The Court held that a provisional attachment cannot continue beyond one year under Section 83 and ordered release of the account with a requirement to maintain a ₹10 lakh minimum balance.
The Delhi High Court upheld ITAT’s order, ruling that no incriminating material was seized, and investor companies had sufficient net worth. Additions under Sections 68 and 153A were not justified.
A company and its directors were penalized under Section 42(9) for filing the return of allotment 23 days late, highlighting the importance of timely compliance in private placements.
A company and its director were penalized under the Companies Act for appointing a non-resident managing director without prior Central Government approval. Rectification through resignation and post-facto sanction was required.
The Court set aside the appellate order after finding no inquiry into when the March 2022 order was uploaded, directing the authority to verify the actual upload date. The ruling clarifies that limitation must be assessed based on proven upload timelines.
The High Court held that investigation material showed prima facie involvement in unlawful tender cost increases. The ruling emphasized that such allegations warrant a full trial, not discharge.
The Supreme Court dismissed the SLP filed by the Income Tax Department, condoning delay but emphasizing that repeated petitions on settled questions waste judicial resources.
The article examines how AI improves efficiency but also risks hallucinations, errors, and weakened human reasoning. It highlights the need for balanced usage and strong human oversight.
The article explains how procedural lapses ex-parte orders, missing notices, and bias—undermine fairness in GST proceedings. It stresses that restoring natural justice is essential for taxpayer confidence.
Vishnupriya Tawania Cross-border mergers & acquisitions have become common in this era of globalisation, when two or more companies come together to form a completely new entity or merge into one existing company, which may or may not relate to businesses of those companies. This process involves transfer of property rights, assets and liabilities and […]
