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Archive: April, 2026

Posts in April, 2026

SEBI Extends Compliance Deadline for Debenture Trustees Due to Operational Challenges

April 29, 2026 183 Views 0 comment Print

The issue was compliance timeline under amended DT regulations. SEBI extended the deadline to October 2026 due to implementation challenges, ensuring smoother transition for trustees.

IBBI Extends Deadline for Public Comments on Insolvency Reforms to 5 May, 2026

April 29, 2026 216 Views 0 comment Print

IBBI has extended the last date for stakeholder comments on key insolvency discussion papers. The move allows more time for feedback while keeping submission conditions unchanged.

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

April 29, 2026 10788 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 240 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 216 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.

Drawback for re-export of duty paid goods supplied by SEZ to DTA

April 29, 2026 204 Views 0 comment Print

The issue concerned denial of drawback on re-exported goods supplied from SEZ to DTA. The clarification holds that such supplies qualify as imports, making them eligible for drawback under Section 74.

Salient Features of Income Tax Act 2025

April 29, 2026 4386 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.

Wheat Export Still Prohibited But Allowed Due to 25 LMT Relaxation Quota: DGFT

April 29, 2026 105 Views 0 comment Print

The notification retains the prohibition on wheat exports but allows a limited relaxation of 25 LMT. The ruling clarifies that exports can proceed only within specified limits and conditions.

DPIIT Issues Operational Guidelines for ₹10,000 Crore Startup India Fund

April 29, 2026 198 Views 0 comment Print

The issue concerned operationalising a ₹10,000 crore startup fund. It was established that routing investments through AIFs ensures efficient deployment, private capital mobilisation, and improved governance.

Custom Advance Ruling Application Rejected Due to Wrong Jurisdiction Address

April 29, 2026 117 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.

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