50+ min ago   (971+ words) The architecture of the 1996 Act establishes a strict policy of deferred judicial review where an Arbitral Tribunal affirms its own jurisdiction: A. Section 5 (Non-Obstante Clause): Mandates minimal judicial intervention, barring judicial authorities from stepping into arbitral matters except where Part I…...

14+ hour, 29+ min ago   (996+ words) Already Upgraded? Log in. The Court relied upon the reasoning in Dishnet Wireless Ltd. vs. Assistant Commissioner of Income-tax (ODS), where it was observed that an approved resolution plan could not be interpreted as preventing the Income Tax Department from…...

6+ day, 23+ hour ago   (115+ words) Madras HC dismisses writ against private NBFC’s SARFAESI action, directing borrower to approach DRT under Section 17 within 30 days. Already Upgraded? Log in. SC Quashes Defamation Proceedings Against Bank Officers Over SARFAESI Notice Error Delhi HC Quashes SWM Act Proceedings Against…...

3+ day, 21+ hour ago   (122+ words) Delhi HC dismisses Revenue appeal, holding entire purchase addition cannot be restored where purchases were explained and profit element was already added. Already Upgraded? Log in. Form 10 Delay Condoned for First-Time E-Filing Oversights: Gujarat HC Delhi HC Stays Section 148 Reassessment…...

1+ week, 5+ day ago   (498+ words) Many business owners believe that bookkeeping is simply about recording income and expenses or preparing accounts for filing tax returns. In reality, bookkeeping is the foundation of every successful business. Without accurate financial records, it becomes difficult to know whether…...

5+ day, 59+ min ago   (593+ words) Already Upgraded? Log in. The Bangalore ITAT deleted an addition of ₹58.20 lakh under Section 69A read with Section 115BBE, holding that the assessee had satisfactorily demonstrated that the cash deposited during the demonetisation period represented agricultural income accumulated over earlier years. The…...

1+ week, 6+ day ago   (591+ words) In exercise of the powers conferred by Section 11 and 37 of the Credit Information Companies (Regulation) Act, 2005, and all other provisions / laws enabling the Reserve Bank of India (‘RBI’) in this regard, RBI being satisfied that it is necessary and expedient…...

2+ week, 3+ day ago   (1582+ words) The Bill also amends Section 11 dealing with organised crimes. It proposes increasing the minimum imprisonment from five years to seven years and enhancing the minimum fine from ₹1 crore to ₹10 crore. To strengthen investigation, the Bill amends Section 12 by empowering the…...

2+ week, 1+ day ago   (292+ words) Already Upgraded? Log in. Delhi ITAT Restricts Bogus Purchase Addition to 6% Where Sales Were Accepted The Delhi ITAT partly allowed the assessee’s appeal by restricting the addition on account of alleged bogus purchases to 6% of the purchase value instead of…...

2+ week, 2+ day ago   (248+ words) Already Upgraded? Log in. FULL TEXT OF THE ORDER OF ITAT JODHPUR The aforetitled appeal has been preferred by the assessee/appellant against the order dated 16 July 2025 u/s 143(3)/147 of the Income Tax Act, 1961 (in short referred as ‘the Act…...