Regional Director sets aside penalty on Mr. Gangadharappa Munidra Kumar, former director of Eaglesight Media, for Section 12(1) Companies Act violation, citing his 2014 resignation.
CBDT has designated DGIT (Systems) as the authority to share income tax return filing status and income level data with the Ministry of Petroleum & Natural Gas, based on Aadhaar/PAN, to support its initiatives.
IBBI dismissed an RTI appeal on June 16, 2025, citing that requested internal records were either already shared or not held as per RTI Act provisions.
IBBI’s First Appellate Authority upholds CPIO’s denial of RTI request on DHFL fixed deposits, stating queries sought opinions/grievance redressal, not ‘information’.
CBDT outlines parameters for compulsory income tax scrutiny for FY 2025-26, including survey, search & seizure cases, registration cancellations, recurring additions, and specific tax evasion information.
ECS option is now available for MSSC withdrawals via Finacle, along with cash, POSA credit, and Postmaster Cheque modes. Update issued by Dept of Posts.
IBBI has suspended Insolvency Professional Arvind Kumar for two years due to non-cooperation with investigations and alleged contraventions in CIRP
Regional Director confirms Rs. 1.5 Lakh penalty on CA Vijay Bora for three violations of Companies Act Section 143, upheld in appeal against ROC West Bengal order.
IBBI has suspended an Insolvency Professional’s authorization until August 2025 for failing to verify proper demand notice service in a personal guarantor insolvency case, after an NCLT finding.
CBDT extends deadline for processing AY 2023-24 ITRs filed under Section 139 to 30th November 2025. Excludes scrutiny cases and unprocessed returns due to taxpayer reasons.
