Latest Articles
Lucknow Bench of Allahabad HC Orders Bar Elections Rescheduled to Implement 30% Women’s Reservation
Corporate Law : The High Court ordered rescheduling of bar elections after authorities failed to implement the Supreme Court’s 30% reservation f...
Old vs New Income Tax Regime: 7 Costly Mistakes to Avoid in FY 2026-27
Income Tax : Key mistakes taxpayers should avoid when choosing between old and new tax regimes for FY 2026-27, including deductions, deadlines,...
Women’s Reservation Bill: Complete Q&A with Examples
Corporate Law : Overview of the Constitution (106th Amendment) Act, 2023 covering women’s reservation in Parliament and Assemblies, its scope, t...
Choose Your Subcontractor Wisely: A Costly ITAT Lesson
Income Tax : ITAT Kolkata remands case on disallowance of subcontractor expenses, stressing need for evidence, due diligence, and verification ...
The Power of Love and Understanding for a World of Tranquility
CA, CS, CMA : Article discusses role of love, empathy, and communication in human relationships, highlighting understanding, compassion, and min...
Latest News
DGFT Reforms to Speed Up Advance Authorisation
DGFT : Commerce Ministry reforms DGFT Norms Committees to improve disposal of Advance Authorisation applications and strengthen export fa...
ICSI Seeks Refiling Option for Annual Forms Under CCFS 2026
Company Law : ICSI highlights delays in marking defective forms by RoCs under CCFS 2026. It urges MCA to mandate time-bound processing or allow ...
ICSI Seeks Clarity on ADT-1 Filing for First Auditor & Casual Vacancy Appointments
Company Law : The representation points out that e-form design is imposing requirements beyond the law. It seeks alignment of system validations...
ICSI Request MCA to permit filing of Forms during liquidation process
Company Law : The issue is ambiguity in filing authority during liquidation. ICSI has requested clarity to enable liquidators to maintain statut...
Delhi CGST Busts ₹8 Cr Fake ITC; Company Director Arrested
Goods and Services Tax : Authorities uncovered fraudulent ITC claims exceeding ₹8 crore without actual supply of goods. The ruling highlights that ITC is...
Latest Judiciary
GST Deposit During Search was Involuntary Due to Coercive Circumstances: Delhi HC
Goods and Services Tax : The respondents could not justify why the taxpayer would deposit money without a formal demand. The Court treated the payment as n...
Cheque Bounce Case Not Quashed Due to Prima Facie Evidence of Dishonour
Corporate Law : The Court held that repeated dishonour of cheque and non-payment after notice established a prima facie case. It refused to quash ...
Reverse Burden Applies: Tribunal Upholds Bank Freeze Where Source of Funds Not Proved under PMLA
Fema / RBI : The Tribunal held that once allegations of money laundering are established, the burden shifts to the accused. Failure to prove le...
GST Notices for Multiple Years Allowed? Bombay HC Refers Issue to Larger Bench
Income Tax : The court examined whether consolidated GST show-cause notices across financial years are valid. It found no clear statutory bar b...
Service Matters to CAT First: HC Declines Writ on Pension & Arrears Claim of retired income tax official
Income Tax : Karnataka High Court declines writ on pension, arrears and leave claims of retired tax official, holds service matters must first ...
Latest Notifications
Penalty Imposed for Incorrect Annual Return Filing Despite Rectification Request
Company Law : Authorities held that filing incorrect statutory forms attracts penalty even if later correction is sought. The ruling reinforces ...
Penalty Imposed for Incorrect AOC-4 Filing Due to Wrong AGM Date
Company Law : The ROC penalized the company for filing incorrect AGM details in AOC-4 despite claiming it was inadvertent. The ruling confirms t...
Penalty Imposed for Incorrect AGM Date in MGT-7A and AOC-4 Filings
Company Law : The ROC penalized the company for reporting the wrong AGM date in two statutory filings. The ruling confirms that even inadvertent...
SEBI (Alternative Investment Funds) (Amendment) Regulations, 2026
SEBI : SEBI reduced the threshold under Regulation 10(c) from ₹2 lakh to ₹1,000, easing compliance requirements. The move simplifies ...
SEBI Lowers Credit Risk Threshold for REIT Investments to Expand Eligibility
SEBI : SEBI reduced the minimum credit risk value from 12 to 10 under REIT regulations. This change broadens investment eligibility and m...
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FAQs
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.
The scheme allows companies to clear pending filings at reduced cost. It provides a major compliance relief with only 10% additional fees payable.
IGST refunds are not available when exports are made under LUT/Bond without tax payment. The clarification highlights eligibility conditions and prevents incorrect refund claims.
The issue covers taxation and computation of house property income under the new law. The key takeaway is clarity on annual value, deductions, and exemptions.
