Latest Articles
Section 44ADA for Professional Partners: The Ranu Gupta Controversy
Income Tax : Presumptive Taxation for Professional Partners: Analysing the Ranu Gupta Decision and the Unresolved Controversy Under Section 44A...
Genuine ITC Cannot Be Denied for Supplier Default or Retrospective Cancellation Alone: Allahabad HC
Goods and Services Tax : Allahabad HC held genuine ITC cannot be denied solely due to supplier default or retrospective cancellation where transaction reco...
Commercial Renting Under RCM: Do suppliers need to take GST registration?
Goods and Services Tax : Article discusses GST registration for commercial renting under RCM, Section 22 threshold, Notifications 09/2024, 5/2017, 24/2024 ...
Paper Leaks in Competitive Exams: Causes, Challenges & Suggested Reforms
Corporate Law : Article examines persistent exam paper leaks, their causes, impact on students, and suggests technology, stricter enforcement, eth...
Section 16(6) Relief on Revoked GST Registration Does Not Extend to ITC Recipients
Goods and Services Tax : Article explains Section 16(6), retrospective GST registration cancellation, its effect on ITC recipients, Section 16(4) time limi...
Latest News
Govt Expands FTAs, Export Promotion Measures to Diversify Export Markets
Corporate Law : Government outlines FTAs, Export Promotion Mission, e-commerce export reforms and logistics initiatives to diversify export market...
No Proposal to Scrap LTCG Tax, Govt Clarifies FPI G-Sec Tax Exemption
Income Tax : Finance Ministry reports LTCG tax revenue, clarifies FPI Government Securities tax exemption from 1 April 2026, and says no LTCG r...
ED Investigating Bihar Tender Mafia Case, ₹68.09 Crore Assets Attached
Corporate Law : Finance Ministry states ED is investigating under PMLA, has attached ₹68.09 crore in properties and shared information with Biha...
Government Says No Review Yet of 5% GST on Hotels After Rate Cut
Goods and Services Tax : Finance Ministry says no review has been conducted on the 5% GST rate for hotel accommodation and no proposal is pending before th...
Technical Glitches on E-Filing Income Tax Portal
Corporate Law : Finance Ministry outlines CBDT e-Filing portal upgrades, peak filing readiness and contractual penalties imposed on the Managed Se...
Latest Judiciary
Bengaluru ITAT: Absence of Fire and Structural Safety Certificates Justified Rejection of Section 12AB Registration; Remanded After Subsequent Compliance
Income Tax : Bengaluru ITAT restored section 12AB and consequential section 80G applications after the trust produced fire and structural safet...
Mumbai ITAT: Absence of Irrevocability Clause in Trust Deed Alone Cannot Justify Rejection of U/s 12AB Registration
Income Tax : Mumbai ITAT restored a section 12AB registration application, holding absence of an irrevocability clause alone cannot justify rej...
Mumbai ITAT: Interest Under Sections 234B & 234C Excluded While Computing Tax Effect; Revenue’s Appeal Dismissed as Below Monetary Limit
Income Tax : Mumbai ITAT held sections 234B and 234C interest must be excluded from tax effect, dismissing the Revenue's appeal as below the CB...
Mumbai ITAT: Repayment of Earlier Loan Through Banking Channel Cannot Be Taxed as Unexplained Cash Credit Under Section 68
Income Tax : Mumbai ITAT deleted a ₹6.50 lakh section 68 addition, holding repayment of an earlier bank-transferred loan cannot be treated as...
Appellate Authority Cannot Pass “Copy-Paste” GST Orders: Rajasthan HC
Goods and Services Tax : Rajasthan HC stayed GST orders after observing the appellate order substantially reproduced the Order-in-Original and sought the a...
Latest Notifications
ROC Pune Imposes ₹2.5 Lakh Penalty for Filing PAS-3 Without Loan Agreement
Company Law : ROC Pune imposed ₹50,000 penalty each on a company and four officers for PAS-3 filing lapses under Section 39(5) of the Companie...
ROC Pune Imposes ₹128000 Penalty for Physical Share Allotment Instead of Demat
Company Law : ROC Pune imposed penalties for issuing shares in physical form instead of demat under Section 29(1)(A) read with Rule 9A and Secti...
ROC Pune Imposes ₹6,50,000 Penalty for Delay in Charge Registration
Company Law : ROC Pune imposed penalties under Section 86 for non-compliance with Sections 71 and 77 relating to delayed charge registration and...
ROC Patna Imposes ₹90000 Penalty for Non-Display of Company Name Board
Company Law : ROC Patna imposed ₹30,000 penalty each on a company and two directors for non-compliance with Section 12(3)(a) of the Companies ...
ROC Mumbai Imposes Penalty for Incorrect Shareholder List in Form MGT-7A
Company Law : ROC Mumbai II imposed a ₹5,000 penalty under Section 450 for attaching an incorrect shareholder list with Form MGT-7A for FY 202...
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FAQs
RBI FAQ explains FLA Return applicability, FLAIR filing process, ₹7,500 late fee, IFSCA reporting, provisional filing, and due date of 31 July 2026.
Know the FLA Return filing requirement under FEMA, due date, FLAIR portal process, reporting rules, revisions and key compliance requirements.
FAQ document explains SIT status, possible CBI/ED investigations, relevant BNS provisions, PMLA aspects, and investigative framework for alleged donation theft.
PIB issues a detailed FAQ on the Ethanol Blended Petrol Programme covering policy evolution, E20 rollout, vehicle compatibility, pricing and global practices.
NSE FAQs explain Regulation 42 Record Date filing, NEAPS submission, timelines, rights issue requirements and compliance under SEBI (LODR) Regulations.
