Corporate Law
Corporate Law
Pre-Crime Property Can Be Attached for Equivalent Value Under PMLA: SAFEMA Tribunal
SAFEMA Tribunal held pre-crime property may be attached as equivalent value where actual proceeds of crime have vanished or been siphoned off.
Income Tax
Income Tax
Income Tax
Income Tax
Source of Source Not Required for Section 68 Loans in AY 2009-10: ITAT Rajkot
Vague Information Without Entity Names Cannot Sustain Section 147 Reassessment: ITAT Delhi
Reopening Merely for Verification Invalid; Supreme Court Dismisses Revenue SLP
Reopening Merely to Verify Documents Without Reason to Believe Invalid: Bombay HC
Income Tax
Income Tax
Income Tax
₹2.48 Crore Section 68 Addition Deleted as Bank Credits From Money Transfer Business Explained: ITAT Mumbai
Income Tax
Income Tax
Excess Stock Forming Part of Business Stock Cannot Be Treated as Section 69 Income: Andhra Pradesh HC
Income Tax
Income Tax
Section 115BBE Not Applicable When Excess Stock Is Traceable to Business Income: ITAT Chandigarh
Income Tax
Income Tax
Section 271AAB Penalty Notice Must Specify Applicable Limb: ITAT Chennai
Goods and Services Tax
GSTAT Lucknow Quashes E-Way Bill Penalty for Bona Fide 9-Minute Delay
Recent GST Updates: GSTN Appeals, emSigner, GSTAT SOPs & Multistate Registration
Bank Credits Are Not Sales: Limits of Estimating GST Turnover from a Current Account
GST on Transfer of Leasehold Rights In Industrial Land: Is The Question Really Settled?
Corporate Law
Suppression of Material Facts Disentitles Litigant to Judicial Relief: Supreme Court
Amit Shah Highlights Dairy Cooperatives, White Revolution 2.0 and New Criminal Laws in Madhya Pradesh
RCMC Registration for Exporters: Eligibility, Documents, Process, Fees & ₹3 Lakh Exemption
Why Has No Distinguished Jurist Been Appointed Supreme Court Judge in 76 Years?
Custom Duty
Abatement of Customs Duty on Damaged Goods Under Section 22: Conditions, Valuation & Cases
Customs Duty Exemptions: Scope, Conditions and Principle of Strict Interpretation
Section 28 Customs Demand Does Not Require Prior Challenge to Self-Assessment: CESTAT Ahmedabad
Customs Cannot Reclassify 226 Auto Parts Without Article-Specific Findings: CESTAT Chennai
Company Law
Advance for Services is Operational Debt; Section 9 IBC Plea Maintainable: NCLAT Delhi
Independent Director under DPE Guidelines: Definition, Eligibility, Experience & IICA Test Exemption
NFRA Issues Going Concern Guidance on SA 570 for Auditors and Audit Committees
Secretarial Standards on Minutes under Companies Act, 2013: SS-1 & SS-2
CA, CS, CMA
Company Secretary of Tomorrow: From Compliance Officer to Governance Architect
ICAI Invites MCQs for Advanced Information Technology (IT) Test Question Bank
ICSI Seeks Recognition of Practising Company Secretaries under Partnership Act
ICSI Seeks PCS Recognition for Partnership Filings Before Maharashtra Registrar of Firms
DGFT Extends Minimum Import Price on Virgin Multi-layer Paper Board till 31 March 2027
REX Registration in India: Process, Documents, Rules of Origin & Benefits
DGFT Extends ₹1,774/Kg MIP on Sulfadiazine API Imports Till 30 November 2026
DGFT Extends USD 111/Kg Minimum Import Price on Specified Chemical Imports Till 30 November 2026
Judiciary & Case Law
All Judgments →
Madras High Court
Tax Case Appeal Nos.770 & 771 of 2018
Section 271AAB Penalty Invalid if Notice Fails to Specify Applicable Clause: Madras HC
Madras HC held Section 271AAB penalty notice invalid where AO failed to specify the applicable clause among three statutory contingencies.
October 4, 2026
ITAT Hyderabad
ITA No.1274/Hyd./2025
Section 271AAB Penalty Invalid if Notice Fails to Specify Applicable Clause: ITAT Hyderabad
ITAT Hyderabad deleted ₹74.35 lakh Section 271AAB penalty as notice failed to specify applicable charge and penalty category.
October 4, 2026
Bombay High Court
Writ Petition No. 315 of 2023
10% Tax Demand Deposit Unjustified Where Trust Has Strong Prima Facie Case: Bombay HC
Bombay HC remanded BHIL Employees Welfare Fund's stay plea, holding strong prima facie case and hardship must be considered before tax recovery.
October 4, 2026
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Contributing Author
CA Manish Gugliya (FCA, DISA, M.Com.) is a practicing Chartered Accountant with over 20 years of…
