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- Oct 9, 2023
- 4 min
[Telangana HC] GST Implications of Personal Guarantees by Directors
Introduction It is a common practice for companies to borrow money, and/or raise a loan from banks and/or financial institutions during...
- Oct 6, 2023
- 4 min
Assessee Loses Appeal before ITAT for Lack of Participation and Evidence
Introduction In the matter of M/s Adim Jati Seva Sahkari Samiti Maryadit v. The Income Tax Officer – 2, Korba[i], the Income Tax...
- Sep 25, 2023
- 5 min
Beyond Confessions: A Legal Deconstruction of the Supreme Court’s Verdict on Circumstantial Evidence
Introduction On 21.09.2023, the Hon’ble Supreme Court (‘SC’) delivered a landmark verdict in the case of Rajesh & Anr. v. State of Madhya...
- Sep 23, 2023
- 5 min
[Bombay HC] Reassessment requires approval of a Specific Authority, not the AO’s change of mind
In the case of Siemens Financial Services Pvt. Ltd. v. DCIT, Mumbai and Ors.[i], the Bombay High Court analyzed the arguments presented...
- Sep 15, 2023
- 3 min
Attachment Order under PMLA Set Aside as Reasons to Believe Not Recorded Properly
Introduction This case, Smt. Suma Sooraj v. ED[i] pertains to an appeal challenging the confirmation of a Provisional Attachment Order...
- Sep 15, 2023
- 5 min
NCLAT: IBC applies to Personal Guarantors Regardless of the CIRP Status of Corporate Debtor
Introduction The case Mahendra Kumar Agarwal v. PTC India Financial Services Ltd.[i] addresses a contentious issue: whether a petition...
- Sep 15, 2023
- 5 min
Delhi High Court Denies Bail to Manish Sisodia: Legal Analysis
Introduction In a significant legal development, the Delhi High Court recently delivered a consequential verdict in the case of Manish...
- Sep 1, 2023
- 3 min
Precision in Valuation: ITAT Scrutinizes Off-Market Share Transaction and Overturns Addition
ITAT-Delhi rules on Trak Services' LTCG, emphasizing the sanctity of contract prices over market rates in share transfer disputes.