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Archive: 01 May 2026

Posts in 01 May 2026

Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2026

May 1, 2026 3426 Views 0 comment Print

The issue involved foreign investment from countries sharing land borders with India. The amendment mandates Government approval for such investments, including indirect ownership. The ruling strengthens scrutiny to safeguard national interests.

₹2000 Notes Withdrawal Near Completion as 98.47% Currency Returned to RBI

May 1, 2026 1113 Views 0 comment Print

The RBI confirmed that nearly all ₹2000 banknotes have been returned since the 2023 withdrawal announcement. With only a small fraction remaining in circulation, the process is nearing completion. The update highlights the effectiveness of the phased withdrawal strategy.

Electric Bike Insurance in India: How Coverage Conversation is Evolving With EV Market

May 1, 2026 465 Views 0 comment Print

Electric two-wheelers are becoming a more visible part of everyday mobility in India. As the EV market grows, riders are also beginning to think about coverage in a more detailed way. That is why bike insurance for electric models is now discussed with more attention than before. For many buyers, electric bike insurance is no […]

Safe Harbour Rules under New Income Tax Act, 2025 & Rules, 2026- Part II

May 1, 2026 1164 Views 0 comment Print

The framework outlines mandatory disclosures and timelines for opting into safe harbour. Key takeaway: strict compliance is essential to gain tax certainty.

Hospitality Investment Opportunities in Madhya Pradesh through Tourism Subsidies

May 1, 2026 753 Views 0 comment Print

The scheme provides financial incentives for new, expanded, and upgraded hospitality projects. Key takeaway: investors can reduce capital costs significantly through structured subsidies.

GST NGTP Tag Cannot Alone Justify ITC Denial Without Proper Inquiry

May 1, 2026 681 Views 0 comment Print

Highlights that system-based NGTP tagging cannot replace proper verification before denying ITC. Key takeaway: factual investigation is essential before treating transactions as bogus.

Rajasthan High Court Upholds Promissory Estoppel in Renewable Energy Dispute

May 1, 2026 336 Views 0 comment Print

The Court held that withdrawal of promised electricity duty exemption after investment violates promissory estoppel. Key takeaway: State cannot defeat vested rights created by clear policy assurances.

Rajasthan HC Condones GST Appeal Delay Citing Genuine Hardship

May 1, 2026 591 Views 0 comment Print

The High Court allowed delay in filing GST appeal due to repeated family bereavements beyond the taxpayer’s control. Key takeaway: genuine hardship can justify condonation and enable appeal on merits.

External Commercial Borrowing (ECB): A Strategic Gateway to Global Capital

May 1, 2026 522 Views 0 comment Print

Explains how ECBs allow Indian entities to borrow abroad while ensuring compliance with RBI rules. Key takeaway: growth is enabled within strict regulatory limits.

Mandatory Pre-Deposit for Filing GSTAT Appeal: Legal Position, Meaning & Examples

May 1, 2026 1638 Views 0 comment Print

Explains mandatory pre-deposit requirements under GST law and how compliance ensures automatic stay on recovery. Key takeaway: correct payment secures appeal and protection.

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