Delhi High Court held that Form ITNS-150 sets out quantum of tax determination to be paid by assessee in an order u/s. 143(3) of the Income Tax Act, thus any amendment thereof is to be made within time limit prescribed under section 154(7) of the Income Tax Act.
Bombay High Court held that reopening of assessment by AO by merely acting under dictation or on borrowed satisfaction without independent application of mind to materials on record is not justifiable in law. Hence, appeal of revenue liable to be dismissed.
NCLT Bengaluru held that insufficiently stamped/ unstamped agreements do not present a bar to a Section 7 application under Insolvency and Bankruptcy Code, 2016. Thus, since default in payment of financial debt established, application u/s. 7 admitted.
RBI revises rules for minor bank accounts (savings & term deposits). Independent operation for those above 10, guardian options, and KYC norms.
SEBI mandates PAN-level trading freeze for immediate relatives of designated persons during trading window closure for listed firms. Phased implementation starts July 1, 2025.
DGFT adds ‘Mode of Export of Services’ field to eBRC from May 1, 2025, aligning service export data with WTO GATS classifications.
CBIC updates customs rules, replacing “Certificate of Origin” with broader “Proof of Origin” to include self-certification. Verification requests to DIC. Immediate effect.
This research paper provides a comprehensive beginner’s legal guide to understanding how stock exchanges in India operate, with a focus on BSE and NSE.
Explore how the Companies Act 2013 regulates securities issuance, balancing transparency, investor protection, and corporate needs for efficient capital raising.
