Code admitted for initiation of Corporate ...

Electric car adoption in India is slowed by high costs, primarily driven by expensive, imported lithium-ion batteries and a ...

NFRA's Series 4 focuses on auditor-Audit Committee communication regarding Ind AS 36 (Impairment) and SA 540 (Accounting ...

This Customs, Excise and Service Tax Appellate Tribunal (CESTAT) notification, effective from November 15, 2025, mandates the online filing of all new and ...