Courts have held that money laundering is a distinct offence from the predicate crime. Parallel prosecutions under PMLA do not violate Article 20(2) unless there is identity of the same offence.
Courts have clarified that “reason to believe” under GST must rest on tangible material, not mere suspicion or template notices. Arbitrary cancellations, searches, and arrests without recorded reasons are legally unsustainable.
The shift from taxing Gross Gaming Revenue to full entry value at 28% GST has triggered constitutional and economic concerns. The amendment equates skill-based gaming with gambling, raising questions now pending before the Supreme Court.
The article links rising tensions involving the USA, Israel, and Iran to long-standing struggles over oil control. It also connects modern geopolitical conflict to escalating global debt and financial instability.
Courts have held that non-compliance with mandatory procedures under Section 144B renders faceless assessment orders void. The rulings reaffirm that digital tax reforms cannot override constitutional safeguards of fairness and the right to be heard under Article 14.
The survey highlights how RMCs under SEBI LODR are evolving from compliance bodies to strategic risk oversight tools amid financial, ESG, and cyber risks.
SEBI’s 26-02-2026 circular requires regulated entities and their agents to disclose registration details on social media. The move enhances transparency and investor protection from May 01, 2026.
The ITAT held that the enhanced ₹25 lakh leave encashment exemption is a beneficial and curative amendment and can apply retrospectively to earlier retirees. The ruling enables eligible taxpayers to claim refunds despite earlier ₹3 lakh limits, though the issue awaits final judicial settlement.
Courts are divided on whether Input Tax Credit can be denied to a bona fide recipient due to supplier non-payment. The issue raises serious concerns of arbitrariness and constitutional validity under Article 14.
AIS analytics now detect non-filers where pension and interest income exist. Voluntary filing through ITR-U helps avoid notices under Sections 142(1) and 148, saving professional costs and compliance burden.
