• June 7, 2025

Case Details: K.R. Suresh v. R. Poornima - [2025] 174 taxmann.com 1145 (SC) Judiciary and Counsel Details J.B. Pardiwala & R. Mahadevan, JJ. Facts of the Case In the instant case, Respondent Nos. 1 to 4 (vendors) entered into an agreement to sell (ATS) in favour of the appellant for the sale of the suit […]

• June 6, 2025

Notification No. G.S.R 358(E); Dated: 30.05.2025 The Ministry of Corporate Affairs (MCA) has notified the Companies (Management and Administration) Amendment Rules, 2025, introducing significant revisions to Forms MGT-7, MGT-7A, and MGT-15. These revised forms will come into effect from 14th July 2025 and will be made available on the MCA V3 portal from the same […]

• June 5, 2025

Case Detaiuls: KEI Industries Ltd. vs. Union of India - [2025] 174 taxmann.com 1205 (Delhi) Judiciary and Counsel Details Pratibha M. Singh & Rajneesh Kumar Gupta, JJ. V. Lakshmikumaran, Yogendra A., Kund Kapoor & Ms Purvi Sinha, Advs. for the Petitioner. Kshitij Chhabra, Senior Panel Counsel, Shlok Chandra, SSC & Ujjwal Jain, Advs. for the Respondent. Facts of the Case […]

• June 4, 2025

This weekly newsletter analytically summarises the key stories reported at taxmann.com during the previous week from May 26th to 31st, 2025, namely: Oral gift of property to daughter on marriage excluded from ‘one house’ limit for Sec. 54F exemption: ITAT; SEBI revises appointment norms and cooling-off period for KMPs and PIDs in MIIs; Matter remanded […]

• June 2, 2025

Deeksha Jha – [2025] 174 taxmann.com 1020 (Article) 1. Introduction The way tax disputes are settled is changing, with old confrontational methods being replaced by methods that bring people together. Among all the new options available, mediation seems to be the most promising way to handle difficult tax situations. It is not only a process change; […]

• June 1, 2025

The Institute of Chartered Accountants of India (ICAI), through its Digital Accounting and Assurance Board (DAAB), has released an Exposure Draft proposing a comprehensive revision of the Forensic Accounting and Investigation Standards (FAIS) and its accompanying Implementation Guide. 1. Purpose of the Revision The proposed revisions are aimed at enhancing the professional framework that governs […]

• May 31, 2025

Mayank Mohanka – [2025] 174 taxmann.com 1068 (Article) Once upon a time, in the grand kingdom of Vijayanagar, under the benevolent rule of Raja Krishan Dev Rai, peace and prosperity flourished. The markets bustled, trade flourished, businesses gleamed, and the people and king were mostly happy, except for one persistent royal headache- tax collection. Though the […]

• May 30, 2025

IBBI Guidelines; Dated: 27.05.2025 1. Background and Objective The Insolvency and Bankruptcy Board of India (IBBI) has released the “Insolvency Professionals to act as IRPs, Liquidators, RPs and Bankruptcy Trustees (Recommendation) Guidelines, 2025.” The document replaces the 2024 framework and is meant to standardise how panels of Insolvency Professionals (IPs) are prepared and shared with […]

• May 29, 2025

Case Details: Shree Jagannath Traders vs. Chief Commissioner GST & Central Excise - [2025] 174 taxmann.com 677 (Orissa) Judiciary and Counsel Details Harish Tandon, CJ. & Murahari Sri Raman, J. Rudra Prasad Kar, Sr. Adv. & Sriman Arpit Mohanty, Adv. for the Petitioner. Bismay Anand Prusty, Sr. Standing Counsel for the Respondent. Facts of the Case The […]