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CBDT Notifies ITR-B for Search-Related Income Tax Returns: A Step Toward Streamlined Block Assessments
The CBDT has notified Form ITR-B as a new income tax return form specifically for block assessments arising from search and seizure actions. Effective retrospectively from 01.09.2024, the new r. 12AE introduces procedural clarity, a digital filing framework, and enables stricter scrutiny of undisclosed income and tax credit claims. This marks a key shift toward structured compliance in high-stakes search proceedings under ch. XIV-B.
Apr 144 min read
Artificially Intelligent Entities as Legal Persons: Navigating the Frontiers of Legal Personhood in the Age of Autonomous Technologies
Can AI be a legal person? This article explores liability, agency, and the legal challenges of regulating autonomous intelligent systems.
Apr 317 min read
Supreme Court: PMLA Is a Continuing Offence, Retrospectivity and Threshold Challenges Held Legally Unsustainable
SC upholds PMLA’s continuing offence doctrine, rejecting retrospective and threshold-based challenges to money laundering prosecutions.
Mar 275 min read
Bombay High Court Reaffirms: CBDT Guidelines Cannot Override Statutory Powers in Tax Compounding Cases
Bombay High Court reaffirms that statutory law prevails over CBDT guidelines in compounding offences under income tax legislation.
Mar 202 min read
Section 153C Validly Invoked on Basis of WhatsApp Chats Corroborated by Evidence: Rajasthan High Court
Rajasthan High Court upholds Section 153C action based on WhatsApp chats corroborated by digital records and cash book evidence.
Mar 204 min read
SEBI’s 2025 Insider Trading Amendment: Expanding the UPSI Framework
SEBI’s 2025 amendment to the Insider Trading Regulations expands the definition of Unpublished Price Sensitive Information (UPSI), introduces new disclosure triggers, and streamlines compliance with structured data protocols. This regulatory update signals a decisive shift toward pre-emptive corporate transparency and robust market integrity safeguards.
Mar 204 min read
ITAT: Corporate Restructuring Must Meet All Conditions of Section 2(19AA) to Avoid Capital Gains Tax on Demerger
ITAT rules that failure to transfer liabilities with assets disqualifies a demerger from tax exemption under Section 2(19AA) of the IT Act.
Mar 174 min read
IBC Prevails: The Supreme Court Restricts Premature Writs in Personal Insolvency Proceedings
SC sets aside High Court’s interference in IBC proceedings, affirming that insolvency disputes must follow statutory resolution channels.
Mar 143 min read
Expanding Scope and Strengthening Enforcement: Significant Amendments in the CCI’s 2025 Recovery Regulations
CCI’s 2025 regulations overhaul penalty recovery with expanded scope, third-party liability, and legal heir accountability.
Mar 57 min read
Sanction for Prosecution: Did the Supreme Court Overlook Deemed Sanction Under BNSS?
Did the Supreme Court overlook BNSS’s deemed sanction provision? This analysis dissects the ruling's impact on public servant prosecutions.
Mar 45 min read
Delhi High Court: Violation of Section 269ST of the Income-tax Act Does Not Render Contract Void or Bar Recovery Claims
Delhi HC clarifies that cash violations under Section 269ST don't void contracts; unjust enrichment cannot override contractual claims.
Mar 14 min read
A Comprehensive Overview of the EU’s AI Act: New Era in AI Governance – A Bold Step or a Regulatory Minefield?
An in-depth analysis of the EU's AI Act—its key provisions, risk-based approach, and global implications for AI governance.
Mar 117 min read