In a recent development the honourable SC has held that electoral bonds are unconstitutional. The court also made some observations regarding section 182 of Companies Act. This section was amended to go away with the liability to disclose the name of donee. The corporates were
The Supreme Court’s directives on Electoral Bonds: A. State Bank of India (SBI) to halt issuance of electoral bonds. B. SBI to furnish details of electoral bonds purchased since April 12, 2019, to the Election Commission of India (ECI), including purchase date, purchaser’s name, and
In a notable legal development, the Hon’ble Calcutta High Court delivered a significant judgment in the case of PBL Transport Corporation (P) (Ltd.) v. Assistant Commissioner (ST), Writ Petition No. 33477 of 2023 dated January 04, 2024. The court’s decision shed light on the
Introduction: The Micro, Small, and Medium Enterprise (MSME) sector significantly contribute to India’s economic landscape. This article explores recent amendments to the Income Tax Act (ITA) related to MSMEs, focusing on key provisions and their implications. As per the Micro, Small and Medium Enterprise Act,
The Allahabad High Court ruled that the principle of res judicata does not apply across different assessment years in tax matters. However, it held that the tax department cannot change its stance for the same assessee across different assessment years without a marked change in
Supreme Court Declares Electoral Bond Scheme Unconstitutional On February 15, the Supreme Court delivered its verdict on a series of petitions challenging the validity of the Electoral Bond scheme, which enables anonymous funding to political parties. Chief Justice D Y Chandrachud led a five-judge Constitution
Introduction: The Directorate General of Foreign Trade (DGFT) issued Public Notice No. 43/2023 on February 14, 2024, introducing significant amendments to the Handbook of Procedures, 2023. These changes aim to facilitate the import of metallic waste and scrap by expanding the designated sea ports and
