To determine the appropriate jurisdiction for a money recovery suit, consider both territorial and pecuniary factors. Territorially, the suit can be filed where the defendant resides, carries on business, or where the cause of action arose. Pecuniary jurisdiction depends on the value …
Cheque Bounce New Rules 2025: Stricter Penalties, Faster Complaint Filing & Key Changes You Must Know Starting April 1, 2025, the Government of India has introduced significant amendments to the Negotiable Instruments Act, tightening rules around cheque bounce cases. These updates aim to …
The Supreme Court of India is set to commence final hearings on May 5, 2025, in the high-stakes Goods and Services Tax (GST) dispute concerning the online gaming industry. The outcome of this landmark case could significantly shape the regulatory …
In a significant judgment, the Allahabad High Court has held that GST authorities cannot alter their stand after verifying goods and invoices during transit. The ruling came in the case M/S Maa Kamakhya Trader vs. Additional Commissioner Grade 2 and Another (WRIT …
In a significant ruling, the Patna High Court has quashed a tax demand of ₹88,64,550.50 raised under the CGST/BGST regime, citing non-compliance with mandatory legal procedures outlined in Section 67 of the CGST/BGST Act, 2017 and Section 100 of the …
The Reserve Bank of India (RBI) has levied monetary penalties totaling Rs. 2.206 crore on five leading Indian banks for various lapses in regulatory compliance. The banks penalized include ICICI Bank, Axis Bank, IDBI Bank, Bank of Maharashtra, and Bank …
In a recent landmark judgment, the Himachal Pradesh High Court has ruled that insurance companies are not liable to compensate gratuitous passengers, such as porters or labourers, travelling in goods vehicles. The judgment was passed by Justice Satyen Vaidya in …
The Karnataka State Chartered Accountants Association (KSCAA) has formally approached the Central Board of Direct Taxes (CBDT) seeking urgent clarification on the denial of rebate under Section 87A of the Income Tax Act for Short-Term Capital Gains (STCG) taxed under …
In a significant ruling under the Negotiable Instruments Act, 1881, the High Court of Jammu & Kashmir and Ladakh has held that a minor typographical error in a statutory demand notice does not invalidate proceedings for cheque dishonour. The decision came …
Tax Deducted at Source (TDS) isn’t just for large corporations. In India, small businesses and even individuals may be required to deduct and deposit TDS in specific situations. Understanding your responsibilities is crucial to remain compliant and avoid penalties. 1. TDS …
The Income Tax Department, under the Central Board of Direct Taxes (CBDT), has officially released the ITR-5 Form for Assessment Year (AY) 2025-26, covering income earned during Financial Year (FY) 2024-25. Announced on May 1, 2025, the updated form incorporates …
Fake GST Registration: In a determined move to enhance revenue collection and meet the ambitious target of Rs 51,000 crore for the current financial year, the Telangana Commercial Taxes Department has initiated a strong crackdown on fake GST registrations and …
The Central Board of Indirect Taxes and Customs (CBIC) has issued Instruction No. 04/2025-GST dated 02.05.2025, establishing a formal Grievance Redressal Mechanism for GST registration applications allocated to the Central Jurisdiction. This move follows Instruction No. 03/2025 dated 17.04.2025, which laid out a standardized process …
In a significant ruling, the Gauhati High Court has upheld a refund of income tax deducted from the salary of a Border Security Force (BSF) officer belonging to a Scheduled Tribe community. The division bench comprising Chief Justice Vijay Bishnoi …
In a significant move aimed at supporting the trading community, Delhi Chief Minister Rekha Gupta announced that the Delhi government will soon introduce a one-time Goods and Services Tax (GST) amnesty scheme. The announcement was made during a major conference organised …
The Central Board of Direct Taxes (CBDT) has officially released ITR Form 3 for Assessment Year 2025-26 through Notification No. 41/2025 dated April 30, 2025. This move comes in alignment with the amendments introduced via the Finance Act, 2024, and aims to bring greater …
In a significant ruling, the Delhi High Court has emphasized that Goods and Services Tax (GST) authorities must approach requests for adjournment of personal hearings on medical grounds with empathy. The Court highlighted that adverse orders should not be passed …
In a significant ruling reinforcing taxpayer rights under GST law, the Delhi High Court has directed the unblocking of the Electronic Credit Ledger (ECL) of an enterprise after the statutory period of one year had elapsed. The judgment is based …
Money disputes are as old as trade itself. From handshake agreements to formal contracts, unpaid dues often lead individuals and businesses into legal battles. In India, money recovery suits offer a structured legal mechanism to recover such debts—but the process …
The Kerala High Court has declined to interfere with the Income Tax Department’s seizure of Rs 1 crore from the bank account of the Communist Party of India (Marxist) [CPI(M)] Thrissur District Committee. The funds were frozen in the Bank …