Debarment of Audit Firms – An Unwarranted Practise

Ayushi Agarwal  Introduction In order to understand the reason why auditors and audit firms are the first target in any financial fraud, it is first important to know what auditing really is. Audit is defined as “an independent examination of financial information of an entity whether profit making or not, and irrespective of its size…

Scrapping of Retrospective tax laws by Taxation Laws (Amendment) Bill, 2021

Priyansha Gupta, a fourth year law student at Jaipur National University, Jaipur, discusses the need and elimination of retrospective laws of Taxation which came into force in 2012. It comprises of the history of this law, why this law was enforced at that time, was it the right decision or not.

She also discusses the neccesity of this law at present time and its after effects for betterment of India financially.

Banking Ombudsman – Redressal for customer complaints

Kritika Mundra, a final year B.COM LL.B.(H) at Amity University Kolkata, writes on the establishment of an ombudsman in the banking sector in order to resolve the complaints of the customers in a speedy and a time bound manner. The Banking Ombudsman (BO) Scheme was set up by the Reserve Bank of India (RBI) in 1995 to give fast answers for complaints looked at by bank clients. She also discusses the present Banking Ombudsman Scheme of 2006.


Atmakuri Srivalli, a 5th year law student from Symbiosis law School Hyderabad, attempts to evaluate the intricacies of zero rated supply and the way forward with zero rated supply under the GST regime.

Face to Faceless-: Understanding the Challenges to the new tax scheme

Ansh Kumar and Arunabh Rajan, students of Gujarat National Law University, analyzed the process of assessment and tried to establish how is the scheme problematic and against the principles of Natural Justice, we have also highlighted the present judicial trend and behavior in regards to the scheme in the conclusion part.