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...
Supreme Court held that High Court has rightly arrived to the conclusion that the levy of export duty on goods supplied from the Domestic Tariff Area [DTA] to the Special Economic Zone [SEZ] is not justified.
The Supreme Court, in Abhimanue v. State of Kerala, ruled that a High Court’s inherent power can be used to cancel bail even after a Sessions Court’s dismissal of a plea.
The case of assessee was that the assessments for these years were time-barred. It was urged that in view of the limitation prescribed under Section 19 of the Act, the authority concerned initially declared the assessments for all the years to be time-barred.
The Supreme Court of India has ordered the Central Bureau of Investigation (CBI) to probe the authenticity of a B.Com degree presented by an advocate, Naresh Dilawari, after Magadh University declared it to be forged. The court’s order follows a dispute where the degree’s veracity was challenged, leading to the CBI being tasked with investigating and submitting a report.
This summary outlines the Supreme Court’s analysis of a major land dispute, focusing on the legal arguments and judicial precedents concerning a government agency’s failure to file a timely appeal.
Supreme Court ruled that a sale deed executed without consent or consideration is void, and the plaintiff’s suit for possession is governed by Article 65 of the Limitation Act.
Supreme Court held that converting imported Gensets into Power Packs by adding essential components amounts to manufacture under Section 2(f). The process created a distinct, marketable product, making excise duty applicable.
The Supreme Court of India upholds the validity of consolidated GST Show Cause Notices (SCNs) for multiple financial years in fraudulent ITC claims.
Supreme Court upheld a Delhi High Court order directing release of an imported Maserati car seized by DRI on failure to issue a show-cause notice within time prescribed under section 110 (2) of Customs Act, 1962 as section 110A functions as an interim arrangement to allow release of goods, including perishable or fast-moving items, but does not in any way impede or limit the mandatory time limit in Section 110(2).
The Supreme Court of India has upheld a property attachment order from 2012, dismissing a challenge by a company that bought the property years later.
