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Mastering The Liberalized Remittance Scheme (LRS): Legal Issues Every Remitter Should Know
The Liberalized Remittance Scheme (‘LRS’) established by the Reserve Bank of India (‘RBI’) facilitates fund remittance by resident...
Jan 21, 202411 min read
Look Out Circulars (LOCs): A Comprehensive Analysis
Ensuring accountability for accused individuals is crucial, but the evasion of justice by fleeing jurisdiction poses challenges. The Look...
Jan 19, 202414 min read
[SC] SLP Filed by Income-Tax Department Dismissed on the Ground of Delay of 325 Days
Supreme Court stresses timeliness in rejecting a delayed tax appeal, underscoring legal punctuality's importance.
Jan 19, 20242 min read
Investor Protection in the Digital Age: SEBI Introduces Voluntary Account Freezing Facility
The Securities Exchange Board of India ( ‘SEBI’ ) has recently issued a circular [i] on 12.01.2024 under s. 11(1) of the SEBI Act, 1992,...
Jan 19, 20242 min read
PMLA: Anticipatory Bail Granted Due to Absence of 'Proceeds of Crime’
Explore how 'Proceeds of Crime' criteria influence anticipatory bail decisions under PMLA in our latest analysis.
Jan 17, 20243 min read
Interpreting PMLA Arrest Guidelines: Delhi High Court’s Perspective on Oral Communication of Grounds of Arrest
Introduction In the interlinked cases of Neeraj Singal v. Directorate of Enforcement [i] ( ‘ED' ), the Delhi High Court ( ‘DHC' )...
Jan 16, 20245 min read
Redefining Tax Notice Procedures: Rajasthan High Court's Critical Stance on Compliance and Jurisdiction
Introduction In a landmark judgment, the Rajasthan High Court bench at Jaipur ( ‘the Court’ ) pronounced a pivotal decision in Bijendra...
Jan 16, 20244 min read
Validity of Unregistered Agreement: ITAT holds that the Law Does Not Require an Agreement to be in Writing
ITAT confirms: Oral agreements are as valid as written ones for immovable property sales under s. 43CA, ensuring fairness in tax assessments
Jan 16, 20244 min read
Full Disclosure & Bona Fide Claims: The Deciding Factor Against Penalties in Tax Law
Introduction The Supreme Court ( ‘SC’ ) in the case of Principal Commissioner of Income Tax v. Indusind Bank Ltd . [i] dismissed the...
Jan 12, 20242 min read
Enhancing Accountability: CCI’s 2024 Regulations on Interlocutory Applications
Introduction The Competition Commission of India ( ‘CCI’ ) has enacted significant amendments through the CCI (General) Amendment...
Jan 12, 20242 min read
Beyond Boundaries: Absence of Limitation in FEMA Enforcement
The article analyses the intricate realm of the Foreign Exchange Management Act, 1999 ('FEMA') and its remarkable evolution from the...
Jan 11, 202410 min read
Rajasthan HC Emphasizes Timely Compliance & Accountability in Asset Seizure & Release
Rajasthan HC rules on timely asset release in ED seizures, stressing legal compliance and efficiency.
Jan 10, 20243 min read