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Sep 23, 20243 min read
GST Liability on Annuities: Andhra Pradesh High Court Clarification
An Andhra Pradesh High Court ruling clarifies GST liability timing for annuity payments in infrastructure projects under the HAM.
Sep 23, 20243 min read
SAFEMA Tribunal Clarifies Fiduciary Capacity under the Benami Act
The Tribunal clarified that holding assets in a fiduciary capacity can exempt transactions from being classified as benami under the law.
Sep 23, 20244 min read
Scope of Asset Freezing: Tribunal Upholds ED’s Authority Under PMLA in RAP Events Case
Tribunal upholds ED's freezing of accounts under PMLA, affirming a strict approach to proceeds of crime in financial investigations.
Sep 20, 20244 min read
PMLA v. CrPC: Supreme Court Clarifies Scope of ED's Summons Under PMLA Over CrPC Safeguards
SC affirms ED's powers under PMLA exceed CrPC limits, ensuring robust scrutiny without regional or gender constraints.
Sep 20, 20246 min read
Supreme Court Strikes a Balance Between Liberty & Law: Upholds Arrest Legality but Grants Bail
The Supreme Court reevaluates arrest norms and grants bail, affirming constitutional rights amid legal complexities.
Sep 17, 20243 min read
NCLAT Rejects Secured Status for Tax Dues Under MPVAT in Insolvency Proceedings
NCLAT rules MPVAT tax dues cannot be classified as secured debt in insolvency, reinforcing IBC's creditor hierarchy and priority rules.
Sep 16, 20243 min read
SAFEMA Clarifies: Statements Recorded Under the Income Tax Act Can Be the Basis for Proceedings Under Other Statutes
SAFEMA upholds the validity of IT Act statements for initiating diverse statutory proceedings.
Sep 16, 20247 min read
ITAT: Validity of Protective Assessments Against Struck-Off Companies
The ITAT upheld tax assessments on dissolved companies under s.176, emphasising statutory compliance and addressing corporate tax obligation
Sep 14, 20243 min read
Supreme Court Clarifies Anticipatory Bail Rights for Accused in Custody in Another Case
The SC affirms the right to seek anticipatory bail, even if in custody for a different case, reinforcing the protection of personal liberty.
Sep 14, 20244 min read
Commercial Wisdom and Operational Creditors: NCLAT's Decision in Insolvency Resolution
The NCLAT ruling highlights the balance between creditor rights and commercial wisdom in insolvency, raising questions on equity for OCs.
Sep 14, 20243 min read
ITAT Delhi Affirms DTAA Tax Residency Benefits for the US LLCs
ITAT Delhi grants DTAA benefits to the US LLC, affirming that tax residency can exist independently of actual tax payments.
Sep 10, 20243 min read
Maintenance Provisions Not Meant to Create an Army of Idlers: Madhya Pradesh High Court Reaffirms
The MP High Court rules that maintenance provisions are meant for support, not for enabling capable spouses to avoid self-reliance.
Sep 9, 20243 min read
What Makes a Case for Bail: Supreme Court on Ongoing Investigations, Prolonged Incarceration, and the Tenets of Article 21
Examining how prolonged incarceration, ongoing investigations, and constitutional rights shape the grant of bail under PMLA cases.
Sep 9, 20243 min read
Madras High Court Clarifies the Validity of Formal Arrests in Judicial Custody
Madras HC examines PMLA v. CrPC conflicts, affirming procedural norms for arrests without physical custody.
Sep 9, 20244 min read
Madras HC: Money Laundering Covers All Activities Involving Proceeds of Crime
Madras HC confirms, even without possession, any dealings with crime proceeds constitute money laundering under PMLA.
Sep 8, 20243 min read
Supreme Court Cancels Bail in Cooperative Society Fraud, Emphasizing Judicial Scrutiny in Economic Offences
The Supreme Court's decision underscores the need for strict scrutiny in granting bail for economic offences affecting public interest.
Sep 7, 20243 min read
Supreme Court Clarifies Interpretation of Special Treatment for Women under the PMLA
Exploring the Supreme Court's nuanced stance on anticipatory bail within the SC/ST Act through pivotal rulings.
Sep 7, 20243 min read
NCLAT Clarifies Timing for Filing Section 12A of the IBC Applications Post-Liquidation
NCLAT clarifies that Section 12A applications are only permissible during CIRP, not post-liquidation.
Sep 7, 20246 min read
Breaking the Chains of Prolonged Detention: Supreme Court Reaffirms Bail Rights in Economic Offences
The SC reaffirms bail principles under the PMLA, ensuring fair treatment in cases involving economic offences and personal liberty.
Sep 1, 20243 min read
Delhi High Court Clarifies Rights on Seized Assets and Refunds Under the CGST
The Delhi High Court highlights petitioners’ rights concerning seized assets and the refund process during tax investigations under CGST.