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Representation for Streamlining Sections 12AB and 80G Registration & Renewal

January 8, 2026 4941 Views 1 comment Print

The representation highlights large-scale pendency and administrative bottlenecks under Sections 12AB and 80G, urging immediate reforms to ensure timely and fair processing.

Fearless Judges Bedrock of Democracy, Can’t Be Penalised for Error of Judgment: SC

January 8, 2026 2067 Views 0 comment Print

SC held that disciplinary action cannot be taken against judges solely for alleged errors in judicial orders. Ruling underscores that independence and fearlessness of trial judges are vital to rule of law.

ICAI Extends CPE Hours Submission for Calendar Year 2024 to 31st May 2025

January 8, 2026 24888 Views 0 comment Print

The deadline for completing mandatory CPE hours for 2025 has been extended by three months. Members get additional time to comply without triggering non-compliance consequences.

RBI Proposes Mandatory Cooling-Off Period for Co-operative Bank Directors

January 8, 2026 3471 Views 0 comment Print

Draft governance amendments mandate a three-year cooling-off period after 10 years of continuous directorship to curb tenure circumvention and strengthen board independence.

Retired Employees Protected From Unauthorized Recovery Orders: SC

January 7, 2026 825 Views 0 comment Print

The Supreme Court ruled that departmental proceedings initiated after superannuation were invalid due to absence of an enabling provision in service regulations. The key takeaway is that disciplinary jurisdiction ends at retirement unless expressly preserved by law.

Section 21 Notice Only Fixes Limitation, Not Arbitral Jurisdiction: SC

January 7, 2026 831 Views 0 comment Print

The Supreme Court held that failure to issue a Section 21 notice does not invalidate arbitration where parties intended to arbitrate all disputes. The ruling clarifies that Section 21 is procedural, not jurisdictional.

Conviction of Tax Assistant Sustained for Bribe for Processing Income Tax Refund

January 7, 2026 456 Views 0 comment Print

Patna High Court held that judgement of conviction of Tax Assistant for accepting bribe to process income tax refund and order of sentence is justified and legal since the prosecution has proved all core points of prosecution story.

Criminal Prosecution for Bribery Survives Despite Departmental Exoneration: SC

January 7, 2026 501 Views 0 comment Print

The Supreme Court held that criminal prosecution for bribery can continue where departmental exoneration was based on procedural gaps. The key takeaway is that only a merits-based exoneration destroying the offence can bar prosecution.

Student Not Liable for University Clerical Error in Records: SC

January 7, 2026 675 Views 0 comment Print

The Supreme Court ruled that withholding mark sheets and degree for a clerical mismatch is unjustified. Universities must correct their errors without harming students’ careers.

Auditor–Board Communication Failures: NFRA issues Compliance Warning

January 7, 2026 5901 Views 0 comment Print

NFRA held that weak, undocumented communication between auditors and governance bodies violates auditing standards and governance duties, requiring structured two-way engagement.

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