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Madras High Court Upholds the Professional Integrity of Lawyers Against Online Solicitation
Madras High Court asserts law is a service, not commerce, curbing online lawyer solicitations.
Jul 11, 20243 min read
Judicial Mandate for CoC Approval: Resolution Professional’s Pre-CIRP Payments Under Scrutiny
NCLT mandates CoC approval for pre-CIRP dues paid by RP to ensure compliance.
Jul 11, 20243 min read
Kerala High Court Asserts That Only Properties Connected to 'Proceeds of Crime' Can Be Attached Under PMLA
Kerala HC rules property must be crime proceeds to attach under PMLA.
Jul 11, 20242 min read
Judicial Interpretation of Procedural Fairness in GST Appeals: Touchwin Complex (P.) Ltd. v. Assistant Commissioner of Revenue
Calcutta High Court stresses fair hearing rights and judicial discretion in GST appeal delays.
Jul 10, 20243 min read
Anticipatory Bail Granted: Madhya Pradesh High Court Clarifies Application of Black Money Act
The Madhya Pradesh High Court granted anticipatory bail and ruled on the retrospective application of the Black Money Act in a key case.
Jul 8, 20243 min read
[ITAT] Judicial Reinforcement of Procedural Compliance and Deduction Standards in Tax Reassessment
Analysis of a key ruling on tax reassessment, highlighting AO's responsibilities and taxpayer rights in procedural compliance.
Jul 8, 20243 min read
Jharkhand High Court Grants Bail to Hemant Soren Under PMLA, Highlighting Insufficient Direct Links to Alleged Offences
Jharkhand HC finds insufficient direct evidence against Hemant Soren and grants bail under PMLA.
Jul 6, 20245 min read
Bombay HC Quashes Reassessment: No Taxable Event or Notional Profit Without Sale of Shares
BHC rules no capital gains tax without actual share sale, reinforcing that notional gains aren't taxable events.
Jul 3, 20244 min read
ITAT Rules on the Retrospective Applicability of S. 40(a)(i) of the Income-tax Act, 1961 Amidst Conflicting High Court Judgments
ITAT rules on non-resident payments and TDS disallowance, applying a taxpayer-friendly approach amid conflicting High Court decisions.
Jul 3, 20243 min read
Expenditure Related to Discontinued Business Not Allowable as Business Expenditure: ITAT, Bengaluru
ITAT rules out deductions for costs tied to defunct ventures, ensuring strict adherence to tax norms
Jul 3, 20243 min read
Scrutiny of Bail Procedures in the Arvind Kejriwal Case
Delhi HC reviews bail standards under PMLA in a landmark ruling, highlighting procedural adherence and legal scrutiny
Jul 3, 20244 min read
CCI Dismisses Preferential Treatment Allegations in Truecaller Case
CCI found no evidence Google favored Truecaller over other apps, upholding fair competition laws.
Jul 2, 20244 min read
Legal Rigour in Economic Offences: Bombay HC Examines the Continuing Offence & Threshold for Bail under PMLA
Bombay HC underscores strict enforcement against money laundering, denying bail due to ongoing criminal risks.
Jun 30, 20244 min read
ITAT Upholds High Sea Sales Transactions as Non-Speculative: Confirms Business Loss Set-off Against Interest Income
ITAT rules high sea sales as non-speculative, affirming business loss offsets against interest.
Jun 24, 20244 min read
Madras High Court Denies Jurisdiction Under A. 226 Due to Non-Compliance with S. 65B of the Indian Evidence Act
Madras High Court rules on digital evidence mismanagement, directing appeal for procedural lapses.
Jun 23, 20243 min read
ITAT Rules Out Additions to Completed Assessment Years in the Absence of Incriminating Evidence
ITAT confirms no tax additions without incriminating evidence, even for statements recorded under s.132(4).
Jun 22, 20243 min read
DCF Method for OCPS Valuation Validated: ITAT Rejects Excess Premium Addition for Shares Issued to Holding Company
ITAT upholds DCF method for OCPS, dismissing Revenue's appeal on excess premium taxability under s. 56(2)(viib).
Jun 22, 20244 min read
ITAT Clarifies Valuation Principles for Non-Cumulative Redeemable Preference Shares
ITAT decision highlights expert valuations' critical role in fair share pricing disputes, setting rigorous evidential standards for AOs.
Jun 19, 20244 min read
A Double-Edged Sword for Appellate Tribunals: Kerala HC Rules that Non-Prosecution Is No Ground for Dismissal
Kerala HC mandates ITAT to consider appeals on merits, enhancing fair adjudication.
Jun 17, 20243 min read
GAAR Prevails Over SAAR: Telangana High Court Reaffirms Substance Over Form in Tax Avoidance Cases
Telangana HC rules: Tax schemes must show real economic activity, not just legal formality.
Jun 15, 20244 min read