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 upheld the disqualification of a councillor for suppressing her Section 138 NI Act conviction in her nomination affidavit. The Court ruled that concealment of criminal records violates voters’ right to informed choice and voids election results.
The Supreme Court set aside lower court decrees, holding that an unregistered “Palupatti” (family partition memo) is admissible for the collateral purpose of proving severance of joint family status and separate possession. This ruling confirms that a family arrangement, when corroborated by conduct and revenue records, validates the disruption of joint ownership.
The Supreme Court stayed an AP High Court judgment that set aside GST assessment orders and notices lacking the mandatory Document Identification Number (DIN).
The Supreme Court considered an inquiry report finding a UP police officer prima facie guilty of wilfully defying the court’s protective order against coercive measures.
SC ruled a bona fide buyer cannot be denied ITC under DVAT Act if seller defaults on depositing tax. The remedy is against defaulting seller, protecting compliant taxpayers.
SC held that private stage carriage operators cannot be granted permits on inter-State routes overlapping notified intra-State routes, reaffirming that State transport schemes under Chapter VI of Motor Vehicles Act override inter-State agreements.
SC ruled that courts must rectify inadvertent judicial errors, affirming maxim Actus Curiae Neminem Gravabit. Ruling compelled a party to yield property after receiving high compensation.
Supreme Court ruled that High Court erred by dismissing Revenue’s appeal based only on old precedent without examining current facts. Judgment emphasizes that new AUDA tests must be applied to specific factual situation of Development Authority.
The Supreme Court dismissed the appeal against the execution of a ₹1,087 crore arbitral award, ruling that a company’s allegation of fraud committed by its own officers (fraud on self) is not grounds to nullify a final award. The ruling restricts the scope of objections under Section 47 CPC to fraud vitiating the arbitral process itself, not internal corporate misconduct.
Supreme Court rulings in Wipro and Shriram Investments mandate strict adherence to return filing deadlines: fresh claims/withdrawals of exemptions (like Sec 10B) via revised returns filed after the original due date are invalid. Appellate authorities retain power to admit new claims.
