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Order Imposing Penalty to Be Set Aside as E-Way Bill Was Produced Before Seizure Order Was Passed and There Was No Intention to Evade Tax | HC
Case Details: Osr Creation vs. State of U.P. - [2025] 171 taxmann.com 745 (Allahabad) Judiciary and Counsel Details Piyush Agrawal, J. Pranjal Shukla, for the Petitioner. Facts of the Case The assessee, a proprietorship concern engaged in the manufacturing and trading of furniture, operated from Krishna Nagar, East Delhi, under GSTIN No. 07AKFPRF921G1Z2. In the normal […]
SEBI Mandates Timely Deployment of NFO Funds by AMCs Within 30 Business Days
Circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2025/23, Dated: 27.02.2025 To ensure timely deployment of funds raised in NFOs, SEBI has notified timelines for deployment of funds collected by AMCs in New Fund Offer (NFO) as per asset allocation of the scheme. The AMC shall deploy the funds garnered in an NFO within 30 business days from the date of […]
Provisions of Code of Criminal Procedure Would Also Apply for Search, Seizure, and Arrest Under GST Act and Customs Act | SC
Case Details: Radhika Agarwal vs. Union of India - [2025] 171 taxmann.com 832 (SC) Judiciary and Counsel Details Sanjiv Khanna, CJI., M.M. Sundresh & Bela M. Trivedi, JJ. Facts of the Case The assessee was taken into custody under Section 104(1) of the Customs Act, 1962, as well as Sections 69 and 70 of the […]
Non-Registration of Trust Under State Trust Act Not a Hurdle for Registration Under Income Tax Act | ITAT
Case Details: APJ Abdul Kalam Education and Welfare Trust vs. Commissioner of Income-tax, Exemption - [2025] 171 taxmann.com 569 (Jaipur-Trib.) Judiciary and Counsel Details Dr. S. Seethalakshmi, Judicial Member & Gagan Goyal, Accountant member Deepak Sharma, Adv. for the Appellant. Ms Alka Gautam, CIT, Ld. DR for the Respondent. Facts of the Case The assessee-trust applied for […]
Builder Cannot Deduct GST From Refund of Booking Amount if No Such Clause Exists in Sale Agreement | HC
Case Details: Emerald Haven Realty Developers (Paraniputhur) (P.) Ltd. vs. S.V. Ramesh - [2025] 171 taxmann.com 321 (Madras) Judiciary and Counsel Details Mrs J. Nisha Banu & R. Sakthivel, JJ. Satish Parasaran, Senior Counsel & Rahul Balaji for the Appellant. Devaraj & Siddharath Bhandari for the Respondent. Facts of the Case The assessee, a real estate developer, […]
Order of Rejection to Be Set Aside as There Was No Restriction for Persons Outside State to Seek GST Registration in Andhra Pradesh | HC
Case Details: Tirumala Balaji Marbles and Granites vs. Assistant Commissioner ST - [2025] 171 taxmann.com 594 (Andhra Pradesh) Judiciary and Counsel Details R. Raghunandan Rao & Harinath. N, JJ. Anil Kumar Bezawada, for the Petitioner. Facts of the Case The petitioner, a business entity seeking to establish operations in Andhra Pradesh, applied for GST registration under […]
Petitioner Can’t Be Held Liable for Dishonour u/s 138 of NI Act as He Wasn’t a Director of Accused Company, Drawer of Cheque | HC
Case Details: Sanjay Dhingra v. Woori Bank, Gurgaon Branch - [2025] 171 taxmann.com 525 (HC-Delhi) Judiciary and Counsel Details Amit Mahajan, J. Karan Batura & Jayant Chawla, Advs. for the Petitioner. Rohit, SI for the Respondent. Facts of the Case In the instant case, the Respondent bank extended a loan to the company, i.e., ‘KL’. Since ‘KL’ […]
Government Reintroduces Advocates (Amendment) Bill, 2025 for Public Consultation; Bar Council Welcomes Decision
Press Release; Dated: 22.02.2025 Earlier, the Advocate (Amendment) Bill, 2025, was opened for public consultation on Feb 13, 2025, via the Department of Legal Affairs website, reflecting the government’s commitment to transparency. Given the numerous suggestions received, the consultation process is now concluded. The revised draft will undergo further stakeholder consultation. The Bar Council of […]
RBI Issues New Directions on Forward Contracts in Government Securities Effective May 02, 2025
Notification No. FMRD.DIRD.17/14.03.042/2024-25, Dated 21-02- 2025 The RBI, under sections 45W and 45U of the RBI Act, 1934, has issued the Reserve Bank of India (Forward Contracts in Government Securities) Directions, 2025. These apply to forward contracts in government securities (bond forwards) in the Over-the-Counter (OTC) market in India. The directions are effective from May […]
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