Latest Articles
Trade Facilitation Measures within India’s Regulatory and Financial Framework
Corporate Law : Customs exemptions, MSME financing tools, and infrastructure reforms operate within statutory frameworks like the Customs Act, FEM...
Tobacco Tax Overhaul 2026: GST Raised to 40% and RSP-Based Valuation Introduced
Goods and Services Tax : From 1 February 2026, most tobacco products attract 40% GST with excise-based levies replacing compensation cess. GST will now be ...
Open Garbage Bin & A Public Urinal In A Residential Area Violates Residents’ Right To Life: Delhi HC
Corporate Law : The Court held that unhygienic public facilities near a residence infringe the right to life and dignity under Article 21. MCD was...
Pre-Consultation Mandatory in Extended Limitation Cases for High-Value Excise/Service Tax Demands: Madras HC
Goods and Services Tax : The Court held that CBIC Master Circulars require mandatory pre-consultation before issuing high-value excise/service tax demands,...
Section 73, 74 & 74A: New Unified GST Demand Regime from FY 2024–25
Goods and Services Tax : Section 74A introduces a single GST demand provision for fraud and non-fraud cases from FY 2024-25 onwards. Authorities can no lon...
Latest News
ICSI Signs MoU to Open Gold Industry Accreditation Roles for PCS Firms
Corporate Law : The new MoU enables practicing company secretary firms to act as authorized external assessment agencies for gold industry accredi...
Revised Draft RBI (Small Finance Banks – Responsible Business Conduct) Second Amendment Directions, 2026
Fema / RBI : The draft amendments mandate structured recovery policies and strict conduct standards for SFBs. Harsh practices and improper reco...
CAS-25 Cost Accounting Standard on Valuation of Inventory
CA, CS, CMA : CAS-25 standardizes principles for inventory valuation, including cost components and NRV rules. It applies from 12 February 2026 ...
Aadhaar App Crosses 14 Million Downloads, 1 Million Mobile Updates
Corporate Law : The Aadhaar App has seen nearly 14 million downloads, with 1 million users updating their mobile numbers digitally. The app highli...
Revised Draft RBI (Housing Finance Companies) Second Amendment Directions, 2026
Fema / RBI : Draft amendment requires HFCs to follow responsible business conduct norms applicable to NBFCs for loan recovery and recovery agen...
Latest Judiciary
Violation of principles of natural justice and erroneous order cannot be reason to bypass alternative remedy
Corporate Law : Calcutta High Court held that violation of principles of natural justice and erroneous order cannot be reason for bypassing the st...
Delhi HC Dismisses Reopening Based Solely on Audit Objection
Income Tax : elying on Supreme Court precedent, the Court upheld ITAT’s finding that reopening based on reappraisal of existing records is in...
GST Assessment Quashed as SCN Not Properly Served on Portal: Calcutta HC
Goods and Services Tax : The High Court set aside an ex parte GST order after finding lack of proper service and denial of hearing. It held that mandatory ...
Multiple GST SCNs Valid If Based on Distinct Discrepancies: Madras HC
Goods and Services Tax : The Court held that Section 73 does not prohibit issuance of multiple show cause notices for the same tax period when they address...
ITAT Bangalore Deletes Penalty U/s 270A After HC Condoned Delay and Restored Sec. 80IA Deduction
Income Tax : The ITAT Bangalore held that penalty under Section 270A for alleged underreporting and misreporting of income could not survive on...
Latest Notifications
FSSAI Notifies 85 New Food Safety Officers for Fortified Rice Enforcement
Corporate Law : The authority amended its July 2025 notification to appoint additional officers for Fortified Rice Kernel regulation. The move str...
IBBI Suspends Insolvency Professional for Six Months for Accepting CIRP Without Valid AFA
Corporate Law : The Disciplinary Committee held that the IRP accepted assignment and issued a public announcement without holding a valid Authoris...
Update on Advisory on Interest Collection and Related Enhancements in GSTR-3B
Goods and Services Tax : GST Portal revises interest computation in GSTR-3B, factoring minimum cash ledger balance and auto-populating non-editable interes...
Penalty Imposed for Delay in Appointing Independent Directors
Company Law : The Registrar penalized the officer in default for failing to appoint the required number of independent directors within the pres...
ROC Imposes Penalty as Disqualified Directors Signed Financial Statements
Company Law : The order held that signing financial statements during disqualification violated Section 134(1). The key takeaway is that such no...
Latest Downloads
FAQs
The Enforcement Directorate levied penalties after finding misrepresentation in FDI receipts and improper reporting of foreign inward remittances. The adjudicating authority held that the contraventions were substantial and systemic under FEMA, 1999.
The Authority clarifies application process, operating models, service limits, and compliance obligations under the new GIC Regulations. The 2025 framework replaces the earlier 2020 regime.
RBI advises public to check NBFC registration & authorization before depositing. Verify on RBI website & be cautious of high returns.
Indias Digital Rupee is a legal-tender digital form of cash issued by the central bank. The key takeaway is that it combines cash-like features with instant digital settlement and zero usage fees.
The FAQs explain revised Baggage Rules, 2026, enhancing duty-free limits, simplifying transfer of residence, and clarifying passenger categories to reduce disputes and speed up airport clearance.
