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Nov 30, 202415 min read
Tax Amnesty Schemes in India
Tax amnesty schemes address tax evasion by resolving disputes, boosting compliance, and generating revenue while balancing fairness.
Nov 30, 20244 min read
Delhi HC: Judicial Analysis of Interplay Between Sections 153C and 147 in Tax Reassessment
Delhi HC clarifies interplay between ss. 153C and 147, ensuring reassessment integrity while balancing procedural and jurisdictional powers.
Nov 30, 20243 min read
Supreme Court Clarifies the Scope of Section 195 of the CrPC While Preventing Erosion of Public Trust
The Supreme Court reaffirms judicial accountability by clarifying procedural bars under Section 195 CrPC, ensuring trust in justice.
Nov 30, 20244 min read
Assessing Officer’s Duty to Conduct an Independent Inquiry: ITAT Clarifies the Burden of Proof under Section 68 of the Income-Tax Act
ITAT highlights the importance of evidence over procedural lapses, clarifying the Assessing Officer's duty under s. 68 of the Income-Tax Act
Nov 30, 20245 min read
Jail is the Exception: Delhi High Court Reaffirms Article 21 in Granting Bail Under PMLA
The Delhi HC grants bail under PMLA, stressing a. 21 rights and balancing stringent bail conditions with trial delays and liberty concerns.
Nov 29, 202417 min read
Advance Pricing Agreements in India: Resolving Transfer Pricing Disputes
India's APA framework fosters certainty in transfer pricing, reducing litigation and creating an investor-friendly tax environment for MNCs.
Nov 26, 202417 min read
The Impact of Deepfake Technology: Legal Risks and Regulatory Solutions
Explore how deepfake technology poses legal challenges and the global regulatory frameworks aiming to mitigate these risks.
Nov 25, 20243 min read
Bombay High Court Clarifies Revenue v. Capital Expenses under Income-tax Act
The Bombay High Court ruled that broken period interest and debenture issuance expenses qualify as deductible business expenditure.
Nov 23, 20244 min read
Equitable Enforcement of Contracts: The Supreme Court Reiterates Principles of Specific Performance, Limitation, and Lis Pendens
The Supreme Court revisits principles of specific performance, limitation, and lis pendens in a landmark case on contract enforcement.
Nov 23, 20244 min read
NCLAT: Sale of Corporate Debtor as Going Concern Prevails Over Scheme of Arrangement
The NCLAT Chennai upheld the priority of selling a corporate debtor as a going concern, aligning with the IBC's goals of value maximisation.
Nov 22, 20243 min read
ITAT Ruling on Deductibility of Loss on Inter-Corporate Deposits
The ITAT reviews the deductibility of losses on inter-corporate deposits, emphasising statutory compliance and evidentiary support.
Nov 20, 20244 min read
Arm’s Length Principle Upheld: Special Bench Rules on Taxation of Transactions Between Permanent Establishment & Head Office Under Transfer Pricing Laws
The ITAT Special Bench clarifies that HO-PE transactions are subject to arm's length pricing under TP laws, ensuring compliance.
Nov 18, 20245 min read
Supreme Court Redefines Directive Principles: Balancing State Policy & Individual Rights under Articles 39(b) & 31C
The SC clarifies the scope of Articles 39(b) and 31C, balancing state policy, resource distribution, and individual property rights.
Nov 16, 20247 min read
Time Bar & Procedural Discipline: Supreme Court Clarifies Rights v. Entitlements in Legal Remedies vis-a-vis the Laws of Limitations
SC underscores strict adherence to limitation periods in arbitration and insolvency cases, enhancing procedural fidelity.
Nov 16, 20244 min read
Intersection of CrPC, BNSS & PMLA: Supreme Court Reaffirms Sanction Requirements for Public Servants in PMLA Prosecutions
The SC reinforces procedural safeguards under CrPC for PMLA cases, ensuring sanctions for public servants align with official duties.
Nov 12, 20243 min read
SEBI Warns Investors: Steer Clear of Unauthorised Trading and Gaming Platforms
SEBI alerts: Avoid unauthorised trading platforms to prevent risks and losses.
Nov 5, 20244 min read
Delhi HC: Reassessment Barred Once Nature and Source of Receipts Are Satisfactorily Proven
The Delhi HC invalidated reassessment notices under s.148, citing a lack of fresh evidence and reiterating fairness in tax governance.