IBBI cancelled an IP’s registration over systemic CIRP misuse, flawed valuations, non-disclosures, compliance failures and lack of due diligence.
ICAI has proposed revised minimum stipend rates for articled assistants based on city population while inviting stakeholder feedback before finalising the amendment.
Explore the latest exemptions, deductions and allowances available under the Income-tax Act for AY 2026-27. The guide covers salary, house property, business, capital gains and other income.
CBDT has clarified that lessees need not deduct TDS on ship lease payments once the IFSC lessor submits Form 1(N), provided the Section 147 conditions are satisfied.
CBIC notifies India-UK trade agreement origin rules from 15 July 2026, prescribing origin criteria, QVC tests and preferential tariff procedures.
ITAT Mumbai held that an accrued business liability supported by evidence is deductible under Section 37(1) despite future payment, while rejecting a capital receipt claim.
Understand when 1% TDS applies on purchase of immovable property under Section 194-IA. Learn the Rs. 50 lakh threshold, compliance requirements and recent aggregation rule.
CESTAT held that revenue-sharing arrangements with restaurant operators did not constitute Business Support Service and set aside the service tax demand.
Notification No. 24/2026-Customs exempts eligible animals imported under the India-UK trade agreement from customs duty and IGST, subject to re-export and prescribed conditions.
ITAT Chennai held that penalty under Section 271(1)(c) cannot survive when the AO accepts the income declared in the return filed under Section 148.
