The Ministry of Corporate Affairs highlighted that the IBC resolution process facilitated creditor recoveries exceeding ₹4 lakh crore by March 2026. The milestone demonstrates the Code’s effectiveness in maximizing value and improving insolvency outcomes.
The DPDP Act, 2023 creates a legal framework for collecting, processing, and protecting digital personal data in India. Learn the rights of individuals, obligations of businesses, and penalties for non-compliance.
The appellant claimed the disputed funds were received unknowingly and had attempted to return them. The Tribunal granted relief by ordering release of the attached account after deposit of the entire disputed sum.
Focusing solely on the federal corporate tax rate can lead to major compliance surprises. Businesses entering the US must also navigate complex state and local tax obligations that vary widely by jurisdiction.
A perfect stock valuation can still conceal serious lending risks if critical operating licences have expired. Auditors should verify licence validity to identify threats to a bank’s security.
The article explains how limitation under Sections 107 and 112 is calculated from communication of orders and why delayed appeals face serious risks. It highlights the importance of preserving proof of service and complying with statutory timelines.
The Tribunal held that bank accounts cannot remain frozen merely because the account holder is related to a suspect or under investigation. The ED must first establish a prima facie connection between the property and proceeds of crime.
The Tribunal held that retention of seized assets can continue under Section 8(3) when a PMLA prosecution complaint is already pending. The key takeaway is that ED need not file a fresh or supplementary complaint for every newly seized asset.
The ITAT held that registration under Sections 12AA/12AB cannot be cancelled when the trust continues to genuinely carry out its educational objects. Alleged fund diversion and related-party transactions must be examined during assessment and taxation proceedings instead.
The ITAT set aside the lower authorities’ orders after considering CBDT Notification No. 31/2023, which increased the leave encashment exemption limit to ₹25 lakh.
