We are pleased to share with you our latest Customs and GST Alert, covering recent judgments and regulatory updates. We trust that you will find the same useful. Looking forward to receiving your valuable feedback. For any clarification, please write to: Mr. Shammi Kapoor Senior Partner [email protected] Mr. Arnab Roy Partner [email protected]
The Supreme Court, in G.R. Infra Projects Limited v. State of Madhya Pradesh & Ors., held that a mere reference to “fraud”, “wilful misstatement” or “suppression of facts” is insufficient to invoke the extended limitation under Section 74 of the CGST Act. The Court emphasised that the SCN itself must set out the facts and […]
The Securities and Exchange Board of India (SEBI) has introduced a harmonised and risk-based framework for the transmission of listed securities and AMC-issued units upon the demise of a sole holder or all joint holders, aimed at simplifying documentation and making the process more efficient and investor-friendly. The circular introduces a Quick Transmission Processing (QTP) […]
The Uttarakhand High Court has reiterated that disputes arising from the suspension or termination of an online account pursuant to contractual terms with a private platform ordinarily cannot be pursued through a writ petition under Article 226 of the Constitution. In Swati Alias Smriti Negi v. Union of India & Ors. (2026:UHC:6805), the Court declined […]
This issue examines a consistent judicial theme in contemporary criminal law: coercive powers must be exercised strictly within statutory and constitutional limits. The Delhi High Court has clarified that Look Out Circulars cannot be used as instruments of debt recovery. Mere loan default or financial distress, without allegations of fraud or serious economic wrongdoing, cannot […]
We are pleased to share our latest Tax Alert analysing the Taxation and Other Laws (Amendment) Bill, 2026, as passed by the Lok Sabha on 6 August 2026. In this edition, we analyse the proposed amendments, inter alia, to the Income-tax Act, 2025. Notably, the Bill proposes eased conditions for foreign companies procuring data centre […]
