A leading bar body has raised concerns over critical Supreme Court observations while setting aside a bail order, stating such remarks can demoralize judges and impact judicial independence.
NSE has expanded the API-based single filing system to include key Regulation 30 XBRL disclosures such as fraud, restructuring, and buyback ISD filings. However, PDF filings must continue separately at both exchanges. Listed entities are advised to avoid duplicate submissions.
The Court held that individuals controlling sham firms can be treated as “taxable persons” under Section 122. Corporate structure cannot shield GST fraud.
Courts distinguish lawful tax planning from criminal concealment. Recent rulings stress commercial substance and strict penalties for evasion.
Section 6 determines whether Indian or global income is taxable. Tax liability depends on physical presence and control, not citizenship.
The proposed Form 26 and Draft Rule 46(8) require financial data servers to be physically located in India and updated daily, tightening compliance obligations.
Section 139(8A) now permits filing of ITR-U within 48 months from the end of the assessment year. However, it cannot be used to reduce tax liability, claim refunds, or bypass departmental proceedings.
The new scheme offers up to 30% freight reimbursement (₹20 lakh cap) to eligible MSMEs exporting notified products from identified districts, effective 20 February 2026.
DGFT has introduced the FLOW initiative to address logistics and warehousing challenges faced by MSMEs in global markets. The scheme provides capped financial assistance and structured compliance conditions to improve export efficiency.
The government introduces INSIGHT under NIRYAT DISHA to strengthen export readiness through trade intelligence, skills development, and cluster-level facilitation.
