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Jun 1, 20233 min read
[Delhi HC] S. 83 of the CGST Act Cannot Be Invoked to Secure the Revenue of Another Taxable Person
Delhi HC rules in favor of Zhudao Infotech, stating Section 83 of the CGST Act cannot be used to attach assets for others' tax liabilities.
May 25, 20233 min read
Supreme Court empowers Creditors: Guarantors Liable for Non-Corporate Borrowers’ Defaults under IBC
In the case of K. Paramasivam v. Karur Vysya Bank & Anr.[i], the Supreme Court has rendered a significant decision, affirming that...
May 25, 20234 min read
Upholding Accountability in Auditing: SC's Ruling on UOI v. Deloitte Haskins and Sells LLP
In Union of India v. Deloitte Haskins and Sells LLP [ i ] , the Hon’ble Supreme Court of India found Deloitte Haskins and Sells LLP...
May 23, 20233 min read
Allahabad HC: No vicarious liability of directors under IPC
No vicarious liability of directors under IPC; Court directs the accused to file discharge application before the Trial Court The Lucknow...
May 17, 20233 min read
Gujarat High Court Denies Protection: Petitioner's Bid to Escape Wilful Defaulter Tag Rejected
Introduction: The Gujarat High Court recently rendered a noteworthy judgment in the case of Jagdish Prasad Saboo vs IDBI Bank Limited....
May 11, 20234 min read
[SC] No service tax on corporate guarantees by parent companies on behalf of its subsidiaries
The Hon’ble Supreme Court has recently held in Commissioner v. M/s Edelweiss Financial Services Ltd., that no service tax would be levied...
Apr 22, 20233 min read
No Vicarious Liability: Jharkhand HC Quashes Charges Against Finance Advisor in TDS Remittance Case
Jharkhand HC rules financial advisors are not liable for a firm's TDS defaults.
Jan 30, 20233 min read
[Delhi HC] Evasive replies during interrogation cannot disentitle a person from the grant of bail
The Delhi High Court, in Bindu Rana vs Serious Fraud Investigation 2023 SCC OnLine Del 276, has recently held in a decision that evasive...
Jan 20, 20234 min read
[SC] Property not exempt under SARFAESI Act if merely shown as agricultural land in revenue records
The Supreme Court has recently held in K Sreedhar v Raus Construction Pvt Ltd 2023 SCC OnLine SC 13 that merely because certain...
Jan 17, 20232 min read
[SC] Writ petition challenging reassessment cannot be dismissed merely based on alternative remedy
The Supreme Court of India recently, in Red Chilli International Sales v ITO [2023] 146 taxmann.com 224 (SC), set aside a judgment of the...
Jan 9, 20234 min read
[Raj HC] ECIR can neither be provided nor quashed even if persons not named in FIR or ED complaint
The Rajasthan High Court recently, in Sky Light Hospitality LLP v Union of India 2022 SCC OnLine Raj 2530, held that even though the...
Dec 28, 20223 min read
[Delhi HC] Twin conditions for bail u/s 212(6) of Companies Act not applicable to women
The Delhi High Court, in Komal Chadha v SFIO 2022 SCC OnLine Del 4543, has recently held in a decision involving custody of a woman...
Dec 14, 20223 min read
[Del HC] Pre-deposit of 20% tax demand not a prerequisite for keeping tax recovery in abeyance
The Delhi High Court, in Dabur India Limited v CIT (TDS) [2023] 146 taxmann.com 315 (Delhi), has held that the requirement of pre-deposit...
Oct 10, 20223 min read
[SC] CIRP can be initiated against a person who acted in dual capacity as a borrower and a pledgor
The Supreme Court has held, in Maitreya Doshi v Anand Rathi Global Finance Limited 2022 SCC OnLine SC 1276, that corporate insolvency...
Sep 23, 20223 min read
[Gujarat HC] Natural Justice Principles Not Applicable in CCI’s Preliminary Investigations
Introduction The Gujarat High Court delivered a judgment on 09.09.2022 in the case of M/s Shree Shivam Corporation through its Sole...
Sep 9, 20225 min read
Supremacy of IBC over Customs Act: Supreme Court’s Protective Shield for Corporate Debtors
Introduction On 26.08.2022, the Supreme Court ( ‘SC’ ) delivered a seminal verdict in the case of Sundresh Bhatt, Liquidator of ABG...
Aug 20, 20223 min read
[SC] Independent and Non-Executive Directors not criminally liable if not conducting the business
The Supreme Court recently held that no liability could be fixed on independent, non-executive directors who were not involved in the...