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Time Bar & Procedural Discipline: Supreme Court Clarifies Rights v. Entitlements in Legal Remedies vis-a-vis the Laws of Limitations
SC underscores strict adherence to limitation periods in arbitration and insolvency cases, enhancing procedural fidelity.
Nov 16, 20247 min read
Intersection of CrPC, BNSS & PMLA: Supreme Court Reaffirms Sanction Requirements for Public Servants in PMLA Prosecutions
The SC reinforces procedural safeguards under CrPC for PMLA cases, ensuring sanctions for public servants align with official duties.
Nov 16, 20244 min read
Delhi High Court Clarifies JAO Jurisdiction in Reassessment Under Faceless Scheme
Delhi HC confirms JAO's authority to issue reassessment notices under s. 148 despite the adoption of the Faceless Reassessment Scheme.
Nov 14, 20244 min read
SEBI Warns Investors: Steer Clear of Unauthorised Trading and Gaming Platforms
SEBI alerts: Avoid unauthorised trading platforms to prevent risks and losses.
Nov 12, 20243 min read
Delhi HC: Reassessment Barred Once Nature and Source of Receipts Are Satisfactorily Proven
The Delhi HC invalidated reassessment notices under s.148, citing a lack of fresh evidence and reiterating fairness in tax governance.
Nov 5, 20244 min read
[NCLAT – New Delhi] Decision on the Applicability of Interim Moratorium to Partnership Firm’s Assets Where a Partner is a Personal Guarantor
NCLAT clarifies that an interim moratorium under s. 96 applies only to the personal debts of a guarantor, not to partnership assets.
Oct 31, 20243 min read
The Role of Forensic Auditing in Uncovering Financial Frauds: An Overview within the Indian Legal Framework
Forensic auditing is crucial in detecting corporate fraud in India, supporting legal cases and strengthening corporate governance.
Oct 29, 202416 min read
ITAT Upholds Exemption Under Section 47(xiii) of the Income-tax Act: No Capital Gains Tax on Partnership-to-Company Succession
The ITAT clarifies that partnership-to-company conversions are tax-neutral under Section 47(xiii) if statutory conditions are fully met.
Oct 28, 20245 min read
Supreme Court Revisits Constitutional Validity: Recalling Union of India v. Ganpati Dealcom Judgment
SC sets aside previous ruling on the 1988 Act's sections 3 and 5, questioning their retrospective application in benami transactions.
Oct 28, 20242 min read
CBIC Clarifies Sections 16(5) & (6) of CGST Act, Extends ITC Claim Period
CBIC clarifies Sections 16(5) & 16(6) of the CGST Act, extending ITC claim deadlines and detailing rectification procedures.
Oct 25, 20244 min read
ITAT Bombay: No Reassessment on Mere Change of Opinion Under Section 147 of the IT Act
ITAT Mumbai quashes reassessment based on incorrect facts, underscoring legal standards for tangible evidence under the IT Act.
Oct 25, 20243 min read
CBIC Clarifies on Applicability and Implementation of Section 128A of the CGST Act
CBIC clarifies Section 128A of the CGST Act, detailing waiver eligibility, procedures, and guidelines for resolving tax demands efficiently.
Oct 23, 20245 min read