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ITC Reversal Under Rule 42 and 43: Why the GSTR-2B Auto-Reversal Formula Penalises Compliant Taxpayers for Vendor Defaults
Introduction The Goods and Services Tax (GST) framework in India, introduced on 1 July 2017, was built on the promise of seamless Input Tax Credit (ITC) flow across the supply chai
GST on Liquidated Damages: Supply of Service or Not? The Unsettled Jurisprudence After Safari Retreats
Introduction: Liquidated Damages and the Scope of “Supply” Under GST Few questions in Indian GST law have generated as much confusion at the field level as the one that seems d
The Applicability of Section 94 of the RFCTLARR Act, 2013 to Acquisitions under the Railways Act, 1989 for Infrastructure Intersections
Executive Summary The modernization of India’s infrastructure landscape frequently necessitates the intersection of linear projects, such as railway corridors crossing existi
Corporate Guarantees and Transfer Pricing – The Micro Ink Revolution
1. INTRODUCTION: THE GUARANTEE PRICING CONTROVERSY The Problem That Micro Ink Solved Pre-2016 Scenario: A multinational company (MNC) with Indian subsidiary structure: Parent compa
The Suo Moto Disallowance Trap – When Your Own Return Becomes Evidence Against You
1. INTRODUCTION: THE SELF-INCRIMINATION PARADOX The Core Tension There’s a peculiar paradox in Indian tax law: the more transparent and self-critical you are in your tax retu
The Satisfaction Note Doctrine in Income Tax Search Assessments: From Calcutta Knitwears to Jasjit Singh
A Comprehensive Legal Analysis of Procedural Safeguards, Judicial Safeguards, and Practical Implementation Under the Income Tax Act, 1961 Executive Summary: Key Takeaways on the Sa
Oil and Gas Land Rights: PNGRB Act, Pipeline ROW, and Exploration Licenses
Introduction India’s oil and gas sector operates within a complex legal framework that balances federal regulatory authority with state land rights, creating a multifaceted s
Power Sector Land Rights: Electricity Act 2003, Transmission Corridors, and ROW Management
Introduction The development of India’s electricity transmission infrastructure operates within a complex legal framework governing land acquisition and right-of-way (RoW) ma
SEBI (Bankers to an Issue) Regulations 1994: A Comprehensive Analysis
Introduction The Securities and Exchange Board of India (SEBI) enacted the Bankers to an Issue Regulations in 1994 to regulate the activities of banks that serve as collection and
SEBI Takeover Code 2011: Key Rules and Provisions
Introduction The SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, commonly known as the Takeover Code, provide rules for acquiring shares in listed Indian
