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The Gauhati High Court has ruled that further investigations under the Prevention of Money Laundering Act are not permitted after a trial has officially commenced. This judgment sets a clear procedural boundary for financial crime proceedings. Legal professionals must account for this constraint when handling active litigation.
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The Supreme Court has clarified that the Enforcement Directorate holds the authority to examine individuals accused under the Prevention of Money Laundering Act even after a formal complaint has been filed. This interpretation affirms broader investigative powers for financial crime authorities. Practitioners must prepare clients for post-complaint questioning sessions.
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The Gauhati bench of the ITAT has ruled that references made to the Transfer Pricing Officer are invalid due to the omission of Section 92BA(i). This decision highlights critical compliance requirements in international taxation and domestic transfer pricing audits. Tax professionals must review past transfer pricing references for similar jurisdictional flaws.
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The Supreme Court has mandated that any further investigations conducted by the Enforcement Directorate under the Prevention of Money Laundering Act must strictly adhere to established legal safeguards. This ruling balances aggressive financial crime enforcement with the protection of individual rights. Legal advisors must ensure procedural compliance during supplementary probes.
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The Mumbai bench of the ITAT has permitted deductions for derivative mark-to-market losses despite conflicting instructions issued by the Central Board of Direct Taxes. This ruling reaffirms judicial independence in interpreting tax laws over administrative circulars. Finance professionals must evaluate corporate derivative accounting practices in light of this decision.
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The Delhi High Court has held that the absence of goods and services tax search documents does not automatically establish wilful contempt of court. This ruling provides relief to entities facing strict punitive allegations during tax enforcement actions. Legal advisors must ensure thorough documentation when dealing with search and seizure proceedings.
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The Confederation of Indian Industry has welcomed the GST Council's decision to decriminalize certain offenses, labeling it a landmark tax reform. This policy shift aims to improve the ease of doing business and reduce litigation for corporate taxpayers. Industry leaders and tax consultants expect a more conducive compliance environment going forward.
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The introduction of E100-compatible cars in India raises important questions regarding potential increases in motor insurance premiums, policy coverage terms, and claim settlement procedures. Insurers and vehicle owners are analyzing how high-blend ethanol vehicles will alter risk profiles and underwriting standards. Industry experts are monitoring policy adjustments to accommodate alternative fuel technologies.
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The Rajasthan High Court has mandated the refund of Rs 2.35 crore recovered through form GST DRC-03 during search proceedings. The court emphasized that tax collections must follow established statutory frameworks rather than coercive measures during inspections.
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Kia India registered its highest-ever monthly wholesales of 33,462 units in October 2026, marking a 13.22 percent annual increase. Cumulative sales for the first ten months crossed previous annual benchmarks, driven by festive demand and diverse powertrain offerings.
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Indian Oil Corporation deployed 37 percent of its Rs 32,700 crore capital expenditure target for financial year 2027 during the first half of the year. The steady spending highlights ongoing infrastructure investments by the public sector undertaking.
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The Supreme Court has clarified that courts cannot grant bail to an accused person solely on the grounds of parity with a co-accused. Judicial authorities must independently evaluate individual roles and merits before releasing any applicant. This judgment reinforces stricter scrutiny in criminal jurisprudence.
Effective Not specified in the update
For professionals: Review pending bail matters to ensure robust and individualized arguments are presented instead of relying primarily on co-accused outcomes. · Focus on individual conduct, distinct criminal history, and specific evidence rather than mechanical replication of relief granted to others.
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