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May 16, 20242 min read
Delhi High Court Orders Re-evaluation of Tax Dispute, Stresses AO's Duty to Assess on Merits
Delhi HC asserts AO must weigh merits, not just enforce 20% tax pre-deposits.
May 14, 20243 min read
Non-Bailable Warrants Will Not Be Issued Unless the Accused Is Likely to Abscond or Destroy Evidence
Supreme Court clarifies when non-bailable warrants can be issued, emphasizing individual liberty and case-specific scrutiny.
May 13, 20245 min read
Supreme Court Clarifies Applicability of S. 106 of the Evidence Act & Exception 4 to S. 300 of the IPC in a Landmark Judgment
SC clarifies Evidence Act's Section 106 & IPC's Exception 4 in landmark Anees judgment, ensuring fair trials and balanced justice.
May 13, 20243 min read
Bombay High Court Rules on the Inapplicability of S. 32A IBC Protections to Natural Persons and Existing Directors
Explore how Bombay HC clarifies s. 32A IBC protections don't shield directors or individuals in ongoing criminal cases.
May 13, 20247 min read
Bombay High Court Clarifies FAO's Authority Over S. 148 Notice Issuance and Tax Escapement Cases
Explore how the BHC shapes tax law, enhancing fairness in tax reassessment and deduction validity.
May 13, 20244 min read
[ITAT] Revenue from Software Licensing Fees and Annual Maintenance Contracts Not Taxable in India Due to Absence of Permanent Establishment
ITAT rules in favor of Openwave Mobility Inc., finding software licensing fees and maintenance contracts non-taxable in India without a PE.
May 13, 20243 min read
Disbursal Against Time Value of Money: Understanding Financial Debt Under IBC
NCLAT's recent judgment on financial debt under IBC emphasizes the need for transparency and solid evidence in insolvency disputes.
May 13, 20243 min read
The Supreme Court Grants Interim Bail to the Petitioner Due to An Anomaly in the Documents Presented
SC grants interim bail in Sandeep Gupta v. ED due to document anomalies, ensuring due process.
May 12, 20242 min read
P&H HC Stays CBIC Circular on Corporate Guarantees, Citing Jurisdiction Overreach
The Punjab and Haryana HC halts GST directive, defending judicial integrity against regulatory overstep.
May 11, 20243 min read
MP High Court Clarifies Applicability of S. 14A Amendment
The MP High Court decisively ruled on the non-retroactive application of s.14A of the Act, safeguarding taxpayer rights from past liability.
May 10, 20244 min read
CCI Remarks: In the Absence of Unfair or Discriminatory Conduct, the Dominant Position Not Abused
CCI: Dominant position not abused in the absence of unfair or discriminatory actions. Clear market rules are essential for fair competition.
May 9, 20242 min read
[ITAT – Mumbai] Penalty Under S. 271(1)(c) of ITA for Income Concealment Deleted as the Assessee Had Explained Reasons for Advancing Interest-Free Loan to Its Associated Enterprises
ITAT Mumbai clears penalty for Air Works, affirming bona fide interest-free loans to AE.
May 9, 20243 min read
P & H High Court Rules Revision Petitions Maintainable Against Property Confiscation Orders Under PMLA
Punjab & Haryana High Court affirms revision rights under s. 8(7) of the PMLA, enabling challenges to property confiscation decisions.
May 9, 20243 min read
Payments Made to Non-Resident Entities Not Taxable in India as Royalty
ITAT rules interconnect charges are not royalties under the Income-tax Act, a key decision for non-resident firms.
May 7, 20242 min read
Clarifying Eligibility: NCLAT’s Ruling on Wilful Defaulters in Resolution Proceedings
NCLAT clarifies eligibility of wilful defaulters in CIRP, balancing creditor rights and corporate revival amidst legal complexities.
May 6, 20243 min read
Calcutta High Court Affirms Appellate Authority’s Power to Condone Delay under WBGST Act
In a pivotal ruling, the Calcutta HC upheld the AA's authority to extend deadlines, affirming legal fairness and procedural flexibility.
May 6, 20245 min read
[Bombay High Court] Court Criticizes Public Sector Banks' Coercive Tactics, Limits Power to Issue Look Out Circulars for Loan Defaulters in Economic Offences
Bombay High Court rules against PSBs using LOCs to restrict travel for loan defaulters, upholding constitutional rights and fairness.
May 4, 20242 min read
Liability in Case of Improper Accounting of Goods Is to Be Calculated Under the Provisions of S. 74 of the GST Act
Explore how the Allahabad HC clarifies GST liabilities for mismanaged inventories under UGST Act's s. 74.
May 3, 20243 min read
Third-party Assets not liable to be included in the CIRP Process initiated against the Corporate Debtor
NCLAT rules that third-party assets in possession of a corporate debtor can't be included in CIRP without a valid contract.
May 2, 20243 min read
Delhi High Court Rules on Jurisdiction Over Foreign Cheques Under Negotiable Instruments Act
Delhi HC confirms that Indian courts can handle cases involving cheques drawn abroad, enhancing trust in global financial transactions.