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Supreme Court Directs ₹3.5 Cr Deposit Against ₹159 Cr GST Assessment, Bars Coercive Recovery Till Appeal Hearing [Read Judgement]

Gopika V

In a recent ruling, the Supreme Court of India directed the deposit of ₹3.5 crore as a condition for interim relief in a high-stakes tax dispute,...

Supreme Court Upholds IBC ‘Clean Slate’, Bars Counter-claims but Permits Set-Off Defence in Ujaas...

Supreme Court to Decide Interest Liability for Delayed Payment to Income Tax Dept Counsel [Read...

SC Declines to Intervene in Delayed Income Tax Reassessment Challenge, Affirms Duty to Cooperate...

Consideration of SOA is not Alien to Proceeding under IBC: Supreme Court Remarks on Transfer...

Simultaneous CIRP Against Principal Borrower & Corporate Guarantor Permissible: Supreme Court Clarifies No Mandatory ‘Election’ of Claims [Read Order]

In a major ruling, the Supreme Court held that simultaneous CIRP proceedings under the Insolvency and Bankruptcy Code (IBC) can be started against both the principal borrower and the corporate...

SC Upholds Conviction In Foreign Watch Smuggling Case under Customs Act, Reduces Sentence To Period Already Undergone [Read Order]

The appellant's conviction in a case of smuggling foreign watches has been upheld by the Supreme Court of India in a case under Section 135(1)(b)(i) of the Customs Act, 1962, but with a substantial...

Benami Attachment Orders Cannot Be Challenged Before NCLT Under IBC: Supreme Court [Read Judgement]

In a recent judgment, the Supreme Court held that attachment orders passed under the Prohibition of Benami Property Transactions Act, 1988 cannot be challenged before the NCLT or NCLAT under the...

Wrongful GST ITC Availment Amounting To ₹17.8Cr: Chattisgarh HC Grants Anticipatory Bail [Read Order]

The Chhattisgarh High Court allowed anticipatory bail to Harish Wadhwani for the offence of wrongful utilization of Input Tax Credit (ITC) of about ₹17.83 crores under the CGST Act, 2017. The Court...

No Substantial Question of Law Found: SC Upholds MP HC Order Affirming ITAT’s Deletion of ₹3.73 Cr Loan Addition [Read Order]

The Supreme Court of India dismissed the Revenue’s Special Leave Petition (SLP) against the Madhya Pradesh High Court’s ruling of upholding the Income Tax Appellate Tribunal’s (ITAT) deletion of an...

CAM Charges Not ‘Rent’ u/s 194‑I of IT Act: SC Upholds Delhi HC Ruling, ₹4.4 Lakh TDS Demand on Fashion Retailer Set Aside [Read Order]

The Supreme Court of India, in a recent case, has dismissed the Revenue’s SpecialLeave Petition (SLP) challenging a Delhi High Court judgment that held Common Area Maintenance (CAM) charges are not...

Writ Petition Founded on Misrepresentation and Suppression: Calcutta HC Upholds WBIDC’s Transfer Fee Demand and Dismisses Appeal [Read Order]

The Calcutta High Court has dismissed an appeal filed by the appellant, affirming the Single Judge’s refusal to interfere with the West Bengal Industrial Development Corporation’s (WBIDC) demand...