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Cheating Requires Inducement, Merely Receiving Money from the Victim Insufficient: SC Quashes Criminal Proceedings
Introduction In a significant judgment that clarifies the legal boundaries of criminal liability in cases of alleged cheating, the...
Mar 25, 20243 min read
Legal Oasis: Bombay High Court affirms Clean Slate Principle in Resolution Plan Approval
Introduction The Hon’ble Bombay High Court ( ‘BHC’ ), in its recent judgment in Shirdi Industries Ltd. v. Art Studio [i] , addressed an...
Mar 25, 20243 min read
Income Tax Assessments Insufficient for Dismissing Corruption Charges
Introduction In the matter of Puneet Sabharwal v. CBI [i] , the Hon’ble Supreme Court (‘SC’) dismissed the appeals seeking to discharge...
Mar 23, 20245 min read
[Supreme Court] Harsher Punishments Under a New Law Cannot Be Imposed Retrospectively (Article 20), But Lighter/Reduced Punishments in Such Law Can Benefit the Accused
SC: Article 20 prevents harsher punishments retroactively, but lighter penalties under new laws can benefit the accused.
Mar 22, 20243 min read
[Delhi HC] Grants Bail in PMLA Case After Considering ‘Twin Conditions’ and Insufficient Evidence of Offense
Delhi HC grants bail in PMLA case, noting 'twin conditions' and lack of evidence to support alleged offense did not occur.
Mar 22, 20246 min read
From Suspicion to Substantiation: ITAT holds that Proof Prevails over Presumption in Tax Law
Introduction The case of Alchemist Touchnology v. ACIT [i] Â is a significant one brought before the Income Tax Appellate Tribunal, Delhi...
Mar 19, 20242 min read
Pre-determined Assessment Invalid: Madras High Court Strikes Down Income Tax Order
Madras High Court rules that fairness in tax assessments is paramount, striking a blow for justice and taxpayer rights.
Mar 18, 20243 min read
NCLAT Dismisses the Application Filed Under S. 9 of the IBC: Pre-Existing Dispute at the Forefront
NCLAT rules on the importance of resolving disputes before filing under s. 9 of the IBC.
Mar 18, 20243 min read
Subsidiary Shares Held by the Parent Company Are Not Taxable as 'Supply of Service' Under the GST Regime
HC Clarifies: No GST on Shares Held by Parent Companies—Corporate Taxation Simplified!
Mar 18, 20243 min read
Regulatory Oversight and Fairness: The Supreme Court's Ruling on Company Name Restoration
Introduction The recent judgment from the Hon’ble Supreme Court ( ‘SC’ ) in the case of R. P. Casting (P.) Ltd. v. Registrar of...
Mar 18, 20243 min read
Deciphering Jurisdictional Limits: GST Enforcement and the Absence of Penalties
Explore how a key GST penalty case was overturned due to procedural errors and jurisdictional oversteps by tax authorities.
Mar 16, 20242 min read
Amendment Aftermath: SAFEMA Appellate Tribunal Clarifies Applicability of 2016 Amendment in Benami Law
Introduction In a recent ruling by the Appellate Tribunal ( ‘Tribunal’ ) for the Smugglers and Foreign Exchange Manipulators (Forfeiture...
Mar 16, 20243 min read