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Taxing Net Income, Not Gross Receipts: ITAT’s Clarification on Charitable Trust’s Taxation
ITAT rules on proper tax base for charities, stressing net income and registration impacts.
Oct 3, 20233 min read
Competition Commission of India (CCI) Draft Regulations 2023: Merger Control and Regulatory Changes
Introduction The Competition Commission of India ( ‘CCI’ ) has recently issued the Competition Commission of India (Combinations)...
Sep 25, 20234 min read
Beyond Confessions: A Legal Deconstruction of the Supreme Court’s Verdict on Circumstantial Evidence
Introduction On 21.09.2023, the Hon’ble Supreme Court ( ‘SC’ ) delivered a landmark verdict in the case of Rajesh & Anr. v. State of...
Sep 25, 20235 min read
[Bombay HC] Reassessment requires approval of a Specific Authority, not the AO’s change of mind
In the case of Siemens Financial Services Pvt. Ltd. v. DCIT, Mumbai and Ors. [i] , the Bombay High Court analyzed the arguments presented...
Sep 23, 20235 min read
Draft Guidelines for prevention and regulation of Dark Patterns 2023
In response to growing concerns about the misuse of dark patterns in the domain of consumer protection, advertising, and e-commerce, the...
Sep 15, 20233 min read
Attachment Order under PMLA Set Aside as Reasons to Believe Not Recorded Properly
Introduction This case, Smt. Suma Sooraj v. ED [i] pertains to an appeal challenging the confirmation of a Provisional Attachment Order...
Sep 15, 20233 min read
NCLAT: IBC applies to Personal Guarantors Regardless of the CIRP Status of Corporate Debtor
Introduction The case Mahendra Kumar Agarwal v. PTC India Financial Services Ltd. [ i ] addresses a contentious issue: whether a...
Sep 15, 20235 min read
Delhi High Court Denies Bail to Manish Sisodia: Legal Analysis
Introduction In a significant legal development, the Delhi High Court ( 'DHC' ) recently delivered a consequential verdict in the case of...
Sep 15, 20235 min read
Taking Control: Voluntary Initiation of Corporate Insolvency
IBC was enacted to expedite insolvency proceedings and to facilitate timely and effective resolution of insolvency by involving relevant...
Sep 14, 20239 min read
Startups | Structuring Fundamentals
Corporate structuring may not always be a focus area for established, thriving businesses. However, startups that have recently commenced...
Sep 8, 20237 min read
Digital Personal Data Protection Act, 2023 becomes law
Digital Personal Data Protection Act, 2023 is the new data protection law of India, providing for regulated data processing and protection.
Sep 1, 20238 min read
Precision in Valuation: ITAT Scrutinizes Off-Market Share Transaction and Overturns Addition
ITAT-Delhi rules on Trak Services' LTCG, emphasizing the sanctity of contract prices over market rates in share transfer disputes.
Sep 1, 20233 min read