Latest Articles
SC Order Settled the issue of Taxability of International Software Supply Transactions?
Income Tax : The Supreme Court dismissed the Revenue's review petitions and reiterated that payments for off-the-shelf software do not constitu...
Gauhati HC Quashes GST Registration Cancellation as REG-31 Notice Was Not Issued
Goods and Services Tax : The Court held that cancellation proceedings for Rule 10A violations must be initiated through FORM GST REG-31, which grants thirt...
ITC on Factory Canteen Services Allowed Only for Employer-Borne Cost of Regular Employees
Goods and Services Tax : The Karnataka AAR held that ITC on statutory canteen services is available only to the extent of expenses actually borne by the em...
Why every Tax Professional must learn Artificial Intelligence (AI)?
CA, CS, CMA : Artificial Intelligence is transforming the tax profession by streamlining research, drafting, and compliance processes. The key t...
Plagiarism in Indian Cinema Industry & Legal Challenges
Corporate Law : The article explores how script theft and missing credits have emerged as significant concerns in India's entertainment sector. It...
Latest News
IFSCA FinTech Sandbox Framework, 2026: FAQs
Finance : The IFSCAs updated framework supersedes previous sandbox regulations and establishes a unified regime for FinTech testing in IFSCs...
ICAI Virtual Classes for CA Intermediate: May 2027, Sept 2027 & Jan 2028 Exams
CA, CS, CMA : ICAI has unveiled a detailed schedule of virtual classes designed to assist students appearing in upcoming CA Intermediate examina...
Representation on procedural issues in filing of appeals before GSTAT
Goods and Services Tax : The Rajasthan GSTAT Bar has urged the Tribunal to adopt a pragmatic approach by accepting pre-deposits made through the Electronic...
SEBI Proposes Consolidated AMC Pay Disclosures to Balance Transparency & Privacy
SEBI : SEBI has proposed replacing name-wise executive remuneration disclosures with consolidated disclosures for AMCs. The move seeks to...
CA Final Live Virtual Classes for May 2027 and November 2027 Examinations
CA, CS, CMA : ICAIs Board of Studies has announced free Live Virtual Classes for CA Final students appearing in May and November 2027 examinatio...
Latest Judiciary
CAAR Rejects Motherboard Classification for CKD Kits as Essential Character Test Was Not Met
Custom Duty : CAAR Mumbai held that CKD kits comprising discrete electronic components could not be classified as motherboards under CTH 8473 30...
Orissa HC Directs GSTAT Appeal as Tribunal Became Functional & Filing Timelines Were Extended
Goods and Services Tax : The Court held that writ petitions need not continue once the GSTAT becomes operational and statutory appeal timelines are availab...
Can Service Tax Be Levied on What a Company Pays Its Own Overseas Offices?
Service Tax : CESTAT Delhi held that overseas liaison offices functioning merely as communication channels cannot be treated as separate service...
Sales Accepted, Books Not Rejected: ITAT Cuts Bogus Purchase Addition to 5%
Income Tax : The Tribunal held that a 12.5% disallowance could not be sustained when the Assessing Officer neither rejected the books of accoun...
Part Payment Through Bank Does the Trick: ITAT Deletes Section 56(2)(vii) Addition Despite 7-Year Gap in Registration
Income Tax : Despite a significant gap between the agreement and registration dates, ITAT granted relief under the first and second provisos to...
Latest Notifications
IBBI Tightens CIRP Rules to Enhance Transparency in Resolution Decisions
Corporate Law : The Fourth Amendment Regulations, 2026 require committees of creditors to document the rationale behind approving resolution plans...
Countervailing Duty on Aluminium Wire Extended up to 23 March 2027
Custom Duty : Government extends countervailing duty on aluminium wire/wire rod imports from Malaysia up to 23 March 2027 through Notification N...
Anti-Dumping Duty on Aluminium Foil Extended up to 15th December 2026
Custom Duty : Government extends anti-dumping duty on aluminium foil from China, Malaysia, Thailand and Indonesia up to 15 December 2026. Notifi...
Government Waives AIDC on Higher Ethanol-Blended Petrol
Excise Duty : Notification No. 29/2026-Central Excise grants Nil Agriculture Infrastructure and Development Cess on E22, E25, E27 and E30 petrol...
CBIC notifies Nil Road and Infrastructure Cess on E22 to E30 Petrol
Excise Duty : Notification No. 28/2026-Central Excise exempts E22, E25, E27 and E30 petrol blends from additional excise duty in the form of Roa...
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FAQs
The IFSCAs updated framework supersedes previous sandbox regulations and establishes a unified regime for FinTech testing in IFSCs. It aims to promote innovation while maintaining regulatory oversight.
Permanent Account Number (PAN) serves as a unique identifier enabling the Income-tax Department to track tax payments, returns, TDS/TCS credits, and specified financial transactions of taxpayers. The Income-tax Act mandates obtaining and quoting PAN for various persons and high-value transactions, while also prohibiting possession of multiple PANs and prescribing penalties for non-compliance.
CDSCO registration is required for importing, manufacturing, or marketing regulated healthcare products in India. The approval ensures compliance with safety, quality, and regulatory standards.
The FAQ clarifies that the Companies Act, 2013 does not restrict adjournment of a duly convened and commenced AGM. An adjourned AGM is treated as a continuation of the original meeting rather than a fresh meeting.
This FAQ examines the statutory authorities empowered to convene an Extraordinary General Meeting under the Companies Act, 2013. It explains when the Board, requisitionists, members, directors, or NCLT can validly step in to ensure corporate governance continues.
