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Archive: 13 October 2025

Posts in 13 October 2025

Reopening of Exam Enrolment Window for CS December, 2025 Exam Session

October 13, 2025 3483 Views 0 comment Print

ICSI has reopened the online enrollment window for the December 2025 CS Exams (with late fee) from October 23-25. Deadlines for Pre-Exam Test and TDOP also updated.

Non-payment of balance sale consideration results into forfeiture of earnest money deposit

October 13, 2025 360 Views 0 comment Print

DRAT Chennai held that rule 9(5) of Security Interest (Enforcement) Rules, 2002 empowers forfeiture of earnest money deposit when balance sale consideration is not paid within stipulated time. Accordingly, order confirmed and appeal is dismissed.

Penalty Imposed for Non-Compliance with Secretarial Standards in Board Meetings

October 13, 2025 1086 Views 0 comment Print

ROC Kanpur levied a ₹55,000 penalty on SEN HON LEE TECHNOLOGIES and 6 directors for continuous failure to comply with Secretarial Standard-1 rules on minute and attendance books.

Enhancement by CIT(A) without giving notice u/s. 251 is vitiated in law

October 13, 2025 663 Views 0 comment Print

ITAT Delhi held that enhancement made by CIT(A) in absence of show cause notice issued under section 251 of the Income Tax Act is wholly unsustainable in law. Accordingly, the appeal is allowed and enhancement is quashed.

CBIC Shifts Look Out Circulars to Online Portal

October 13, 2025 1077 Views 0 comment Print

CBIC mandates online processing of Look Out Circulars via the LOC portal, discontinuing manual or email requests from March 1, 2024.

Section 33 application for liquidation of Grid Steel and Alloys Ltd allowed

October 13, 2025 495 Views 0 comment Print

NCLT Cuttack held that application u/s. 33 of Insolvency and Bankruptcy Code for liquidation of Grid Steel and Alloys Limited deserves to be allowed. Accordingly, liquidator of the Corporate Debtor also appointed.

ITAT Delhi Rules DigiCert License Fees Not Taxable as FTS

October 13, 2025 381 Views 0 comment Print

ITAT Delhi rules DigiCert Inc’s receipts from Indian resellers for digital security certificates aren’t royalty or FTS. It’s a non-taxable sale of a copyrighted article.

GST 2.0 – Major GST Reforms from 1 October 2025

October 13, 2025 9729 Views 0 comment Print

 GST 2.0 reforms effective Oct 1, 2025: streamlined rates (5%, 18%), mandatory IMS for ITC verification, GSTR-3B locking, and new credit note reversal rules.

Penalty imposed for Failure to Constitute Audit Committee Under Section 177

October 13, 2025 735 Views 0 comment Print

ROC Kanpur imposed a ₹8,00,000 penalty on GORDON HERBERT (INDIA) LIMITED and its directors for violating Section 177 by failing to establish a mandatory Audit Committee.

IPO Boom In India: Opportunity Or Overvaluation Risk?

October 13, 2025 999 Views 0 comment Print

Summary of the current IPO rush in India, detailing Main Board vs SME differences, drivers like retail liquidity, and key risks associated with aggressive pricing and overvaluation concerns

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