The Delhi High Court, in the recent ruling of Birlasoft Ltd., 1 while dismissing the appeal the Revenue challenging the order passed by the Income-tax Appellate Tribunal ('ITAT')...

The 50th GST Council (the 'Council') meeting was held on 11th July, 2023, under the chairmanship of Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman.

Mega Cabs Pvt. Ltd. had challenged Rule 5A(2) of the Service Tax Rules, 1994, as amended by Notification No. 23/2014-ST dated 05.12.2014, which empowers deputing department officers...

This is the first case in India where the Tribunal had decided on the entitlement of treaty benefit to the taxpayer, post implementation of principal purpose test.

In the case tilted D.K. Shivakumar and Ors. Vs. Income Tax Department, Criminal Revision Petition Nos. 955, 959 and 969/2019, MANU/KA/7956/2019, the High Court of Karnataka has dismissed the criminal revision petitions ...

Thus, the finding of the NCLAT on RPM is, perhaps, a case of Type 2 error, in my opinion.

The Competition Commission of India vide its order dated January 10, 2018 has exposed a cartel of three top coal liaisoning agents –Nair Coal Services Ltd.(NCSL)/OP2, Karam Chand Thapar (KCT)/OP 3 ...

However, the infrastructure viz. unloading arms at the jetty, blender, heat exchanger and cavern was owned and operated by SALPG.

The Petitioner contended that the decision of the CCI was erroneous as it rejected the DG Report which recommended violation of Section 4 of the Act.

By way of judgment dated 29.05.2020, the National Company Law Appellate Tribunal ("NCLAT") has exonerated cab aggregators Ola and Uber from allegations of facilitating price...

Money laundering poses a grave threat not only to the financial systems of countries but also to their integrity and sovereignty. As a rapidly growing economy with a strategic geographical...

The fight against crime extends beyond apprehending offenders; it also involves disrupting the financial infrastructure that sustains criminal activities.

India's rapid economic growth and geographical location have contributed to its status as a regional financial power. However, alongside the formal financial system, the country also harbors...

In the intricate framework of the Prevention of Money Laundering Act, 2002 (PMLA), the symbiotic relationship between predicate offenses and the prosecution under...

Money laundering, a term that reverberates within the corridors of financial institutions and law enforcement agencies, encompasses a multifaceted web of activities that extend far beyond the...

With the digital age revolutionizing the way we conduct financial transactions, technology has become a double-edged sword in the fight against money laundering.

In Vijay Kumar Kela & Anr. v. Central Bureau of Investigation & Anr., 2026 INSC 588, the Supreme Court set aside criminal proceedings initiated by the Central Bureau of Investigation against borrowers after a loan dispute had already been resolved through a compromise settlement approved by the Debt Recovery Tribunal.

In Satender Kumar Antil v. Central Bureau of Investigation, 2026 INSC 115, the Supreme Court of India has reiterated and strengthened the safeguards governing arrest under the Bharatiya Nagarik Suraksha Sanhita, 2023 (BNSS), holding that issuance of notice under Section 35(3) of the BNSS is the rule in cases involving offences punishable with imprisonment of up to seven years.

Appeal can be filed before the CIT(A) against orders referred in section 246A of the Act, which covers substantial orders passed under the Act, such as:

As per section 145 of the Income Tax Act, 1961 (‘the Act'), income of an assessee chargeable to tax under the head "Profits and gains of business and profession" is determined as per the method of accounting consistently followed by an assessee.