The insurance regulator clarified that certificates of registration for intermediaries will now remain valid indefinitely. The change eliminates the earlier three-year renewal framework, subject to payment of an annual fee.
The ITAT held that provision for dealer incentives under a sales promotion scheme was based on a scientific method and not a contingent liability. The disallowance made by the tax authorities was therefore deleted.
The court refused to convert a GST order from Section 74 to Section 73 because the taxpayer failed to produce supporting documents. The ruling emphasized that absence of records prevents reclassification of proceedings.
The Tribunal held that reassessment notices issued under Section 148 in the name of a company that had already amalgamated are invalid. The reassessment orders were quashed for lack of jurisdiction.
The Kerala High Court held that issuing a single GST notice covering multiple assessment years is unsustainable as different limitation periods apply for each year, potentially prejudicing taxpayers.
The Supreme Court refused to entertain a petition challenging the exemption of Muslim gifts from compulsory registration under Section 129 of the Transfer of Property Act. The Court directed the petitioners to approach the Law Commission of India for possible legislative changes.
CBIC amends the customs jurisdiction under Notification 21/2022 to redefine areas under the Principal Commissioner of Customs, Visakhapatnam. The update clarifies coverage of ports, SEZs, airports, and multiple districts in Andhra Pradesh.
The Supreme Court disposed of the petitions and allowed the parties to assist the High Court where challenges to CPCB guidelines on idol manufacture and immersion are pending.
The Court held that CPCB idol immersion guidelines are advisory and permitted artisans to manufacture PoP idols, while directing that immersion cannot take place without court permission.
Banks holding currency chests were instructed to function normally on March 31, 2026, despite the holiday. The directive supports timely settlement of government transactions before the financial year closes.
