Companies often assume that approval of Form INC-22 completes a registered office change. However, the law mandates Regional Director approval and additional filings, making INC-22 only the final step in the process.
High Courts have emphasized that ITC cannot be denied solely on the basis of a supplier being declared non-existent. Authorities must provide evidence of the buyer’s involvement and follow principles of natural justice.
The Tribunal condoned a 161-day delay in filing the appeal after accepting medical evidence showing the assessee suffered an accident and dengue fever. The ruling reiterates that courts should adopt a liberal and justice-oriented approach in condonation matters.
PFRDA has introduced a revised IMF framework for pension funds effective 1 April 2026, maintaining separate slab-based rates for Government and Non-Government sector subscribers.
Rule 333 mandates electronic tax payments for companies and specified taxpayers, while the draft rules also prescribe detailed depreciation rates for various tangible and intangible assets.
Rule 332 of the Draft Income-tax Rules 2026 allows the CBDT to mandate electronic submission of tax forms and documents to streamline compliance, enable secure verification, and improve record management.
Rule 331 of the Draft Income-tax Rules 2026 sets approval conditions, documentation requirements, and mandatory investment timelines for public companies and mutual funds to ensure proper utilisation of capital.
Draft Income-tax Rules 2026 mandate formal approval procedures for gratuity funds and cap reserves for unexpired risks in insurance businesses to ensure regulatory oversight and accurate profit computation.
Draft Income-tax Rules 2026 introduce strict conditions on director eligibility, employer contributions, fund ownership, and winding-up procedures to safeguard employee benefit funds and ensure proper governance.
Rules 317–319 of the Draft Income-tax Rules, 2026 prescribe conditions for trustees, regulate investment of gratuity fund money, and establish nomination rules for employees.
