The Tribunal held that the scope of enquiry at the registration stage is limited to objects and genuineness of activities. The application was remanded after the trust undertook to delete clauses permitting overseas fund use.
The Calcutta High Court set aside the Single Judge’s order quashing a provisional attachment, holding that the matter had become academic after confirmation under Section 8(3) of the PMLA. The Court emphasized that parties must pursue statutory appellate remedies.
The Court partly allowed the writ petition, noting that the petitioners claim was found genuine upon verification. Authorities were directed to reconsider restoration of GST registration from the original date.
Observing that the assessee invested the entire share of sale proceeds within two years and obtained possession, ITAT Pune allowed Section 54B exemption. The addition under Section 69A was consequently deleted.
The High Court dismissed the petition challenging GST assessment orders due to unexplained delay. It held that lack of timely action bars relief under writ jurisdiction.
IRDAI Circular dated 12 February 2026 clarifies insurers’ investments in AIFs with Excusal Rights under Section 27E of the Insurance Act, 1938. The circular introduces compliance conditions, documentation requirements, auditor certifications, and revised single AIF exposure limits covering direct and indirect exposure through Fund of Funds.
The appellate authority held that information can be disclosed only if it is held or controlled by the public authority. As the requested 1986 committee report was not available with the Board, the RTI appeal was disposed of.
The 26th Council of ICAI has elected new leadership effective February 12, 2026. The announcement marks the beginning of the 2026–27 term for the statutory accounting body.
The Supreme Court held that where there is a serious dispute over title and possession, a suit for injunction alone is not maintainable. Plaintiffs must seek possession and appropriate declaratory relief instead of filing an injunction simpliciter.
This article explains deposit insurance limits, broker safeguards, and legal recovery mechanisms. It highlights diversification and regulatory awareness as key investor survival strategies.
