The High Court refused bail, citing prima facie evidence of bribery to influence a court order. The ruling underscores zero tolerance for acts undermining public trust in the judiciary.
The issue highlighted is Budget 2026’s failure to address everyday compliance and procedural problems. The key takeaway is that systemic inefficiencies and complexity continue despite promises of simplification.
The Budget projects steady growth with fiscal discipline while introducing structural tax reforms. The key takeaway is stability in rates alongside simplification and long-term competitiveness.
The Bill retains corporate tax rates while rationalising MAT and offering targeted incentives for IT, cloud services, and global investors. The key takeaway is stability combined with strategic reforms to boost competitiveness.
The tribunal held that additions made solely on the basis of a statement recorded from an employee during survey proceedings are unsustainable in law. Statements by non-assessees cannot justify undisclosed income additions without independent corroboration.
ITAT Mumbai held that protective additions under Sections 68 and 69C cannot survive once substantive additions are confirmed in the hands of beneficiaries. The ruling prevents double taxation of the same income and limits misuse of protective assessments.
Delhi High Court held that there cannot be indefinite pretrial detention when the existence of proceeds of crime itself is seriously in doubt. Accordingly, continued detention is not warranted hence bail application allowed and regular bail granted.
The Tribunal held that when no other income source exists, bank deposits linked to business cannot be taxed separately. Estimation must reflect commercial realities of the trade.
Learn how SEBI regulations shape derivatives trading in India, including position limits, intraday rules, and what they mean for F&O traders.
The case involved rejection of cash deposits due to alleged improbability of holding cash. The Tribunal ruled that presumptions cannot override a registered sale deed and disclosed capital gains.
