The Supreme Court ruled that Section 7 of the Prevention of Corruption Act covers attempts to obtain undue advantage through subordinates or third parties. The key takeaway is that public officials cannot avoid liability by using intermediaries.
The Tribunal ruled that no addition could be sustained where the tax department failed to establish actual receipt of interest income. The key takeaway is that presumptions and notings in seized documents cannot substitute proof of income.
The Tribunal held that an investigation report against a supplier is only a starting point for inquiry and not conclusive proof against the assessee. The key takeaway is that additions require independent evidence relating to the assessee’s own transactions
Where assessee substantiated purchase, holding and sale of shares of YICL through documentary evidence, DEMAT records, contract notes, STT payments and banking transactions, and Revenue failed to establish any nexus between assessee and alleged price-rigging operators, exemption under section 10(38) could not be denied merely on suspicion or penny-stock allegations.
PFRDA has introduced the StAR NPS platform to enable a fully digital and assisted onboarding process for NPS subscribers. The framework aims to streamline registration, KYC verification, and contribution processing through PoPs.
Where ITAT directed inclusion of Cepha Imaging Pvt. Ltd. as a comparable solely on the basis that it satisfied the export turnover filter without examining its functional comparability with assessee, and further directed inclusion of CG Vak Software & Exports Ltd.
Addition of ₹11.14 crore on account of alleged bogus purchases could not be sustained without first verifying the assessee’s claim that purchases worth approximately ₹11.07 crore had been reversed in its books and were never claimed as a deduction while computing taxable income.
The IBBI imposed a two-year suspension after finding that the Insolvency Professional misrepresented before the adjudicating authority that no Committee of Creditors existed. The ruling highlights that concealment of material facts and bypassing Section 12A requirements attract serious disciplinary consequences.
DGFT has invited comments on proposed amendments to Schedule-II of ITC (HS) 2022 to align export policy provisions with changes introduced by the Finance Act, 2026. Stakeholders have been given seven days to submit their suggestions.
SEBI has consolidated all AIF-related circulars issued up to May 31, 2026 into a single Master Circular. The key takeaway is a unified compliance framework replacing the earlier fragmented regulatory structure.
