The DPDP Rules 2025 operationalise India’s data protection law with strict obligations and penalties. The key takeaway is that compliance is now a strategic and board-level priority.
Relying on precedents including rulings of the Delhi High Court, the Tribunal held that extrapolation across years is impermissible. The addition was struck down as being based on assumption rather than evidence.
Budget 2026 revamps Customs, Excise, and GST to simplify compliance and boost exports. The key takeaway is a trust-based, technology-driven indirect tax regime.
The Tribunal held that once business receipts are taxed on an estimated basis, separate additions for payments and assets from the same receipts are impermissible. Only a net-profit estimation was sustained, deleting multiple cascading additions.
The Budget introduces a new Income-tax Act, eases compliance, and rationalises penalties. The key takeaway is a shift toward certainty, digital administration, and reduced litigation.
The tribunal accepted that allotment confers enforceable capital rights capable of transfer. The ruling clarifies that proceeds from such transfers must be assessed under capital gains, not deemed income.
The draft notification proposes easing import and landing permission requirements for specified gas cylinders and components. Stakeholders have been invited to submit objections before the rules are finalized.
Agency banks must remain open on the public holiday to ensure all government receipts and payments are recorded within FY 2025–26.
The FAQs explain revised Baggage Rules, 2026, enhancing duty-free limits, simplifying transfer of residence, and clarifying passenger categories to reduce disputes and speed up airport clearance.
The Tribunal held that disallowance of interest for non-deduction of TDS cannot be automatic when paid to an NBFC. The Assessing Officer must first verify whether the payee has offered the income to tax.
