The Delhi High Court recently addressed the issue of whether non-signatories to an arbitration agreement can be bound by it under the "group of companies" doctrine. The court…
25/07/20241 min read
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The Delhi High Court recently addressed the issue of whether non-signatories to an arbitration agreement can be bound by it under the "group of companies" doctrine. The court…
The Allahabad High Court ruled on a case involving independent work and a contractual arbitration agreement. The court determined that an independent contractor's dispute over…
The Delhi High Court ruled that an arbitral award can be challenged on public policy grounds under the Arbitration and Conciliation Act. The court emphasized that a challenge is…
The Supreme Court ruled that the Insolvency and Bankruptcy Code IBC Corporate Insolvency Resolution Process CIRP of a holding company cannot extend to the assets of its…
The Madhya Pradesh State Consumer Disputes Redressal Commission ruled on a case involving an insurance claim. The complainant, having purchased a non-standard health insurance…
The Kerala High Court dismissed the petition by the Indian Medical Association IMA challenging the levy of GST on the supply of goods and services to its members. The court upheld…
The Allahabad High Court quashed a search and seizure order and the related GST proceedings due to procedural lapses in the case of New Makhan Bhog vs. State of UP and Others. The…
The Gujarat Authority for Advance Ruling AAR determined that nominal salary deductions for food provided at factory premises are not considered a supply under Section 7 of the…
The AAR Authority for Advance Rulings recently ruled that GST is applicable only on supervision fees when the recipient covers the costs of materials and installation. The ruling…
The article from Taxscan discusses a ruling by the Authority for Advance Rulings AAR on the taxation of vouchers under the CGST Act. It concludes that vouchers should be treated…
The Authority for Advance Rulings AAR has ruled that Input Tax Credit ITC on capital goods used for transmitting electricity from a power station to a factory is permissible under…
The Supreme Court recently observed that directors cannot be disqualified for failing to file balance sheets before the fiscal year 2014-15. The Court highlighted that such…
In a recent ITAT ruling, it was held that the Assessing Officer AO cannot make income additions solely based on a retracted statement from a third party. The tribunal emphasized…
The CBDT has issued FAQs regarding the new capital gains tax regime proposed in the Union Budget 2024-25. Key points include the introduction of a simplified tax structure with…
The Finance Bill 2024 proposes an amendment to GST laws allowing authorized representatives to appear on behalf of summoned taxpayers. This change is aimed at facilitating…
The CBIC has issued a notification allowing the duty-free import of commercial samples up to a total value of ₹3 lakh. This new rule applies to samples imported for the purpose of…
The article discusses the need for reform in Section 115JB 2d of the Income Tax Act in the context of Minimum Alternate Tax MAT provisions. It highlights how current regulations…
The Indian Union Budget 2024 has impacted property transactions significantly. Previously, buyers could benefit from indexation on long-term capital gains tax, which adjusted the…
In a recent decision, the Orissa High Court set aside an ex-parte GST assessment order due to the absence of proper notice to the taxpayer. The court found that the GST authority…
The Kerala High Court ruled that income from the sale of property, which is invested in another property, is still subject to capital gains tax under the Income Tax Act. The court…
The Madras High Court has granted an opportunity for contesting GST liabilities to a petitioner whose GST notice and order were sent to incorrect addresses. The petitioner, having…
The Supreme Court of India ruled that the assets of a subsidiary company cannot be included in the insolvency resolution plan of its holding company. This decision emphasizes the…
The Supreme Court of India has ruled that royalty payments for mining are not classified as taxes. This decision came from a nine-judge bench led by Chief Justice DY Chandrachud,…
Finance Minister Nirmala Sitharaman, in the Budget 2024-25, proposed the decriminalization of delayed Tax Deducted at Source TDS payments until the due date. This move aims to…
The Central Board of Direct Taxes CBDT has granted income tax exemptions under Section 10 46 of the Income Tax Act, 1961, to three organizations: the Competition Commission of…
