he tribunal held that reassessment notices issued by the jurisdictional assessing officer instead of the faceless authority violate the mandatory faceless assessment framework. Such jurisdictional defects render the entire reassessment proceedings void ab initio.
Orissa High Court held that post grant of refund by Assistant Commissioner, the recourse to adjudicate upon the same objection/content under Section 73 without giving due deference to the quasi judicial Appellate Order is unconscionable. Accordingly, the writ petition is allowed.
Karnataka High Court held that in terms of auction memorandum, liquidator appointed under the Insolvency and Bankruptcy Code, 2016, was empowered to forfeit the Earnest Money Deposit [EMD] and Interest free Refundable Participation Deposit Money [PDM] deposited for participating in the auction.
The Tribunal held that state-fixed maximum ticket prices do not excuse failure to pass on GST rate cuts. Cinema owners must reduce prices commensurately despite pricing caps.
Explains why TCS under section 206C(1G) applies to overseas remittances and tour packages. The key takeaway is that TCS is a reporting mechanism, adjustable or refundable, not a final tax cost.
The Government has deferred the commencement date of a notification issued under the LLP Act. The effective date now shifts from January 1, 2026, to February 16, 2026, without changing the substance of the law.
MCA amended its notification to postpone implementation of the reorganised Registrar of Companies framework for LLPs.
MCA amended its notification to postpone implementation of the reorganised Registrars of Companies framework under the Companies Act.
MCA amended its earlier notification to postpone the effective date of the restructured Regional Director jurisdictions under the Companies Act.
Real estate offers steady cash flow. Renting out a property is a simple way to generate monthly income. Let’s take a ₹50 lakh property in a popular area. Rent it for ₹20,000 monthly, and you’re earning ₹2.4 lakhs a year!
