The Tribunal held that section 69C cannot be invoked when expenditure is recorded in books and its source is not in doubt, even if part of the claim is disallowed.
The High Court set aside a GST garnishee notice where tax dues of one company were recovered from another independent entity. It held that recovery cannot be enforced against a company with no adjudication order or liability.
The issue is how suppliers can charge GST at 0.05% or 0.1% on export-linked supplies. The key takeaway is that the benefit is conditional and depends entirely on strict compliance with notifications.
The issue is what triggers GST liability. It is held that only transactions qualifying as “supply” under law are taxable, making supply the decisive test.
The issue was whether a second reassessment could be initiated on the same facts already examined earlier. The Tribunal held that reopening based on a mere change of opinion is invalid and quashed the reassessment.
IBBI cancelled an insolvency professional’s registration for initiating personal guarantor insolvency without verifying or annexing the mandatory guarantee document.
ICAI has mandated a digital E-Diary for CA students starting articleship from January 2026. The move standardises training records, improves transparency, and enables real-time monitoring by principals.
SEBI has mandated uniform CTR and HYTR reporting formats for Specialized Investment Funds. The move ensures consistent monitoring of SIF compliance with mutual fund regulations and SIF-specific norms.
The government extended the existing anti-dumping duty while a sunset review is underway. The duty will continue up to July 12, 2026, unless changed earlier.
MCA now displays Small Company status directly in Company Master Data. The key takeaway is reduced ambiguity and faster compliance decisions—provided underlying financial data is accurate.
