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NCLAT Clarifies: Security Deposit Refunds Do Not Qualify as Operational Debt Under IBC
NCLAT ruling: Conditional security deposits can't be claimed as IBC operational debt.
Jun 7, 20243 min read
ITAT Upholds Eligibility of CSR Donations for Tax Deductions under S. 80G of the Income-tax Act
ITAT rules CSR donations qualify for tax relief under Section 80G, affirming procedural fairness and legislative intent.
Jun 6, 20244 min read
Supreme Court Upholds Liberty Against Stringent NDPS Bail Conditions
SC decision frees man after 2 years, highlighting the right to a speedy trial and justice over strict NDPS bail rules.
Jun 6, 20242 min read
Unstamped Agreement Does Not Nullify Operational Debt Claim under the IBC: NCLAT
NCLAT ruling safeguards OCs' rights, affirming unstamped contracts still hold under IBC.
Jun 1, 20243 min read
FERA Provisions Upheld for Pre-FEMA Offences: Conviction Maintained, Sentence Adjusted for Elderly Offender
FERA rules apply retroactively in a key ruling, with sentence adjustments for age considerations.
Jun 1, 20243 min read
GST: Allahabad HC Quashed the Proceedings Due to Procedural Irregularities in Search Authorization
Introduction In the case of Excellentvision Technical Academy (P.) Ltd. v. State of U.P [i] . at the High Court of Allahabad (‘HC’),  the...
Jun 1, 20242 min read
Writ Petition Dismissed: Delhi HC Upholds AO’s Statutory Authority in Transfer Pricing Reference
Delhi HC confirms AO's power under s. 92CA, emphasizing prescribed procedural remedies.
May 31, 20242 min read
Madhya Pradesh High Court Mandates Release of Non-Relied Documents in GST Case
The Madhya Pradesh HC ruling bolsters transparency, affirming rights in tax proceedings by mandating document disclosure.
May 31, 20243 min read
[Supreme Court] SC Upholds ICAI's Cap of 60 Tax Audits Per Chartered Accountant Each Assessment Year
SC endorses ICAI's audit cap, balancing public interest with CA practice rights, effective 04/2024.
May 30, 20245 min read
Taxability at a Concessional Rate Based on the India-Cyprus DTAA
ITAT backs Cyprus firm in the DTAA case, affirming its right to a 10% tax rate on CCD interest earnings.
May 28, 20243 min read
[Allahabad HC] Seizure and Penalty Orders Overturned Due to Lack of 'Mens Rea' for Tax Evasion by Department
Allahabad HC rules against tax penalties, citing insufficient proof of intent to evade GST.
May 27, 20243 min read
Authorization Under S.153A of the Income-tax Act Requires More Than Mere Mention in a Panchnama
High Court rules that mere name mention does not justify a Section 153A notice, ensuring strict adherence to legal protocols.
May 25, 20243 min read
Calcutta HC Emphasizes Legal & Procedural Integrity in Willful Defaulter Declarations: Reliance on Flawed Transaction Audit Report Invalidated
Calcutta HC rules against using flawed TAR for willful defaulter declarations.
May 25, 20244 min read
Summons v. Warrant: Supreme Court Clarifies Procedure under PMLA
SC's landmark ruling on PMLA balances the accused' rights and procedural needs, favouring summons over warrants for fair justice.
May 25, 20244 min read
NCLAT Overturns NCLT Order Confirming Lack of CLB's Jurisdiction to Punish for Contempt Under the Companies Act
NCLAT rules CLB can't punish for contempt under Companies Act, dismissing NCLT's prior ruling.
May 25, 20244 min read
Upholding Constitutional Rights: Prabir v. State (NCT of Delhi)
SC upholds constitutional rights in Prabir v. State (NCT of Delhi), emphasizing the necessity of written grounds for arrest.
May 25, 20243 min read
[Jharkhand HC] Summoned Person Not to Be Forced by GST Officers to Depose Statement After Office Hours
Jharkhand HC rules against forcing statements from summoned individuals outside office hours, citing legal and constitutional norms.
May 25, 20243 min read
ITAT Affirms the Non-Taxability of Interest Payments by Indian Bank Branches to their Head Offices under the India-France DTAA
ITAT decision clarifies tax exemption on Indian banks' interest payments to HQs, guided by India-France DTAA.
May 24, 20245 min read
Delhi HC Overrules Use of Bright Line Test for AMP Expenses in Transfer Pricing Cases
Delhi HC rules BLT unfit for ALP calculations in multinational AMP expense cases.
May 24, 20242 min read
CCI Rejects Case Over Jurisdictional Limits: No Competition Law Violations Found
CCI clarifies its role, focusing solely on competition issues, not fraud or civil disputes.
May 23, 20243 min read