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Archive: 12 May 2025

Posts in 12 May 2025

Forum Convenience Principle Favors Remedies in Kolkata as Cause of Action Originated There: Bombay HC

May 12, 2025 603 Views 0 comment Print

Thus, a substantial portion of the cause of action has accrued at Kolkata. Applying the principle of forum convenience, it would be appropriate if the petitioner was relegated to availing of the remedies at Kolkata.

Director liable to pay to company undue gains realised from breach of duties: Delhi HC

May 12, 2025 1749 Views 0 comment Print

Delhi High Court hears a suit regarding a business dispute between directors of Paramount Coaching Centre involving allegations of setting up a competing venture.

Passing of order under rule 96(10) of CGST Rules after its omission is invalid

May 12, 2025 1050 Views 0 comment Print

Uttarakhand High Court held that order is invalid since the same is passed invoking the provisions of rule 96(10) of the Central Goods and Services Tax Rules, 2017 [CGST Rules] after the same was omitted on 8th October 2004.

RBI cannot Casually declare a Person Defaulter without strict proof: Madras HC

May 12, 2025 1779 Views 0 comment Print

Madras High Court overturns wilful defaulter tag on former IAS officer, citing lack of evidence linking him to company’s financial fraud.

ICAI Reschedules CA Final & Inter May 2025 Exams

May 12, 2025 1281 Views 0 comment Print

ICAI revises schedule for CA Final, Intermediate (Group II), and INTT-AT May 2025 exams. New dates are May 16 to May 24, 2025.

Section 69A Addition Invalid Without Cross-Examination & Corroborative Evidence

May 12, 2025 1113 Views 0 comment Print

ITAT Nagpur held that addition under section 69A of the Income Tax Act towards unexplained money not tenable in absence of cross-examination and any corroborative evidence on record. Accordingly, appeal of assessee allowed.

RBI Framework for Formulating Regulations

May 12, 2025 1245 Views 0 comment Print

RBI outlines a structured process for drafting, amending, and reviewing regulations with public consultation and periodic review mechanisms.

Dispute Arbitrable Even After Signing Discharge Voucher & Accepting Amount: SC

May 12, 2025 903 Views 0 comment Print

Supreme Court rules on arbitrability of disputes after signing discharge vouchers. Clarifies that challenges based on coercion allow arbitration, overturning Bombay High Court decision.

Operation Sindoor: A Testament to India’s Political, Social & Strategic Willpower

May 12, 2025 528 Views 0 comment Print

Raksha Mantri inaugurates BrahMos facility in Lucknow, discusses ‘Operation Sindoor’, stressing self-reliance and action against terrorism.

Key Points to Claim Refunds in Your Income Tax Return

May 12, 2025 6540 Views 2 comments Print

Income Tax Department warns against wrongful refund claims in ITRs. Explains consequences like penalties, scrutiny, prosecution, and the option to file an Updated Return to correct errors.

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