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...
upreme Court held that a trust is not a separate legal entity under the Indian Trusts Act, 1882, and only its trustees can be held accountable. A criminal complaint under the NI Act can proceed against the chairman without naming the trust.
The Supreme Court ruled that a cheque dishonour complaint is maintainable against a Trustee who signed the cheque, even if the Trust is not arrayed as an accused, as a Trust is not a juristic person under the NI Act.
The Supreme Court ruled that a deed mortgaging property to secure one’s own performance is a Mortgage Deed, even if the title suggests a security bond, affirming deficit stamp duty demands. This provides critical legal clarity that when the principal debtor is the party providing the security, Article 40 of the Indian Stamp Act is the governing provision.
Supreme Court dismisses Revenue’s SLP, ruling that stock discrepancies found during a registered dealer’s survey must be addressed via GST Sections 73/74, not Section 130.
Supreme Court held that the Successful Resolution Applicant [SRA] cannot be forced to deal with claims that are not a part of the Request for Resolution Plan [RfRP] issued in terms of Section 25 of the IBC or a part of its Resolution Plan.
SC quashed a Chhattisgarh tender clause requiring ₹6 Cr local supply experience, deeming it arbitrary and violative of Articles 14 and 19(1)(g), upholding fair competition.
SC expunges Kerala HC’s surprise directions for fee refixation and vigilance inquiry, affirming that a litigant cannot be placed in a worse position in their own writ petition.
Supreme Court held that only up to three adjournments may be granted under GST law and denial beyond this does not violate natural justice principles.
SC Supreme Court dismissed a plea challenging expanded definition of Sikkimese, ruling the change is strictly limited to purpose of income tax exemption under Section 10(26AAA).
The Supreme Court of India disposed of the Revenue’s appeal against the Delhi High Court’s order quashing reassessment notices against Trans World International Ltd.
