Madras High Court held that search conducted by Directorate of Enforcement at Tamil Nadu State Marketing Corporation Ltd [TASMAC] under the Prevention of Money Laundering Act is lawful and cannot be termed as harassment.
ITAT Mumbai held that the addition in respect of bogus purchases is to be limited to the extent of bringing the gross profit rate on such purchases at the same rate as of other genuine purchases. Accordingly, matter restored to file of AO with direction to restrict addition.
The Ministry of Corporate Affairs (MCA), via GSR 426(E) dated 27th June 2025, introduced a revised Form INC-22A (ACTIVE) under the Companies (Incorporation) Amendment Rules, 2025. This new e-form is set to come into force on 14th July 2025 and replaces the previous version of Form INC-22A. However, a key question arises: Which companies are […]
ITAT Bangalore remands Sardar Imtiyaz Pasha’s appeal to AO, citing unfair profit estimation and denial of fair hearing by CIT(A). Case sent back for fresh review of cash deposits.
MCA transitions all company forms to the V3 Portal by July 14, 2025. Key dates, downtime, and user actions detailed for compliance.
This court is required to draw a balance between the right of the petitioner to travel abroad and also the right of the prosecution to duly prosecute the petitioner so as to prevent him from evading the trial.
Kerala High Court held that section 245C doesn’t prescribed any prior cut-off date for filing settlement application. Unadjudicated notice u/s. 153A/ 153C as on the date of application is the only requirement.
Aurangabad Bench of Bombay HC declines to quash rape FIR despite compromise, citing seriousness of offence and need to prevent misuse of legal process.
Telangana High Court held that granting registration under section 12A retrospectively is not permissible as cogent reasons not provided for belated filing of application for registration under section 12A. Accordingly, appeal dismissed.
Understanding the framework for export of goods and services in India, covering roles of DGFT, RBI, banks, and exporters under FEMA, 1999.
