Delhi HC held that a taxpayer can legally carry on business through a mobile phone in addition to the registered principal place of business.
FSSAI has issued draft regulations introducing quality and safety standards for chilli seed, tomato seed, okra seed, and muskmelon seed oils. The proposal aims to regulate production, contaminants, additives, and labelling for safer consumer use.
The Ministry of Finance clarified that claims regarding monetisation of temple gold holdings or issuance of gold bonds to temples are entirely false. The Government confirmed that no such proposal has been approved or considered.
The Supreme Court upheld joint insolvency proceedings against two interconnected real estate companies due to common management and integrated project operations. The ruling clarifies when multiple corporate entities can face consolidated CIRP under the IBC.
Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation of the Income Tax Act, 2025. It emphasized that officers will remain heavily engaged in training, awareness, and transition-related activities throughout the financial year.
The Finance Ministry has permitted seven reporting entities to conduct Aadhaar authentication under Section 11A of the PMLA. The notification highlights compliance with privacy and security standards under the Aadhaar Act after consultation with UIDAI and RBI.
The case involved a broker implementing substantial shareholding changes without obtaining IRDAI’s prior approval as required by regulations. IRDAI held that the violation was established but issued a warning considering corrective measures and future compliance commitments.
ROC Uttar Pradesh penalized a company and its directors for failing to file the annual return for FY 2019-20 under Section 92(4). The ruling highlights strict consequences for non-filing of statutory annual returns under the Companies Act, 2013.
ROC Uttar Pradesh dropped penalty proceedings after confirming that Form MGT-14 had already been filed for approval of accounts. The ruling highlights that penalties under Section 117(2) cannot survive once compliance is verified.
ROC Uttar Pradesh imposed penalties on a company and its directors for non-filing of financial statements for FY 2019-20. The order highlights that incorrect attachments in Form AOC-4 cannot cure statutory non-compliance under Section 137 of the Companies Act.
