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Supreme Court Quashes Criminal Proceedings in Cheque Dishonour Case After Full Compensation
SC quashes cheque dishonour case, highlights civil vs. criminal liabilities, and redefines consent in compounding offences under NI Act.
Apr 13, 20244 min read
Assessee's Choice Prevails: Delhi High Court Upholds Right to Select Valuation Method
Delhi HC rules: Assessing officers can't override the valuation method chosen by assesses, reinforcing taxpayers' rights.
Apr 12, 20242 min read
Legal Implications of CIRP: Agency Duties and Corporate Debtor Responsibilities
Explore how agency roles affect CIRP outcomes in the Mukund Rajhans case—a pivotal legal study on corporate debt and insolvency.
Apr 12, 20242 min read
Ensuring Jurisdictional Compliance: Bombay High Court's Decision on NRI Tax Assessments
HC clarifies tax jurisdiction, safeguarding NRI taxpayer rights against improper AO assessments.
Apr 11, 20242 min read
Bombay High Court’s Ruling on IBBI’s Circular: Safeguarding Due Process and Clarity in LP Regulations
Bombay High Court rules on IBBI’s Circular, safeguarding due process in LP regulations.
Apr 11, 20244 min read
[SC] Guarantors Failing to Pay Invoked Guarantees Barred From Filing Claims as Financial Creditors
The Supreme Court: Guarantors with unpaid guarantees cannot claim as financial creditors under the IBC.
Apr 10, 20244 min read
Madras High Court Sets Aside Assessment Order for Exceeding Scope of Initial Notice
MHC annuls a tax order that exceeds its original scope, emphasizing fair legal process and precise tax application.
Apr 10, 20242 min read
NCLAT Rules on Creditor Fairness in Insolvency, Mandating Cash Payments Over Shares for Operational Creditors
NCLAT enforces strict adherence to cash payments for operational creditors, highlighting statutory compliance in insolvency resolutions.
Apr 8, 20242 min read
Legal Intersections: How Civil Decrees Shape Criminal Prosecutions
Explore how civil court decisions impact criminal cases in a recent landmark ruling.
Apr 8, 20243 min read
Patna High Court Ruling Clarifies Locus Standi in Writ Petitions
Explore how the Patna High Court defined the boundaries of locus standi in challenging legislative measures under Article 226.
Apr 7, 20243 min read
95.5% Utilization Validates Warranty Estimates: Supreme Court Refuses to Interfere with Karnataka HC’s Ruling
SC upholds Karnataka HC’s ruling:95.5% utilization confirms warranty provisions. A landmark decision for transparency in financial reporting
Apr 6, 20244 min read
[ITAT Delhi] Deletion of Addition Made by AO Due to Lack of Material Evidence and Reliance on Retracted Statements
ITAT Delhi: Addition by AO deleted due to lack of evidence and reliance on retracted statements, upholding Assessee’s rights.
Apr 6, 20244 min read