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Jun 30, 20244 min read
Legal Rigour in Economic Offences: Bombay HC Examines the Continuing Offence & Threshold for Bail under PMLA
Bombay HC underscores strict enforcement against money laundering, denying bail due to ongoing criminal risks.
Jun 27, 202410 min read
Challenges in Implementing Faceless Assessment Under the Income-Tax Act, 1961
Explore the nuanced hurdles of the FA scheme—unveiling the clash with natural justice and the quest for improved taxpayer interaction.
Jun 26, 202412 min read
Deception and Violence: A Tale of Two Types of Crime
Explore the unique impacts of economic v. violent crimes, unveiling their distinct motives and societal consequences.
Jun 24, 20244 min read
ITAT Upholds High Sea Sales Transactions as Non-Speculative: Confirms Business Loss Set-off Against Interest Income
ITAT rules high sea sales as non-speculative, affirming business loss offsets against interest.
Jun 23, 202428 min read
Decoding Term Sheets – The Blueprint of Startup Investments
Explore the essentials of term sheets with insights on how they steer startup investments and shape future growth.
Jun 23, 20243 min read
Madras High Court Denies Jurisdiction Under A. 226 Due to Non-Compliance with S. 65B of the Indian Evidence Act
Madras High Court rules on digital evidence mismanagement, directing appeal for procedural lapses.
Jun 22, 20243 min read
ITAT Rules Out Additions to Completed Assessment Years in the Absence of Incriminating Evidence
ITAT confirms no tax additions without incriminating evidence, even for statements recorded under s.132(4).
Jun 22, 20244 min read
DCF Method for OCPS Valuation Validated: ITAT Rejects Excess Premium Addition for Shares Issued to Holding Company
ITAT upholds DCF method for OCPS, dismissing Revenue's appeal on excess premium taxability under s. 56(2)(viib).
Jun 19, 20247 min read
Automation of Due Diligence in Mergers & Acquisitions: Is It Possible?
Explore how AI streamlines M&A by rapidly analyzing data, ensuring precision, and cutting costs in due diligence processes.
Jun 19, 20244 min read
ITAT Clarifies Valuation Principles for Non-Cumulative Redeemable Preference Shares
ITAT decision highlights expert valuations' critical role in fair share pricing disputes, setting rigorous evidential standards for AOs.
Jun 17, 202413 min read
Resolving GST Return Mismatch: Strategies for Compliance and Correction
Explore effective techniques to correct GST mismatches, ensuring accurate tax reporting and streamlined compliance.
Jun 17, 20243 min read
A Double-Edged Sword for Appellate Tribunals: Kerala HC Rules that Non-Prosecution Is No Ground for Dismissal
Kerala HC mandates ITAT to consider appeals on merits, enhancing fair adjudication.
Jun 17, 20242 min read
CCI Rejects Cartel Allegations on Price Manipulation in Gujarat Ship Recycling
CCI clears firms in Gujarat of cartel claims, emphasizing robust market competition and legal scrutiny.
Jun 15, 20244 min read
GAAR Prevails Over SAAR: Telangana High Court Reaffirms Substance Over Form in Tax Avoidance Cases
Telangana HC rules: Tax schemes must show real economic activity, not just legal formality.
Jun 15, 20245 min read
SEBI Issues Comprehensive Master Circular for Research Analysts to Streamline Regulations
SEBI's new circular empowers Research Analysts, ensuring robust market compliance and investor protection.
Jun 15, 20244 min read
Karnataka High Court: Retrospective Application of the Black Money Act Under A. 20 of the Constitution
Karnataka HC protects citizens from retroactive tax laws, upholding justice and constitutional integrity.
Jun 15, 20243 min read
[Madras HC] No Embargo on the Inspecting Officer to Issue SCN and Adjudicate the Matter under the GST Act
Madras HC rules proper officers under GST can issue SCN and adjudicate disputes, dismissing bias claims in Rasathe Garments case.
Jun 15, 20244 min read
Applicability of S. 202 of the CrPC in Summoning an Accused Residing Outside the Territorial Jurisdiction of the Court
Allahabad HC clarifies s. 202 CrPC's scope in cross-jurisdictional summoning cases.
Jun 14, 20248 min read
Navigating Personal Insolvency: Transformative Insights into India’s Legal Landscape
Explore the transformative impact of the IBC on personal insolvency in India, unveiling a structured path for individual debtors.
Jun 14, 20242 min read
RBI Enhances Bulk Deposit Limits
RBI's new rule boosts deposit thresholds, aiding banks in managing larger assets and enhancing liquidity.