The circular permits CRAs to share subscriber details with Pension Funds under the MSF framework. The key takeaway is that data sharing is limited, purpose-driven, and subject to strict privacy safeguards.
The guidelines prescribe a structured process for sponsor selection and pension fund registration. The key takeaway is that only financially strong and compliant entities can enter the pension fund space.
ICAI has updated the financial and professional eligibility norms for organizations imparting industrial training. The changes aim to standardize capacity, ensure qualified supervision, and take effect from 1 January 2026.
The Tribunal held that unexplained cash credit addition cannot survive once identity, genuineness, and creditworthiness are established through documentary evidence. The key takeaway is that mere low income of creditors is insufficient without contrary investigation.
This article explains how Section 9 exempts certain foreign exchange holdings from repatriation duties. The key takeaway is that RBI-prescribed limits and conditions determine when retention is lawful.
Income tax exemptions, GST clarifications, and penalty rulings dominated the week. Courts and authorities reinforced substance over form in compliance matters.
This article explains the revised ₹25 lakh exemption limit under Section 10(10AA). The key takeaway is that while the benefit is clear for recent years, earlier cases require careful legal evaluation.
Joint Venture Disputes Between Landowner and Developer Fall Outside the Ambit of RERA: MPREAT in Bhopal Development Authority vs. Roop Laxmi Singh (2026) The Madhya Pradesh Real Estate Appellate Tribunal (MPREAT), in its decision dated 08 January 2026 in Bhopal Development Authority v. Roop Laxmi Singh, has authoritatively clarified that disputes arising out of joint […]
This article explains why agricultural income lies outside the Income-tax Act and how constitutional provisions grant exclusive taxing powers to States. It highlights the practical limits of this exemption through judicial interpretation.
The Court held that a genuine buyer cannot lose ITC merely because the seller failed to deposit tax. The key takeaway is that liability must fall on the defaulter, not the innocent purchaser.
