Latest Articles
ITC Cannot Be Denied for Supplier’s Failure to Pay GST: Gauhati HC
Goods and Services Tax : The Gauhati High Court held that a bona fide purchaser cannot be denied Input Tax Credit merely because the supplier failed to dep...
GST Arrest Illegal Due to Missing Grounds & CBIC-DIN in Arrest Memo: Allahabad HC
Goods and Services Tax : The Allahabad High Court ruled that a GST arrest was illegal because the arrest memo lacked specific grounds, omitted the place of...
Media Should Refrain From Describing An Accused By Labels: Patna HC
Corporate Law : The Patna High Court held that media must avoid labels implying guilt before a trial concludes. It directed news platforms to rest...
Analysis of Notifications and Circulars for Week Ending 28th June 2026
CA, CS, CMA : Explore the major notifications, circulars, and judicial developments issued during 22–28 June 2026, covering Income Tax, GST, R...
Income Tax Rule 46(8): Mandatory Daily Backup of Electronic Books of Accounts
Income Tax : Rule 46(8) mandates daily backups of electronic books on servers located in India, strengthening digital tax compliance and data i...
Latest News
Company Secretaries Should Be Eligible for CPSE Director Posts: ICSI
Company Law : ICSI has urged PESB to recognize Company Secretaries as eligible for Board-level and Functional Director positions in CPSEs. The r...
FAQs on Index of Services Production – Trial Indices with Base year 2024 -25
Corporate Law : MoSPI will introduce the Index of Services Production (ISP) to measure short-term changes in the formal services sector. The month...
ICAI Launches AI Innovation Summit 2026 to Accelerate AI Skills for CAs
CA, CS, CMA : ICAI inaugurated AIS 2026 to strengthen AI adoption in the accounting profession through advanced certifications, AI publications,...
ICSI Seeks DRT Appearance Rights as CS Handle Complex Debt Recovery Matters
Company Law : ICSI has urged the Government to amend the law to allow Company Secretaries in Practice to appear before DRTs and DRATs. It argues...
ICSI Seeks Action against Eligible Companies Failed to Appoint Whole-Time CS
Company Law : ICSI has urged the MCA to ensure eligible companies comply with Section 203 by appointing Whole-time Company Secretaries. The repr...
Latest Judiciary
Delayed Form 10B Filing Not a Ground to Reject Section 11 Exemption: ITAT Jaipur
Income Tax : ITAT Jaipur held that exemption under Section 11 cannot be denied merely because Form 10B was filed late when it was already avail...
Customs Seizure Upheld as Reasonable Belief Existed Under Section 110: Gauhati HC
Custom Duty : Gauhati High Court upheld Customs' seizure of areca nuts, holding that objective circumstances established the statutory reason to...
Bombay HC Admits AMP & Doctors’ Payment Issues as They Raise Substantial Questions of Law
Income Tax : Bombay HC admitted the Revenue's appeal on AMP expenditure and payments to doctors, holding both require judicial examination. It ...
CGST Section 74 Cannot Be Invoked Without Opportunity to Prove Genuine Supply: Madras HC
Goods and Services Tax : The Madras High Court held that Section 74 cannot be invoked without allowing the assessee to produce evidence establishing genuin...
Madras HC Remands Assessment, Halts Seigniorage Tax Recovery Pending SC Verdict
Goods and Services Tax : The Madras High Court quashed a GST assessment on seigniorage fees after finding that the taxpayer's reply was ignored. It remande...
Latest Notifications
RBI Drafts New Money Market Rules to Boost Liquidity & Expand Participation
Fema / RBI : RBI has released draft Master Directions for Call, Notice and Term Money Markets to increase liquidity, widen market participation...
RBI Issues Draft Master Direction to Consolidate Govt Securities Market Rules
Fema / RBI : RBI has released draft Directions consolidating existing rules governing secondary market transactions in Government securities in...
RBI Issues Draft Guidance on Regulatory Principles for Model Risk Management
Fema / RBI : RBI has proposed a comprehensive regulatory framework for managing risks arising from traditional and AI/ML models used by regulat...
GST Proceedings Valid Despite Jurisdiction Change Due to Business Migration
Goods and Services Tax : CBIC clarified that proceedings validly initiated before a taxpayer's jurisdiction changes remain legally valid. The new jurisdict...
CBDT Grants Five-Year Scientific Research Recognition to Public Health Foundation
Income Tax : CBDT has approved a scientific research institution under the Income-tax Act, 2025 for tax years 2026-27 to 2030-31. The notificat...
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FAQs
MoSPI will introduce the Index of Services Production (ISP) to measure short-term changes in the formal services sector. The monthly indicator will complement the IIP and improve economic monitoring and policymaking.
Learn who can apply for an advance ruling, applicable fees, withdrawal rules, and its binding effect under the Income-tax Act. The guide also explains the transition from AAR to the Board for Advance Rulings and the e-Advance Ruling Scheme.
The document clarifies that a director’s resignation becomes effective upon receipt by the company or the specified future date, without requiring Board approval. It also explains the statutory compliances and continuing liabilities after resignation.
Understand who must undergo a tax audit under Section 44AB, the applicable turnover limits, audit forms, filing procedure, due date, and penalties for non-compliance. This guide explains the key compliance requirements for businesses and professionals.
Learn how different types of income tax assessments are conducted under the Income-tax Act. The FAQs explain assessment procedures, notices, timelines, reassessment provisions, and taxpayer remedies.
