Judgement

The Court clarified that Section 75(9) is not applicable in the present case, because it only applies when the interest is not mentioned in the final order, not the show cause notice.

Interest and Penalty Cannot Go Beyond Show Cause Notice: Allahabad High Court

Orders

ROC imposed a penalty on the company and its directors for failing to file Form MGT-14 after passing a special resolution to amend its Memorandum of Association.

ROC Imposes Penalty on company for failing to alter objects as per change in business line

As per the Maharashtra AAR, Masala Paan or Meetha Paan falls under Chapter Heading 2106 9099 and attracts GST at the rate of 18%.

Supply of Masala Paan with Principal Supply as Betel Leaf Not Composite Supply: AAR Clarifies

News

The department suggested that the profit recorded by the company during the period by the Securities and Exchange Board of India (SEBI) must be taxed in India as a capital gain.

Income Tax Department to Invoke GAAR Against Jane Street for Alleged Tax Evasion

Announcement

ICAI invites suggestions on Finance Bill 2026 tax proposals for inclusion in the Post-Budget Memorandum 2026 by February 9, 2026.

ICAI Opens Window for Suggestions on Union Budget 2026-27 Tax Proposals

The CBDT has prepared the Draft Income Tax Rules and Forms, 2026, scheduled to take effect along with the New Income Tax Act 2025 from April 01, 2026.

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Interest and Penalty Cannot Go Beyond Show Cause Notice: Allahabad High Court

ROC Imposes Penalty on company for failing to alter objects as per change in business line

Supply of Masala Paan with Principal Supply as Betel Leaf Not Composite Supply: AAR Clarifies

Income Tax Department to Invoke GAAR Against Jane Street for Alleged Tax Evasion

ICAI Opens Window for Suggestions on Union Budget 2026-27 Tax Proposals

Income Tax Breaking: CBDT Releases Draft Income Tax Rules and Forms 2026