The Delhi High Court held that additional documents already referred to in a criminal complaint can be filed later under Section 311 Cr.P.C. The Court ruled that procedural defects should not obstruct substantive justice where no serious prejudice is caused.
The Delhi High Court held that shareholders of a foreign company cannot be taxed on the company’s rental income and capital gains merely because they hold all its shares. The Court reiterated that a company is a separate legal entity unless fraud or sham arrangements are proved.
The regulator has proposed capping penalties for position limit breaches in commodity derivatives, stating that excessive penalties may discourage market participation and risk management.
SEBI has proposed objective triggers such as average daily traded volume and open interest for transitioning agricultural derivatives to compulsory physical settlement. The proposal seeks to ensure that flexibility in settlement methodology remains limited and transparent.
PFRDA has expanded the NPS Sanchay incentive framework to include CSC-VLEs, BCs/Pension Sakhis, and PACS operating through PoPs. The move aims to strengthen last-mile pension outreach and improve pension inclusion.
The article explains how gems and jewellery businesses must distinguish compliances governed by the Income-tax Act, 1961 and the new Income-tax Act, 2025 during May 2026. It highlights important TDS, TCS, and reporting deadlines applicable during the transition period.
ITAT Mumbai held that addition under Section 69A could not survive when based solely on a third-party statement without granting cross-examination. The Tribunal ruled that denial of cross-examination violated principles of natural justice.
From Compliance To Culture: Redefining POSH Governance In Modern Corporate Era A Governance-Centric Analysis of Workplace Safety, Accountability and Institutional Responsibility Introduction The modern corporate environment is witnessing a significant transformation in the understanding of workplace governance and employee protection. Issues relating to dignity, inclusion, ethics, and accountability are no longer viewed merely as human […]
The Mumbai ITAT held that assessment proceedings conducted in the name of a deceased person are legally void once the department is informed about the death. Both the assessment and appellate orders were quashed as nullities.
The Pune ITAT ruled that purchases cannot automatically be disallowed merely because suppliers failed to reply to notices issued under Section 133(6). The Tribunal restored the matter for fresh verification after considering documentary evidence produced by the assessee.
