The Court held that reassessment proceedings cannot be quashed merely due to factual disputes. In absence of jurisdictional defect, the matter must be adjudicated by the Assessing Officer.
Relying on apex court precedents, the High Court ruled that ordinarily bail should be granted in CGST cases involving documentary evidence and limited punishment.
The new RBI framework requires Internal Ombudsman concurrence for complaint rejections, strengthening governance and customer protection in NBFCs.
TRAI requires all NBFC service and transactional calls to shift to the 1600 Trust Series by February–March 2026 to prevent fraud and improve customer trust.
Introduction: The Death of the Month-End Rush For nearly half a decade, the 14th of every month has been a day of reckoning for Indian tax departments. It is the day the GST portal generates the GSTR-2B, a static, auto-drafted statement that dictates exactly how much Input Tax Credit (ITC) a business can claim. However, […]
The Union Budget 2026 extends tax deductions for IFSC units to 20 years and provides a concessional 15% tax rate post-holiday, strengthening GIFT City’s global competitiveness.
A complete guide explaining the legal procedure, forms, timelines, and ROC approval process for changing a company name under the Companies Act, 2013.
The government introduces a 2.75% interest subvention on rupee export credit under a ₹25,060 crore mission. Benefits are capped at ₹50 lakh per IEC and apply to positive-listed HSN products.
The Court held that notice under Section 148A(b) was valid despite search-related arguments. However, the assessment was set aside due to absence of proper reasoning on denial of Section 10(38) exemption for long-term capital gains.
The Tribunal held that deduction under Section 54F must be computed with reference to actual sale consideration received, not the deemed value under Section 50C. The matter was remanded for recomputation of LTCG accordingly.
