Persistent technical issues prevented users from accessing the portal and completing filings. The representation seeks urgent fixes and possible compliance relief.
The authority examined whether warehousing scheme applicability can be decided under advance ruling. It held that such procedural issues fall outside Section 28H. The application was rejected as not maintainable.
NFRA introduced guidelines to evaluate audit firms’ compliance and quality control systems. The framework emphasizes governance, risk assessment, and regulatory compliance through structured inspections.
The government extended the Minimum Import Price on specified paper board imports to maintain existing policy conditions. The notification continues earlier safeguards without altering terms.
RBI introduced new directions mandating prompt pension credit and adherence to government orders. The framework ensures efficiency, accountability, and improved service delivery to pensioners.
Accounts with no contributions for four consecutive quarters will be classified as dormant and charged reduced AMC. This lower fee continues until the account becomes active again.
The Tribunal held that delay in filing the return due to pending probate proceedings was beyond the control of executors. It ruled that such delay constituted a bona fide explanation, leading to deletion of penalty under Section 270A.
The Tribunal held that commission paid to foreign agents for services rendered outside India is not taxable in India. Consequently, no TDS obligation arises, and disallowance under section 40(a)(i) was deleted.
RBI introduced new rules requiring banks to maintain services during calamities through temporary setups and alternative channels. The move ensures uninterrupted financial access and customer relief in affected regions.
RBI ensures continued ‘Standard’ classification for accounts undergoing restructuring under specified frameworks. This supports recovery without immediate asset downgrading.
