News

SEBI has allowed AIFs and VCFs to retain residual funds after their tenure for pending liabilities, litigation, tax matters, and winding-up expenses, effective June 16, 2026.

SEBI Allows AIFs and VCFs to Retain Funds After Tenure Under New Winding-Up Rules

Orders

GSTAT has clarified that taxpayers can continue filing appeals even if court fee payment status remains pending on the portal.

Court Fee Payment Status Still Pending? GSTAT Says Appeals Can Be Filed Anyway

Judgement

The ITAT quashed the Section 263 revision order, holding that an assessment cannot be revised merely because the PCIT believes further enquiries were warranted.

ITAT Quashes Section 263 Revision, Says PCIT Cannot Reopen Assessment for Mere Inadequate Inquiry

Notifications

The notification revises customs jurisdiction areas and airport coverage under the existing customs administrative framework.

CBIC Revises Customs Jurisdiction for Mumbai International Airport, Thane, Palghar and Raigad

Barbeque Nation received tax relief after the Income Tax Department withdrew its entire demand of Rs 8.63 crore. The company is also appealing a Rs 2.78 crore income addition.

Barbeque Nation Gets Rs 8.63 Crore Tax Demand Withdrawn After Rectification Order

High Court held that a GST appeal cannot be rejected solely on limitation grounds when the taxpayer has shown sufficient cause for delay and has already complied with the mandatory pre-deposit requirement.

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SEBI Allows AIFs and VCFs to Retain Funds After Tenure Under New Winding-Up Rules

Court Fee Payment Status Still Pending? GSTAT Says Appeals Can Be Filed Anyway

ITAT Quashes Section 263 Revision, Says PCIT Cannot Reopen Assessment for Mere Inadequate Inquiry

CBIC Revises Customs Jurisdiction for Mumbai International Airport, Thane, Palghar and Raigad

Barbeque Nation Gets Rs 8.63 Crore Tax Demand Withdrawn After Rectification Order

GST Appeal Cannot Be Rejected Solely on Delay When Mandatory Pre-Deposit Has Been Made: High Court