ED Can’t Arrest Once Court Has Taken Notice of Complaint: SC
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ED Can’t Arrest Once Court Has Taken Notice of Complaint: SC

In a significant ruling the Supreme Court on Thursday ruled that Enforcement Directorate cannot arrest an accused booked under the prevention of Money Laundering Act (PMLA) once the court had taken cognizance of its prosecution complaint (equivalent of a charge sheet) The Supreme Court made it clear that in case Where an accused was not…

Top Court Admits Petition Against GST on Realty JVs
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Top Court Admits Petition Against GST on Realty JVs

The Supreme Court has admitted a petition challenging imposition of goods and services tax (GST) on the transfer of development rights within joint development agreements between realty developers and landowners. The court has issued notices to the Union government, GST Council and Central Board of Indirect Taxes and Customs (CBIC), seeking their replies to the…

GST on Croporate Guarantees: SC to Offer Clarity, say Officials
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GST on Croporate Guarantees: SC to Offer Clarity, say Officials

A clarity on the contentious provision of levying GST on corporate guarantees between two related entities will emerge only after the Supreme Court gives its final word on the subject, and until then, holding companies are likely to keep getting demand notices, a section of GST officials told ET. Several companies caught in the crosshairs…

Celebs And Influencers will be held Liable for Misleading Ads, Warns SC
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Celebs And Influencers will be held Liable for Misleading Ads, Warns SC

The Supreme Court on Tuesday warned that celebrities, social media influencers and advertisers will be equally responsible and liable if they endorse and publish deceptive and misleading ad campaigns or services related to food and health products. It is the shared responsibility of advertisers and endorsers, including celebrities and influencers, to ensure the accuracy of…

SC Junks Traders’ Petition Against MSME Payments clause in I-T Act
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SC Junks Traders’ Petition Against MSME Payments clause in I-T Act

The Supreme Court on Monday refused to entertain a petition by traders’ associations, challenging the constitutionality of Section 43B(H) of the Income Tax Act that requires businesses to settle their dues with micro, small and medium enterprises (MSMEs) within 45 days to claim tax benefits. A bench led by Chief Justice DY Chandrachud instead as…

Payment for Imported Software Not Royalty: SC
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Payment for Imported Software Not Royalty: SC

The Supreme Court has rejected the income tax department’s petition seeking review of its March 2021 judgment that held that payments made to non-residents for software purchase can’t be taxed as royalty. The revenue authorities had termed these cross-border payments made to foreign software companies and distributors for the soft- ware purchase as royalty. The…

SC refuses to accept apology tendered by Patanjali MD, Ramdev

SC refuses to accept apology tendered by Patanjali MD, Ramdev

The supreme court on Wednesday once again refused to accept the “unconditional and unqualified” apology offered by Patanjali Ayurved, its co-founder and yoga guru Baba Ramdev and managing director Acharya Balkrishna in a contempt case related to airing of misleading advertisement for their Ayurvedic medicines. The apex court also cracked also cracked the whip on…

AAP Govt to Give ₹1,000/M to Women Above 18 Years, Keeps Out I-T Payers
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AAP Govt to Give ₹1,000/M to Women Above 18 Years, Keeps Out I-T Payers

Putting women at the centre of its budget, the Aam Aadmi Party (AAP) government on Monday promised Rs 1,000 per month to all women above 18 years of age for the 2024-25 fiscal in the national capital. Presenting the budget 2024-25, Delhi finance minister Atishi announced the Mukhyamantri Mahila Samman Yojana under which the AAP…

SC Warns Patanjali of Contempt Action for Continuing With ‘Misleading Ads’
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SC Warns Patanjali of Contempt Action for Continuing With ‘Misleading Ads’

Expressing displeasure over Patanjali Ayurved continuing to publish misleading advertisements on medicinal cures despite undertaking to refrain from doing so, the Supreme Court on Tuesday issued notices to the company and its managing director Acharya Balkrishna, asking them as to why contempt proceedings should not be initiated against them. Warning the yoga guru Baba Ramdev-promoted…

SC: Telcos not Liable to Deduct TDS on SIM Card Discounts
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SC: Telcos not Liable to Deduct TDS on SIM Card Discounts

In a big relief to telecom companies, the Supreme Court on Wednesday ruled that they are not liable to deduct tax at source (TDS) on discounts given to their distributors on sale of SIM cards and recharge vouchers. The order will also have a huge impact on all companies who employ distributors such as pharma…