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Tribunal Confirms Asset Confiscation Under FERA, Differentiating Adjudication from Prosecution Proceedings
The Tribunal upheld asset confiscation under FERA, affirming that prosecution and adjudication proceedings are independent processes.
Aug 20, 20243 min read
Finance Act 2024: Insertion of S. 74A into the CGST Act, 2017, for Streamlining the Issuance of Demand Notices under GST
New s. 74A in the CGST Act consolidates GST recovery, removing the distinction between fraud and non-fraud cases from FY 2024-25.
Aug 20, 20244 min read
[Delhi HC] Settlement for Dispute Regarding Sweat Equity Shares Taxable as Long-term Capital Gains, Not Salary
Delhi HC rules settlement from sweat equity share disputes as capital gains, not salary.
Aug 19, 20244 min read
Maharashtra GST Department Issues Guidelines for Recovery of Dues Following First Appeal Disposal Â
Maharashtra GST outlines new recovery guidelines post-first appeal, ensuring taxpayer compliance and easing legal burdens.
Aug 19, 20243 min read
From a Trump Card to a Trumped Card: PMLA – A Law Adrift from its Original Purpose
Explore how the PMLA, once a key legal tool, now risks misuse and overreach, deviating from its core anti-money laundering aims.
Aug 17, 202410 min read
Breaking the ‘Snake & Ladder’ Cycle: Supreme Court Upholds Right to Speedy Trial, Grants Bail Amid Prolonged Incarceration in PMLA Cases
Supreme Court grants bail, emphasises right to speedy trial in PMLA case, marking a judicial shift.
Aug 17, 20246 min read
Compounding of Offences under the Customs Act: A Mechanism for Efficient Dispute Resolution
Compounding of Offences under the Customs Act: A Mechanism for Efficient Dispute Resolution
Introduction
The compounding of offences offers
Aug 16, 20249 min read
Acquittal in Cheque Bounce Case: Supreme Court Emphasises Evidence Over Presumption
SC upholds acquittal in cheque bounce case, emphasising robust evidence over mere legal presumption.
Aug 16, 20244 min read
Calcutta High Court Clarifies Personal Guarantor's Liability in Debt Assignment
Calcutta HC rules on PG liabilities, affirming non-exemption in debt shifts, upholding creditor rights under specified conditions.
Aug 16, 20243 min read
Reconciling Rights with Enforcement: Analyzing the Evidentiary Value of Statements Recorded under the CGST & Customs Acts
Exploring how statements under CGST & Customs Acts challenge self-incrimination rights.
Aug 14, 202412 min read
NCLT Kolkata: Leasehold Rights Cannot Be Terminated Through Resolution Plan Without Due Process
NCLT Kolkata holds that leasehold rights cannot be extinguished via resolution plans without adhering to due legal process under IBC.
Aug 14, 20243 min read
[West Bengal AAR] No GST on Physical Bridge Tournaments as They Do Not Constitute ‘Specified Actionable Claims’
West Bengal AAR rules that organising offline bridge tournaments does not qualify as 'specified actionable claims' liable for GST.
Aug 13, 20244 min read