The Tribunal quashed the assessment after finding that crucial JSK Server data, screenshots, and investigation records were never provided to the assessee. The ruling reiterates that additions based on undisclosed evidence violate principles of natural justice.
ROC Mumbai penalised a company and its Managing Director for omitting disclosure regarding compliance with Secretarial Standards in the Board Report. The authority held that the omission violated Section 118(10) read with Section 134(5)(f) of the Companies Act, 2013.
The article explains all important income tax deadlines for FY 2026-27 under the new Income Tax Act, 2025. It covers advance tax, TDS, ITR filing, audit reports, and penalties for non-compliance in a month-wise format.
PRGI Title Verification is the first legal step for starting newspapers, magazines, and journals in India. The process ensures that publication titles are unique and compliant with the new digital registration framework.
The IBC (Amendment) Act, 2026 introduces CIIRP as a faster and proactive insolvency mechanism for early-stage financial stress. The reform shifts India’s insolvency framework from post-default recovery to preventive restructuring.
The Corporate Laws (Amendment) Bill, 2026 proposes sweeping reforms to improve corporate governance, digital compliance, and global integration. The Bill aims to simplify regulations while strengthening accountability and investor confidence.
The Income Tax Department increased monetary thresholds for assigning cases between ITOs and D/ACITs in Delhi Region. The revised limits aim to streamline jurisdictional allocation and improve administrative efficiency in tax assessments.
CBIC revised SAED on ATF exports to Rs. 16 per litre effective 16 May 2026, impacting aviation fuel exporters and export duty costs.
The Ministry of Finance amended the central excise notification issued in March 2026 by revising rates applicable to specified goods. The notification cites public interest and introduces revised per litre duty rates effective from 16 May 2026.
SEBI issued a revised Master Circular consolidating surveillance-related directions for stock exchanges, listed companies, intermediaries, and fiduciaries. The circular strengthens insider trading compliance through automated trading window restrictions and updated surveillance mechanisms.
