Courts are moving away from treating absence of DIN as automatically voiding tax notices. If the document is system-generated and traceable, it may still be legally valid.
The Court ruled that reopening based solely on an audit objection amounts to change of opinion if the issue was previously examined. Without fresh tangible material, reassessment proceedings are unsustainable.
Company registration gives a business separate legal identity and limited liability protection. It is essential to operate legally and access government schemes and formal benefits.
NCLAT Delhi held that termination of contract not triggered by the insolvency of Corporate Debtor and therefore not barred by moratorium under section 14 of the Insolvency and Bankruptcy Code [IBC]. Accordingly, appeal held as devoid of merit.
IPCs issued to clearing corporations will now carry a 100% CCF, but capital must be maintained only on the CME portion at 125% risk weight. The amendment clarifies regulatory capital treatment.
Small Finance Banks must now disclose granular capital market exposures in their financial statements. The amendment enhances transparency and aligns reporting with updated risk management norms.
Draft amendment requires HFCs to follow responsible business conduct norms applicable to NBFCs for loan recovery and recovery agents. Existing Fair Practices Code provisions are set to be replaced.
The draft amendment introduces detailed norms on recovery agents, borrower treatment, and grievance redressal. Harsh practices and coercive recovery methods are expressly prohibited.
The AO recorded reasons for escapement without receiving confirmation from the Sub-Registrar. ITAT ruled that absence of tangible evidence vitiated reassessment, making the subsequent Section 263 revision unsustainable.
The proposed amendment introduces strict conduct standards for recovery agents and borrower interaction. Harsh practices and coercive methods are expressly prohibited.
