Curated legal news, case breakdowns, and workflow tips for fast-moving practitioners.
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Indian residents can legally buy property abroad under FEMA and RBI’s LRS, with a USD 250,000 limit, joint ownership, and overseas loan options. Full rules and compliance here.
ROC Ahmedabad has fined Topsun Energy ₹3.5 lakh for failing to maintain the mandatory audit trail edit log under the Companies Act. Major MCA compliance crackdown.
Supreme Court confirms 100% GST penalty for wilful suppression under Section 74, upholding AP High Court’s ruling. Key judgment on GST non-filing and compliance.
Allahabad High Court rules ITC cannot be denied when the supplier was registered and paid GST. Judgment protects bona fide purchasers and strengthens taxpayer rights under GST.
India cracks down on crypto fraud as ED attaches ₹4,190 crore and CBDT uncovers ₹888 crore undisclosed VDA income. Govt brings crypto under PMLA for stricter oversight.