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  • August 8, 2025

ITAT nullifies assessment for lack of AO’s jurisdiction

Case Details: Vishan Gunna vs. ACIT - [2025] 176 taxmann.com 959 (Delhi - Trib.) Judiciary and Counsel Details ANUBHAV SHARMA, Judicial Member and Manish Agarwal, Accountant Member R. Mohan Kumar, Adv. for the Appellant.  Abhishek Sharma, CIT DR for the Respondent. Fact of the Case The assessee was a non-resident Indian residing in the USA, having a […]

  • August 6, 2025

Invalid Land Transfer Doesn’t Void Entire Assignment | NCLAT

Case Details:Saurabh Jhunjhunwala v. Pegasus Assets Reconstruction Company (P.) Ltd. - [2025] 176 taxmann.com 739 (NCLAT- New Delhi) Judiciary and Counsel Details Justice Ashok Bhushan, Chairperson and Barun Mitra, Technical Member Krishnendu Datta, Abhijit Sinha, Sr. Advs., Ms. Aditi Sharma and Kaushik Banerjee, Advs. for the Appellant.  Amar Dave, Sr. Adv., Dinkar Singh, Rohit Singh, Gaurav H. Sethi, Bijay Murmuria, Rahul Kapoor, Vipin Jai, Monish Surendran, Rahul Panwar and Vipul […]

  • August 5, 2025

SC Dismisses SLP on Negative Blocking of ECL, Cites K.J. International

Case Details: Deputy Director v. Ramesh Kumar Yadav - [2025] 176 taxmann.com 786 (SC) Judiciary and Counsel Details Rajesh Bindal and R. Mahadevan, JJ. Rupesh Kumar, Sr. Adv., Manoj Kumar, Adv. and Gurmeet Singh Makker, AOR for the Petitioner. Rajat Mittal, AOR and  Tarang Goyal, Adv. for the Respondent Fact of the Case The Petitioner challenged the negative blocking of […]

  • August 4, 2025

HC | Sec 74 Proceedings Valid Despite Sec 61 Proceedings Being Dropped

Case Details: Amit Agarwal vs. Assistant Commissioner, CGST & CX - [2025] 176 taxmann.com 942 (Calcutta) Judiciary and Counsel Details Raja Basu Chowdhury, J. Vinay Shraff, Dev Agarwal and Ms. S. Poddar for the Petitioner. Vipul Kundalia, Sr. Adv., Tapan Bhanja and Anindya Kanan for the Respondent. Fact of the Case The petitioner, a registered person under the CGST Act, was […]

  • August 3, 2025

SEBI Proposes Eased IPO Norms under ICDR Regulations

Consultation Papers Dated 31.07.2025 SEBI Proposes Key Amendments to ICDR Regulations for IPO Reforms The Securities and Exchange Board of India (SEBI) has released a consultation paper proposing significant amendments to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The aim is to enhance ease of doing business and address various practical challenges […]

  • August 2, 2025

ITAT | Derivative Gains of Mauritius Resident Not Taxable in India

Image Case Details: 3 Sigma Global Fund vs. ACIT, International - [2025] 176 taxmann.com 708 (Mumbai - Trib.) Judiciary and Counsel Details Ms. Padmavathy S., Accountant Member and Raj Kumar Chauhan, Judicial Member Bhaumik Goda, AR for the Appellant. Krishna Kumar, Sr. DR for the Respondent. Fact of the Case The assessee, a company incorporated in Mauritius, […]

  • August 1, 2025

HC | AIFs Can’t Name Investors in Trust Deed Due to SEBI Norms

Case Details: Equity Intelligence Aif Trust vs. Central Board of Direct Taxes - [2025] 176 taxmann.com 903 (Delhi) Judiciary and Counsel Details GDEVENDER KUMAR UPADHYAY, CJ. and TUSHAR RAO GEDELA, J. S. Ganesh, Ms. Kavita Jha, Sr. Advs., Vaibhav and Himanshu Aggarwal, Advs. for the Petitioner. Puneet Rai, Sr. Standing Counsel,  Ashvini Kumar and Rishabh Nangia, Advs. for the Respondent. Fact of the Case […]

  • July 31, 2025

Bulk Purified Water via Tankers Exempt from GST | AAR

Case Details: Hisham Transport, In re [2025] 176 taxmann.com 723 (AAR - KERALA) Judiciary and Counsel Details Jomy Jacob and Mansur, Member M.A. Moideen, Chartered Accountant for the Appearing Parties. Fact of the Case The applicant, engaged in the supply of drinking water, sought a ruling on the taxability of water supplied in bulk through tanker lorries […]

  • July 29, 2025

SEBI Honors Kargil Heroes on Vijay Diwas with Wreath Laying Ceremony

PR No. 47/2025; Dated: 26.07.2025 On the solemn occasion of the 26th Kargil Vijay Diwas, the Chairman of SEBI, Shri Tuhin Kanta Pandey, led a poignant wreath-laying ceremony at the SEBI Head Office located in BKC, Bandra, Mumbai. The ceremony served as a mark of deep respect and remembrance for the brave soldiers of the […]

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