Karnataka High Court Rules: No GST on Liquidated Damages, Orders ₹5 Crore Refund
Karnataka High Court rules that liquidated damages are compensation, not a service, and not taxable under GST. Court orders ₹5 crore GST refund to assessee.
Curated legal news, case breakdowns, and workflow tips for fast-moving practitioners.
Showing 5 of 1084 articles.
Karnataka High Court rules that liquidated damages are compensation, not a service, and not taxable under GST. Court orders ₹5 crore GST refund to assessee.
Are digital wills valid in India? Courts still recognise only physical wills under the Indian Succession Act, leaving digital assets and crypto inheritance in limbo.
Bombay High Court rules that reinvesting proceeds from sale of an inherited property into multiple homes qualifies for Section 54 capital gains exemption.
ITAT Bengaluru rules meals, transport & courier expenses are not deductible under Section 48 while computing capital gains on NRI property sales.
SEBI cracks down on a fake research analyst misusing credentials. Learn SEBI registration rules, penalties for violations, and how investors can stay protected.