Delhi High Court sentenced a YouTuber to six months’ imprisonment for criminal contempt after finding that his videos and courtroom remarks lowered the authority of courts. The ruling emphasizes zero tolerance for attacks on judicial integrity.
The proposed 2026 amendments require successful completion of an accredited ISO 22000 Lead Auditor course for food safety auditors. The draft aims to revise professional standards under food auditing regulations.
GSTN has announced mandatory capture of Ship-To GSTIN in Bill-To/Ship-To transactions under the EWB system. The change aims to improve data accuracy and traceability of goods movement.
SEBI revised the methodology for computing household savings through the securities market by incorporating actual granular data and broader market segments. The change increased the Gross Savings-to-GDP ratio by 47 basis points in FY 2024-25 and provided a more accurate picture of household financial savings.
Tribunal ruled that objections relating to defective title, encroachments, and legal disputes require proper valuation examination through a DVO reference. The addition under Section 56(2)(x) was therefore restored to the Assessing Officer for reconsideration.
ITAT Delhi ruled that where an assessee disputes the stamp duty valuation under Section 50C, the Assessing Officer should refer the matter to the Valuation Officer. The Tribunal set aside the capital gains addition for fresh determination.
Punjab and Haryana High Court granted bail in an alleged fake ITC case after noting that investigation was complete and evidence was mainly documentary and electronic. The Court held that continued custody was not justified when no further interrogation was required.
A resolution applicant could not unilaterally alter its financial proposal through a last minute addendum after completion of the challenge process and commencement of voting under the Corporate Insolvency Resolution Process (CIRP).
In a commercial suit regarding specific performance, High Court had allowed a Civil Revision Petition by setting aside the order of the Special Judge for Commercial Disputes that had rejected the plaintiffs’ application to file additional documents.
Businesses across India are receiving GST notices for ITC reversal even after making genuine purchases and banking payments. The article explains key risks and precautions taxpayers must follow to safeguard Input Tax Credit.
