Latest Articles
ITR Filing FY 2025-26: Step by Step Guide for Salaried Professionals
Income Tax : Highlights that selecting the incorrect portal tab can lead to data mismatches and filing errors. Emphasizes the need to use the c...
GST SCNs Invalid Without Specific Allegations of Suppression
Goods and Services Tax : Explains that vague show cause notices lacking details of suppression violate legal principles. Highlights that extended limitatio...
GST Refund on Export of Goods – Understanding Adjusted Total Turnover
Goods and Services Tax : Clarifies that export value used in refund calculation must be consistently applied in both numerator and denominator. Highlights ...
Politicians Can’t Be Allowed To Judge Judicial Competence: Delhi HC
Corporate Law : The Court examined whether prior orders and perceived bias justified recusal and held they did not. It ruled that unsubstantiated ...
Consolidated GST Notices Referred to Larger Bench Due to Conflicting Judicial Views
Goods and Services Tax : The Court examined whether show-cause notices covering multiple financial years are valid and noted divergent High Court rulings. ...
Latest News
Mastermind Arrested for ₹1,825 Crore GST Refund Fraud via Fake ITC & Bogus Exports
Goods and Services Tax : Authorities arrested the key accused for orchestrating fake ITC claims and fictitious export transactions. The case highlights str...
India–Korea MoU Signed to Boost Financial Regulatory Cooperation
Finance : The issue highlights a new agreement between financial regulators of both countries. The key takeaway is that the MoU promotes col...
IFSCA Registers First Foreign Family Investment Fund
Finance : IFSCA approved the first foreign family office fund under its 2025 regulations. The move strengthens GIFT IFSC’s position as a g...
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 ...
Latest Judiciary
CESTAT Sets Aside ₹352 Cr Service Tax Demand as Coal Mining Held ‘Manufacture’ Not Service
Service Tax : The Tribunal ruled that coal extraction and processing constitute manufacture, not mining services, making service tax demand unsu...
ITAT Upholds Section 10A Deduction Despite Wrong Section 10B Claim in Return
Income Tax : The Tribunal supported the CIT(A)s decision to allow a new claim under Section 10A, noting that appellate proceedings are a contin...
Income Tax Refund Cannot be Adjusted When Recovery Is Stayed: Orissa HC
Income Tax : The Court held that adjusting a refund against a disputed demand during the subsistence of a stay order is illegal and arbitrary, ...
ITAT Allows Fresh Opportunity for 80P Deduction Claim Due to Non-Submission of Evidence
Income Tax : The Tribunal held that deduction cannot be rejected merely due to absence of supporting evidence without examining merits. It rema...
ITAT Deletes Penalty as Both Limbs of Section 271(1)(c) Invoked Together
Income Tax : The Tribunal held that a penalty notice lacking clarity on whether it relates to concealment or inaccurate particulars is invalid....
Latest Notifications
Missing DIN in Financial Statements Attracts Penalty Under Companies Act: ROC Kanpur
Company Law : Failure to mention DIN in signed financial statements was held to violate Section 158. The authority imposed penalties while limit...
DIN Not Mentioned in Financial Statements Leads to ROC Penalty
Company Law : Failure to disclose DIN in signed financial statements was held to violate Section 158. The ROC imposed penalties while limiting l...
ROC Penalizes Company for DIN Non-Disclosure in Financial Filings
Company Law : Failure to mention DIN in signed financial statements was treated as a violation of Section 158. The ROC imposed penalties while r...
ROC Imposed Penalty for Failure to Mention DIN in Financial Statements
Company Law : Authorities held that omission of Directors’ Identification Numbers in financial statements violates statutory requirements unde...
Company Penalized for Filing Financial Statements Without Director Signatures
Company Law : Authorities held that filing financial statements without directors’ signatures violates mandatory provisions under Section 134....
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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.
