The Supreme Court ruled that mere recovery of tainted money isn’t enough for conviction under the Prevention of Corruption Act; proof of bribe demand is crucial.
Bombay High Court held that reopening of the assessment would be permissible without there being any new or additional material available to the Assessing Office. Accordingly, reassessment notice is set aside and writ petition is allowed.
SC held that pre deposit payment for filing appeal U/S 107 can be made by Electronic Credit Ledger , it is not mandatory to make payment through Electronic Cash Ledger.
CBDT has introduced a few modifications with the new ITR forms for AY 2025‑26 which are summarised in a presentation form which are summarised in presentation form which may be helpful along with the changes in tax law provisions and TDS.
This initiative aims to standardize financial reporting, enhance transparency, and align non-corporate entities with global accounting practices. New format became applicable for financial statements prepared for FY 2024-25.
SEBI mandates equity derivatives to expire on Tuesday or Thursday. Exchanges must comply with new rules and submit proposals by June 15, 2025.
IBBI amends CIRP regulations to include provisions on interim finance observers, staged payments, and expressions of interest for asset or full entity sales.
