India's Recent Legal and Tax Updates
Recent legal and tax-related news in India includes court orders on GST, income tax additions, reassessment notices, and company law penalties.
Background
India's legal and tax systems are undergoing continuous evolution, with ongoing debates and reforms impacting businesses and individuals. Key actors include the Indian government, judiciary, and various regulatory bodies. These changes are significant for India's economic landscape and governance.
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Legal and Tax Updates in India
First report 4h agoLast update 4h agoA composite show cause notice under Section 74(1) for multiple periods has been deemed invalid by the Kerala High Court.
An addition under Section 68 for bogus purchases was deleted by the ITAT because no credit entry was found in the books.
Reopening of assessment was deemed invalid by the Bombay High Court due to the initial notice lacking foundational facts.
The ROC imposed a penalty on a company and its directors for failing to maintain unsigned minutes.
A discussion questions whether statutory labels in Sections 135A and 148A can displace the right to be heard.
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