S. 250 : Appeal – Commissioner (Appeals) – Procedure – Time bound -Pending for ten years – Directions issued for disposal of appeal within six months from the date of order of the court. [S. 246A, 250(6A) , Art. 226 ]

Vivad se Vishwas I Relief for MSMEs Scheme, 2023.
(Micro, Small and Medium Enterprise Development Act, 2006.)

Reclassification of assessee as not micro or small or medium enterprise-Vivad se Vishwas I Scheme-Micro or small or medium enterprise-Eligibility for non-tax benefits-Entitled to avail of all non-tax benefits of category before reclassification for three years from date of reclassification. [Micro, Small and Medium Enterprise Development Act, 2006, S.9, 7, 8, Art.226]

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

S. 34 : SARFAESI Act-Jurisdiction-DRT-Civil Court-Only DRT which would have exclusive jurisdiction to try such matters, to total exclusion of Civil Court. [S. 13, 17]

Prohibition of Benami Property Transactions Act, 1988
S.2(9) : Benami transaction-Availability of alternative remedy-Writ-Statutory appeal-Supreme Court-Observations of Division Bench on merits not to be treated as findings on merits. [S. 26(3), 46, Art. 136, Art. 226]

Prevention of Money Laundering Act, 2002.
S. 5 : Prevention of Money Laundering Act, 2002-Attachment of property-Rights of secured creditor-Pending decision on validity of provisional attachment, interim arrangement was necessary to avoid wastage or encroachment. Sale proceeds were safeguarded with Court. [S.8]

Insolvency and Bankruptcy Code, 2016
S. 14 : Corporate Insolvency Resolution Process-Moratorium-Jurisdiction of NCLT-NCLT cannot exercise jurisdiction over every issue concerning corporate debtor simply because corporate debtor is in insolvency, it is only those issues which arise solely out of insolvency of corporate debtor that can be adjudicated upon by NCLT under section 60(5)(c) [S. 60(5), Code of Civil Procedure, 1908, S.60]

S. 276B : Offences and prosecutions-Failure to pay to the credit tax deducted at source-Delay was due to crisis in company-No mala fide intention of evasion on part-Prosecution after a lapse of more than three years quashed. [S.133A]

S. 276B : Offences and prosecutions-Failure to pay to the credit tax deducted at source-Delay was due to crisis in company-No mala fide intention-Prosecution after a lapse of more than three years High Court quashing-Delay of 239 days-SLP dismissed on Supreme Court Special leave petition dismissed on ground of delay. [Art. 136]

S.271D: Penalty-Takes or accepts any loan or deposit-Share application money-Not a loan or deposit-Penalty under section 271D/271E deleted..[S. 269SS, 269T, 271E]

S. 271C : Penalty-Failure to deduct TDS-Reasonable cause-Reliance on professional/legal opinions-Penalty deleted.[S. 201(1), 201(1A), 260A, 273B]