This article outlines the scope, principles, and obligations under India’s data protection law. The key takeaway is that organisations must align consent, security, and governance to avoid heavy penalties.
The High Court held that RERA execution powers cannot extend to unilateral cancellation of registered sale agreements. The key takeaway is that registration law boundaries must be respected even at the execution stage.
The Tribunal held that delayed responses to statutory notices do not attract penalty when full compliance is ultimately made and accepted before assessment completion. The key takeaway is that penalties cannot be imposed mechanically in the absence of willful default.
Tribunal held that cash found and seized cannot be treated as unexplained when it is fully reflected in audited books and not disproved by tax authority. Additions under Section 69A cannot rest on suspicion alone.
Indian law allows LLPs to conduct lawful business, but RBI regulations restrict NBFC status to companies. The key takeaway is that LLPs are ineligible for NBFC registration despite commercial intent.
ITAT Hyderabad held that final assessment order passed under section 143(3) of the Income Tax Act by AO beyond the time limit provided under Section 153(1) of the Income Tax Act is barred by limitation. Accordingly, appeal of assessee allowed.
Himachal Pradesh High Court held that since all the ingredients of commission of an offence punishable u/s. 138 of the NI Act were duly satisfied. Thus, Trial Court had rightly convicted the accused of the commission of an offence punishable u/s. 138 of the NI Act. However, sentence is reduced to six months imprisonment.
Delhi High Court held that Dispute Resolution Panel [DRP] cannot merely approve the conclusion of TPO without giving independent findings. Accordingly, writ dismissed as no substantial question arise in the petition.
The High Court held that issuing a draft assessment order under Section 144C is invalid where the Transfer Pricing Officer proposes no variation. The key takeaway is that absence of TP adjustment means the assessee is not an “eligible assessee,” making DRP proceedings without jurisdiction.
The issue was whether gains qualify as long-term when shares are bought unlisted and sold post-listing. It was held that the holding period starts from purchase and LTCG under section 112A applies if STT is paid on sale.
