The MCA has amended the valuation rules to require Registered Valuer Organisations to maintain a minimum paid-up capital of ₹25 lakh. The key takeaway is stronger financial and governance standards for RVOs.
Haryana has directed officers to send GST show cause notices and demand orders by registered or speed post in addition to portal-based communication. The instruction aims to enhance taxpayer awareness while retaining the GST portal as the legally valid mode of service.
The assessee challenged an ex parte reassessment order that treated property investment as unexplained under Section 69. ITAT held that adequate opportunity should be provided before sustaining substantial additions and remanded the matter for fresh adjudication.
The Tribunal ruled that condonation of delay by the competent authority removes the statutory obstacle created by Section 80AC for late-filed returns. As a result, the assessee’s claim for deduction under Section 80P must be reconsidered in accordance with law.
DGFT has introduced six new Standard Input Output Norms under the Chemical and Allied Product Group. The notification allows Regional Authorities to grant Advance Authorisations directly, reducing delays and eliminating case-by-case referrals.
The Central Government has specified infrastructure sub-sectors from the Updated Harmonised Master List as eligible businesses under Schedule V of the Income-tax Act, 2025. The notification expands the scope of recognized infrastructure activities for tax purposes.
The Industrial Relations Code, 2020 consolidates three major labour laws into a single framework to simplify compliance and improve industrial harmony. The key takeaway is that employers and employees must adapt to new rules governing unions, disputes, standing orders, and workplace relations.
The 2026 amendments significantly expand disclosure requirements for operational creditors and corporate applicants. The changes aim to provide resolution professionals and creditors with more comprehensive information during insolvency proceedings.
The 2026 amendments significantly strengthen the role of the Committee of Creditors during liquidation by requiring approval for key decisions. The changes shift major decision-making authority from consultation mechanisms to creditor oversight.
The 2026 amendment introduces Regulation 20A to govern asset transfers involving personal guarantors undergoing bankruptcy and related corporate insolvency proceedings. It also requires creditor approval and disclosures.
