Cyclone disruptions may be excluded if insurance is bought after an event becomes “known.” Purchasing early improves claim eligibility for cancellations and delays.
The CBI has registered a bribery case against three Customs officials accused of taking illegal gratification to release seized goods. The probe also examines missing stock from government godowns.
SEBI has proposed extending standing instruction facilities for SWP and STP to mutual fund units held in demat form. The move aims to improve investor convenience and reduce repetitive transaction-level instructions.
The tribunal held that cash deposits during demonetisation cannot be treated as unexplained income when supported by audited books and stock records. Mere suspicion or surrounding circumstances cannot override accepted accounts.
Courts hold that retrospective cancellation of a supplier’s registration alone is insufficient to deny ITC. Authorities must prove lack of transaction genuineness or buyer collusion.
ITAT Delhi held that satisfaction note recorded before initiation of the proceedings u/s 153C of the Income Tax Act is not a valid satisfaction. Accordingly, proceedings u/s. 153C of the Income Tax Act is quashed since based on invalid satisfaction.
A single approval was granted for multiple years without examining seized material or draft orders. The Tribunal ruled that such omnibus approval vitiates proceedings under Sections 153A/143(3).
xplains how the functions performed by an Indian subsidiary are tested under Article 5 to determine whether a foreign company forms a PE in India.
Explains the Budget 2026 proposal allowing SEZ units to sell to DTA units at reduced duty and how it simplifies approvals while lowering costs.
Explains the most common entry-stage errors foreign investors make in India and how correct structuring and compliance can prevent regulatory setbacks.
