ITAT Bangalore held that initiation of revisionary proceedings under section 263 of the Income Tax Act by CIT based on the recommendation of the AO is not maintainable. Accordingly, revisionary order ...

Delhi High Court granted regular bail in view of absence of evidence/ material alleging connection of petitioner in GST bogus firm registration case and also petitioner being in judicial custody for ...

ITAT Panaji held that ad-hoc determination of taxable income without invoking special audit u/s. 142(2A) of the Income Tax Act not only jostled ad-hoc & irrational estimations but led to farfetched ...

RBI permits non-resident Vostro account holders to invest surplus rupee funds in Central Government Securities, aiming to boost international trade ...

SEBI has amended its FPI regulations. The changes introduce exemptions for foreign investors who invest solely in Government Securities, simplifying ...

The IBBI has released a discussion paper on removing a redundant clause from the Code of Conduct for Insolvency Professionals, citing duplication with other ...

The IBBI has proposed a new regulation to cap the total number of assignments for Insolvency Professionals (IPs) at 10, including IRP, RP, and Liquidator roles, to ensure equitable distribution and ...

SEBI seeks comments on a draft circular to ease securities transmission from nominees to legal heirs by introducing a new reason code to avoid incorrect ...

The RBI has directed banks to simplify claim settlements for deceased depositors. New rules mandate speedy processing with minimum documents for nominees and ...

The Delhi High Court ruled that Common Area Maintenance (CAM) charges are subject to TDS under Section 194C, not Section 194I, as they are for services and not ...

The ITAT Mumbai deleted an addition made under sections 69A and 69C, ruling that an addition based solely on loose papers and a third-party statement without corroboration is not ...

This article analyzes how courts protect the right to trade under Article 19(1)(g) of the Constitution against arbitrary GST ...