The Court held that alleged overlap between State and Central GST proceedings involves factual scrutiny, not a pure legal issue. Taxpayers must pursue statutory appeals instead of writ remedies.
The court ruled that absence of toll plaza receipts cannot justify denial of ITC when invoices, e-way bills, GST returns, and bank payments prove genuine transactions.
The issue is when High Courts can entertain appeals against ITAT orders. The key takeaway is that only debatable, material legal questions—not factual disputes—permit appellate scrutiny.
This addresses ambiguity around Section 186(11) exemptions. The key takeaway is that core financing activities are now clearly outside approval requirements.
SEBI revised the technical glitch framework to ease compliance for stock brokers. Smaller brokers are largely excluded, significantly reducing regulatory burden.
SEBI simplified the accreditation process by allowing interim agreement execution and relaxing net-worth documentation. The move balances operational ease with investor protection.
SEBI revised the technical glitch framework to reduce compliance burden on smaller brokers and simplify reporting. The update also rationalises penalties and technology requirements.
The amendment updates capital adequacy norms for AIFIs by revising risk weights on non-resident corporate claims. It introduces differentiated treatment based on international and IFSC-specific credit ratings.
The regulator updates risk-weight norms for non-resident corporate exposures, linking capital requirements more closely to international credit ratings. The move aims to strengthen prudential discipline and risk sensitivity.
The regulator has revised capital adequacy norms by updating risk-weight mappings for non-resident corporate claims. The key takeaway is stricter treatment of unrated and downgraded exposures to enhance prudential discipline.
