The court held that Ombudsman’s finding of customer negligence was unsustainable and directed bank to refund disputed amount. The ruling clarifies that refund may be ordered when adjudication fails to consider material records.
Court ruled that protections under the RBI Circular apply only to third-party breaches and cannot be invoked to recast personal transactions as fraud. Since bank records showed the petitioners’ own involvement, the writ was dismissed.
The Tribunal held that receipts on surrender of tenancy rights were capital in nature and not taxable under section 56(2)(x). It ruled that such receipts qualify for capital gains treatment and related exemptions.
In December 2025, India witnessed one of the most chaotic aviation disruptions in recent memory when IndiGo—India’s largest airline by market share—suddenly plunged into operational disorder. What began as a set of minor delays quickly escalated into a full-blown national aviation crisis, with more than 1,000 flights cancelled, thousands stranded across airports, regulatory intervention, political […]
The Court held that leasing a residential building used as a hostel for students and professionals falls within “renting of residential dwelling for use as residence.” It ruled that GST exemption applies even if the lessee does not personally reside there.
Explains how ITAT Pune held that unsecured loans prior to 01.04.2023 do not require proving the lender’s source of funds, leading to deletion of a ₹1.62 crore addition.
Gujarat High Court held that recommendation of name of Chartered Accountant from the Register of Member based on disciplinary committee report quashed as report was merely a cut-paste job without any independent finding.
The advisory clarifies that from November 2025, auto-populated values in Table 3.2 of GSTR-3B cannot be manually edited. Any corrections must be made through GSTR-1A, which will instantly update the figures.
The advisory explains that registrations will be automatically suspended if bank account details are not furnished within 30 days. It highlights the process for updating details and restoring registration.
Explains why massive penalties were introduced under the new data protection law and highlights the compliance duties, rights, and enforcement framework that organisations must follow.
