Search
Jul 29, 20243 min read
[High Court – Rajasthan] No Restriction on Filing Advance Ruling Applications for Persons Liable to Pay Tax on Reverse Charge Basis under the CGST Act
Rajasthan High Court affirms that reverse charge taxpayers can seek CGST advance rulings, broadening applicant definitions.
Jul 28, 20244 min read
The Seriousness of the Charges Cannot Come in the Way of the Constitutional Right to Speedy Trial: Supreme Court
The seriousness of the charges cannot come in the way of the constitutional right to speedy trial: Supreme Court
Jul 27, 20244 min read
Supreme Court Clarifies Judicial Limits in Arbitration Agreements and the Role of Discharge Vouchers
Supreme Court clarifies judicial Limits in arbitration agreements and the role of discharge vouchers
Jul 27, 20243 min read
[Gujarat HC] Reassessment Proceedings Set Aside Due to Jurisdiction Issues and Approval of Resolution Plan under the IBC
Gujarat HC quashes tax reassessment after case transfer and IBC resolution approval, citing lack of AO jurisdiction.
Jul 26, 20244 min read
Rule of Law v. Rule of Men: Chhattisgarh HC Sets Aside Reassessment Orders Due to Influence of Superior Authorities
Chhattisgarh HC rules in favor of assessee; reassessment influenced by superiors invalid.
Jul 26, 20242 min read
LOC Issuance: A Matter of Reason, Not Routine
Bombay HC quashes SFIO’s LOC against Moravekar, highlighting need for justified, non-routine issuance.
Jul 26, 20246 min read
SAFEMA: Justification of Property Seizure under Section 37A without Evidence of Non-Contravention
Appellate Tribunal SAFEMA upholds property seizure under section 37A of FEMA, emphasising the minimal threshold for proving contravention.
Jul 26, 20243 min read
Mandatory Notice in GST Adjudications: Madras High Court Clarifies ASMT-10 Requirement
Madras HC rules on the essential use of ASMT-10 in GST disputes, enhancing procedural fairness.
Jul 24, 20243 min read
IBC: NCLAT Rejects CIRP Application and Penalises Operational Creditor Due To Malicious Intent
NCLAT upholds penalty on OC for misuse of IBC, highlighting the need for concrete evidence in CIRP cases.
Jul 23, 20243 min read
IBC: NCLT Admits CIRP Application by BCCI Against Think & Learn Private Limited
NCLT admits BCCI's CIRP application against Byju’s parent for unpaid dues, recognising operational debt from continued sponsorship agreement
Jul 22, 20244 min read
Adherence to Limitation Periods in Insolvency Proceedings: NCLT Dismisses Personal Guarantor’s Liability Based on Limitation
NCLT rules on personal guarantor liability, highlighting the importance of limitation adherence in IBC cases.
Jul 20, 20243 min read
ITAT, Delhi Holds That Immunity From Imposition of Penalty Is Not Available in the Case of Misreporting
The ITAT Delhi dismissed the appeal, upholding a 200% penalty on misreported income and rejecting immunity under s. 270A.
Jul 20, 20244 min read
Tax Authorities Must Adhere to IBC Procedure During Liquidation: NCLAT Firmly Affirms
NCLAT rules Income Tax Dept must follow IBC rules in liquidation cases.
Jul 20, 20243 min read
CCI Clears Procurer of Cartelisation and Dominance Abuse Allegations in Tender Criteria
CCI finds no evidence of collusion or abuse of power in tender specifications.
Jul 20, 20244 min read
Reassessment Without Independent Inquiry Quashed: P&H High Court Clarifies Boundaries Between ED & IT Department
P&H High Court rules on tax reassessment, highlighting need for evidence and clear authority boundaries.
Jul 17, 20247 min read
Arvind Kejriwal v. ED: Supreme Court Mandates Judicial Review of ED Arrests under PMLA
SC affirms the need for judicial review of PMLA arrests, emphasizing fairness and evidence-based scrutiny.
Jul 17, 20244 min read
[Supreme Court] No Modifications Are Permitted in the Resolution Plan Once It Is Approved by the CoC and NCLT
NCLT upholds IBC norms; bars resolution plan changes post-approval by CoC and Tribunal.
Jul 17, 20243 min read
Supreme Court Refuses to Interfere in High Court’s Rationalisation of Pandemic Delays in TDS Deposits
SC upholds HC's view that pandemic delays in TDS are 'reasonable cause', averting penalties.
Jul 17, 20243 min read
SAFEMA Clarifies Employee Accountability Under FEMA
SAFEMA ruling emphasizes strict employee compliance with FEMA, impacting penalties.
Jul 16, 20243 min read
Foreign Currency Confiscation: SAFEMA Appellate Tribunal Confirms Penalties for Foreign Exchange Violations
SAFEMA Tribunal upholds ED's penalties on unauthorised forex transactions, stressing robust evidence.