LiveLawBiz Indirect Tax Weekly Round-Up: March 30 - April 05, 2026

SUPREME COURTSupreme Court Dismisses Fox Mandal's Appeal In ₹3.89 Crore Service Tax CaseCase Title : Fox Mandal And Company vs Commissioner Case Number : CIVIL APPEAL NO. 3CITATION : 2026 LLBiz SC 134The Supreme Court recently (March 25) dismissed an appeal filed by Fox Mandal and Company against the Commissioner of Central Goods and Service Tax, Noida, declining to interfere with the CESTAT order, which upheld service tax and CENVAT-related demands aggregating to about Rs. 3.89 crore. While...

Borrowers Entitled To Audit Reports Before Fraud Classification, No Right To Full Disclosure: Supreme Court

The Supreme Court on Monday ruled that borrowers must be given access to the material relied upon by banks, including relevant portions of forensic audit reports, before their loan accounts are classified as fraud but clarified that such disclosure is not absolute and may be restricted where it affects third-party rights. Holding that principles of natural justice require a meaningful opportunity to respond, a bench of Justices J.B. Pardiwala and K.V. Viswanathan said that where banks rely on...

Madras High Court Quashes IT Case Against Gautham Vasudev Menon Over Non-Filing Of His Company's Returns

The Madras High Court on Monday quashed an income tax prosecution against filmmaker Gautham Vasudev Menon for failure to file the income tax returns of his company, Photon Kathaas Productions Pvt Ltd, for the assessment year 2013-14.Justice GK Ilanthiraiyan quashed the case pending against Menon before the Additional Chief Metropolitan Magistrate. The case against Menon was initiated under Section 276 CC read with Section 278B of the Income Tax Act for non-filing of the returns of the company...

LiveLawBiz Direct Tax Weekly Round-Up: March 30 - April 05, 2026

SUPREME COURTSupreme Court Refuses To Interfere With Bombay HC Order Quashing IT Assessments Against Merged Reliance EntitiesCase Title : Deputy Commissioner of Income Tax v. Reliance Industries Limited Case Number : Diary No(s). 4339/2026 CITATION : 2026 LLBiz SC 141The Supreme Court on Wednesday refused to interfere with a Bombay High Court ruling that had quashed income tax assessments issued in the names of Reliance Polyethylene Ltd. and Reliance Polypropylene Ltd. even after their merger...

Adjudicating Authority Abdicated Appellate Powers, Supreme Court Sets Aside FEMA Order Passed Pending Appeal

The Supreme Court has set aside a Madras High Court judgment and a final adjudication order under the Foreign Exchange Management Act, holding that the Adjudicating Authority acted improperly by effectively overriding an order refusing to confirm seizure while that order was under appeal. A Bench of Justices Vikram Nath and Sandeep Mehta observed, “In effect, the Adjudicating Authority has undone the order of the Competent Authority even while the appeal against the said order is pending. Such...

Delhi High Court Issues Notice On Plea Challenging 'Present and Voting' Framework Under IBC

The Delhi High Court recently issued notice in a writ petition filed by homebuyers of the Supertech Township project challenging the “present and voting” principle used to determine voting outcomes of homebuyers in the committee of creditors under the Insolvency and Bankruptcy Code.A bench of Chief Justice Devendra Kumar Upadhyaya and Justice Tejas Karia directed the respondents, the Union of India through the Ministry of Corporate Affairs, the Insolvency and Bankruptcy Board of India, interim...

LiveLawBiz Indirect Tax Quarterly Digest: January - March, 2026

SUPREME COURTSupreme Court Refuses To Entertain Ola Parent ANI's Plea Against Delayed Service Tax OrderCase Title : ANI TECHNOLOGIES PRIVATE LIMITED VS THE UNION OF INDIA & ANR. Case Number : SLP(C) NO. 3185/2026 CITATION : 2026 LLBiz SC 33The Supreme Court of India has declined to interfere with a Bombay High Court order directing ANI Technologies Private Limited, the parent company of Ola Cabs, to pursue a statutory appeal against a service tax demand. A Bench of the Chief Justice of...

IBC Amendment 2026 Gets Presidential Assent, Introduces Creditor-Led Insolvency

The Insolvency and Bankruptcy Code (Amendment) Act, 2026 received Presidential assent on Monday, ushering in a creditor-initiated insolvency resolution process, tighter statutory timelines, and a larger role for the Committee of Creditors (CoC) during liquidation.One of the additions is the insertion of Chapter IV-A, introducing a creditor-initiated insolvency resolution process (CIIRP). Under Sections 58A and 58B, specified financial creditors holding at least 51% in value can initiate...

LiveLawBiz IPR Weekly Digest: March 29 - April 4, 2026

HIGH COURTSDelhi High CourtDelhi HC Temporarily Bars Use Of 'YESHA SANT' Trademark, Orders Takedown of Listings Using Kareena Kapoor ImagesCase Title: Yesha Sant Designs Pvt Ltd v. Vidhi Singhal Trading As Varie In & Ors. Case Number: CS(COMM) 299/2026 Citation: 2026 LLBiz HC (DEL) 337The Delhi High Court has granted an ex-parte ad-interim injunction in favour of Yesha Sant Designs Pvt. Ltd., restraining an e-commerce seller from using the registered trademark “YESHA SANT” and directing it...

LiveLawBiz: Corporate Legal News Daily Round-Up: April 06, 2026

IBC Supreme Court Declines To Interfere With Adani Plan For Jaiprakash, Urges NCLAT To Expedite Vedanta AppealsSupreme Court Issues Notice In Homebuyers' Writ Against Ansal Properties' ₹257 Crore DefaultNCLT Bengaluru Gives Ola Electric 4 Weeks For Objections In ₹9.84 Crore Insolvency Case With AnevolveNCLT Allahabad Confirms Flat Possession To Renaissance Realty, Orders ₹1 Crore To JAL Insolvency EstateCIRP Petition By Non-Existent Entity Not Maintainable Post Amalgamation: NCLAT ChennaiIPR...

Supreme Court Issues Notice In Homebuyers' Writ Against Ansal Properties' ₹257 Crore Default

The Supreme Court on Monday, 6 April, issued notice in a writ petition filed by the Genuine Homebuyers Association for Relief (GHAR), in Uttar Pradesh, challenging the insolvency proceedings against Ansal Properties and Infrastructure Ltd in relation to the Sushant Golf City project in Lucknow. A Bench of Justices J.B. Pardiwala and K.V. Viswanathan, after hearing the homebuyer association, directed that the petition be tagged with the main matter involving Ansal Properties. Advocate Prashant...

Supreme Court Dismisses Patanjali Foods' Appeal Against Kerala High Court's “Out of Charge” Order

The Supreme Court on Monday dismissed a special leave petition filed by Patanjali Foods Ltd, refusing to interfere with the Kerala High Court's judgment which held that customs duty is to be determined based on the date of issuance of the “out of charge” order. A Division Bench of Justices J.B. Pardiwala and K.V. Viswanathan found no valid grounds to challenge the High Court's decision.The Kerala High Court had allowed Patanjali Foods' appeal, holding that the relevant date for calculating...