This case examines whether courts can review GST classifications when public health concerns are raised. The key takeaway is that courts may prompt institutional review but cannot directly alter tax rates.
The Tribunal held that earning income as a percentage of hospital turnover is commercial, not charitable. Section 80G approval was rightly denied for lack of genuine charitable application.
The High Court quashed a reassessment for A.Y. 2015–16 where the Section 148 notice was issued after 1 April 2021. Relying on the Revenue’s binding concession before the Supreme Court, all consequential actions were set aside.
The issue was wrongful denial of GST refunds by branding exporters as intermediaries. The key takeaway is that independent service providers exporting on their own account are not intermediaries.
The regulator held that the earlier ₹1,000 crore benchmark was no longer proportionate. Raising the threshold to ₹5,000 crore significantly reduces unnecessary governance burdens for routine debt issuers.
SEBI proposes allowing issuers to offer incentives in public debt issues to attract retail investors. The key takeaway is that benefits are permitted only for initial allottees to boost participation without distorting markets.
Rapid industry growth and layered amendments made the old rules complex and bulky. The new regulations consolidate, simplify, and restructure provisions for better clarity and ease of compliance.
The proposed amendments to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 seek to streamline IPO-related requirements to enhance ease of doing business and improve retail investor participation. Initiated by the Securities and Exchange Board of India, the reforms focus on two key areas: lock-in of pre-issue shares and the abridged prospectus framework. […]
The proposal allows credit rating agencies to rate instruments under other regulators even where no formal guidelines exist. This addresses market gaps while introducing safeguards to protect investors.
The review clarifies that unclaimed interest and redemption amounts for listed debt securities must be transferred to IEPF only after seven years from maturity. This aligns LODR rules with the Companies Act and protects investor claim timelines.
