This article explains how India’s four new labour codes are transforming wages, payroll, industrial relations, social security, and workplace compliance from November 2025.
This article explains the key website disclosure requirements imposed on listed companies under SEBI LODR Regulations, 2015. It highlights mandatory disclosures relating to financials, governance, related party transactions, and investor communications.
The article explains how editable outward tax fields in GSTR-3B enable suppliers to evade tax payment while genuine buyers later suffer ITC denial and GST notices.
The new customs notifications standardize the effective import duty on gold and silver bullion at 15% through revised BCD, SWS, and AIDC structures.
Telangana High Court directed GST authorities to accept a physical revocation application where the GST portal no longer permitted online filing due to expiry of limitation. The Court granted relief after noting that registration was cancelled for non-filing of returns.
DGFT clarified that banks may submit interest subvention claims even where UINs were generated after export credit disbursal during the transition phase. The relaxation was introduced to address practical implementation challenges faced by exporters and lending institutions under the EPM scheme.
The Madras High Court held that penalties under Section 122 of the CGST Act must equal the ineligible ITC availed or passed on in circular trading cases. The Court ruled that the Rs.10,000 limit cannot apply where the statute uses the phrase “whichever is higher.”
The Supreme Court quashed criminal proceedings pending for 35 years, holding that prolonged prosecution violated the right to speedy trial under Article 21. The Court also sought extensive data from the Allahabad High Court on criminal pendency, undertrials, bail applications, and judicial vacancies.
ITAT Bangalore held that profit cannot be estimated arbitrarily when regular books of account are maintained and not rejected under the Income Tax Act. The Tribunal ruled that mere decline in net profit rate does not justify ad hoc additions without evidence of suppressed sales or inflated expenditure.
The Jodhpur ITAT held that penalty under Section 272A(1)(d) could not survive where the Assessing Officer completed scrutiny assessment under Section 143(3) after considering replies and documents furnished later by the assessee.
