In a recent order passed by the Bombay High Court in the case of Vedanta Ltd. v. Union Of India, the operation of Circular No. 204/16/2023-GST, dated 27-10-2023 declaring corporate guarantee by parent ...

The ITAT allowed the assessee’s appeal, permitting the carry forward of the business loss of Rs. 16,96,486/- to subsequent years. This decision clarifies the interplay between the Limited Liability ...