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Delhi HC: Judicial Analysis of Interplay Between Sections 153C and 147 in Tax Reassessment
Delhi HC clarifies interplay between ss. 153C and 147, ensuring reassessment integrity while balancing procedural and jurisdictional powers.
Nov 30, 20244 min read
Supreme Court Clarifies the Scope of Section 195 of the CrPC While Preventing Erosion of Public Trust
The Supreme Court reaffirms judicial accountability by clarifying procedural bars under Section 195 CrPC, ensuring trust in justice.
Nov 30, 20243 min read
Cyber Fraud and Bank Liability: Delhi HC Ruling on RBI Consumer Protection
Delhi High Court clarifies banks’ liability in cyber fraud cases, reinforcing RBI’s consumer protection framework against digital scams.
Nov 30, 20246 min read
Assessing Officer’s Duty to Conduct an Independent Inquiry: ITAT Clarifies the Burden of Proof under Section 68 of the Income-Tax Act
ITAT highlights the importance of evidence over procedural lapses, clarifying the Assessing Officer's duty under s. 68 of the Income-Tax Act
Nov 30, 20244 min read
Jail is the Exception: Delhi High Court Reaffirms Article 21 in Granting Bail Under PMLA
The Delhi HC grants bail under PMLA, stressing a. 21 rights and balancing stringent bail conditions with trial delays and liberty concerns.
Nov 30, 20245 min read
Advance Pricing Agreements in India: Resolving Transfer Pricing Disputes
India's APA framework fosters certainty in transfer pricing, reducing litigation and creating an investor-friendly tax environment for MNCs.
Nov 29, 202417 min read
The Impact of Deepfake Technology: Legal Risks and Regulatory Solutions
Explore how deepfake technology poses legal challenges and the global regulatory frameworks aiming to mitigate these risks.
Nov 26, 202417 min read
Supreme Court Clarifies DRI Jurisdiction Under Customs Act: Proper Officer Reinterpreted
The Supreme Court upheld the authority of DRI officers to issue customs demands under Section 28 of the Customs Act. Reversing its 2021 judgment in Canon India, the Court validated retrospective amendments and affirmed legislative competence to correct interpretational errors, settling years of litigation and reinforcing administrative stability in customs enforcement.
Nov 26, 20244 min read
Bombay High Court Clarifies Revenue v. Capital Expenses under Income-tax Act
The Bombay High Court ruled that broken period interest and debenture issuance expenses qualify as deductible business expenditure.
Nov 25, 20243 min read
Equitable Enforcement of Contracts: The Supreme Court Reiterates Principles of Specific Performance, Limitation, and Lis Pendens
The Supreme Court revisits principles of specific performance, limitation, and lis pendens in a landmark case on contract enforcement.
Nov 23, 20244 min read
Delhi High Court: Prosecution under the Black Money Act Not Contingent on Completion of Assessment
Delhi HC affirms that prosecution under the Black Money Act can proceed independently of tax assessment proceedings under s. 10.
Nov 23, 20244 min read
NCLAT: Sale of Corporate Debtor as Going Concern Prevails Over Scheme of Arrangement
The NCLAT Chennai upheld the priority of selling a corporate debtor as a going concern, aligning with the IBC's goals of value maximisation.
Nov 23, 20244 min read