Judgement

The Madras High Court ruled that duplicate assessment orders for the same taxpayer and year are invalid, granting a fresh hearing and relief to the taxpayer.

Two Separate GST Assessment Orders Cannot Cover Same Discrepancies and Taxpayer: HC

Payments made to foreign entities for carrying out charitable activities in India are not considered application of Income outside India.

Foreign Payments for Charitable Work in India Counted as Application of Income Within India: ITAT

Articles

MP Birla Group informed NSE and BSE that it received an order imposing penalty for alleged non-compliant mining activities in Chittorgarh and decided to challenge it legally.

MP Birla Received Order from Mining Authority; Penalty of Rs 4.60 Crore Imposed

News

The government of India has introduced PROG Rules 2026, to regulate online gaming, curb money gaming risks, and ensure safer, transparent gameplay from May 1, 2026.

Govt Introduces Promotion and Regulation of Online Gaming Rules 2026; Effective May 2026

Govt Notifies Promotion and Regulation of Online Gaming Rules 2026; Effective May 2026

Circulars

New RBI Directive Targets Intra-Group Risk by Restricting INR Foreign Exchange Derivative Contracts for Authorized Dealers

RBI Withdraws April 1 Circular on Forex Risk Management and Interbank Dealings: Know More

The ITAT held that investment made before filing the return under Section 139(4) qualifies for Section 54F exemption, deleted the additions, and allowed the assessee’s appeal.

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Two Separate GST Assessment Orders Cannot Cover Same Discrepancies and Taxpayer: HC

Foreign Payments for Charitable Work in India Counted as Application of Income Within India: ITAT

MP Birla Received Order from Mining Authority; Penalty of Rs 4.60 Crore Imposed

Govt Notifies Promotion and Regulation of Online Gaming Rules 2026; Effective May 2026

RBI Withdraws April 1 Circular on Forex Risk Management and Interbank Dealings: Know More

ITAT allows Section 54 exemption before due date of filing belated ITR