The Telangana High Court held that reassessment proceedings initiated under Sections 148A and 148 by the Jurisdictional Assessing Officer after implementation of the faceless scheme were without jurisdiction. The Court quashed the notices while preserving the Revenue’s rights subject to the Supreme Court’s final decision.
Relocating to Sikkim does not automatically exempt you from income tax. This article explains who qualifies under Section 10(26AAA) and why eligibility depends on historical status rather than residence.
The Telangana High Court permitted manual filing of a revocation application even after dismissal of a delayed appeal against GST registration cancellation. The ruling highlights that procedural delays and portal limitations should not deprive taxpayers of an opportunity to seek restoration of registration.
The article argues that Rule 14A creates a compliance trap by restricting taxpayers from reporting actual liabilities after crossing prescribed thresholds. It examines potential violations of Articles 14, 19(1)(g), and 300A of the Constitution.
The Tribunal held that section 50 merely prescribes a special method for computing gains on depreciable assets and does not convert a long-term capital asset into a short-term capital asset. Consequently, long-term capital losses were permitted to be set off against such gains under section 74.
The article explains the legal framework governing share capital and share issuance under the Companies Act, 2013. It highlights how procedural compliance protects shareholder interests and ensures the validity of corporate actions.a
RBI’s 2026 amendment directions permit AIFIs to finance listed InvITs but impose stringent conditions relating to valuation, leverage, security coverage, and end-use monitoring. The framework aims to strengthen prudential standards in infrastructure financing.
RBI has amended the Small Finance Banks framework to permit lending to listed InvITs while imposing detailed conditions on leverage, security, repayment structures, and end-use monitoring. The move aims to support infrastructure financing without compromising financial stability.
The RBI has classified bank exposures to REITs as Commercial Real Estate exposures with specified risk weights. Overseas branch lending to REITs will attract an even higher capital requirement.
The RBI has amended concentration risk management norms requiring banks to set internal limits for real estate exposure. The directions also prescribe a prudential cap on REIT exposures.
