The paper examines how India’s corporate governance framework, despite strong statutory provisions, continues to suffer from implementation gaps and ethical failures. It highlights that formal compliance alone cannot prevent governance breakdowns like Satyam and IL&FS.
The article explains how transit anticipatory bail evolved through judicial interpretation to protect individuals facing arrest in another state. It highlights that courts treat personal liberty under Article 21 as paramount and grant temporary protection to enable access to the competent court.
CBIC Circular No. 23/2026-Customs introduces mandatory INFO_CD declarations for claiming safeguard duty exemptions on steel imports. The Circular ensures smooth customs clearance by prescribing system-based qualifiers linked to CIF value thresholds, origin criteria, and excluded products.
CESTAT Ahmedabad ruled that before the 2016 amendment, there was no prohibition under the Cenvat Credit Rules against using basic excise duty credit for payment of NCCD. The Tribunal dismissed Revenue’s demand for recovery of ₹4.53 crore.
The article highlights that taxpayers seeking carry-forward of business or capital losses must file returns within the due date under Section 139(1). Failure to file on time may result in loss of carry-forward benefits.
CBIC amended Notification No. 36/2001-Customs (N.T.) by substituting tariff valuation tables for specified imported goods. The revised notification continues tariff values for commodities such as gold, silver, edible oils, brass scrap, and areca nuts.
DGFT notified the enlistment of fourteen new Pre-Shipment Inspection Agencies under Appendix-2G of FTP 2023. The agencies are now authorized to issue Pre-Shipment Inspection Certificates through the DGFT portal.
DCIT Vs Shikha Indrakumar Agrawal (ITAT Nagpur) The Nagpur Bench of the Income Tax Appellate Tribunal dismissed the Revenue’s appeal and upheld deletion of additions made under Sections 68 and 69C in respect of long-term capital gains claimed as exempt under Section 10(38) on sale of listed shares. The assessee had purchased 24,000 shares of […]
Jageswar Saw Vs Deputy Commissioner of Revenue (Calcutta High Court) The Calcutta High Court dismissed an appeal challenging detention of an excavator and levy of penalty under Section 129 of the West Bengal GST Act, 2017, holding that incorrect declaration in transport documents and improper execution of delivery challan justified action by the tax authorities. […]
The Tribunal held that unrecovered advances made in the ordinary course of business can be allowed as business loss, even if they do not qualify as bad debts under section 36.
