SEBI updates Block Deal rules, introducing new trading windows, price range limits, and conditions for execution under T+0 and T+1 settlement cycles.
CBIC Circular 25/2025-Customs extends the SCMTR transitional period until December 31, 2025, finalizing the nationwide roll-out of digital cargo manifest messages.
GSTN clarifies that the Invoice Management System (IMS) implementation does not change GSTR-2B auto-population or its timing. Credit Note handling offers new flexibility for recipients.
Delhi High Court held that bail application in case of money laundering and fake investment scheme allowed on account of delayed trial and there being no possibility of the trial concluding in the near future.
ROC Mumbai levied a ₹25,000 penalty for failure to attach proof of identity and address of a newly appointed director in Form DIR-12, violating Section 152(5) read with Rule 8. The lapse was treated as an inadvertent but punishable compliance error.
NCLAT Delhi held that the core issue of any insolvency proceeding is debt and default. Accordingly, when debt and default is undisputedly established, the Adjudicating Authority did not commit any error in accepting the Section 7 application for initiation of CIRP.
Registrar of Companies, Mumbai, penalized a private company and its two directors ₹5,000 each for inaccurately stating the number of board meetings in the FY 2020–21 annual return, violating Section 92(1)(f) read with Section 450 of the Companies Act, 2013.
Madras High Court held that Appellate Assistant Commissioner is not justified in remanding the matter since authority has recorded a clear finding that explanations offered by assessee were very satisfactory. Accordingly, order remanding the matter quashed and appeal is allowed.
The Government of India has approved an increase in Dearness Relief (DR) for Central Pensioners/Family Pensioners from 55% to 58% of basic pension, effective July 1, 2025. This rate applies to various categories, including Civilian, Armed Forces, All India Service, and Railway Pensioners.
Ahmedabad ITAT deletes ₹34 lakh disallowance on commission and job-work. TDS compliance proven via Form 26AS, and commission nexus established by increased sales.
