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Judiciary

SC to Examine Jurisdiction of Police vs GST Authorities to Detain Goods in Transit

September 3, 2025 612 Views 0 comment Print

The present petitions were filed challenging the impugned order dated 28thApril, 2025 passed by the High Court at Calcutta. The issue pertains to release of the goods which were seized by the police after registration of First Information Report.

EPFO Dues vs. Secured Creditors – SC Remands Priority Dispute for Fresh Hearing

September 3, 2025 561 Views 0 comment Print

The Supreme Court has remanded a case to the Karnataka High Court to re-examine the priority dispute between EPFO dues and secured creditors under the SARFAESI Act. The ruling mandates a new hearing to balance these competing claims.

Auction Sale Stands: SC Confirms Appellant’s Title but Orders Additional Compensation

September 3, 2025 858 Views 0 comment Print

Supreme Court confirmed validity of a two-decade-old auction sale for an agricultural plot but mandated buyer to pay additional compensation and get land surveyed to ensure sale’s finality and fairness.

Contract Clause Not Enough to Deny Pendente Lite Interest: SC

September 3, 2025 438 Views 0 comment Print

Supreme Court dismisses ONGC’s appeal, affirming an arbitral award for a contractor. The Court clarifies that a general ‘no interest’ clause is insufficient to bar an arbitrator from awarding pendente lite interest.

Current account transactions & commercial advances are outside Section 2(22)(e) purview

September 3, 2025 690 Views 0 comment Print

The ITAT Ahmedabad bench ruled that loans from current accounts for business purposes cannot be classified as deemed dividends under Section 2(22)(e) of the Income Tax Act. Learn why this decision matters for inter-company financial transactions.

Gift Deed to Mother-in-Law Struck Down – Fraudulent Share Transfer Invalid: SC

September 3, 2025 14220 Views 0 comment Print

Supreme Court overturns NCLAT, nullifying a gift deed and share transfer, and reinstating Shailja Krishna as the majority shareholder of Satori Global Ltd. Key takeaways for corporate law and NCLT jurisdiction.

ITAT Delhi Rules on Depreciation, software expenditure, R&D, 80JJAA

September 3, 2025 729 Views 0 comment Print

A summary of the ITAT Delhi ruling on cross-appeals involving International Tractor Ltd. covering key tax issues on depreciation, R&D, and other business deductions.

IBC Prevails in GST Anti-Profiteering Dispute: GSTAT

September 3, 2025 552 Views 0 comment Print

A GST Appellate Tribunal ruling finds that an approved resolution plan under the Insolvency and Bankruptcy Code (IBC) extinguishes anti-profiteering claims not listed in the plan.

Admission of IBC application for default in repaying ₹5.7 Cr over 10-Year interest-free period

September 3, 2025 459 Views 0 comment Print

In the instant case, the dispute pertained to promoter and inter-corporate loans advanced to the respondent-corporate debtor Palchan Bhang Power Private Limited (PBPPL) between 2011 and 2014 for the development of the Palchan Bhang Hydro Electric Project.

Customs should reconsider if denying application for renewal of self-sealing licence without providing opportunity of hearing

September 3, 2025 390 Views 0 comment Print

Customs department must reconsider an exporter’s application for renewal of a self-sealing licence when earlier violations had been settled and the exporter had not been given a chance to explain their case as there was clear violation of principles of natural justice.

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