IBBI has suspended Insolvency Professional Arvind Kumar for two years due to non-cooperation with investigations and alleged contraventions in CIRP
Learn how to conduct effective Board meetings via video conferencing. This guide covers practical steps from scheduling and agenda finalization to minute preparation and compliance.
Stay informed on key regulatory changes from June 2-8, 2025. This summary covers income tax data sharing, GST return amendments, new anti-dumping duties, SEBI investor charters, and RBI policy rate adjustments.
Court rules income from white button mushroom cultivation under controlled conditions qualifies as agricultural income, exempt from tax, emphasizing ‘soil’ as ‘land’ and purpose over strict classification.
The Gujarat High Court invalidated a tax reopening notice against Hemanshu Ramniklal Shah, ruling it was based on a “change of opinion” rather than new material, after the original assessment was already scrutinized.
Karnataka High Court rules Ace Designers’ write-off of foreign subsidiary investment is a business loss, not capital loss, citing commercial expediency.
ITAT Delhi overturns Rs. 74 lakh penalty on Singh Consultancy. Notice ambiguity in Section 271(1)(c) proceedings deemed fatal, reinforcing clarity in tax charges.
DGFT sets SION A-3686 for Sodium Citrate export under FTP 2023, allowing import of 0.740 kg Citric Acid Monohydrate per 1 kg of exported product.
The Supreme Court of India dismissed petitions from major telecom companies seeking relief on AGR dues, including interest and penalties, following previous adverse rulings.
SC affirms Karnataka HC ruling on GST Rule 86A, reinforcing need for pre-decisional hearings and independent evidence before blocking Electronic Credit Ledgers.
