RBI releases draft directions for Transaction Accounts across all bank types, BSBD Accounts, and a circular to repeal the guidelines for large borrower credit supply.
Construction was funded through borrowed money, and assessee sought to utilize the account funds to repay the debt. However, Department denied the request to close the account and release funds citing incomplete construction, use of borrowed funds, non-filing of returns for the relevant assessment years, and non-compliance with Section 54F conditions.
MCA notifies amendment to IEPF Rules, 2016, substituting Form IEPF-5 with effect from 6 October 2025 under the Companies Act, 2013.
This Customs, Excise and Service Tax Appellate Tribunal (CESTAT) notification, effective from November 15, 2025, mandates the online filing of all new and pending appeals and applications. New Memorandums of appeal/application by assessee-taxpayers, as well as Applications/Memorandum of Cross Objection by the Respondent, must be filed online in PDF format signed by the Appellant through […]
The final order passed by the tax authority, however, cancelled assessee’s registration with retrospective effect. Assessee’s main argument was that this action was illegal because the SCN never mentioned or proposed a retrospective cancellation; it only proposed a simple cancellation.
Madras HC rules consolidated GST SCN/order covering multiple financial years is impermissible, violating the statutory limitation framework. Orders quashed; new proceedings allowed.
Delhi HC rules GST searches of advocate offices and seizure of client data require strong prima facie evidence and strict judicial safeguards to protect attorney-client privilege.
Gujarat High Court granted bail in a ₹10 crore GST ITC fraud case after the accused spent eight months in custody, citing investigation completion and no flight risk.
NFRA’s Series 4 focuses on auditor-Audit Committee communication regarding Ind AS 36 (Impairment) and SA 540 (Accounting Estimates). It details the required audit procedures, indicators, and potential questions.
CESTAT issues instructions for e-filing appeals, detailing registration, filing process, documents, fees, and compliance with Procedure
