RBI’s latest amendment to Foreign Exchange Management Regulations extends the validity of Diamond Dollar Accounts from two to three years.
SEBI’s 2025 amendment expands UPSI events, but companies can still defend that specific events are not UPSI based on facts, circumstances, and materiality.
Karnataka High Court issues guidelines for Central and State authorities to check and prevent the unauthorized use of national flags, emblems, and symbols.
Patna High Court held that reassessment proceedings initiated on the basis of incorrect information which was not supported by any material is not sustainable in law. Accordingly, order passed thereon is liable to be quashed.
Gospel India Ministries Gutkula Vs CIT (ITAT Nagpur) ITAT Nagpur held that rejection of application in Form 10AB for grant of registration u/s. 12AB of the Income Tax Act on the ground of quoting of wrong provision not justifiable since quoting wrong provision cannot be held to be fatal to militate against well-deserved beneficial provision. […]
ITAT Ahmedabad restored matter of registration under section 80G(5)(iii) of the Income Tax Act to the file of CIT(E) for verification that expenditure on religious activities was within the threshold limit of 5% as specified under section 80G(5) of the Act.
Delhi High Court held that imposition of penalty justified since appellant holding IEC registration ought to have acted responsibly and ensured that the same was not misused by any third party. Thus, penalty imposed on the appellant justified since appellant was aware of IEC being misused.
SEBI’s Second Amendment to LODR Regulations, 2025, enhances disclosure norms for securitized debt, including litigation and servicing defaults.
RBI issues sixth amendment to Foreign Currency Account Regulations, 2015, extending Diamond Dollar Account validity period from two to three years.
Learn about the latest changes in Income Tax Rules, 2025. Key amendments include updates to ITR forms and provisions for capital gains. Effective April 1, 2025.
