NPCI-based bank account validation for IEC applications and modifications enables real-time validation; incorrect details block submission or trigger ...
Creation/Invocation of pledge of securities through depository system: standardized pledge forms, notice requirement and invocation notifications to p...
Calendar Spread margin benefit for Single Stock Derivatives suspended on expiry day for expiring contracts; exchanges must implement systems and rule ...
Proportionate interest, unexplained credits and partner remuneration disputed; proofs of fund nexus and lender identity were decisive and disallowance...
Capital gains valuation from stamp assessment versus net consideration for residential reinvestment: deemed stamp value replaced for gains but not for...
The article addresses challenges to a CBIC circular mandating e-auction of uncleared goods through a public sector undertaking and the interplay with fundamental rights and administrative law. It applies the principle that freedom to carry on trade is subject to reasonable restrictions; finding such circulars may be constitutionally valid if they serve economic and public interest, and that loss of private opportunity does not equate to public-interest injury. It treats administrative circulars as not required to contain detailed reasons but permits issuance reasons to be placed in counter-affidavits for court scrutiny to dispel arbitrariness, and upholds canalisation of functions to a PSU as permissible.
The article addresses challenges to a CBIC circular mandating e-auction of uncleared goods through a public sector undertaking and the interplay with fundamental rights and administrative law. It applies the principle that freedom to carry on trade is subject to reasonable restrictions; finding such circulars may be constitutionally valid if they serve economic and public interest, and that loss of private opportunity does not equate to public-interest injury. It treats administrative circulars as not required to contain detailed reasons but permits issuance reasons to be placed in counter-affidavits for court scrutiny to dispel arbitrariness, and upholds canalisation of functions to a PSU as permissible.
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