Insights & Resources

Delhi HC rules that employers cannot hold employees liable for TDS non-deposit, citing s. 205 of the Income-tax Act, 1961.

The Allahabad High Court quashed an SCN under section 74 of the CGST Act, citing a lack of fraud, misstatement, or suppression allegations.

The Tribunal upheld stringent penalties for a bank's failure to report cash transactions under PMLA, reinforcing strict AML compliance.

Chhattisgarh High Court broadens anticipatory bail criteria, enhancing judicial discretion and prioritising personal liberty.

The Bombay HC ruled that IP acquisitions involving foreign entities are taxable in India, emphasising territoriality and statutory remedies.

The NCLAT ruled that assets excluded before CIRP initiation, like cancelled leasehold plots, cannot be included in the corporate resolution

NCLAT confirms in Times Innovative Media case: unsecured financial creditors precede operational creditors in IBC liquidation order.

An Andhra Pradesh High Court ruling clarifies GST liability timing for annuity payments in infrastructure projects under the HAM.

The Tribunal clarified that holding assets in a fiduciary capacity can exempt transactions from being classified as benami under the law.

Tribunal upholds ED's freezing of accounts under PMLA, affirming a strict approach to proceeds of crime in financial investigations.

SC affirms ED's powers under PMLA exceed CrPC limits, ensuring robust scrutiny without regional or gender constraints.

The Supreme Court reevaluates arrest norms and grants bail, affirming constitutional rights amid legal complexities.

NCLAT rules MPVAT tax dues cannot be classified as secured debt in insolvency, reinforcing IBC's creditor hierarchy and priority rules.

SAFEMA upholds the validity of IT Act statements for initiating diverse statutory proceedings.

The ITAT upheld tax assessments on dissolved companies under s.176, emphasising statutory compliance and addressing corporate tax obligation

The SC affirms the right to seek anticipatory bail, even if in custody for a different case, reinforcing the protection of personal liberty.

The NCLAT ruling highlights the balance between creditor rights and commercial wisdom in insolvency, raising questions on equity for OCs.

ITAT Delhi grants DTAA benefits to the US LLC, affirming that tax residency can exist independently of actual tax payments.

The MP High Court rules that maintenance provisions are meant for support, not for enabling capable spouses to avoid self-reliance.

Examining how prolonged incarceration, ongoing investigations, and constitutional rights shape the grant of bail under PMLA cases.