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Supreme Court Upholds Constitutional Validity of Ss. 95 to 100 of the IBC Provisions Relating to Personal Guarantors
Landmark SC ruling affirms key IBC sections, ensuring fair insolvency processes for personal guarantors.
Nov 24, 20234 min read
Supreme Court’s ruling on the MFN Clause in DTAAs between India and OECD Member Countries
Introduction Justice Ravindra Bhat of the Supreme Court has delivered a landmark judgment in AO Circle v. Nestle SA [ i ] on the...
Nov 22, 20234 min read
The Apex Court Denies Bail to Manish Sisodia - Legal Analysis
Introduction The Apex Court, recently in Manish Sisodia v. Central Bureau of Investigation [i] , denied bail to the former Deputy Chief...
Nov 21, 20235 min read
Impact of CIRP and Moratorium on Tax Appeals: Analysis of ITAT’s Decision
Introduction The Income Tax Appellate Tribunal ( ‘ITAT' ), Delhi Bench, recently rendered a significant decision in the case of DCIT v....
Nov 14, 20233 min read
Supreme Court’s Landmark Decision: Equal Treatment to Government’s Secured Claims in IBC Cases
Introduction Recently in the case of Sanjay Kumar Agarwal v. State Tax Officer & Anr . [i] , the Supreme Court of India ( ‘SC’ )...
Nov 6, 20233 min read
Preserving Judicial Integrity: Limits on Second Petitions under s. 482 of CrPC
Introduction The case Bhisham Lal Verma v. State of Uttar Pradesh & Anr. [i] revolves around the maintainability of a second petition...
Nov 3, 20233 min read
P&H High Court Quashes Summons in GST Inquiry: Explains Scope & Use of S. 70 of CGST Act
Introduction In the case of Rakesh Janghu v. Union of India [i] , the Hon’ble Punjab & Haryana High Court ( ‘the Court’ ) disposed of a...
Nov 1, 20233 min read
Substance over Form: Supreme Court Interprets Contemporaneous Agreements in IL&FS – HDFC Dispute
Introduction Recently in the case of IL&FS Ltd. v. HDFC Bank Ltd. & Anr. [i] , the Hon'ble Supreme Court ( 'the SC' ) guided how...
Nov 1, 20233 min read
SC Protects Right to Privacy and Sets 12 Principles for S. 313 CrPC
Introduction In this landmark decision, Indrakunwar v. State of Chhattisgarh [i] , the Supreme Court ( ‘SC’ ) allowed a criminal appeal...
Oct 31, 20235 min read
CBI v. R.R.Kishore: Supreme Court declares Provision of DSPE Act Void since Inception
Introduction On 11.09.2023, the Hon'ble Supreme Court ( 'the SC' ) of India delivered a landmark judgment addressing the retrospective...
Oct 17, 20235 min read
Understanding the Karta's Powers: Supreme Court's Ruling in N.S. Balaji Case
Introduction [SC] The Karta of a Hindu Undivided Family (HUF) can sell, dispose of, or transfer any property owned by the HUF, even if a...
Oct 14, 20234 min read
ITAT Delhi Ruling: WhatsApp Chats Alone Insufficient for Addition under S. 69C of the Income Tax Act
In the case of Designers Point (India) P. Ltd. v. ACIT, New Delhi [i] , the Income Tax Appellate Tribunal – Delhi (‘ITAT’) allowed the...
Oct 13, 20233 min read
Legal Safeguards and Transparency Under S. 19 Of The PMLA: Pankaj Bansal v. Union of India
Introduction The case at hand pertains to a significant legal matter involving the interpretation and application of s. 19 of the...
Oct 12, 20235 min read
[Telangana HC] GST Implications of Personal Guarantees by Directors
Introduction It is a common practice for companies to borrow money, and/or raise a loan from banks and/or financial institutions during...
Oct 9, 20234 min read
Assessee Loses Appeal before ITAT for Lack of Participation and Evidence
Introduction In the matter of M/s Adim Jati Seva Sahkari Samiti Maryadit v. The Income Tax Officer – 2, Korba [i] , the Income Tax...
Oct 6, 20234 min read
Taxing Net Income, Not Gross Receipts: ITAT’s Clarification on Charitable Trust’s Taxation
ITAT rules on proper tax base for charities, stressing net income and registration impacts.
Oct 3, 20233 min read
Beyond Confessions: A Legal Deconstruction of the Supreme Court’s Verdict on Circumstantial Evidence
Introduction On 21.09.2023, the Hon’ble Supreme Court ( ‘SC’ ) delivered a landmark verdict in the case of Rajesh & Anr. v. State of...
Sep 25, 20235 min read
[Bombay HC] Reassessment requires approval of a Specific Authority, not the AO’s change of mind
In the case of Siemens Financial Services Pvt. Ltd. v. DCIT, Mumbai and Ors. [i] , the Bombay High Court analyzed the arguments presented...
Sep 23, 20235 min read
Attachment Order under PMLA Set Aside as Reasons to Believe Not Recorded Properly
Introduction This case, Smt. Suma Sooraj v. ED [i] pertains to an appeal challenging the confirmation of a Provisional Attachment Order...
Sep 15, 20233 min read
NCLAT: IBC applies to Personal Guarantors Regardless of the CIRP Status of Corporate Debtor
Introduction The case Mahendra Kumar Agarwal v. PTC India Financial Services Ltd. [ i ] addresses a contentious issue: whether a...
Sep 15, 20235 min read