Latest Articles
Terror Financing Through Organized Crime Networks: A Critical Analysis
Corporate Law : The analysis highlights how terrorist groups rely on organized crime for funding and logistics. The key takeaway is that this nexu...
Fractional Ownership Platforms (FOPs) and GST Products, Services, or Neither? A Critical Examination
Goods and Services Tax : The framework clarifies GST on rental income and management fees but leaves gaps in other areas. The key takeaway is ongoing uncer...
Summary of Proposed Companies (Incorporation) Amendment Rules, 2026
Company Law : The amendment merges 11 forms into two streamlined frameworks to reduce compliance burden. The key takeaway is faster, simpler com...
Section 16(2)(c) of CGST Act: Supplier default dilemma
Goods and Services Tax : Courts ruled that denying ITC due to supplier non-payment is unjust when buyers act in good faith. The key takeaway is that bona f...
How Organized Crime Undermines Economic and Internal Security
Corporate Law : Organized crime disrupts fair competition by introducing illegal goods and laundering illicit funds. The analysis highlights its d...
Latest News
CA Profession Not Low-Paying, Says ICAI While Rejecting Misreported Salary Data
CA, CS, CMA : The issue involved a media report alleging low returns and poor salaries for Chartered Accountants. The Institute clarified that t...
Salient Features of Income Tax Act 2025
Income Tax : The issue was complexity in the existing tax law. It was clarified that the new Act simplifies structure by reducing sections and ...
DPIIT Issues Operational Guidelines for ₹10,000 Crore Startup India Fund
Corporate Law : The issue concerned operationalising a ₹10,000 crore startup fund. It was established that routing investments through AIFs ensu...
Empanelment of CA Firms as Concurrent Auditors with SBI, Hyderabad
CA, CS, CMA : This explains the structured process for appointing audit firms, highlighting strict eligibility conditions and evaluation methods...
IFSCA Approves Capital Raising Frameworks to Enable Efficient Fund Mobilisation in IFSC
Finance : The Authority introduced frameworks for preferential issues, QIPs, and rights issues to streamline capital raising. The move aims ...
Latest Judiciary
GST Appeal Rejected Due to Delay Beyond Statutory Limit: Allahabad HC
Goods and Services Tax : The Court held that appeals filed beyond the maximum four-month period under GST law cannot be condoned. It ruled that limitation ...
Bombay HC Quashes 10-Year Delayed Cess Assessment as Unreasonable & Time-Barred
Corporate Law : The Court held that assessment proceedings delayed by over ten years are unreasonable and invalid. The key takeaway is that author...
Search on Third Party Cannot Extend Reassessment Time Without Assessee Link: SC
Income Tax : The Supreme Court held that reassessment notices issued after the six-year limit are barred. It affirmed that expired cases cannot...
Captive Power Valuation Must Include Electricity Duty for 80-IA Deduction: Calcutta HC
Income Tax : The issue concerned overlap of deductions under Sections 80-IA and 80HHC. The Court held that 80HHC profits cannot be reduced by 8...
Cash Deposits from Tractor Sales Can’t Be Taxed as Unexplained Income: ITAT Ahmedabad
Income Tax : The tribunal held that cash deposits backed by sales records cannot be treated as unexplained income. It upheld deletion of additi...
Latest Notifications
Duplicate DIN Attracts ₹50,000 Penalty Despite Unintentional Error
Company Law : A director was penalized for holding two DINs in violation of statutory provisions. The key takeaway is that even inadvertent non-...
Delay in Board Meetings Beyond 120 Days Attracts Penalty Despite Disclosure
Company Law : The company failed to conduct the required number of board meetings and exceeded statutory time gaps. The key takeaway is that str...
Incorrect AOC-4 Filing Leads to Penalty Despite Rectification Request
Company Law : Filing incorrect details in statutory forms attracts penalties even if later corrected. The key takeaway is that rectification doe...
FSSAI Proposes Plastic-Free Packaging Norms for Pan Masala
Corporate Law : The notification proposes a strict ban on plastic packaging for pan masala. It mandates eco-friendly alternatives and reinforces e...
RBI (Commercial Banks Concentration Risk Management) Second Amendment Directions, 2026
Fema / RBI : The issue was inconsistent methods for evaluating sovereign risk exposure. RBI mandated use of ECGC country risk classifications f...
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FAQs
Understand the mandatory GST compliances when closing a business, including return filing and tax on stock. The guidance clarifies liability calculation and procedural requirements.
The scheme provides a last opportunity for defaulting companies to file pending returns and financial statements with reduced penalties. It emphasizes that failure to comply within the window may lead to strict regulatory action, including strike-off.
This explains why operating a payment system without RBI approval is prohibited under law. The framework ensures only compliant and vetted entities can handle financial transactions, safeguarding systemic integrity.
Overview of the Constitution (106th Amendment) Act, 2023 covering women’s reservation in Parliament and Assemblies, its scope, timeline, and conditions.
The issue concerns alternative settlement mechanisms for international trade. The framework allows INR-based transactions with flexible usage and repatriation of funds.
