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Archive: 29 April 2026

Posts in 29 April 2026

Justice Deferred, Freedom Denied: A Critique of Preventive Detention Systems

April 29, 2026 306 Views 1 comment Print

Preventive detention laws allow incarceration without trial based on suspicion, raising serious concerns about violation of personal liberty. The analysis highlights how weak procedural safeguards enable misuse and arbitrary detention.

TDS Non-Deduction Rules Tightened Due to Data Analytics Monitoring

April 29, 2026 1122 Views 1 comment Print

The case highlights how the new framework enforces stricter compliance using data analytics. It underscores that incorrect declarations can trigger penalties and scrutiny

ICAI Convocation May – 2026 Dates and Locations

April 29, 2026 47970 Views 1 comment Print

ICAI has released the May 2026 convocation schedule for members enrolled between Dec 2025 and Apr 2026. Eligible candidates will receive membership certificates and event details shortly.

CA Profession Not Low-Paying, Says ICAI While Rejecting Misreported Salary Data

April 29, 2026 15474 Views 1 comment Print

The issue involved a media report alleging low returns and poor salaries for Chartered Accountants. The Institute clarified that the profession offers high demand, strong salaries, and diverse opportunities, correcting the misleading narrative.

Bombay HC GST Quashed Refund Rejection for Ex Parte Order Without Hearing

April 29, 2026 453 Views 0 comment Print

The issue was whether a refund rejection without hearing is valid. The Court held that ex parte orders violating procedure are unsustainable and restored the application for fresh consideration.

GST Registration Cancellation Set Aside Due to Vague Show Cause Notice

April 29, 2026 444 Views 0 comment Print

The issue was whether a vague notice could justify cancellation of GST registration. The Court held that lack of material particulars invalidates the notice and order, leading to restoration of registration.

Salient Features of Income Tax Act 2025

April 29, 2026 9705 Views 0 comment Print

The issue was complexity in the existing tax law. It was clarified that the new Act simplifies structure by reducing sections and removing redundancies without changing core policies.

Custom Advance Ruling Application Rejected Due to Wrong Jurisdiction Address

April 29, 2026 372 Views 0 comment Print

The Authority declined to hear the case as the applicants address fell outside its jurisdiction. It held that jurisdiction must be determined strictly based on the address provided.

RBI (NBFCs – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026

April 29, 2026 693 Views 0 comment Print

NBFCs can retain or upgrade borrower accounts to standard upon resolution plan implementation. The amendment balances borrower relief with prudential safeguards.

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