Latest Articles
Empowering CoC: Irrevocable Decision to Liquidate Under Section 33(2) of IBC
Corporate Law : NCLAT held that the CoC may decide to liquidate a corporate debtor under Section 33(2) before inviting resolution plans, with limi...
Can a Company Start Business Immediately After Incorporation? Think Again!
Company Law : A company with share capital cannot commence business or borrow funds until Forms INC-20A and INC-22 are filed. Section 10A non-co...
Condonation of Delay in Filing Appeals under Section 112 before GSTAT
Goods and Services Tax : Section 112 prescribes strict timelines for GSTAT appeals, with limited power to condone delay. Taxpayers must file within the sta...
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...
Latest News
ICAI CA Exam Prep: Sessions for September 2026 Foundation
CA, CS, CMA : ICAI has announced 'Success at CA Exam' sessions for CA Foundation September 2026 students. The sessions will provide subject-wise...
Mock Test Papers Series I & II for September 2026 CA Foundation Exam
CA, CS, CMA : ICAI has released the schedule for CA Foundation September 2026 Mock Test Papers Series I and II. Students can participate in phys...
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,...
Latest Judiciary
Reasoned justice prevails: ITAT Mumbai sets aside CIT(A)‘s Non Speaking Order
Income Tax : ITAT remanded the matter after holding that the CIT(A) passed a non-speaking order without giving reasons or properly considering ...
Power of Attorney Holder Cannot Prove Plaintiff’s Readiness & Willingness: SC
Corporate Law : Supreme Court held that a Power of Attorney holder cannot depose on matters requiring the plaintiff's personal knowledge, includin...
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 ...
Latest Notifications
DGFT Extends RELIEF Scheme Timeline Until 30th September 2026
DGFT : DGFT has extended the eligibility period under Component II of the RELIEF intervention until 30 September 2026. The amendment supp...
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...
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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.
