SEBI introduces standardized reporting rules for Research Analysts and Proxy Advisers. New framework ensures transparency, starting with reports due by April 30, 2025.
RBI requires Key Fact Statement (KFS) for retail and MSME loans post-October 2024. KFS includes charges, APR, amortization schedules, and borrower consent details.
Patna HC upholds GST registration cancellation due to appeal filing delays and missed Amnesty Scheme. Case highlights consequences of non-compliance under GST law.
Karnataka HC exempts advocates from service tax, remanding case for fresh consideration after finding procedural flaws in the demand order issued.
CESTAT Chennai rules that declared import values cannot be rejected solely based on NIDB data without valid reasons or supporting evidence.
Bombay High Court quashes MVAT appeal dismissal and directs decision based on merits, citing statutory mandate under Section 26 of the Maharashtra VAT Act.
Karnataka HC directs the Income Tax Department to refund Rs.154 crore with interest to IBM India, as per the Supreme Court’s directive.
NCLAT rules limitation period for IBC appeal starts from date of order pronouncement, not upload, dismissing appeal due to delay beyond permissible period.
ITAT Surat remands Mahesh Desai’s appeal to AO, allowing him to substantiate cash deposits after prior ex parte decisions, upholding fair hearing principles.
ITAT Hyderabad sets aside CIT(A) order, clarifying that Section 249(4) cannot apply when no advance tax liability exists. Appeal to be reviewed on merits.
