SEBI’s revised circular, effective September 1, 2025, standardizes minimum disclosures for Related Party Transactions (RPTs) requiring Audit Committee and shareholder approval, enhancing transparency for listed entities.
A Mumbai Tribunal ruled that CSR donations, while not business expenses, are deductible under Section 80G if made to eligible institutions, reaffirming CBDT guidance.
ITAT Mumbai dismisses Revenue’s appeal against Thirumalai Marketing & Investments Ltd., upholding the assessee’s proof of the lender’s identity and creditworthiness for a Rs. 5 crore loan.
Bangalore ITAT remands Om Prakash Girgaonkar’s appeal to AO, citing potential double addition on property purchase and unverified cash deposits.
