Latest Articles
Section 122 CGST: Proper Officer, Jurisdiction & Validity of Proceedings
Goods and Services Tax : The analysis highlights that Section 122 of the CGST Act lacked designated “proper officers” until Circular 254/11/2025-GST. P...
Karnataka HC Set Aside ITC Reversal for Not Following Circular 183 on GSTR-3B vs 2A Mismatch
Goods and Services Tax : The High Court ruled that GST authorities must mandatorily apply Circular No. 183/15/2022-GST before disallowing ITC due to return...
No ITC Reversal Required on Post-Sale Discounts if GST Paid via Debit Note: Gujarat HC
Goods and Services Tax : The High Court ruled that buyers are not legally required to reverse ITC merely due to seller-issued discount credit notes. Rectif...
Finance Bill 2026 Clarifies Who Can Issue Reassessment Notices Under Section 148
Income Tax : The proposed Section 147A retrospectively defines the “Assessing Officer” for Sections 148 and 148A, aiming to resolve High Co...
SC Issues Guidelines for Mandatory Disclosure of Criminal Antecedents in Bail Applications
Corporate Law : The Court set aside bail after finding concealment of criminal history and ignored evidence of forged qualifications. It laid down...
Latest News
IFSCA Approves Draft Pension Fund Regulations 2026 for IFSC
Finance : IFSCA has approved a new pension fund framework allowing voluntary retirement schemes in IFSC. The draft regulations aim to create...
IFSCA GIC Regulations 2025: Key FAQs on Registration, Models & Compliance
Finance : The Authority clarifies application process, operating models, service limits, and compliance obligations under the new GIC Regula...
ICAI Elects New President and Vice-President for 2026–27 Term
CA, CS, CMA : The 26th Council of ICAI has elected new leadership effective February 12, 2026. The announcement marks the beginning of the 2026...
Draft- RBI [Rural Co-operative Banks – Kisan Credit Card (KCC) Scheme] Directions, 2026
Fema / RBI : The draft norms introduce a structured six-year Kisan Credit Card facility covering crop, allied and investment credit. Limits are...
Draft RBI (Housing Finance Companies) Amendment Directions, 2026
Fema / RBI : RBI has amended Housing Finance Company directions to align advertising and sales norms with NBFC Responsible Business Conduct rul...
Latest Judiciary
TDS Applicable on Annual Lease Rent to Development Authority: Delhi HC
Income Tax : The Court reaffirmed that lease rent paid for use of land qualifies as “rent” under Section 194I. Revenue’s appeals were dis...
Anti-Profiteering Complaint Dismissed After Re-Investigation Shows No ITC Gain
Goods and Services Tax : Pursuant to High Court observations and fresh investigation, GSTAT held that the developer did not gain additional ITC benefit war...
GSTAT Remands Case as Section 74 Not Sustainable Due to Absence of Fraud
Goods and Services Tax : GSTAT held that proceedings under Section 74 could not be sustained in absence of fraud or suppression and remanded the matter for...
Three-Month Gap Between GST SCN and Order Mandatory: Bombay HC
Goods and Services Tax : The Court held that Section 73 requires a minimum three-month gap between show cause notice and final order. Orders passed within ...
Summary DRC-01 and DRC-07 Without Reasons Invalid Under Section 75(6) Calcutta HC
Goods and Services Tax : The High Court ruled that GST adjudication orders must contain detailed facts and reasons. Summary notices and orders lacking part...
Latest Notifications
IFSCA Notifies Net Worth Certificate Format & GAP Audit Checklist
Finance : IFSCA has prescribed a standard Net Worth Certificate format and detailed audit checklist for Global Access Providers. GAPs must s...
IRDAI Clarifies Rules for Insurers Investing in AIFs with Excusal Rights
Corporate Law : IRDAI has issued key clarifications allowing insurers to invest in AIFs using SEBI-compliant Excusal Rights, provided funds are no...
IRDAI clarifies on Insurers’ Investment in AIFs with Excusal Rights under Section 27E
Corporate Law : IRDAI Circular dated 12 February 2026 clarifies insurers’ investments in AIFs with Excusal Rights under Section 27E of the Insur...
Public Authority Not Liable to Provide Information Outside Its Domain: IBBI RTI Authority
Corporate Law : The appellate authority held that information can be disclosed only if it is held or controlled by the public authority. As the re...
RBI Revised Kisan Credit Card (KCC) Scheme
Fema / RBI : The RBI has issued draft guidelines extending the Kisan Credit Card tenure to six years and aligning drawing limits with actual cu...
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FAQs
The Authority clarifies application process, operating models, service limits, and compliance obligations under the new GIC Regulations. The 2025 framework replaces the earlier 2020 regime.
RBI advises public to check NBFC registration & authorization before depositing. Verify on RBI website & be cautious of high returns.
Indias Digital Rupee is a legal-tender digital form of cash issued by the central bank. The key takeaway is that it combines cash-like features with instant digital settlement and zero usage fees.
The FAQs explain revised Baggage Rules, 2026, enhancing duty-free limits, simplifying transfer of residence, and clarifying passenger categories to reduce disputes and speed up airport clearance.
Explains how Budget 2026–27 restructures tax provisions to reduce compliance burden and improve taxpayer experience. Highlights key exemptions, procedural simplifications, and enforcement rationalisation.
