Latest Articles
GST registration Suspension & Cancellation Notices: When Procedure Becomes Punishment
Goods and Services Tax : The issue concerns vague GST cancellation notices lacking facts. Courts held that absence of details violates natural justice and ...
Need For Comprehensive Reforms In Organised Crime Laws
Corporate Law : The issue is India’s scattered legal framework for organised crime. The analysis highlights that lack of a unified law weakens e...
GSTN Issues Advisories on Appeals, Pre-Deposit, GSTR-3B Interest & IMS Tool
Goods and Services Tax : Taxpayers were unable to file appeals when demand orders reflected zero liability despite disputes. The advisory clarifies that re...
Does Saving on Consolidation Cost You an RPT Approval?
Company Law : The analysis clarified that shareholder protection is ensured through ultimate parent consolidation. Hence, intermediate companies...
Punjab Governor Finally Gives Assent To Anti-Sacrilege Bill 2026
Corporate Law : The law was enacted to impose stricter penalties for sacrilege, including long-term imprisonment and heavy fines. It establishes b...
Latest News
Empanelment of CA Firms as Concurrent Auditors with SBI, Hyderabad
CA, CS, CMA : This explains the structured process for appointing audit firms, highlighting strict eligibility conditions and evaluation methods...
IFSCA Approves Capital Raising Frameworks to Enable Efficient Fund Mobilisation in IFSC
Finance : The Authority introduced frameworks for preferential issues, QIPs, and rights issues to streamline capital raising. The move aims ...
SEBI Proposes New Variable Net Worth Rules Due to Upstreaming Impact on Client Funds
SEBI : The consultation highlights that existing net worth calculations based on retained client funds are no longer effective. A revised...
SEBI Proposes CUSPA Reforms Due to Operational Challenges in Handling Unpaid Securities
SEBI : The draft circular addresses issues in managing unpaid client securities and proposes changes to the existing pledge framework. It...
ICSI Invites Stakeholder Feedback to Revise Company Secretary Course Syllabus
Company Law : The Institute has proposed syllabus changes to align with modern industry, regulatory, and technological needs. Stakeholders are i...
Latest Judiciary
Compensation Allowed as Revenue Expense Due to Business Expediency
Income Tax : The issue was whether compensation paid to flat buyers was capital or revenue expenditure. The Court held it to be revenue expendi...
₹32 Cr Addition Fails – Loose Diaries & “DD” Code Not Enough for Section 153C Action: ITAT Mumbai
Income Tax : The issue was whether third-party diaries using code “DD” can justify 153C action. ITAT held that without clear identification...
ITAT Hyderabad: 100% Disallowance of Promotion Expenses Unjustified; 50% Adhoc Disallowance Sustained
Income Tax : The Tribunal held that complete disallowance was excessive despite lack of full documentation. It allowed 50% deduction considerin...
Seized Cash Explained from Past Records: ITAT Grants Major Relief, Sustains Only Unproved Portion
Income Tax : The Tribunal held that cash disclosed in earlier returns can explain seized cash. It restricted addition to the unexplained portio...
Reopening Invalid for Want of Proper Approval – ITAT Quashes U/s 148 Notice
Income Tax : The Tribunal invalidated reopening as the AO obtained approval from the wrong authority. It held that compliance with Section 151 ...
Latest Notifications
Drawback Allowed as SEZ to DTA Supply Treated as Import Under Law: CBIC
Custom Duty : CBIC clarified that goods moving from SEZ to DTA are deemed imports. Hence, re-export of such goods qualifies for drawback under S...
Central Government Pensioners’ Dearness Relief Raised to 60% from 1st Jan, 2026
Corporate Law : The issue concerns revision of Dearness Relief rates for pensioners. The government increased DR from 58% to 60% effective January...
FDI Company Profits Rise Despite Slower Sales Growth Due to Lower Interest Costs: RBI
Fema / RBI : RBI data shows profit after tax increased despite moderation in sales growth. Lower interest expenses and higher non-operating inc...
RBI cancels Licence of Paytm Payments Bank Limited – Read Manamgment Disclosure
Fema / RBI : The case addresses cancellation of a banking licence for non-compliance with statutory conditions. The regulator held that continu...
RBI Issues Draft PPI Rules to Strengthen Digital Payment Security Framework
Fema / RBI : RBI released draft PPI Directions, 2026 to enhance security, governance, and operational clarity. The key takeaway is stricter com...
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FAQs
Understand the mandatory GST compliances when closing a business, including return filing and tax on stock. The guidance clarifies liability calculation and procedural requirements.
The scheme provides a last opportunity for defaulting companies to file pending returns and financial statements with reduced penalties. It emphasizes that failure to comply within the window may lead to strict regulatory action, including strike-off.
This explains why operating a payment system without RBI approval is prohibited under law. The framework ensures only compliant and vetted entities can handle financial transactions, safeguarding systemic integrity.
Overview of the Constitution (106th Amendment) Act, 2023 covering women’s reservation in Parliament and Assemblies, its scope, timeline, and conditions.
The issue concerns alternative settlement mechanisms for international trade. The framework allows INR-based transactions with flexible usage and repatriation of funds.
