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A New Dawn for MSMEs: The IBC's Strategic Insolvency Framework
Introduction The Insolvency and Bankruptcy Code ( ‘IBC’ ), enacted in India in 2016, provides a comprehensive framework for resolving...
Jul 20, 202411 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, 20243 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, 20244 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, 20243 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 20, 20244 min read
Right of Cross-Examination Under GST - When Does It Accrue?
Explore when the right to cross-examine under GST accrues and its significance in ensuring justice and procedural fairness.
Jul 19, 20246 min read
The Conundrum of Concurrent Jurisdiction and S. 6(2)(b) of the CGST Act
Exploring s. 6(2)(b) of the CGST Act to prevent dual jurisdiction issues in GST enforcement and tax proceedings.
Jul 17, 202412 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, 20247 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, 20244 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 17, 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.
Jul 16, 20243 min read