Latest Articles
Revisiting Grandfathering under GAAR: Rule 10U Amendment and Its Impact on Tiger Global
Income Tax : CBDT’s 2026 amendment strengthens grandfathering protection for investments made before the commencement of GAAR. The clarificat...
Karnataka HC Protects Genuine Buyers from ITC Denial Due to Supplier Default
Goods and Services Tax : The Court clarified that an NGTP or non-genuine taxpayer tag is only a risk indicator and not conclusive proof against buyers. Aut...
Gujarat HC Upholds ITC Denial on Supplier Default
Goods and Services Tax : Gujarat HC upheld Section 16(2)(c) of the CGST Act, allowing denial of ITC where suppliers fail to deposit GST with the government...
Bombay HC Orders ITC Unblocking as Rule 86A Restriction Expired After One Year
Goods and Services Tax : The Court held that blocking of the electronic credit ledger under Rule 86A cannot continue beyond the statutory one-year period. ...
TDS Never Sleeps: How Form 26AS Triggers Tax Scrutiny
Income Tax : The Tribunal held that TDS entries appearing in Form 26AS are sufficient material for reopening assessments when no return is file...
Latest News
SEBI Proposes OBPP Reforms to Ease Business and Expand Product Offerings
SEBI : The consultation paper proposes allowing OBPPs to offer products regulated by IFSCA. It aligns with broader efforts to enhance cro...
SEBI Proposes Extending Early Pay-In Benefit to Options Due to Stakeholder Demand
SEBI : The consultation paper issued by Securities and Exchange Board of India seeks public comments on a draft circular proposing to ext...
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...
Latest Judiciary
ITAT Deletes Section 271D Penalty as Cash Sale Consideration Is Not Covered by Section 269SS
Income Tax : The ITAT ruled that penalty proceedings under Section 271D are invalid if the Assessing Officer fails to record satisfaction in as...
ITAT Deletes On-Money Addition Due to Lack of Corroborative Evidence
Income Tax : The ITAT Hyderabad held that additions for alleged cash payments cannot be sustained merely on the basis of third-party seized doc...
GST Confiscation Proceedings Quashed as Stock Discrepancy Must Be Examined Under Sections 73/74
Goods and Services Tax : The case involved GST proceedings initiated after alleged excess stock was found during a factory survey. The Court held that Sect...
Customs Broker Cannot Be Penalised Merely for Non-Physical Verification of Client Address
Custom Duty : High Court held that customs regulations require verification through reliable documents and data, not mandatory physical inspecti...
Political Donation Reassessment Notice Quashed as Issued by Wrong Authority
Income Tax : The Tribunal held that notice under Section 148 was invalid as it was issued by an officer lacking jurisdiction. It relied on CBDT...
Latest Notifications
PFRDA Aligns NPS Investments with SEBI Rules as Insider Trading Regulation Falls Under SEBI Domain
Corporate Law : The circular clarifies that SEBI regulations on insider trading, self-dealing, and front running will apply to all NPS investment ...
Revision of withdrawal limit for Aadhaar authenticated (e-KYC) transactions without voucher
Finance : The Department of Posts revised the limit for voucher-free Aadhaar-authenticated withdrawals from ₹5,000 to ₹20,000. The move ...
SEBI Issues AI Cybersecurity Advisory Because Advanced AI Tools Increase Vulnerability
SEBI : SEBI warned that AI-driven tools like Mythos can rapidly identify and exploit cybersecurity weaknesses across the securities marke...
SEBI Defines ‘Significant Indices’ Based on ₹20,000 Crore Mutual Fund AUM Threshold
SEBI : SEBI released an official list of Significant Indices that includes major benchmarks such as Nifty 50, Nifty Bank, and Sensex. Ind...
Company & Directors Penalized by ROC for Extending Rights Issue Beyond Permissible Period
Company Law : The ROC imposed penalties after a company extended its rights issue offer period following requests from promoter shareholders. Th...
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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.
