ITAT Indore held that trust has passed resolution dealing with dissolution and utilization of assets in event of dissolution. Accordingly, the said resolution must be accepted by CIT(E) for granting final approval under section 80G of the Income Tax Act. Thus, matter remanded to the file of CIT(E).
The Tribunal dismissed the Revenue’s appeal, holding that JDA-related income issues had already attained finality. Any attempt to reassess the same income in an earlier year would result in impermissible double taxation.
The regulator has mandated OTP or e-sign authentication for online NPS registration, ensuring explicit consent and declarations are captured digitally at the end of onboarding.
SEBI has issued detailed compliance requirements following amendments to the Merchant Bankers Regulations. The circular mandates higher net worth, liquid asset thresholds, and stronger governance standards.
A new export credit guarantee scheme has been rolled out to help MSME exporters access working capital without heavy collateral requirements. The initiative offers high guarantee coverage through a pilot framework.
The government introduces 2.75% interest relief on pre- and post-shipment export credit, helping MSMEs access cheaper working capital and expand exports.
SEBI held that post-allotment down-selling of privately placed debt securities to more than 200 investors changes their legal character. The key takeaway is that issuers must monitor transfers to avoid triggering public issue regulations.
The government rolled out GST 2.0 to rationalise rate slabs and address long-standing structural issues. The key takeaway is a simpler, more predictable GST regime with fewer classification disputes.
The article explains how complexity, ESG demands, and enforcement gaps are testing Indian company law and why governance quality must improve beyond checklist compliance.
The rapid surge in cyber crime, from financial fraud to ransomware, is reshaping legal practice. Advocates must navigate complex technology, evidence, and multi-jurisdictional issues.
