The Supreme Court held that the High Court improperly quashed the FIR by evaluating defence evidence and deciding intention prematurely. It ruled that the complaint disclosed a prima facie offence, ...

ITAT held that reopening of assessment under Section 148 is invalid if no fresh material emerges. Key takeaway: AO cannot ...

The Tribunal ruled that issuing a Section 143(2) notice before communicating reasons for reopening deprives the assessee of ...

ITAT Chennai quashed a reassessment notice under Section 148, holding that an Assessing Officer cannot reopen an assessment based solely on a change of opinion without fresh tangible material. This ...

The court ruled that requiring an Assistant Registrar’s recommendation for stamp duty exemption under Section 9A is unnecessary. The statutory registration certificate itself suffices, making the Memo ...

The Court ruled that failing to repay a loan does not amount to cheating without proof of fraudulent intent at inception, quashing the FIR and reaffirming that civil disputes cannot be ...

Tripura High Court held that an order accepting bond under section 88 of the Code of Criminal Procedure [CrPC]from the ...

The Court held that loan transactions create only a debtor–creditor relationship, not entrustment, and thus no offence under Section 406 IPC was made out, quashing the criminal ...

ITAT Delhi rules that delay in uploading Form 10CCB is procedural, not substantive. Start-ups can claim 80IAC deduction if the audit is completed on time and filed before assessment ...

The Court held that delayed TDS deposit and the petitioner’s role as Managing Director raise factual issues requiring trial, rejecting the plea for ...

The updated SEBI Master Circular consolidates multiple regulations for FPIs and DDPs, ensuring regulatory continuity while protecting investor ...

RBI mandates ALM guidelines for small finance banks, strengthening risk management and ensuring prudent liquidity and interest rate ...