The IBBI Amendment Regulations, 2026 introduce nominee directors on IPA governing boards and strengthen oversight mechanisms. The changes aim to enhance transparency, accountability, and regulatory supervision in insolvency professional agencies.
The Bombay High Court held that reopening for AY 2016–17 becomes invalid when sanction is obtained from an authority not prescribed under Section 151(2). The Supreme Court affirmed the ruling by dismissing the Revenue’s SLP on delay and merits.
The article argues that the sharp increase in gold import duty was triggered by pressure on India’s forex reserves, rising oil prices, and widening dollar outflows. It claims the move may revive smuggling, hurt the jewellery sector, and expose deeper weaknesses in economic management.
The piece states that replacing Annamalai as Tamil Nadu BJP President disrupted the partys long-term growth strategy. It suggests the decision reduced BJP s ability to expand its vote share and connect with younger voters.
The article explains that individual tenants paying rent above ₹50,000 per month must deduct TDS at 2% under Section 194-IB. It highlights compliance procedures, filing requirements, and consequences of non-deduction or delayed payment.
The Tribunal ruled that CPC’s application of a 30% tax rate merely due to absence of turnover disclosure in the return form could not override the concessional rate provided by law.
The Central Government amended Notification No. 14/2018-UT Tax by replacing officials listed against Serial No. 2. The notification appoints new GST officers for Chandigarh with immediate effect from publication in the Official Gazette.
Pune ITAT held that once the Assessing Officer accepted the explanation for cash deposits, reassessment could not continue on a completely new issue without issuing a fresh notice under Section 148.
ROC Delhi penalised a company and its directors after it failed to appoint mandatory independent directors despite crossing the prescribed turnover threshold. The authority held that prolonged non-compliance under Section 149(4) attracted maximum penalty under Section 172 of the Companies Act.
ROC Delhi penalised a company and its directors after special resolutions relating to preferential allotment were filed years beyond the statutory deadline. The authority held that repeated delays under Section 117 attracted maximum penalties under the Companies Act, 2013.
