The High Court held that imposing a large penalty for an expired E-way bill was unjustified when the goods were meant for export. Since exports are zero-rated and no tax was payable, the penalty order was set aside.
Explains how India’s Battery Waste Management Rules place Extended Producer Responsibility on manufacturers and importers to ensure collection, recycling, and safe disposal of battery waste.
Budget 2026 proposes reducing the stay-of-demand deposit from 20% to 10% of core tax demand under Section 220(6), offering relief to taxpayers disputing assessments.
To ease compliance for research analyst firms, SEBI created a separate certification module for sales and relationship managers who interact with clients but do not perform research functions.
RBI instructed financial institutions to ensure no accounts exist in the names of individuals or entities listed under the updated UN Taliban sanctions list as part of anti-terror compliance.
IFSCA released draft guidelines seeking public comments to recognise credit risk mitigation techniques and allow capital relief for factoring transactions in IFSC.
ESOPs are taxed twice under Indian tax law—first as salary at the time of exercise and later as capital gains when shares are sold. Understanding these stages helps employees plan their taxes.
The adjudicating authority held that incorrect information in Form AOC-4 XBRL violated Rule 8(3) of the Companies Rules. Penalties were imposed on the director and the certifying CA responsible for the filing.
Despite a 595-day delay in filing financial statements under Section 137, ROC imposed no penalty because the company rectified the default before the adjudication notice. The ruling highlights relief available under Section 454(2).
ROC levied a ₹2 lakh penalty on the company and ₹50,000 each on directors for failure to file annual returns. The decision highlights consequences of prolonged non-compliance under Section 92.
