Judgement

The Delhi High Court intervened, deciding that if a rule is meant to help taxpayers in genuine trouble, it shouldn't be held hostage by bureaucratic oversight or "missing" dates.

Delhi High Court Sets Precedent: Genuine Taxpayer Hardship Cannot Be Ignored

Court limits addition to seized cash, rejects inflated amount based on inconsistent assessment approach

High Court Limits Section 69A Addition to Actual Cash Seized

Circulars

AD banks must report offshore INR derivative trades of group entities to improve transparency.

RBI Expands Reporting Norms for Global INR Derivative Transactions by Banks

The high court noted that many companies are creating fake invoices to the ITC to avoid paying full GST.

Delhi HC Imposes Fine on Firm Due to Fake GST ITC Claim Using Fake Invoices

RBI overhauls IRAC framework, issues new directions and multiple amendments for banking prudential norms.

RBI Notifies Fresh IRAC Guidelines; Old Framework Replaced with Amendments

The ROC Hyderabad imposed a Rs 20,000 penalty on the company and its director for failing to file the mandatory DPT-3 return within the prescribed time.

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Delhi High Court Sets Precedent: Genuine Taxpayer Hardship Cannot Be Ignored

High Court Limits Section 69A Addition to Actual Cash Seized

RBI Expands Reporting Norms for Global INR Derivative Transactions by Banks

Delhi HC Imposes Fine on Firm Due to Fake GST ITC Claim Using Fake Invoices

RBI Notifies Fresh IRAC Guidelines; Old Framework Replaced with Amendments

Company and Director Penalised for Non-Filing of One-Time Return in Form DPT-3