News

Despite this significant order, the company has clarified that there is no material impact on its financials, operations or other activities.

Custom Duty & Penalty of over Rs 23 Cr demanded from Voltas for Misclassification of Goods

Judgement

The Bombay High Court held that ITC cannot be blocked in case the electronic credit ledger has a negative balance, citing violation of Rule 86A of the CGST Rules, 2017.

ITC Cannot be Blocked If Electronic Credit Ledger Has Negative Balance: Bombay High Court

Articles

Know what you need to do before 31st March 2026: pay taxes, claim deductions, and complete all year-end tasks to avoid penalties.

March 2026 Year-End: A Turning Point For Indian Taxpayers

As per Section 51 of the Banking Regulation Act, 1949, banks and banking institutions that fall under this category are still considered "banking companies" under the new Income-tax Act, 2025.

Income Tax Dept Provides Clarification Regarding TDS Exemption on Interest Payments by Banking Institutions

Nirmala Sitharaman told lok sabha that banks must strictly protect customer data under RBI guidelines and existing banking laws.

Banks Must Follow Strict Data Protection Rules, Says Nirmala Sitharaman in Lok Sabha

High Court quashes auditor prosecution holding vague allegations and absence of mens rea insufficient under law

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Custom Duty & Penalty of over Rs 23 Cr demanded from Voltas for Misclassification of Goods

ITC Cannot be Blocked If Electronic Credit Ledger Has Negative Balance: Bombay High Court

March 2026 Year-End: A Turning Point For Indian Taxpayers

Income Tax Dept Provides Clarification Regarding TDS Exemption on Interest Payments by Banking Institutions

Banks Must Follow Strict Data Protection Rules, Says Nirmala Sitharaman in Lok Sabha

HC Rejects Auditor Prosecution Under Companies Act for Lack of Evidence