Orissa High Court held that auction sale by the bank under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) justified as there was no information available with bank regarding existence of status quo order.
ITAT Indore held that Deemed Dividend under section 2(22)(e) of the Income Tax Act is not taxable in hands of borrower-company who doesn’t hold shares in lender-company. Accordingly, appeal of the assessee allowed and addition set aside.
Delhi High Court held that demand of customs duty on account of failure to fulfil export obligations under Advance Authorization set aside as export obligation was fulfilled within extended period and redemption/discharge certificate was issued thereafter.
Punjab and Haryana High Court directed CBDT to issue a circular extending the ITR due date for audit cases to 30th November 2025. The extension follows Section 44AB and Explanation 2(a) to Section 139(1). Taxpayers now have sufficient time between submission of audit reports and filing of returns.
GST E-Invoicing is mandatory for businesses with over Rs.5 Cr turnover, digitizing B2B/Export supplies to curb evasion. Learn generation process, compliance, and penalties.
In a landmark ruling (Suo Motu W.P. (Crl.) No. 2 of 2025), Supreme Court held that lawyers cannot be summoned merely for offering legal advice or representing clients during investigations. The Court reaffirmed client-counsel privilege under Section 132 of the Bharatiya Sakshya Adhiniyam, 2023, directing that such summons be issued only in rare cases with senior approval, thereby safeguarding professional independence and legal confidentiality.
India’s gross GST revenue for October 2025 rose 4.6% to ₹1.96 lakh crore, with 9% yearly growth in FY 2025–26 and steady gains from imports and domestic collections.
GST Rule 14A introduces a simplified registration scheme for small taxpayers with monthly output tax liability under ₹2.5 lakh. Aadhaar authentication is mandatory.
Supreme Court ruled that the Chief Justice’s office falls under the RTI Act, affirming transparency while safeguarding judicial independence and privacy rights.
SC clarified that personal insolvency proceedings under Section 94 IBC do not stay criminal trials for cheque dishonour under Section 138 NI Act.
