Judgement

The Delhi High Court held that Foreign Tax Credit cannot be denied merely for delayed filing of Form 67 and directed the AO to reconsider the claim within two months.

High Court Rules Foreign Tax Credit Cannot Be Denied Merely for late filing of Form 67

News

The ICSI's Student Amnesty Scheme-2025 offers a one-time opportunity for students with lapsed CS registrations to rejoin the course.

Last Chance! Restore Your CS Registration with ICSI Amnesty by 28 Feb 2026

Jointly owned property not a bar; construction commenced prior to sale still eligible if completed within three years

ITAT Allows Sec 54F Exemption of Rs. 26.77 Cr on Shares Sale; Joint Ownership Not a Bar

ITAT Quashes Reassessment; Notices Held Time-Barred, Sanction Defective and Jurisdiction Invalid

ITAT Quashes Reassessments as Time-Barred and for Invalid Section 151 Sanction

SAT reduced the penalty on IIFL Capital’s wholly owned subsidiary IIFL Commodities to Rs. 75 lakh after a review of its earlier order.

IIFL Capital Services Subsidiary Gets Relief as SAT Cuts Penalty to Rs. 75 Lakh

Circulars

The RBI has updated the ECB reporting framework under FEMA, 1999, by notifying revised return forms through A.P. (DIR Series) Circular No. 23 dated February 18, 2026.

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High Court Rules Foreign Tax Credit Cannot Be Denied Merely for late filing of Form 67

Last Chance! Restore Your CS Registration with ICSI Amnesty by 28 Feb 2026

ITAT Allows Sec 54F Exemption of Rs. 26.77 Cr on Shares Sale; Joint Ownership Not a Bar

ITAT Quashes Reassessments as Time-Barred and for Invalid Section 151 Sanction

IIFL Capital Services Subsidiary Gets Relief as SAT Cuts Penalty to Rs. 75 Lakh

RBI Revises ECB Reporting Framework under FEMA Master Direction: New Return Forms Notified