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Issuance Of Partly Paid Units to Non-Residents by Investment Vehicles
RBI's latest circular clarifies regulations on AIFs issuing partly paid units to overseas investors, ensuring compliance and transparency.
May 28, 20243 min read
[Allahabad HC] Seizure and Penalty Orders Overturned Due to Lack of 'Mens Rea' for Tax Evasion by Department
Allahabad HC rules against tax penalties, citing insufficient proof of intent to evade GST.
May 27, 20243 min read
SEBI's Framework on Unaffected Price for Transactions Upon Confirmation of Market Rumours
Explore how SEBI safeguards deal integrity and fair valuations in the face of market rumours with its latest regulatory update.
May 27, 20244 min read
Authorization Under S.153A of the Income-tax Act Requires More Than Mere Mention in a Panchnama
High Court rules that mere name mention does not justify a Section 153A notice, ensuring strict adherence to legal protocols.
May 25, 20243 min read
Calcutta HC Emphasizes Legal & Procedural Integrity in Willful Defaulter Declarations: Reliance on Flawed Transaction Audit Report Invalidated
Calcutta HC rules against using flawed TAR for willful defaulter declarations.
May 25, 20244 min read
Summons v. Warrant: Supreme Court Clarifies Procedure under PMLA
SC's landmark ruling on PMLA balances the accused' rights and procedural needs, favouring summons over warrants for fair justice.
May 25, 20244 min read
NCLAT Overturns NCLT Order Confirming Lack of CLB's Jurisdiction to Punish for Contempt Under the Companies Act
NCLAT rules CLB can't punish for contempt under Companies Act, dismissing NCLT's prior ruling.
May 25, 20244 min read
Upholding Constitutional Rights: Prabir v. State (NCT of Delhi)
SC upholds constitutional rights in Prabir v. State (NCT of Delhi), emphasizing the necessity of written grounds for arrest.
May 25, 20243 min read
[Jharkhand HC] Summoned Person Not to Be Forced by GST Officers to Depose Statement After Office Hours
Jharkhand HC rules against forcing statements from summoned individuals outside office hours, citing legal and constitutional norms.
May 25, 20243 min read
SEBI Amendment Notification: Expanded Eligibility for Promoter Contributions in Post-Issue Capital
SEBI enhances market access, including non-individuals in capital contributions.
May 24, 20244 min read
ITAT Affirms the Non-Taxability of Interest Payments by Indian Bank Branches to their Head Offices under the India-France DTAA
ITAT decision clarifies tax exemption on Indian banks' interest payments to HQs, guided by India-France DTAA.
May 24, 20245 min read
Delhi HC Overrules Use of Bright Line Test for AMP Expenses in Transfer Pricing Cases
Delhi HC rules BLT unfit for ALP calculations in multinational AMP expense cases.
May 24, 20242 min read