Judgement

The Madras High Court quashed income tax prosecution against Gautham Vasudev Menon, noting he was not a director of the company during the relevant assessment period.

Madras High Court Drops Proceedings Against Film Producer Gautham Vasudev Menon

News

The investigation revealed that the accused established shell companies, which only existed on paper, and generated fake invoices worth Rs 50 crore.

Delhi Police Uncovers GST Fraud Worth Rs 50 Crore Involving Fake Medicine Racket; Six Arrested

Notifications

The government is granting temporary exemptions on customs duty and AIDC for specified imported chemicals, making duty rates nil to support industry and reduce input costs in the public interest.

Government Grants Exemption on Customs Duty and AIDC for Certain Imports

Articles

Form 121 is a unified declaration under the Income Tax Act 2025 that allows taxpayers to prevent TDS deduction by confirming they have no taxable income.

Form 121 Explained: A Simpler Way to Avoid TDS Under New Income Tax Act 2025

The MCA has shared a reminder for companies to file MSME Form 1 for the October 2025 -March 2026 period by April 30.

MCA Portal Update: File MSME Form 1 by April 30 to Avoid Penalties

SEBI has proposed reintroducing open market share buybacks under a revised tax framework from May 2026.

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Madras High Court Drops Proceedings Against Film Producer Gautham Vasudev Menon

Delhi Police Uncovers GST Fraud Worth Rs 50 Crore Involving Fake Medicine Racket; Six Arrested

Government Grants Exemption on Customs Duty and AIDC for Certain Imports

Form 121 Explained: A Simpler Way to Avoid TDS Under New Income Tax Act 2025

MCA Portal Update: File MSME Form 1 by April 30 to Avoid Penalties

SEBI Proposes Re-introduction of Open Market Buybacks Under Revised Tax Framework