Supreme Court of India rejected the bail application as applicant failed to prove him not guilty of the alleged economic offences wherein crores of proceeds of crime were transferred to the shell companies without any genuine business transaction.
Supreme Court held that profits earned on account of foreign exchange fluctuation cannot be included/ treated as derived from the business of export income. Accordingly, deduction under section 80HHC of the Income Tax Act not available.
Explore key legal nuances in the Supreme Court’s landmark judgment on will validity and adoption principles in Moturu Nalini Kanth vs. Gainedi Kaliprasad.
SC reinforces Insolvency and Bankruptcy Code’s priority mechanism for CBIC, Department of Revenue dues. Key insights from Principal Commissioner of Customs Vs Rajendra Prasad Tak case.
In a recent Supreme Court judgment, Resolution Professional appeals have been dismissed. Find out why and the implications of this decision.
Understand the implications of M/s Modi Naturals Ltd. v. The Commissioner of Commercial Tax UP and learn how to claim credit when exempted by-products are obtained while producing taxable goods under the UP VAT Act.
Explore the Supreme Court’s ruling on Rajasthan Art Emporium’s claim against Kuwait Airways for delayed delivery. Learn about the legal analysis and implication
Supreme Court held that levy of penalty on the basis of a show cause notice containing a completely erroneous category of service is illegal.
The Supreme Court of India dismisses the SLP against tax recovery due to a low amount below Rs.2 crores, following CBDT Circular 17/2019.
Assets Care And Reconstruction Enterprises Limited Vs State of Maharashtra & Ors.: Supreme Court rules High Courts must not deny interim relief citing alternative remedy. Analysis and implications.
