Major regulatory developments across Income Tax, GST, Customs, RBI, and SEBI were released during the week. The updates include crypto reporting rules, important court decisions, and new digital fraud protection proposals.
This article explains the five most frequent issues arising in modern income tax assessments, including unexplained cash deposits, Section 68 credits, data mismatches, cash transaction penalties, and non-compliance with notices.
This article explains how Internal Committees under the POSH Act should handle harassment complaints, including evidence collection, neutrality checks, and drafting legally sound investigation reports.
The Maharashtra Budget 2026–27 emphasizes welfare schemes, infrastructure development, and agricultural relief. Major announcements include power bill waivers for farmers and large investments in transport and rural development.
The court held that auction sale of a partially constructed building on an “as-is-where-is basis” is a transfer of immovable property. Such transactions fall under Schedule III of the CGST Act and are not subject to GST.
A detailed numerical illustration shows how the Cost Plus Method determines ALP for manufacturing transactions. The transfer price exceeded the permissible tolerance range, resulting in a transfer pricing adjustment.
Courts clarify that input tax credit cannot be denied merely because a supplier’s GST registration was cancelled retrospectively. Authorities must examine the genuineness of the buyer’s transactions and supporting documents.
RBI’s draft directions introduce stronger customer protection for electronic banking fraud, including both unauthorized and authorised-but-fraudulent transactions. The new framework shifts the burden of proof to banks and introduces a compensation mechanism.
Explains how GST applies to under-construction properties while completed properties remain outside its scope. The article highlights key GST rates, compliance rules, and their impact on developers and homebuyers.
The Supreme Court expressed strong disappointment over repeated adjournments of bail applications and stressed that matters involving personal liberty must be prioritized and decided promptly.
