The latest amendment excludes income arising from transfer of pre-2017 investments from GAAR scrutiny. It reinforces the protection of grandfathered investments despite broader applicability of anti-avoidance provisions.
The notification grants customs duty relief to SEZ units clearing goods to DTA, provided production began before 31 March 2025. It clarifies eligibility conditions, exclusions, and compliance requirements for availing the benefit.
ITAT held that absence of an explicit irrevocability or dissolution clause is not a valid ground to deny registration under Section 12AB. The ruling directs grant of registration and consequential 80G approval.
The Finance Act, 2026 prescribes income-tax rates, surcharge, and cess for the assessment year 2026–27. It establishes the legal framework for tax computation, including applicable slabs and additional levies.
The RBI extended the time for realisation of export proceeds from nine to fifteen months due to global uncertainties. This decision addresses delays caused by geopolitical tensions and logistical disruptions.
The government amended the earlier notification by replacing Table 1 with a revised duty structure. This change impacts applicable customs rates and compliance requirements for specified goods.
The RBI postponed implementation of revised capital market exposure norms after banks and intermediaries raised operational concerns. It also issued clarifications to address interpretational issues in acquisition finance and lending rules.
ICSI broadened eligibility criteria to allow final-year students and various professional streams to register. The decision enhances accessibility and promotes wider participation in the CS profession.
The Competition Commission found prima facie evidence that breeder agreements restricted farmers from selling to competitors or using alternative breeds. It held that such clauses may constitute vertical restraints, warranting a detailed investigation. The case highlights concerns over limited market access and potential anti-competitive practices.
ITAT held that statutory transfer of funds to the government is not dividend under Section 2(22). Hence, dividend distribution tax under Section 115-O is not applicable.
