Goods and Services Tax : The Finance Act, 2025 retrospectively amended Section 17(5)(d) of the CGST Act after the Supreme Court allowed ITC on certain comm...
Corporate Law : The Supreme Court held that liabilities arising from corporate guarantees qualify as financial debt under Section 5(8) of the Inso...
Corporate Law : The Supreme Court ruled that a shortfall payment clause in a Deed of Hypothecation can qualify as a contract of guarantee under th...
Corporate Law : The Supreme Court expressed serious reservations about earlier rulings denying bail in UAPA cases, holding that smaller benches ca...
Income Tax : The article explains the Supreme Court’s landmark 2024 ruling that broken period interest on debt securities is capital in natur...
Corporate Law : The Supreme Court upheld joint insolvency proceedings against two interconnected real estate companies due to common management an...
Corporate Law : Supreme Court ruled that CoC and RP can surrender financially burdensome assets voluntarily, clarifying moratorium under section 1...
Corporate Law : SC clarifies limits of High Court's writ powers in IBC cases and recognises Indian CIRP as foreign main proceeding in cross-border...
Corporate Law : Justice BR Gavai sworn in as India's 52nd Chief Justice. Focus areas include addressing case pendency and improving court infrastr...
Corporate Law : Key IBC case law updates from Oct-Dec 2024, covering Supreme Court and High Court decisions on CoC powers, resolution plans, relat...
Goods and Services Tax : The Supreme Court stayed further proceedings arising from a Section 74 GST order while examining whether writ petitions can be ent...
Finance : The Supreme Court refused relief to borrowers who defaulted from the very first instalment after availing an ₹8.09 crore loan. T...
Finance : The Supreme Court upheld a Will executed in favour of the testator’s sister despite objections from his wife and children. The C...
Income Tax : SC examined nature of amounts received from an AOP and upheld findings that receipts constituted profit share rather than revenue ...
Income Tax : The Supreme Court dismissed the challenge to a Delhi High Court ruling that quashed reassessment proceedings under Sections 148A(d...
Corporate Law : The Bill seeks to amend Articles 15 and 16 to allow reservation for backward classes proportionate to their population identified ...
Fema / RBI : RBI directs banks, NBFCs, and other entities to implement Supreme Court’s accessibility guidelines for digital KYC, ensuring inc...
Income Tax : CBDT raises monetary limits for tax appeals: Rs. 60 lakh for ITAT, Rs. 2 crore for High Court, and Rs. 5 crore for Supreme Court, ...
Corporate Law : No restrictions on joint bank accounts or nominations for the queer community, as clarified by the Supreme Court and RBI in August...
Corporate Law : Supreme Court of India introduces new procedures for case adjournments effective 14th February 2024, detailing strict guidelines a...
The Supreme Court held that candidates with benchmark disabilities could be considered for Group C posts identified as suitable under a 2021 notification. Authorities were directed to process their dossiers and ensure appointment.
The Supreme Court upheld the deletion of Section 14A disallowance after finding that the Assessing Officer did not record dissatisfaction with the assessee’s computation before invoking Rule 8D.
The Supreme Court cancelled anticipatory bail after finding that investigation records and witness statements indicated a prima facie offence under the SC/ST (Prevention of Atrocities) Act.
The Supreme Court refused to entertain a petition challenging the exemption of Muslim gifts from compulsory registration under Section 129 of the Transfer of Property Act. The Court directed the petitioners to approach the Law Commission of India for possible legislative changes.
The Supreme Court disposed of the petitions and allowed the parties to assist the High Court where challenges to CPCB guidelines on idol manufacture and immersion are pending.
The Court refused to mandate NAT testing for blood screening, stating that the issue involves policy decisions and financial implications that must be assessed by governments and domain experts.
The Supreme Court refused to condone a delay of 262 days in filing the Special Leave Petition and found no merit for interference. The dismissal left intact the order quashing the reassessment notice under Section 148.
The Supreme Court upheld the invalidation of an assessment order issued in the name of a company that had merged and ceased to exist. The Court held that proceedings must be initiated against the transferee company.
The Supreme Court declined to interfere with a High Court ruling that TCS under Section 206C(1C) does not apply to compounding fines collected from illegal miners. The Court confirmed that the provision applies only where mining rights are legally transferred.
The Supreme Court declined to interfere with the Delhi High Court order concerning reassessment notices. It held that no ground existed under Article 136 to intervene, leaving the assessee to pursue remedies before the Assessing Officer.
