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Feb 13 min read
CBDT Notifies Income-Tax (Second Amendment) Rules, 2025: Key Changes for VC Funds & IFSC Finance Companies
CBDT’s latest amendment prescribes conditions for VC Funds & IFSC Finance Companies under Sections 10(23FB) & 94B of the Income-Tax Act.
Jan 313 min read
Delhi High Court Reinforces Statutory Limitation in Tax Reassessment Proceedings
Delhi HC reinforces adherence to Delhi HC rules reassessment notices issued beyond statutory limitation invalid.
Jan 314 min read
Strict Interpretation of Section 101 of the IBC: NCLAT Says No Scope for Extending Moratorium Beyond 180 Days
NCLAT rules that the moratorium under Section 101 of the Insolvency and Bankruptcy Code is mandatory and cannot exceed 180 days.
Jan 313 min read
Issuance of SCN by State GST Officer – Whether Proper or Not? Kerala High Court Clarifies
Kerala High Court upholds State GST officers’ authority to issue SCNs under CGST Act, clarifying cross-empowerment provisions.
Jan 285 min read
Delhi High Court on the Proportionality of Penalties Under Section 129 of the CGST Act
Delhi HC affirms proportionality in GST penalties, ruling that minor e-way bill lapses shouldn’t attract severe fines under Section 129.
Jan 274 min read
Supreme Court Reiterates — Not All Provocation Will Reduce The Crime Of Murder To Culpable Homicide
The SC explains the conditions for applying the exception of grave and sudden provocation under s. 300 of the IPC in homicide cases.
Jan 254 min read
Property Attachment under PMLA: Appellate Tribunal Clarifies that Ownership and Possession Remain Unaltered
Can property attachment under PMLA affect ownership and possession? The Appellate Tribunal weighs in on this crucial legal question.
Jan 255 min read
MFN Clause Not Self-Executing: Supreme Court Reiterates the Requirement of Notification for the MFN Clause in DTAAs to Apply
The Supreme Court rules that the MFN clause in DTAAs is not automatic and requires government notification under the Income-tax Act, 1961.
Jan 252 min read
Revised Arrest & Bail Guidelines Under the CGST Act: Key Amendments & Implications
CBIC revises GST arrest guidelines, mandating written grounds of arrest to ensure procedural compliance and safeguard legal rights.
Jan 253 min read
Orissa HC Upholds Assessee’s Right to Compounding for TDS Default under Section 276B of the Income-tax Act,1961
Orissa HC rules that assessees facing TDS prosecution under s. 276B can seek compounding under s. 320 CrPC per CBDT Circular guidelines.
Jan 244 min read
Supreme Court Clarifies Maintenance Rights Over Marital Obligation
The SC clarifies that a wife’s right to maintenance under s. 125 of the CrPC is not negated by a restitution decree in the husband's favour.
Jan 234 min read
AP High Court Clarifies GST on Solar Power Plants: Composite Supply, Not Works Contract
The AP High Court rules that setting up solar power plants is a composite supply under GST, rejecting the works contract classification.