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Apr 18, 20243 min read
Gujarat High Court's Discretionary Bail Decision in CGST Input Tax Credit Allegations
Gujarat HC grants bail in CGST case, stressing evidence over assumptions to balance individual rights and financial integrity.
Apr 17, 20244 min read
Bombay High Court Asserts the Right to Sleep as a Basic Human Right, Directs ED to Regulate the Timing of Recording of Statements
Bombay HC rules on human rights in nighttime ED interrogations, stressing lawful detainment and the right to sleep.
Apr 16, 20245 min read
Decisive Interpretation of Bank Guarantees and Letters of Comfort in Transfer Pricing Cases by Income Tax Appellate Tribunal
Explore ITAT’s pivotal ruling on Axis Bank vs. ACIT, clarifying tax laws on ESOP, NPAs, and transfer pricing adjustments.
Apr 15, 20244 min read
Delhi High Court Upheld Reverse Charge Mechanism: No Inherent Right to Input Tax Credit
Delhi HC's decision clarifies: GST's reverse charge bars inherent claim to ITC, setting a vital precedent.
Apr 15, 20243 min read
Challenges of Parallel Proceedings in GST Enforcement
Navigating the complexities of dual GST investigations, a recent court ruling highlights the need for streamlined authority coordination.
Apr 14, 20244 min read
NCLAT Holds That the Tribunal Has the Power to Recall but Not to Review Its Own Judgment
Explore how NCLAT distinguishes between recall and review powers, affirming strict limits on tribunal interventions.
Apr 13, 20244 min read
Companies Act v. Stamp Act: Supreme Court’s Verdict on Stamp Duty on Increased Share Capital
SC's ruling redefines stamp duty on share capital, clarifying the supremacy of the Companies Act over the Stamp Act.
Apr 13, 20244 min read
Supreme Court Quashes Criminal Proceedings in Cheque Dishonour Case After Full Compensation
SC quashes cheque dishonour case, highlights civil vs. criminal liabilities, and redefines consent in compounding offences under NI Act.
Apr 12, 20242 min read
Assessee's Choice Prevails: Delhi High Court Upholds Right to Select Valuation Method
Delhi HC rules: Assessing officers can't override the valuation method chosen by assesses, reinforcing taxpayers' rights.
Apr 12, 20242 min read
Legal Implications of CIRP: Agency Duties and Corporate Debtor Responsibilities
Explore how agency roles affect CIRP outcomes in the Mukund Rajhans case—a pivotal legal study on corporate debt and insolvency.
Apr 11, 20242 min read
Ensuring Jurisdictional Compliance: Bombay High Court's Decision on NRI Tax Assessments
HC clarifies tax jurisdiction, safeguarding NRI taxpayer rights against improper AO assessments.
Apr 11, 20244 min read
Bombay High Court’s Ruling on IBBI’s Circular: Safeguarding Due Process and Clarity in LP Regulations
Bombay High Court rules on IBBI’s Circular, safeguarding due process in LP regulations.
Apr 10, 20244 min read
[SC] Guarantors Failing to Pay Invoked Guarantees Barred From Filing Claims as Financial Creditors
The Supreme Court: Guarantors with unpaid guarantees cannot claim as financial creditors under the IBC.
Apr 10, 20242 min read
Madras High Court Sets Aside Assessment Order for Exceeding Scope of Initial Notice
MHC annuls a tax order that exceeds its original scope, emphasizing fair legal process and precise tax application.
Apr 8, 20242 min read
NCLAT Rules on Creditor Fairness in Insolvency, Mandating Cash Payments Over Shares for Operational Creditors
NCLAT enforces strict adherence to cash payments for operational creditors, highlighting statutory compliance in insolvency resolutions.
Apr 8, 20243 min read
Legal Intersections: How Civil Decrees Shape Criminal Prosecutions
Explore how civil court decisions impact criminal cases in a recent landmark ruling.
Apr 7, 20243 min read
Patna High Court Ruling Clarifies Locus Standi in Writ Petitions
Explore how the Patna High Court defined the boundaries of locus standi in challenging legislative measures under Article 226.
Apr 6, 20244 min read
95.5% Utilization Validates Warranty Estimates: Supreme Court Refuses to Interfere with Karnataka HC’s Ruling
SC upholds Karnataka HC’s ruling:95.5% utilization confirms warranty provisions. A landmark decision for transparency in financial reporting
Apr 6, 20244 min read
[ITAT Delhi] Deletion of Addition Made by AO Due to Lack of Material Evidence and Reliance on Retracted Statements
ITAT Delhi: Addition by AO deleted due to lack of evidence and reliance on retracted statements, upholding Assessee’s rights.
Apr 6, 20242 min read
Bombay High Court Rejects Attempt to Stall Reassessment Over Seized Documents
Bombay HC fines petitioner for misuse of judicial process in tax reassessment case involving seized documents.