Alerts – Vaish Associates Advocates

Customs and GST Alert – August 2025

We are pleased to share with you the link to our newsletter on the latest GST and Customs Developments. The newsletter covers recent judgments and regulatory updates in the GST and Customs space in India. We trust that you will find the same useful. Looking forward to receiving your valuable feedback. For any clarification, please […]

IBC Update: IBBI Tightens Disclosure Norms for PUFE Transactions and Information Memorandum Updates

In a move aimed at enhancing transparency and stakeholder confidence, the IBBI has notified key amendments to the CIRP Regulations effective July 5, 2025. The amendments place a continuous obligation on the Resolution Professional to provide updates to the Information Memorandum and mandate the disclosure of all identified avoidance transactions (PUFE) within the IM itself. The […]

Customs and GST Alert – July 2025 – 2nd Alert

IBC Update: NCLAT Holds- Provisional Attachments of Assets by ED Under PMLA Do Not Violate Moratorium under IBC

In a significant judgment, the Hon’ble NCLAT has addressed key issues on the intersection of the Insolvency and Bankruptcy Code, 2016 and the Prevention of Money Laundering Act, 2002. In Anil Kohli (RP for Dunar Foods Ltd) vs Directorate of Enforcement, the Tribunal held that provisional attachment of assets under the PMLA does not violate […]

ITAT Rules Capital Gains on Equity-Oriented Mutual Funds Not Taxable Under India-Mauritius DTAA

In a crucial ruling, the Delhi Bench of the ITAT held that capital gains arising from the sale of equity-oriented mutual funds by a Mauritius-based FII are not taxable in India under Article 13(3A) of the India-Mauritius DTAA. The Tribunal observed that such gains cannot be equated with gains from the alienation of “shares” as mutual fund […]