Latest Articles
Advocate’s Refusal to Defend: Professional Misconduct?
Corporate Law : Explains when a lawyer’s refusal crosses into professional misconduct, especially in cases of discrimination or collective boyco...
Bogus Purchase vs Non-Genuine Purchase in Income Tax: Key Differences, Case Laws & Tax Impact
Income Tax : The issue concerns how purchase classification affects tax treatment. The key takeaway is that bogus purchases lead to full disall...
Essentials of Audit And Accounting In A Company/Organisation
Finance : The issue highlights the distinction between accounting and auditing functions. The key takeaway is that independent audits ensure...
RSP-based Valuation under GST: Constitutional Limits & Structural Incompatibility
Goods and Services Tax : The issue concerns taxing goods based on retail price instead of actual transaction value. It highlights that such valuation lacks...
HC Awards ₹10 Lakh Compensation For Failure To Furnish Arrest Grounds in Writing
Corporate Law : The case addressed whether arrest without written grounds violates constitutional safeguards. The Court held the arrest illegal an...
Latest News
Direct Tax Collections for F.Y. 2025-26 as on 31.03.2026
Income Tax : The data shows a steady increase in net direct tax collections driven by higher corporate and non-corporate tax revenues. It highl...
SEBI Proposes Amendments as Existing Rules Conflict with RBI Securitisation Directions
SEBI : SEBI suggests relaxing concentration limits for RBI-regulated entities. This change aims to enable listing of single-asset securit...
ICAI Releases Draft Auditor Panel for Co-operative Banks
CA, CS, CMA : The issue involves publication of the draft panel for statutory auditor appointments. ICAI has released the list based on existing...
ICAI Seeks Feedback on May 2026 CA Exams
CA, CS, CMA : Candidates can raise concerns regarding exam papers through email or post. The Institute will consider only properly submitted res...
ICSI First Bi-Annual Eastern Region Convocation of Fy 2026-2027
Company Law : The issue concerns eligibility and participation rules for the convocation. ICSI has clarified that members who do not attend will...
Latest Judiciary
Delhi HC Set Aside Anti-Profiteering Order Due to Need for Fresh Examination of Facts
Goods and Services Tax : The issue involved alleged failure to pass on input tax credit benefits. The Court set aside the order and remanded the matter for...
Delhi HC Grants Interim Relief as GSTAT Exceeded Scope of Remand Order
Goods and Services Tax : The issue concerned whether the tribunal acted beyond the High Court’s earlier remand directions. The Court granted interim prot...
Section 271(1)(c) Penalty Cannot Be Imposed for Valuation Differences Without Proof of Inaccuracy: SC
Income Tax : The Supreme Court held that mere differences in property valuation do not amount to furnishing inaccurate particulars. Penalty und...
LTCG Addition Deleted as Assessee Proved Genuine Investment Activity Through Evidence
Income Tax : The Tribunal held that consistent investment history and documentary proof established genuineness of share transactions. Addition...
GST Order Quashed as Penalty Not Mentioned in DRC-01 Form: Allahabad HC
Goods and Services Tax : The Court set aside the order because the penalty was not disclosed in the statutory Form DRC-01. It held that demands must be cle...
Latest Notifications
₹2000 Notes Withdrawal Near Completion as 98.47% Currency Returned to RBI
Fema / RBI : The RBI confirmed that nearly all ₹2000 banknotes have been returned since the 2023 withdrawal announcement. With only a small f...
Penalty Set Aside as Company Proves Separate Bank Account Compliance
Company Law : The appellate authority found that the company complied with private placement provisions by safeguarding funds in a separate acco...
Private Placement: No Penalty on Separate Bank Account Compliance
Company Law : The issue involved alleged violation in handling share application money under company law. The ruling held that maintaining funds...
ROC Set Aside Penalty Due to Proof of Proper Use of Separate Bank Account for Share Money
Company Law : The issue involved alleged misuse of share application funds under company law provisions. The authority ruled that compliance was...
Customs Relief Extended Due to Strait of Hormuz Disruptions Impacting Maritime Trade
Custom Duty : The circular addresses continued trade challenges caused by maritime disruptions. The Board extended the validity of multiple faci...
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FAQs
The update addresses regulatory relief for NBFCs without public funds or customer interface. It allows eligible entities to operate without registration while ensuring continued oversight and compliance safeguards.
The issue concerns regulatory burden on smaller NBFCs without systemic risk exposure. The RBI introduced exemption for such entities under “Unregistered Type I NBFCs.” The key takeaway is that low-risk NBFCs may operate without registration subject to strict conditions.
The issue concerns delays in pension credit caused by banks. The guidelines mandate 8% interest compensation for such delays. The key takeaway is that banks are accountable for timely pension payments.
The circular addresses uncertainty in FLA reporting FAQs under FEMA. It directs institutions to pause action until regulatory clarity is achieved, ensuring compliance consistency.
RBI clarified that the Digital Rupee is legal tender with features similar to physical cash. It enables secure, instant, and fee-free transactions through digital wallets.
