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Public Interest or Personal Grievance: Supreme Court Preserves Judicial Integrity and Dismisses Writ by a Heart Surgeon
Introduction In the case of K.M. Cherian v. Union of India [ i ] , the Petitioner, a distinguished heart surgeon and founder of Frontier...
Feb 5, 20243 min read
No Penalty for Technical Error Without Intent to Evade Tax: Allahabad High Court Quashes SGST Orders
Introduction In the matter of M/s Ashoka P.U. Foam (India) Pvt. Ltd. v. State of U.P. and Ors [i] , the Petitioner filed a writ petition...
Feb 3, 20243 min read
A Transfer Without Consideration: ITAT’s Landmark Verdict on Capital Loss
Introduction In the case of M/s Tata Sons Limited v. Commissioner of Income Tax-2 [i] , the Income Tax Appellate Tribunal, Mumbai (...
Feb 3, 20243 min read
Imposition of a Penalty on Grounds Not Mentioned in the Show Cause Notice Violates Principles of Natural Justice
Allahabad High Court rules SCN adherence mandatory, upholding justice principles.
Feb 2, 20243 min read
Rajasthan High Court on GST Overreach: Section 73 Show Cause Notice Quashed After Section 61 Acceptance
Rajasthan HC quashes GST SCN under Section 73, ruling it invalid post-Section 61 acceptance—reinforcing limits on tax jurisdiction.
Feb 1, 20244 min read
DTAA Deliberations: ITAT Decodes the Taxability of FTS in India
Introduction The recent ruling in Solvay Asia Pacific Pte. Ltd. v. Deputy Commissioner of Income-tax. (IT), Circle-3(1)(2), International...
Feb 1, 20244 min read
Ensuring Procedural Fairness and Evidentiary Rigor: A Case Analysis of DCIT v. Hitel Nitin Shah
Explore the nuances of tax law as we dissect the DCIT v. Hitel Nitin Shah case, emphasizing justice and evidential precision.
Feb 1, 20244 min read
Deciphering Financial Debt: NCLAT Affirms Non-Applicability of IBC to Financial Service Providers
Introduction The National Company Law Appellate Tribunal, New Delhi ( ‘NCLAT’ ) in the case of Globe Capital Market Ltd. v. Narayan...
Jan 31, 20244 min read
[ITAT Delhi] – Reopening Under s. 148 of the ITA Held Void Ab Initio as Mere Repatriation of Funds Did Not Lead to Escapement of Income
ITAT Delhi rules in favor of BCP V Singapore, declaring AO's reassessment void due to no income escape and procedural lapses.
Jan 31, 20243 min read
[Jharkhand HC] Reassessment Without Concrete Evidence is Unmaintainable
Jharkhand HC decision: Invalid reassessment without solid evidence cannot proceed, upholding principles of justice.
Jan 31, 20243 min read
Supreme Court Resolves Performance Bank Guarantee Dispute in Jet Airways Case: NCLAT Urged to Expedite Appeal
Introduction In this case, SBI & Ors. v. Consortium of Murari Lal Jalan and Florian Fritsch & Anr . [i] , the appeals before the Hon’ble...
Jan 31, 20243 min read
No Predicate Offence, No Money Laundering: Delhi High Court Upholds Acquittal of Dr. Jeevan Kumar
Introduction In the case of Jeevan Kumar v. Directorate of Enforcement [i] , a petition was filed in the High Court of Delhi ( ‘Court’ )...
Jan 30, 20243 min read
ITAT Strikes Down Notice under S. 148 of the IT Act for Lack of Prima Facie Satisfaction
Introduction In the recent case of AEP Investments (Mauritius) Ltd. v. The ACIT Circle Int Tax 1(1)(1), Delhi [i] , the Income Tax...
Jan 29, 20243 min read
NCLAT Rejects the Corporate Debtor’s Late Financial Claim After CIRP Approval
NCLAT enforces strict CIRP timelines, dismissing Kotak Bank's 738-day late claim.
Jan 25, 20242 min read
Insolvency Resolution Process: Adherence to Procedural and Jurisdictional Requirements under IBC
Introduction The Insolvency and Bankruptcy Code, 2016 ( ‘IBC’ ) has been a transformative legislation in India, aiming to provide a...
Jan 24, 20243 min read
Comprehensive Analysis of Set-Off Applicability Under the Insolvency and Bankruptcy Code
Introduction In the recent case of Bharti Airtel Ltd. ( ‘BAL’ ) v. Vijaykumar V. Iyer [i] , the Hon’ble Supreme Court ( ‘SC’ ) clarified...
Jan 23, 20244 min read
Decoding the Grey: ITAT Upholds Revenue’s Stance Against Penny Stock Schemes
Explore the ITAT's decisive ruling on tax exemptions for penny stock gains. A critical look at legal complexities.
Jan 22, 20243 min read
Dissecting S. 29A of the IBC: NCLAT Clarifies Resolution Applicant Eligibility in Insolvency Cases
Introduction This case, Vishram Narayan Panchpor v. Committee of Creditors [i] , involves an appeal before the National Company Law...
Jan 22, 20243 min read
Dissenting Financial Creditors and Resolution Plans under IBC: Division Bench of Supreme Court Refers Matter to a Larger Bench
Introduction In the recent judgment in the matter of DBS Bank Limited Singapore v. Ruchi Soya Industries Limited and Another [i] , the...
Jan 22, 20244 min read
[SC] SLP Filed by Income-Tax Department Dismissed on the Ground of Delay of 325 Days
Supreme Court stresses timeliness in rejecting a delayed tax appeal, underscoring legal punctuality's importance.
Jan 19, 20242 min read