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ITAT, Delhi Holds That Immunity From Imposition of Penalty Is Not Available in the Case of Misreporting
The ITAT Delhi dismissed the appeal, upholding a 200% penalty on misreported income and rejecting immunity under s. 270A.
Jul 20, 20243 min read
Tax Authorities Must Adhere to IBC Procedure During Liquidation: NCLAT Firmly Affirms
NCLAT rules Income Tax Dept must follow IBC rules in liquidation cases.
Jul 20, 20244 min read
CCI Clears Procurer of Cartelisation and Dominance Abuse Allegations in Tender Criteria
CCI finds no evidence of collusion or abuse of power in tender specifications.
Jul 20, 20243 min read
Reassessment Without Independent Inquiry Quashed: P&H High Court Clarifies Boundaries Between ED & IT Department
P&H High Court rules on tax reassessment, highlighting need for evidence and clear authority boundaries.
Jul 20, 20244 min read
Right of Cross-Examination Under GST - When Does It Accrue?
Explore when the right to cross-examine under GST accrues and its significance in ensuring justice and procedural fairness.
Jul 19, 20246 min read
The Conundrum of Concurrent Jurisdiction and S. 6(2)(b) of the CGST Act
Exploring s. 6(2)(b) of the CGST Act to prevent dual jurisdiction issues in GST enforcement and tax proceedings.
Jul 17, 202411 min read
Arvind Kejriwal v. ED: Supreme Court Mandates Judicial Review of ED Arrests under PMLA
SC affirms the need for judicial review of PMLA arrests, emphasizing fairness and evidence-based scrutiny.
Jul 17, 20247 min read
[Supreme Court] No Modifications Are Permitted in the Resolution Plan Once It Is Approved by the CoC and NCLT
NCLT upholds IBC norms; bars resolution plan changes post-approval by CoC and Tribunal.
Jul 17, 20244 min read
Supreme Court Refuses to Interfere in High Court’s Rationalisation of Pandemic Delays in TDS Deposits
SC upholds HC's view that pandemic delays in TDS are 'reasonable cause', averting penalties.
Jul 17, 20243 min read
SAFEMA Clarifies Employee Accountability Under FEMA
SAFEMA ruling emphasizes strict employee compliance with FEMA, impacting penalties.
Jul 17, 20243 min read
Foreign Currency Confiscation: SAFEMA Appellate Tribunal Confirms Penalties for Foreign Exchange Violations
SAFEMA Tribunal upholds ED's penalties on unauthorised forex transactions, stressing robust evidence.
Jul 16, 20243 min read
Uttarakhand High Court Upholds Cancellation of Bail Obtained Through Misrepresentation/Fraud
Uttarakhand HC denies bail due to undisclosed criminal history, affirming the need for transparency.
Jul 16, 20244 min read
Overview of GST Assessment Procedure
Explores the GST self-assessment process, ensuring compliance and streamlining tax administration
Jul 16, 202411 min read
NCLT: Serving a Demand Notice Under S. 95 of the IBC is a Mandatory Requirement, Not Merely a Formality
NCLT underscores strict procedural compliance for initiating CIRP against personal guarantors under IBC.
Jul 16, 20243 min read
CBIC Guidelines for the Recovery of Outstanding Dues
CBIC clarifies due recovery processes until the Appellate Tribunal is operational.
Jul 15, 20242 min read
Judicial Scrutiny & Corroboration: SAFEMA Tribunal on Proportional Penalties & Evidence in FEMA Cases
SAFEMA Tribunal adjusts FEMA penalties, emphasising evidence corroboration and judicial scrutiny in Kapadia's case.
Jul 15, 20243 min read
CBIC Clarifies Taxability and Valuation of Corporate Guarantees Between Related Parties
CBIC's latest circular details GST implications for corporate guarantees, ensuring clarity on tax valuations and ITC eligibility.
Jul 15, 20244 min read
From Blueprint to Reality – Mastering the Shareholders Agreement
Prefatory Note Now that we have decoded the term sheet, it is time to move from the preliminary sketches to the detailed playbook – the...
Jul 15, 202422 min read
[Calcutta HC] Petitioner Allowed to Appeal After Delay Due to Misplaced SCN and Ex-parte Order on GST Portal
Calcutta HC: Appeal allowed due to SCN and ex-parte order wrongly uploaded on GST portal, delay condoned.
Jul 14, 20243 min read
[Karnataka High Court] Grants Bail to an Accused in DRI Case as Grounds of Arrest Were Communicated Verbally and Not in Writing
Bail was approved after failure to provide written arrest reasons, highlighting legal mandates for clear communication under the law.
Jul 13, 20243 min read