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Enhancing Accountability: CCI’s 2024 Regulations on Interlocutory Applications
Introduction The Competition Commission of India ( ‘CCI’ ) has enacted significant amendments through the CCI (General) Amendment...
Jan 12, 20242 min read
Beyond Boundaries: Absence of Limitation in FEMA Enforcement
The article analyses the intricate realm of the Foreign Exchange Management Act, 1999 ('FEMA') and its remarkable evolution from the...
Jan 11, 202410 min read
Rajasthan HC Emphasizes Timely Compliance & Accountability in Asset Seizure & Release
Rajasthan HC rules on timely asset release in ED seizures, stressing legal compliance and efficiency.
Jan 10, 20243 min read
Transforming Global Tax Practices: An Analysis of ICAI’s BEPS and MLI Technical Guide
Introduction The Institute of Chartered Accountants of India ( ‘ICAI’ ) recently released the second edition of the Technical Guide on...
Jan 10, 20243 min read
Corporate Boards and Decision Making: Impact of Artificial Intelligence (AI)
This article explores the role and impact of artificial intelligence (AI) on decision making in corporate boards and companies' management.
Jan 9, 202411 min read
High Court Quashes SCN issued under CGST Act: Pre-requisites for Issuance of SCNs in GST Proceedings Explained
Introduction The Calcutta High Court ( ‘the Court’ ) recently rendered a decision in the case of Diamond Beverages (P.) Ltd. v. Assistant...
Jan 3, 20243 min read
Supreme Court Rejects Retrospective Application of Pankaj Bansal Case in Supertech Founder’s Arrest under PMLA
Introduction In the matter of Ram Kishor Arora v. Directorate of Enforcement [i] ( ‘ED’ ), the Hon’ble Supreme Court (‘ Apex Court’ )...
Jan 2, 20244 min read
The Power Play: Official Liquidators v. SFIO Investigations
Introduction In a landmark decision by the Allahabad High Court ( ‘the HC’ ), in the case of Reserve Bank of India v. Kubar Mutual...
Jan 2, 20243 min read
[Delhi HC] Cumulative Satisfaction of Twin Conditions Required for Invoking Section 263 Jurisdiction, Income-tax Act, 1961.
Delhi HC sets a precedent on s. 263 jurisdiction: AO orders must be both erroneous and prejudicial to the revenue to be considered valid.
Dec 30, 20233 min read
RBI Notifies the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023
Introduction The Reserve Bank of India ( ‘RBI’ ), exercising its powers conferred by s. 47 of the Foreign Exchange Management ( ‘FEM’ )...
Dec 30, 20232 min read
SARFAESI Act: HC Refuses to Entertain Disputes Under SARFAESI on Grounds of Alternate Remedy
High Court of Punjab & Haryana emphasizes SARFAESI's self-contained remedies, limiting intervention to only unique legal queries.
Dec 29, 20233 min read
CBDT amends the Safe Harbour Provisions
Introduction The Central Board of Direct Taxes (‘CBDT’) has notified the Income-tax (Twenty-Ninth Amendment) Rules, 2023 [ i ] ...
Dec 29, 20233 min read