Search
Securities & Exchange Commission v. Ripple Labs, Inc.
BRADLEY GARLINGHOUSE & CHRISTIAN LARSEN UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK Introduction In the complex realm of...
Aug 7, 20235 min read
[Delhi HC] Seriousness of Allegations cannot be Justification for Pre-Trial Incarceration.
The Delhi High Court recently rendered a pivotal judgment in the case of Suman Chadha v. Serious Fraud Investigation [i] , which has...
Aug 3, 20233 min read
Vivad se Vishwas Scheme for settlement of contractual dispute – Claims to be submitted by 31.10.2023
The Department of Expenditure, Ministry of Finance, has launched the scheme, “Vivad se Vishwas II” vide an Office Memorandum dated...
Aug 1, 20233 min read
Clarification on Charging of Interest for Wrong Availment of IGST Credit
Introduction: The Indian Goods and Services Tax ( ‘GST’ ) system, established in 2017, has witnessed continuous refinement and...
Jul 31, 20233 min read
[SC] Person Summoned Under S. 69 of the CGST Act Cannot Seek Anticipatory Bail Under S. 438 of CrPC
India's Supreme Court clarifies that CGST Act summonses exclude anticipatory bail under CrPC.
Jul 31, 20233 min read
No Penalty for Innocent Facilitation of Improper Importation: Delhi High Court Sets Precedent
Introduction The present case of Rajeev Khatri v Commissioner of Customs [i] involves an appeal filed before the High Court of Delhi (...
Jul 31, 20234 min read
The Andhra Pradesh High Court Upholds the Constitutional Validity of S. 16(4) of the CGST Act
Introduction The Andhra Pradesh High Court ( ‘Court’ ), in the case of Thirumalakonda Plywoods v. Assistant Commissioner , [i] examined...
Jul 29, 20233 min read
IBC overrides Electricity Act: Supreme Court Reinforces IBC’s Waterfall Mechanism
In a landmark ruling, the SC emphasizes the supremacy of IBC’s provisions over the Electricity Act, impacting asset liquidation priorities.
Jul 29, 20234 min read
CBIC Guidelines for Dealing with Input Tax Credit Discrepancies
The Central Board of Indirect Taxes and Customs ( ‘CBIC’ ) has recently issued a significant circular numbered 193/05/2023-GST on July...
Jul 28, 20232 min read
[CESTAT - Hyderabad] Penalty Cannot Be Imposed on Custom Brokers Merely on the Basis of an Uncorroborated CBI Report
CESTAT: Penalties on Custom Brokers require concrete evidence, not just an uncorroborated CBI report, rules Hyderabad Tribunal.
Jul 28, 20233 min read
Government Circular Clarifies TCS Liability for Multiple E-Commerce Operators
The Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs (‘CBIC’) has issued Circular No. 194/06/2023...
Jul 28, 20233 min read
Clarification on Taxability of Shares held in a Subsidiary Company by the Holding Company
Introduction The taxability of shares held in a subsidiary company by a holding company has been a matter of concern, previously falling...
Jul 27, 20233 min read