
Difference Between Negligence and Gross Negligence
Analysis of negligence and gross negligence under Indian and English contract law, judicial interpretations, UCTA provisions and key distinctions.

GST Search, Summons, Arrest and Attachment: Limits on Department Powers

EPFO Wage Ceiling Hike to Rs. 25,000: Impact on Employees & Employers

Private Placement, Rights Issue & Preferential Allotment Procedure Under Companies Act

Auditor Exemption From General Meeting Under Section 146 of Companies Act

Taxman in Your Inbox: Privacy and Search Powers under Income-tax Act, 2025

Section 54 Allows Habitable-House Costs and Multiple Houses: ITAT Mumbai

6% Interest Payable on Delayed Vivad Se Vishwas Refund: Bombay HC

Section 69A Demonetisation Cash Addition Restored for Verification: ITAT Mumbai

CBIC Clarifies Adjudication of Section 28AAA Customs SCNs Involving DGFT Scrips

CESTAT Allows Customs Exemption for MEG Reclamation Plant Under Notification 50/2017-Cus

Chhattisgarh HC Quashes MOOWR Licence Rejection, Orders Fresh Decision

Bombay HC Quashes Customs Order Over Unanswered VJTI Expert Opinion

Company Revival Allowed Despite Minority Shareholders’ Objections: Bombay HC

Takeover Offer Under Section 230 Scheme: Rules, Valuation & Minority Shareholders

Compliance Checklist – Private Placement of Shares under Companies Act 2013

NCLT Sanctions Thegot Hospitality-Muhavra Enterprises Amalgamation Scheme

Jalandhar CAs Seek Tax Audit Due Date Extension to 31 October 2026

Service Concession Arrangements under Ind AS 115: Accounting for BOT Bus Stops

ICAI Guidance Note on Financial Statements of Non-Corporate Entities: Phase II from April 1, 2026

Analysis of Notifications and Circulars for Week Ending 6th September 2026
0.25% Commission Rate Reasonable on Unexplained Bank Deposits: ITAT Ahmedabad
ITAT Ahmedabad restricts commission income to 0.25% of ₹158 crore bank deposits where assessee failed to furnish supporting details.
Management Fee TP Adjustment Cannot Be Made Without Justifying CUP Over TNMM: ITAT Mumbai
ITAT Mumbai deleted Rs.119.53 crore management fee TP adjustment, holding TPO could not reject TNMM or value bundled intra-group services at nil.
Rule 8D 1% Amendment Not Retrospective; Section 10(38) Loss Carry Forward Denied: ITAT Pune
ITAT Pune rejects retrospective 1% Rule 8D rate, deletes interest disallowance but denies carry forward of Section 10(38) share loss.





















