Bail was granted in a spurious cancer drug case under Prevention of Money Laundering Act (PMLA) as there was no clear link between the alleged proceeds of crime and the main offence and ED did not check important things like role of doctors, hospitals or end users.
ITAT Kolkata set aside the penalty order under Section 271D after the assessee claimed inadequate opportunity of hearing during penalty proceedings. The matter was remanded for fresh adjudication and examination of supporting evidence.
NCLT Mumbai held that existence of an arbitration clause in the MoU did not bar initiation of CIRP under Section 7 of the IBC. The Tribunal admitted the insolvency plea after finding sufficient evidence of financial debt and default.
NCLT Mumbai held that protections available under the MSMED Act and RBI revival framework do not bar initiation of CIRP once financial debt and default are established. The Tribunal admitted the Section 7 application after finding default exceeding Rs. 24 crore.
CESTAT Delhi ruled that curved molybdenum mirrors and shields used in automobile lights cannot be classified as flat sheets or foils. The Tribunal held that shaping and curving transformed them into “articles of molybdenum” attracting 10% customs duty.
ITAT Delhi held that effective opportunity of hearing was not provided before passing ex parte assessment and appellate orders. The matter relating to sustained addition was remanded back to the Assessing Officer for fresh adjudication.
CESTAT Hyderabad ruled that pharmaceutical conversion work carried out under a job work agreement amounted to manufacture and not renting of immovable property. The Tribunal held that such activity falls outside service tax levy.
The Delhi High Court quashed a POCSO FIR after noting that the relationship was consensual and the parties were married with a child. The Court held that continuation of prosecution would harm the woman and infant child.
The Supreme Court held that sureties cannot be burdened with liability for excess withdrawals allowed by the bank without their consent. However, guarantors remain liable for the original sanctioned loan amount covered by the guarantee.
Despite major policy reforms and digitisation, businesses continue to face delays, inconsistent departmental practices, and avoidable litigation. The article highlights the gap between reform promises and practical implementation.
