Month: February 2026

Clipped from: https://taxguru.in/corporate-law/belated-society-membership-dispute-supreme-court-balances-statutory-rights-equity.html Shashin Patel And Anr Vs Uday Dalal And Ors (Supreme Court of India) Appellants’ case:4 The appellants (legal heirs of the original tenant

Clipped from: https://www.taxscan.in/top-stories/lack-of-familiarity-with-income-tax-e-filing-portal-itat-condones-66-days-delay-restores-trust-registration-1442759?TRN300=seBwjqsDCAuMBvFaFYxMskwWACJuwDMkvfAfYhMhwjXMeuFSiMskjIDRBMSASx&LKD333=3404341 ITAT allowed appeal for statistical purposes. The assessee trust was new to income tax litigation and online portal e-filing. The Income Tax Appellate

Clipped from: https://www.taxscan.in/top-stories/gst-portal-merges-additional-notices-orders-with-notices-orders-tab-to-reduce-oversight-1442748?TRN300=seBwjqsDCAuMBvFaFYxMskwWACJuwDMkvfAfYhMhwjXMeuFSiMskjIDRBMSASx&LKD333=3404323 GST portal has merged the “Additional Notices and Orders” tab with “Notices and Orders” to avoid taxpayers missing notices The GST Network recently

Clipped from: https://www.taxscan.in/top-stories/next-wave-of-gst-notices-likely-section-74a-vs-s-73-s-74-set-to-trigger-fresh-litigation-battles-1442746?TRN300=seBwjqsDCAuMBvFaFYxMskwWACJuwDMkvfAfYhMhwjXMeuFSiMskjIDRBMSASx&LKD333=3404303 Section 74A is the consolidated provision merging Section 73 and 74. This applies from Financial 2024-25 intending to create a single framework for

Clipped from: https://www.taxscan.in/top-stories/wife-sells-two-gifted-flats-for-6-crore-and-pays-no-income-tax-heres-how-1428872?TRN300=seBwjqsDCAuMBvFaFYxMskwWACJuwDMkvfAfYhMhwjXMeuFSiMskjIDRBMSASx&LKD333=3404310 A Mumbai woman sells two gifted flats for Rs. 6 crore, reinvests the proceeds in another home, and legally avoids paying any tax

Clipped from: https://www.taxscan.in/top-stories/pre-consultative-process-under-central-excise-act-is-mandatory-except-in-cases-of-intention-to-evade-tax-madras-hc-1440722?TRN300=seBwjqsDCAuMBvFaFYxMskwWACJuwDMkvfAfYhMhwjXMeuFSiMskjIDRBMSASx&LKD333=3404344 The department cannot unilaterally assume that pre-consultation is not necessary. Unless and until the fraud and intention to evade is not proven beyond

Clipped from: https://www.taxscan.in/top-stories/accountant-fails-to-submit-gst-returns-for-6-months-madras-hc-orders-gstn-to-take-necessary-actions-for-filing-returns-1440217?TRN300=seBwjqsDCAuMBvFaFYxMskwWACJuwDMkvfAfYhMhwjXMeuFSiMskjIDRBMSASx&LKD333=3404335 The Court directed the tax authorities to instruct GSTN, New Delhi, to make suitable changes in the GST portal architecture so as to

Clipped from: https://taxguru.in/income-tax/section-54ec-law-amendments-judicial-view-practical-application.html Section 54EC of the Income-tax Act, 1961 – Scope, Impact, Amendments & Judicial Interpretation (2026 Edition) 1. Introduction Section 54EC is one of

Clipped from: https://www.thehindubusinessline.com/economy/new-itr-forms-likely-to-capture-only-relevant-data-cbdt-chairman/article70596214.ece#cxrecs_s Under new rules and forms under new I-T Act, the focus is on auto populating more data, CBDT Chairman Ravi Agrawal says CBDT

Clipped from: https://www.thehindubusinessline.com/opinion/editorial/tariff-cheer/article70591388.ece But nothing is final until the India-US trade agreement is signed Tariff cuts are welcome news but businesses need to know when they

Clipped from: https://www.thehindubusinessline.com/info-tech/social-media/debate-over-teen-social-media-use-grows-in-india/article70599690.ece The aim is to ensure data privacy and protect children and adolescents from exploitation, Parliamentarian Lavu Sri Krishna Devarayalu said in an interview

Clipped from: https://www.thehindubusinessline.com/info-tech/faster-dpdp-compliance-may-strain-budgets-for-start-ups-msmes/article70600873.ece Compliance costs seen rising 15–30% amid tighter timelines The Union government has been considering shortening the timeline for DPDP implementation from 18 months

Clipped from: https://www.thehindubusinessline.com/economy/budget/at-businessline-post-budget-event-cea-defines-indias-new-era-of-competitive-indigenization/article70600976.ece Budget meets the demands of an emerging global order with more indigenisation and resilience, yet with an eye on global competitiveness, says Anantha

Clipped from: https://www.thehindubusinessline.com/opinion/editorial/staying-the-course/article70600527.ece Status quo in monetary policy was to be expected Reserve Bank of India (RBI) Governor Sanjay Malhotra speaks on Monetary Policy Committee (MPC)

Clipped from: https://indianexpress.com/article/business/rbi-doubles-collateral-free-loans-to-msmes-to-rs-20-lakh-10517346/?ref=business_pg Banks to be allowed to lend to REITs The RBI proposed permitting banks to lend to Real Estate Investment Trusts (REITs) under safeguards.

Clipped from: https://www.thehindubusinessline.com/news/india-us-interim-trade-agreement-us-cuts-tariffs/article70602692.ece The move is part of broader efforts to establish robust, ambitious and mutually beneficial digital trade rules under a bilateral trade agreement. India

Clipped from: https://www.thehindubusinessline.com/opinion/indias-growth-moment-is-turning-regional/article70601131.ece The Budget’s thrust on rail corridors, logistics, and using tier 2,3 cities as hubs of investments and jobs marks a shift Logistics: Aiding

Clipped from: https://www.business-standard.com/finance/news/digital-fraud-victims-compensation-rbi-upto-25000-126020601584_1.html RBI has announced a one-time compensation of up to Rs 25,000 for victims of small-value digital frauds, while also moving to tighten norms

Clipped from: https://www.business-standard.com/finance/personal-finance/health-insurance-complaints-rise-41-on-claims-disputes-in-fy25-irdai-126020601053_1.html Regulator asks insurers to conduct ‘root-cause analysis’ of complaints and improve oversight of agents, brokers and digital channels Listen to This Article Complaints

Clipped from: https://www.financialexpress.com/business/banking-finance/were-still-in-goldilocks-sweet-spot-sanajay-malhotra-rbi-governornbsp/4134196/ Post-MPC meeting, RBI Governor Sanjay Malhotra affirms India’s strong growth path, projecting a 20-basis-point GDP boost from the India-US trade deal. India Still