PFRDA mandates Aadhaar-based authentication for NPS transactions in government offices, enhancing security with two-factor login from April 1, 2024.
SEBI mandates AMCs to allocate 2 basis points for investor education, including financial inclusion, under the Mutual Fund Regulations, 1996.
Emperium Constructions Pvt Ltd fined Rs. 50,000 for delayed INC-20A filing. Directors penalized Rs. 19,000 each under Section 10A of Companies Act, 2013.
Purna Purshottam Exports Vs PCIT (Central) (ITAT Mumbai) Summary: The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled in favor of Purna Purshottam Exports, stating that the Principal Commissioner of Income Tax (PCIT) cannot invoke Section 263 of the Income Tax Act, 1961, if the Assessing Officer (AO) has already conducted a thorough […]
Income Tax Bill 2025 introduces changes to TDS, TCS, and LRS provisions, raising threshold limits and reducing compliance burdens. Effective from April 1, 2025.
CIT International Tax- 1 Vs Expeditors International of Washington INC (Delhi High Court); ITA 202/2022; Dated: 13/02/2025 In a significant ruling delivered on February 13, 2025, the Delhi High Court dismissed a series of appeals by the Commissioner of Income Tax (International Tax) against Expeditors International of Washington Inc., clarifying the scope of “Fees for […]
Delhi HC rules that harbouring terrorists under UAPA endangers national security, legitimizes terrorism, and carries penalties up to life imprisonment.
ITAT Chennai allows reassessment of ₹54.70 lakh cash deposits during demonetization, granting the assessee another opportunity subject to a ₹5,000 cost payment.
ITAT Kolkata dismisses Nikhil Commosales Pvt. Ltd.’s appeal, permitting revival if the assessee’s application under the Vivad Se Vishwas Scheme 2024 is unsuccessful.
ICSI requests the inclusion of Company Secretaries in the definition of “Accountant” under the Income Tax Bill 2025 for broader tax compliance and governance roles.
