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Archive: 06 June 2026

Posts in 06 June 2026

SC Stays HC Ruling on GST Portal Upload as Valid Service Under Section 169

June 6, 2026 2544 Views 0 comment Print

The Supreme Court stayed a judgment that held mere uploading of notices and orders on the GST portal does not amount to valid communication for appeal purposes. The final legal position on whether portal-based service alone starts limitation under Section 107 remains undecided.

Corporate Compliance Calendar for June 2026

June 6, 2026 680739 Views 29 comments Print

This update highlights crucial compliance deadlines across GST, Income Tax, FEMA, and SEBI laws. It underscores that timely filings are essential to avoid penalties, ensuring businesses remain legally compliant and operationally secure.

Income Tax Superintendent Caught by CBI in Bribery Case Linked to PAN Deletion

June 6, 2026 6412 Views 0 comment Print

The CBI apprehended an Income Tax Office Superintendent in Odisha after he was allegedly caught accepting a bribe for deleting a duplicate PAN card. The case underscores strict action against corruption in public offices.

Court Allegedly Called Them Cockroaches, India Called It a Movement

June 6, 2026 3573 Views 0 comment Print

The article analyzes how controversial judicial remarks, despite later clarification, triggered a massive online movement reflecting youth frustration over unemployment, institutional distrust, and lack of opportunities.

Compromise, Arrangement & Reconstruction of Limited Liability Partnership (LLP/LLPs)

June 6, 2026 609 Views 0 comment Print

NCLT approved an LLP merger after finding that the scheme enhanced financial flexibility, operational efficiency, and partner value. The ruling highlights the legal process and safeguards governing LLP amalgamations.

Updated Penalty Chart under Income Tax Act, 1961

June 6, 2026 165734 Views 6 comments Print

A comprehensive guide to penalty provisions under the Income-tax Act covering defaults in returns, tax payments, TDS, audits, transfer pricing, and other statutory compliances.

APMC Cess Does Not Prove Unaccounted Turnover: ITAT Mumbai

June 6, 2026 201 Views 0 comment Print

ITAT found that the Assessing Officer incorrectly treated consignment transactions as the assessees turnover based solely on cess payments. The ruling emphasizes that commission agents should be taxed on commission income and not on consignors turnover.

What is TDS in 2026: Rates, Deduction Rules & Refund Process

June 6, 2026 465 Views 0 comment Print

This guide explains how TDS works in 2026, including deduction rates, refund procedures, and compliance requirements. It highlights key mistakes taxpayers should avoid to prevent excess tax deductions.

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