Latest Articles
GST Judicial Trends in April 2026: Key Court Rulings
Goods and Services Tax : April 2026 GST rulings addressed SCNs, limitation, refunds, registration cancellation, recovery, and natural justice in tax procee...
Section 194T: TDS Rules for Partnership Firms and LLP Partners
Income Tax : The Finance Act, 2024 has inserted a new section, 194T, for TDS deduction by partnership firms/Limited Liability Partnerships (LLP...
What Employers Must Know About New Wage Rules Effective 21st Nov 2025
Corporate Law : India’s new Labour Codes introduce a uniform wage definition and 50% cap on exclusions, affecting PF, gratuity, bonus, and salar...
Section 58C and Limits of Adjudicating Authority’s Discretion in CIIRP: Speedy Resolution Not Yet on Horizon
Corporate Law : Article examines Section 58C under CIIRP, highlighting procedural disputes, conversion risks, and regulatory gaps that may affect ...
Insolvency Is Not Execution: Preserving the True Spirit of the IBC
Corporate Law : Article examines how IBC is meant for insolvency resolution, not debt recovery, and why using it as a recovery tool may weaken its...
Latest News
NFRA issues Audit Quality Inspection Guidelines
Company Law : NFRA introduced guidelines to evaluate audit firms’ compliance and quality control systems. The framework emphasizes governance,...
ICSI Invites Feedback on CS Syllabus Revision
Company Law : ICSI has proposed revising the CS syllabus to align with the National Education Policy and global practices. Stakeholder input wil...
Delhi GST Detects ₹60.59 Cr Fake ITC Fraud; One Arrested
Goods and Services Tax : Authorities uncovered fraudulent ITC claims based on fake invoices without actual supply of goods or services. The accused was arr...
Empanelment of Concurrent Auditors With Canara Bank
CA, CS, CMA : Canara Bank has invited online applications from Proprietary Concerns, Firms and LLPs for empanelment as concurrent auditors for 7...
ICAI Convocation May – 2026 Dates and Locations
CA, CS, CMA : ICAI has released the May 2026 convocation schedule for members enrolled between Dec 2025 and Apr 2026. Eligible candidates will r...
Latest Judiciary
Rajasthan High Court Upholds Promissory Estoppel in Renewable Energy Dispute
Corporate Law : The Court held that withdrawal of promised electricity duty exemption after investment violates promissory estoppel. Key takeaway:...
Rajasthan HC Condones GST Appeal Delay Citing Genuine Hardship
Goods and Services Tax : The High Court allowed delay in filing GST appeal due to repeated family bereavements beyond the taxpayer’s control. Key takeawa...
Bombay HC Quashes Section 270A Penalty Due to Absence of Under-Reported Income
Income Tax : Court held that penalty under Section 270A cannot apply where assessed income does not exceed processed income. Key takeaway: stat...
No Section 69A Cash Deposit Addition Without Proper Inquiry & Evidence: ITAT Mumbai
Income Tax : The Tribunal held that the assessee had adequately explained the source of cash deposits with supporting evidence. Addition under ...
Penny Stock Allegation Rejected Due to Lack of Evidence Against Share Transactions
Income Tax : The tribunal ruled that reliance only on an investigation report without independent evidence cannot justify treating LTCG as bogu...
Latest Notifications
IBBI Cancels Insurance Regulator Surveyor Licence for Outsourcing Core Duties
Corporate Law : The Authority found that core survey functions were carried out by unlicensed personnel. It held that such outsourcing violated re...
IBBI Cancelled License Due to False Survey Records & Regulatory Violations
Corporate Law : The regulator cancelled a surveyor’s licence after finding false records, mismatched filings, and inaccurate disclosures. The ru...
IBBI Cancelled Surveyor Licence for Using Fake Qualification Certificate
Corporate Law : The case involved submission of a forged diploma for obtaining and renewing a licence. The Authority held that continued reliance ...
Revised Custom Tariff Values for Gold, Silver & Edible Oils wef 1st May, 2026
Custom Duty : CBIC updated tariff values for key commodities including oils, gold, and silver. The revision ensures accurate customs valuation a...
DGFT Sets New Rules for Wheat Export Allocation and Application Process
DGFT : The government has introduced clear procedures for applying and allocating wheat export quotas. Strict eligibility, timelines, and...
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FAQs
RBI clarified that the Digital Rupee is legal tender with features similar to physical cash. It enables secure, instant, and fee-free transactions through digital wallets.
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.
