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...
SC upheld Gujarat HC’s decision to quash reassessment notice issued by Income Tax Department, citing lack of new material & change of opinion
The Supreme Court of India dismissed petitions from major telecom companies seeking relief on AGR dues, including interest and penalties, following previous adverse rulings.
SC affirms Karnataka HC ruling on GST Rule 86A, reinforcing need for pre-decisional hearings and independent evidence before blocking Electronic Credit Ledgers.
The Supreme Court ruled against forced narco-analysis tests in Amlesh Kumar vs The State of Bihar, upholding fundamental rights and restricting investigative shortcuts in bail proceedings.
Supreme Court ruled on how deductions under Section 80-IA and 80-HHC are to be calculated, clarifying impact of Section 80-IA(9) and rejecting a retrospective application.
Supreme Court clarifies power to modify arbitral awards under Section 34 in Gayatri Balaswamy case, raising questions on finality, equity, and party autonomy.
The Supreme Court recently quashed a Section 498A IPC cruelty case initiated by a woman police officer against her husband, his aged parents, and five sisters, citing concerns about misuse of legal provisions and lack of specific allegations. The Court exercised its powers under Article 142 to set aside the Delhi High Court’s judgment and quash the FIR and chargesheet.
Supreme Court affirms Kerala’s power to tax cable TV as a luxury under Entry 62, List II, clarifying no conflict with central service tax on broadcasting.
A legal summary of the Shanti Bhushan vs CIT case, where the court decided if heart surgery costs could be a tax-deductible business expense.
Supreme Court slams Kerala for misusing preventive detention to jail accused already on bail. Rules it’s not a substitute for criminal process, quashing detention order.
