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Personal Guarantors in CIRP: NCLAT Explains that Guarantors’ Eligibility as Financial Creditors Under IBC is Conditional on Debt Discharge
Personal guarantors can claim creditor rights in CIRP only after discharging liabilities, ensuring fair voting rights for secured creditors.
Dec 12, 20244 min read
Delhi High Court Quashes Reassessment: Upholds Statutory Time Limits in Tax Cases
The Delhi HC quashes reassessment notices, reinforcing statutory time limits under the Income-tax Act and clarifying procedural safeguards.
Dec 12, 20243 min read
Jurisdictional Integrity in GST Investigations: Karnataka High Court Quashes Proceedings Based on Improper Officer Actions
The Karnataka High Court voided GST proceedings, citing jurisdictional lapses and improper officer actions, reinforcing procedural integrity
Dec 9, 20244 min read
Presumption of Guilt: Supreme Court Restores Conviction in Corruption Case under Prevention of Corruption Act
The SC restores conviction in a bribery case, reinforcing evidentiary standards and accountability under the Prevention of Corruption Act.
Dec 7, 20244 min read
Exploring the Interplay Between Legal and Beneficial Ownership: Insights from the LinkedIn India Case
Discover the legal nuances of beneficial ownership, corporate governance compliance, and lessons from the LinkedIn India case.
Dec 6, 202414 min read
Taxation of Virtual Digital Assets: ITAT Holds Bitcoin Gains to be Taxed as Capital Assets
ITAT rules Bitcoin gains as capital assets, taxable under capital gains, not other income, pre-A.Y. 2022-23.
Dec 6, 20244 min read
Elevating Justice: The Imperative Role & Challenges of Special Courts in Economic Offences Prosecution
Special Courts expedite justice in economic offences, addressing complex financial crimes with expertise while navigating systemic challenge
Dec 5, 202412 min read
CBDT 2024 Amendment: Safe Harbour Rules for Foreign Companies Selling Raw Diamonds in Special Notified Zones
CBDT amends 2024 Safe Harbour Rules, extending coverage for foreign companies selling raw diamonds in Special Notified Zones.
Dec 4, 20243 min read
Comprehensive v. Partial Dispute Resolution: Delhi High Court Restricts the Scope of Settlement under the DTVSV Act
Delhi High Court upholds taxpayer rights under the DTVSV Act, clarifying the autonomy to settle specific disputes without Revenue compulsion
Dec 3, 20244 min read
Economic Offences under IPC: Challenges and Legal Evolution
Economic offences in India challenge traditional laws like the IPC, requiring modern frameworks to tackle evolving financial crimes.
Dec 2, 20247 min read