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[Supreme Court] Unfounded Conclusions or Awards That Disregard Evidence Are Legally Flawed and Can Be Challenged on Grounds of Patent Illegality
SC uses inherent powers to correct perverse arbitral awards in DMRC vs. DAMEPL, emphasizing the significance of patent illegality.
Apr 24, 20245 min read
Rajasthan High Court Clarifies Limitation Period under Section 263 of the Income-tax Act, 1961
The Rajasthan High Court ruled that the limitation period for Section 263 revision should be calculated from the original assessment date.
Apr 22, 20242 min read
NCLT Proceedings Prevail Over Enforcement Directorate Proceedings
Kerala HC ruling emphasizes IBC's authority over PMLA, allowing asset liquidation to proceed balancing legal and creditor interests.
Apr 22, 20243 min read
Beyond the Guidelines: Delhi High Court Upholds Statutory Provisions in Compounding Applications
Delhi HC: Admin guidelines can't override statutes in compounding applications, ensuring fair balance in Earthcon Constructions case.
Apr 20, 20242 min read
Delhi High Court Rules on the Effect of Acquittal in Money Laundering Cases
DHC verdict impacts future money laundering cases, highlighting key legal precedents.
Apr 20, 20243 min read
Defining SARFAESI Boundaries: Supreme Court’s Directives on High Court’s Intervention under Writ Jurisdiction
SC clarifies when HCs should step in under Article 226, emphasizing strict adherence to SARFAESI processes and remedies.
Apr 19, 20244 min read
Cannot Initiate CIRP When a Pre-existing Dispute Exists: NCLAT
Introduction In a judgment titled Akbar Travels of India Pvt. Ltd. v. Ritco Travels & Travels Pvt Ltd [i] , the National Company Law...
Apr 18, 20243 min read
Supreme Court Clarifies: Conspiracy & Scheduled Offence under Section 120B IPC in the Context of the PMLA
SC rules on PMLA, stating no proceeds of crime without a scheduled offence, safeguarding against misuse.
Apr 18, 20243 min read
Addendum Acting Retrospectively May Be Valid if it Clarifies The Relationship between the Parties – ITAT Delhi
ITAT Delhi validates retrospective addendum, ensuring consistent contractual intents are upheld in transfer pricing cases.
Apr 18, 20243 min read
Gujarat High Court's Discretionary Bail Decision in CGST Input Tax Credit Allegations
Gujarat HC grants bail in CGST case, stressing evidence over assumptions to balance individual rights and financial integrity.
Apr 18, 20243 min read
Bombay High Court Asserts the Right to Sleep as a Basic Human Right, Directs ED to Regulate the Timing of Recording of Statements
Bombay HC rules on human rights in nighttime ED interrogations, stressing lawful detainment and the right to sleep.
Apr 17, 20244 min read
Decisive Interpretation of Bank Guarantees and Letters of Comfort in Transfer Pricing Cases by Income Tax Appellate Tribunal
Explore ITAT’s pivotal ruling on Axis Bank vs. ACIT, clarifying tax laws on ESOP, NPAs, and transfer pricing adjustments.
Apr 16, 20245 min read
Delhi High Court Upheld Reverse Charge Mechanism: No Inherent Right to Input Tax Credit
Delhi HC's decision clarifies: GST's reverse charge bars inherent claim to ITC, setting a vital precedent.
Apr 15, 20244 min read
Challenges of Parallel Proceedings in GST Enforcement
Navigating the complexities of dual GST investigations, a recent court ruling highlights the need for streamlined authority coordination.
Apr 15, 20243 min read
NCLAT Holds That the Tribunal Has the Power to Recall but Not to Review Its Own Judgment
Explore how NCLAT distinguishes between recall and review powers, affirming strict limits on tribunal interventions.
Apr 14, 20244 min read
Companies Act v. Stamp Act: Supreme Court’s Verdict on Stamp Duty on Increased Share Capital
SC's ruling redefines stamp duty on share capital, clarifying the supremacy of the Companies Act over the Stamp Act.
Apr 13, 20244 min read
Supreme Court Quashes Criminal Proceedings in Cheque Dishonour Case After Full Compensation
SC quashes cheque dishonour case, highlights civil vs. criminal liabilities, and redefines consent in compounding offences under NI Act.
Apr 13, 20244 min read
Assessee's Choice Prevails: Delhi High Court Upholds Right to Select Valuation Method
Delhi HC rules: Assessing officers can't override the valuation method chosen by assesses, reinforcing taxpayers' rights.
Apr 12, 20242 min read
Legal Implications of CIRP: Agency Duties and Corporate Debtor Responsibilities
Explore how agency roles affect CIRP outcomes in the Mukund Rajhans case—a pivotal legal study on corporate debt and insolvency.
Apr 12, 20242 min read
Ensuring Jurisdictional Compliance: Bombay High Court's Decision on NRI Tax Assessments
HC clarifies tax jurisdiction, safeguarding NRI taxpayer rights against improper AO assessments.
Apr 11, 20242 min read