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FEMA and FCRA: The interplay arising from OI Regulations
This article sheds light on the relationship between two significant laws in India, namely, the Foreign Exchange Management Act, 1999...
Oct 10, 20239 min read
[Telangana HC] GST Implications of Personal Guarantees by Directors
Introduction It is a common practice for companies to borrow money, and/or raise a loan from banks and/or financial institutions during...
Oct 9, 20234 min read
Article 226 and Section 482 - Choice of Remedy?
Indian jurisprudence has long been dedicated to maintaining a balance between individual rights, leading to the development of a...
Oct 9, 20238 min read
Assessee Loses Appeal before ITAT for Lack of Participation and Evidence
Introduction In the matter of M/s Adim Jati Seva Sahkari Samiti Maryadit v. The Income Tax Officer – 2, Korba [i] , the Income Tax...
Oct 6, 20234 min read
Clubbing of Investigations and Trials
The practice of "Clubbing of Investigations and Trials" is a crucial aspect of our criminal justice system. It ensures efficiency and...
Oct 3, 202312 min read
Taxing Net Income, Not Gross Receipts: ITAT’s Clarification on Charitable Trust’s Taxation
ITAT rules on proper tax base for charities, stressing net income and registration impacts.
Oct 3, 20233 min read
Competition Commission of India (CCI) Draft Regulations 2023: Merger Control and Regulatory Changes
Introduction The Competition Commission of India ( ‘CCI’ ) has recently issued the Competition Commission of India (Combinations)...
Sep 25, 20234 min read
Beyond Confessions: A Legal Deconstruction of the Supreme Court’s Verdict on Circumstantial Evidence
Introduction On 21.09.2023, the Hon’ble Supreme Court ( ‘SC’ ) delivered a landmark verdict in the case of Rajesh & Anr. v. State of...
Sep 25, 20235 min read
[Bombay HC] Reassessment requires approval of a Specific Authority, not the AO’s change of mind
In the case of Siemens Financial Services Pvt. Ltd. v. DCIT, Mumbai and Ors. [i] , the Bombay High Court analyzed the arguments presented...
Sep 23, 20235 min read
Draft Guidelines for prevention and regulation of Dark Patterns 2023
In response to growing concerns about the misuse of dark patterns in the domain of consumer protection, advertising, and e-commerce, the...
Sep 15, 20233 min read
Attachment Order under PMLA Set Aside as Reasons to Believe Not Recorded Properly
Introduction This case, Smt. Suma Sooraj v. ED [i] pertains to an appeal challenging the confirmation of a Provisional Attachment Order...
Sep 15, 20233 min read
NCLAT: IBC applies to Personal Guarantors Regardless of the CIRP Status of Corporate Debtor
Introduction The case Mahendra Kumar Agarwal v. PTC India Financial Services Ltd. [ i ] addresses a contentious issue: whether a...
Sep 15, 20235 min read