This article explains the twelve most common reasons for GST Show Cause Notices, the applicable legal provisions, available taxpayer defenses, and the importance of natural justice.
SEBI’s 2026 fast-track AIF framework shifts responsibility from regulatory pre-approval to merchant bankers and fund managers. The article explains the benefits, risks, and investor protection challenges.
SEBI has introduced a Settlement Helpdesk to assist applicants with filing settlement applications, computing indicative amounts, and tracking application status. The facility aims to simplify procedural compliance while providing informal, non-binding guidance.
The Supreme Court agreed to examine allegations that bank dues were settled at steep discounts through ARCs, while clarifying that it has expressed no opinion on the merits. The case highlights concerns over banking fraud and public money.
This guide lists all major July 2026 due dates under Income Tax, GST, FEMA, PF, ESI, and the Companies Act. It helps taxpayers and businesses meet compliance deadlines and avoid interest, penalties, and late fees.
The Delhi High Court held that an unnatural death in police custody attracts constitutional liability under Article 21, even if caused by suicide. It awarded Rs. 18.44 lakh compensation, emphasizing the State’s duty to protect persons in custody.
Bombay High Court held that non-compliance with Section 144B raised a jurisdictional issue requiring ITAT adjudication and set aside its order.
Gujarat High Court ruled that CBDT’s expert assessment of informant rewards is not open to judicial recalculation absent arbitrariness.
The Gujarat High Court held that a scientifically determined warranty provision qualified for consideration under settled legal principles and could not justify reopening. It quashed the reassessment after finding the Assessing Officer ignored the Supreme Court’s ruling and ICDS provisions.
ITAT Hyderabad deleted the Section 115BB addition after holding that the gaming platform’s records showed a net loss, not taxable winnings.
