To alleviate the backlog of tax litigation, the government has raised the monetary thresholds for the ITD’s appeals - Rs 60 lakhs for Tribunals, Rs 2 crs for High Courts, and Rs 5 crs for the Supreme Court. By elevating the monetary limits, the government aims to focus judicial resources on more impactful cases, thereby reducing the pendency and accelerating the path to finality.
Read MoreThis new regulatory threshold mandates that any transaction with a deal consideration exceeding INR 2,000 Crore-and involving target entities with substantial business operations—will require clearance from Competition Commission of India (CCI).
Read MoreThis judgment clarifies the position of bail jurisprudence in PMLA matters specially as guaranteed under Article 21 and as protected by Article 22 of the Constitution.
Read MoreThe Cyber Adjudicating Officer dismissed Vodafone Idea’s contention that the petition was unmaintainable due to the pending Digital Personal Data Protection Act, 2023. Examination of the bank’s documents revealed that the fraudulent transactions were authorised through OTPs sent to a compromised mobile number, adhering to the two factor authentication system.
Read MoreThe success of VSV 1.0 has led to the introduction of VSV 2.0, providing a valuable opportunity for taxpayers to resolve their disputes and obtain tax certainty.
Read MoreIn a recent development in the world of Artificial Intelligence, whistleblowers from OpenAI, sent a letter to the United States’ Securities and Exchange Commission (SEC), asking the regulator to examine the company's contracts with its employees.
Read MoreEmbarking on the journey towards agility in the legal profession is a transformative endeavor, but it must be anchored by an unwavering dedication to ethical conduct, says Nitin Mittal, Head of Legal & Company Secretary, Signify - Greater India & Pacific Region.
Read MoreThe three new laws signal towards an efficient and technologically advanced criminal justice system. Digital evidence processing will likely become easier with the introduction and integration of technology, especially in cybercrimes, privacy-related issues and forensic investigations.
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