Judgement

The ROC has imposed a Rs 44,000 penalty on the company and its directors for a delayed PAS-3 filing after securities allotment; no additional daily penalty was imposed.

Company and Directors Penalised for Form PAS-3 Delayed Filing: ROC

The ED has arrested four accused in connection with Rs 261 crore (US$ 27.39 million) US call centre fraud through 927 collections between July 2025 and September 2026. 

ED Apprehends Four Accused in Rs 261 Crore US Call Centre Fraud under PMLA, All Remanded to Judicial Custody

The ITAT Delhi sets aside CIT(A)'s order after finding that the assessee was not granted a requested personal hearing.

ITAT Remands Rs 37.55 Lakh Unsecured Loan Addition for Fresh Adjudication

A high-profile birthday bash at Rajkot’s Saraza Hotel was raided by LCB, with 38 people booked and prominent industrialists coming under police scrutiny.

High-Profile Birthday Party at Rajkot's Saraza Hotel Raided by LCB; Prominent Industrialists and Business Leaders Under Scanner

Understand the income tax exemption limits, TDS requirements and GST implications applicable to Diwali gifts given to employees, clients and business associates in 2026.

How Are Diwali Gifts Taxed in 2026? Know the Income Tax, TDS and GST Rules

The ITAT Bangalore condones 78-day delay in appeal filing and remands quantum additions and Section 270A penalty for fresh adjudication.

ITAT Deletes Penalty Under Section 271DA for Cash Deposited Directly by Customer Without Assessee’s Consent

The ED has raided Ragam Theatre in Thrissur as part of its investigation into an alleged Rs 300 crore deposit fraud and fund diversion involving Kerala-based Bharat Lajna Multi-State Housing Co-operative Society.

ED Raids Ragam Theatre in Kerala’s Rs 300 Crore Bharat Lajna Co-operative Society Fraud Case

The Union Cabinet has approved a new Bill to increase the number of Supreme Court judges from 33 to 37, excluding the Chief Justice, aiming for faster justice and better case handling.

Supreme Court Judge Strength to Increase from 33 to 37 for Faster Justice

The Tribunal examined the DGAP report; found that ITC benefits were already passed to buyers; held no profiteering occurred; accepted the closure report; and dismissed the proceedings against the respondent company.

Builder Cleared of Profiteering Charges After Passing Excess ITC Benefit to Homebuyers: GSTAT

Jubilant Ingrevia Limited received a GST penalty order confirming demand for FY 2017-18, alleging wrongful ITC use, and stated it planned to file an appeal before GSTAT.

Jubilant Ingrevia to Challenge Rs 2.03 Crore GST Demand Before GSTAT

Gobind Jain filed a Rs 70 crore lawsuit against IndusInd Bank, alleging wrongful termination without due process, seeking reinstatement, unpaid dues, and reputational damages in the Bombay High Court.

Rs 70 Crore Claim Row: Ex-CFO Gobind Jain Moves Bombay High Court Against IndusInd Bank Over Alleged Wrongful Dismissal

Dream Sports launched DreamStreet, its new retail broking platform, marking entry into financial services. The platform offered equity and ETF trading with AI tools to simplify investing for users.

Dream Sports Launches Dream Street: AI-Powered Entry into India’s Retail Broking Market

Income Tax

Finance

ICAI

ITAT Delhi

ITAT

Chartered Accountant

CBDT

ITAT Mumbai

Bharti Airtel will pay a Rs 1.07 lakh penalty imposed by DoT Maharashtra over alleged non-compliance with subscriber verification norms following an August 2026 CAF audit.

Bharti Airtel Receives Rs 1.07 Lakh Penalty Notice From DoT Maharashtra Over Alleged Subscriber Verification Violations

The ITAT Visakhapatnam grants fresh opportunity to explain cash deposits before Assessing Officer.

ITAT Remands Demonetisation Cash Deposit Case After Assessee Suffers Severe Fire Injuries

Rashi Peripherals faces a Rs 2.15 crore customs duty and penalty demand over alleged import misclassification and is considering challenging the order before CESTAT.

Company and Directors Penalised for Form PAS-3 Delayed Filing: ROC:

Company and Directors Penalised for Form PAS-3 Delayed Filing: ROC

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