RBI's draft lending framework for NBFCs expands the 'related party' definition and mandates Board approvals, recusal, and transparent policies for intra-group ...

MCA has confirmed that extension of annual filing timelines till 31st December 2025 does not extend statutory deadline for holding AGMs under Companies Act, 2013. Companies missing AGM timelines ...

The CBI registered a case against a Jaipur CGST Assistant Commissioner for amassing ₹2.54 Cr in assets, 100% disproportionate to income, leading to searches and ...

A taxpayer lost all deductions for AY 2024–25 as late ITR e-verification made her return belated, forcing her into the new tax regime. Timely verification is now ...

Relying on the Schneider Electric judgment of the Delhi High Court, the ITAT held that absence of a separate immunity order within one month does not justify penalty ...

SC held that liquidation of a company does not protect its director or personal guarantor from prosecution under Section 138 of Negotiable Instruments Act. Criminal liability remains independent of ...

ITAT Chennai ruled in favor of Lakshmiammal Progressive Educational Trust, deleting an addition of ₹31.6 lakhs after finding the receipts to be voluntary donations, not compulsory capitation ...

Gifts received from specified relatives are fully exempt from income tax under Section 56(2)(x). Learn the definition of 'relative' and mandatory ITR disclosure ...

Finance Ministry issues Fourth Amendment to CGST Rules 2025 introducing e-registration, new Rule 14A, and updated GST forms effective 1 November ...

The ITAT dismissed the Revenues appeal, ruling that restrictions on set-off of carried-forward losses under Section 79 apply ...

Lenskart's anticipated IPO is generating discussion over its high valuation (₹70,000 Crore post-issue). The company's ...

The Court held that reassessment proceedings under Sections 148A and 148 were void as notices were not validly served and proper approval from PCCIT was not ...