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Madhya Pradesh High Court Mandates Release of Non-Relied Documents in GST Case
The Madhya Pradesh HC ruling bolsters transparency, affirming rights in tax proceedings by mandating document disclosure.
May 31, 20243 min read
[Supreme Court] SC Upholds ICAI's Cap of 60 Tax Audits Per Chartered Accountant Each Assessment Year
SC endorses ICAI's audit cap, balancing public interest with CA practice rights, effective 04/2024.
May 30, 20245 min read
Taxability at a Concessional Rate Based on the India-Cyprus DTAA
ITAT backs Cyprus firm in the DTAA case, affirming its right to a 10% tax rate on CCD interest earnings.
May 28, 20243 min read
Issuance Of Partly Paid Units to Non-Residents by Investment Vehicles
RBI's latest circular clarifies regulations on AIFs issuing partly paid units to overseas investors, ensuring compliance and transparency.
May 28, 20243 min read
[Allahabad HC] Seizure and Penalty Orders Overturned Due to Lack of 'Mens Rea' for Tax Evasion by Department
Allahabad HC rules against tax penalties, citing insufficient proof of intent to evade GST.
May 27, 20243 min read
SEBI's Framework on Unaffected Price for Transactions Upon Confirmation of Market Rumours
Explore how SEBI safeguards deal integrity and fair valuations in the face of market rumours with its latest regulatory update.
May 27, 20244 min read
Authorization Under S.153A of the Income-tax Act Requires More Than Mere Mention in a Panchnama
High Court rules that mere name mention does not justify a Section 153A notice, ensuring strict adherence to legal protocols.
May 25, 20243 min read
Calcutta HC Emphasizes Legal & Procedural Integrity in Willful Defaulter Declarations: Reliance on Flawed Transaction Audit Report Invalidated
Calcutta HC rules against using flawed TAR for willful defaulter declarations.
May 25, 20244 min read
Summons v. Warrant: Supreme Court Clarifies Procedure under PMLA
SC's landmark ruling on PMLA balances the accused' rights and procedural needs, favouring summons over warrants for fair justice.
May 25, 20244 min read
NCLAT Overturns NCLT Order Confirming Lack of CLB's Jurisdiction to Punish for Contempt Under the Companies Act
NCLAT rules CLB can't punish for contempt under Companies Act, dismissing NCLT's prior ruling.
May 25, 20244 min read
Upholding Constitutional Rights: Prabir v. State (NCT of Delhi)
SC upholds constitutional rights in Prabir v. State (NCT of Delhi), emphasizing the necessity of written grounds for arrest.
May 25, 20243 min read
[Jharkhand HC] Summoned Person Not to Be Forced by GST Officers to Depose Statement After Office Hours
Jharkhand HC rules against forcing statements from summoned individuals outside office hours, citing legal and constitutional norms.
May 25, 20243 min read