Goods and Services Tax : Supreme Court upheld Section 69 GST arrest powers, requiring recorded reasons, CrPC safeguards, CBIC instructions and limiting arr...
Income Tax : The Supreme Court held excise duty paid by buyers formed part of turnover, discussed colourable devices, and distinguished legitim...
Corporate Law : A non-speaking dismissal of an SLP does not affirm the High Court's reasoning or constitute law under Article 141. The doctrine of...
Corporate Law : The Supreme Court ruled that summoning hotel booking records and call detail records to prove adultery does not violate privacy, a...
Corporate Law : The Supreme Court agreed to examine allegations that bank dues were settled at steep discounts through ARCs, while clarifying that...
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...
Corporate Law : SC held a Ministers statement binds the Government only if it reflects the Governments view and declined to issue speech guideline...
Corporate Law : Supreme Court granted bail under the PMLA, noting prolonged custody, documentary evidence, delayed trial, parity with co-accused, ...
Corporate Law : Supreme Court set aside the High Court's PMLA bail order for failure to apply Section 45 twin conditions and remanded the matter f...
Corporate Law : Supreme Court declined to refer the Article 370 challenge to a larger Bench, holding there was no conflict between earlier Constit...
Corporate Law : Supreme Court upheld termination of a slum redevelopment developer for prolonged delay and reaffirmed the statutory duty and accou...
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 courts upheld LTCG exemption under Section 10(38) after finding that the Revenue failed to produce evidence linking the assessee to alleged penny stock manipulation. Documentary records, banking transactions, and Demat evidence supported the genuineness of the share transactions.
The Supreme Court dismissed an SLP challenging the Telangana High Court’s refusal to entertain a GST writ petition. The Court found no reason to interfere with the High Court’s reliance on the Glaxo Smith Kline precedent.
The Supreme Court dismissed the Revenue’s SLP after the Calcutta High Court upheld the ITAT finding that reassessment proceedings were invalid as the AO had only suspicion and no valid reason to believe income escaped assessment.
The Supreme Court quashed criminal proceedings pending for 35 years, holding that prolonged prosecution violated the right to speedy trial under Article 21. The Court also sought extensive data from the Allahabad High Court on criminal pendency, undertrials, bail applications, and judicial vacancies.
The Supreme Court dismissed the Revenue’s appeals after observing that the classification dispute had already been settled in an earlier judgment upheld by the Court. The ruling confirms reliance on the precedent followed by CESTAT.
The Supreme Court dismissed the challenge to a Bombay High Court order condoning delay in filing Form 10B audit report under the Income Tax Act. The High Court had accepted the explanation that the delay occurred due to lack of awareness of newly introduced online filing procedures.
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.
The Supreme Court declined to interfere with the Delhi High Court order quashing reassessment notices issued to multiple foreign companies of the GE Group. The High Court had held that the Assessing Officer lacked tangible material to reopen assessments.
Scenario-wise analysis of GST on business canteen services covering ITC, employee recovery, contractor supply, and statutory obligations under law.
The Supreme Court held that courts must undertake a meaningful reading of the plaint and reject suits that indirectly seek enforcement of prohibited benami transactions. The ruling strengthens Order VII Rule 11 CPC as a safeguard against sham and legally barred litigation.
