News

Due to the increasing requests, Blackstone had to increase the usual 5% withdrawal limit on its $82 billion fund to 7%.

BlackRock Restricts Withdrawals from Private Credit Fund Due to Increase in Redemption Requests

Judgement

Penalty Invalid Where Authorities Applied Warehouse Regulations Instead of Special Warehouse Regulations

HC Quashes Rs. 30,000 Customs Penalty as Proceedings Invoked Wrong Warehouse Regulations

The High Court set aside the order and directed the tax authorities to share the material forming the basis of the reassessment with the petitioners within one week.

Allahabad HC Quashes Reassessment Proceedings for Not Sharing Evidence Used to Reopen Case

Notifications

Govt amends Income-tax Rules 1962 to require financial institutions to report holdings of crypto, CBDCs, and digital money products as financial assets starting January 1, 2026.

Income Tax Rules 2026: Financial Institutions Must Report Crypto and Digital Currency Holdings

A sitting judge of the Bombay High Court lost Rs 6.02 lakh in credit card fraud after calling a fake helpline number of HDFC Bank.

Bombay High Court Judge Loses Rs 6.02 Lakh in Credit Card Scam After Calling Fake HDFC Helpline

Search Assessment Year Must Be Included While Computing 10-Year Block Under Section 153A

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BlackRock Restricts Withdrawals from Private Credit Fund Due to Increase in Redemption Requests

HC Quashes Rs. 30,000 Customs Penalty as Proceedings Invoked Wrong Warehouse Regulations

Allahabad HC Quashes Reassessment Proceedings for Not Sharing Evidence Used to Reopen Case

Income Tax Rules 2026: Financial Institutions Must Report Crypto and Digital Currency Holdings

Bombay High Court Judge Loses Rs 6.02 Lakh in Credit Card Scam After Calling Fake HDFC Helpline

HC: Reopening for Assessment Year Invalid as It Falls Outside 10-Year Limit in Search Cases