The article discusses the Budget 2024-25 proposal to increase the deductible remuneration for working partners in partnership firms. The Finance Minister has suggested raising the…
The Budget 2024-25 focuses on enhancing employment and skill development. Key measures include the introduction of a new employment support scheme, which aims to create job…
The Budget 2024-25 mandates that obtaining a tax clearance certificate now includes liabilities under the Black Money Undisclosed Foreign Income and Assets and Imposition of Tax…
The Indian Budget 2024-25 amends Section 271FAA to enhance compliance with the Automatic Exchange of Information AEOI framework. It clarifies penalties for inaccuracies in…
The 2024-25 budget introduces amendments to transfer pricing rules for specified domestic transactions SDTs . Section 92CA now allows Transfer Pricing Officers TPOs to determine…
The Budget 2024-25 introduces new compliance rules for non-resident liaison offices in India. Non-residents must submit a statement of activities to the Assessing Officer within…
The Institute of Chartered Accountants of India ICAI has welcomed the 2024-25 Union Budget for its focus on employment, skilling, MSMEs, and middle-class relief. Key highlights…
On July 25, 2024, Asian markets showed a negative trend, impacting Indian stock indices. The Sensex and Nifty may open lower due to adverse global cues. The Gift Nifty, a leading…
The Madras High Court ruled that GST Intelligence Wing officers have the authority to issue pre-show cause notices. This decision aims to streamline the tax enforcement process by…
SEBI has directed Linde India to address and resolve issues related to its transactions with Praxair and Linde South Asia. This follows concerns about the proper disclosure and…
The Budget 2024-25 introduces a new provision allowing Tax Collected at Source TCS credits for minors to be claimed by their parents. This change aims to simplify tax compliance…
Adani Energy Solutions reported a significant financial performance for Q1, with a net profit increase of 73% and a revenue surge of 43% year-over-year. This growth is attributed…
IDBI Bank investors have obtained security clearance for the bank's sale but are awaiting final approval from the Reserve Bank of India RBI . The security clearance, granted by…
Swati Maliwal, Delhi Commission for Women’s chairperson, was attacked by Bibhav Kumar, a convicted criminal, prompting her to seek Supreme Court intervention after Delhi High…
The Kerala High Court declined to stay the Kerala Governor's nominations to the Senate of Kerala University. The court's decision means that the Governor's appointments, made…
The Allahabad High Court has expressed caution regarding "almost perfect" First Information Reports FIRs when assessing relief requests for accused individuals. The court is…
In a recent case before the Madras High Court, an advocate's unusual plea has drawn significant attention. The lawyer, seeking protection from potential threats, requested the…
The Delhi High Court has requested a response from the Enforcement Directorate ED regarding a plea challenging the trial court's summons against Delhi Minister Satyendar Jain.…
The Bombay High Court recently quashed an FIR filed against individuals who posted messages on WhatsApp criticizing Islam. The court ruled that the messages did not incite…
In a recent development, the Bar Council of Delhi ruled that there is no conflict of interest concerning senior advocate Mehmood Pracha's representation in the Delhi riots case.…
A New York court has dismissed an $8 billion lawsuit filed by the founder of NMC Health against Bank of Baroda, Ernst & Young EY , and other entities. The lawsuit accused these…
The Jammu and Kashmir High Court has initiated a suo motu case to address the retrieval of an Indian man’s body from Pakistan. The court's intervention follows the death of an…
The Supreme Court Collegium has decided against making the nine additional judges of the Calcutta High Court permanent. Instead, it has opted to extend their terms temporarily.…
The Bombay High Court has mandated a ban on single-use plastics within its campus to promote environmental sustainability. This decision aligns with broader efforts to reduce…
Delhi High Court has permitted Delhi Chief Minister Arvind Kejriwal to meet his lawyers for additional sessions in jail beyond the standard allotted time. Kejriwal, currently…
The Delhi High Court recently addressed the issue of whether non-signatories to an arbitration agreement can be bound by it under the "group of companies" doctrine. The court…
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