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Essential Supreme Court Insights – 3nd Week of August 2025

  • DHFL Bank Fraud Case: The Supreme Court cancelled bail previously granted to Wadhawan on medical grounds, citing a fresh medical board report that found no need for hospitalization.
  • Faceless Assessment Scheme Conflict: The Court will decide whether a Jurisdictional Assessing Officer (JAO) can issue reassessment notices post-introduction of the Faceless Assessment Scheme, addressing conflicting High Court rulings.
  • Benami Transactions Act Retroactivity: The Court will hear a case on whether amended Section 5 of the Prohibition of Benami Property Transactions Act (2016) can apply to transactions made before the amendment.

Source Taxscan



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