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ROC fined the company and its defaulting officers for failing to mention Directors' DINs in financial statements.

ROC Imposes Rs 3 Lakh Penalty for non-mention of DIN on financial statements

IBA advises public sector banks to revise statutory audit policies following the Banking Laws (Amendment) Act, 2025, including reducing physical branch audit coverage to 50% of total business/advances.

IBA Recommends Public Sector Banks to Reduce Ambit of Physical Branch Audits to 50% of Total Business 

NIIT Limited faces a Rs 1.72 crore tax appeal before Delhi ITAT for AY 2018-19 but expects no adverse impact on its financial position or operations.

NIIT Limited Discloses Income Tax Department’s Appeal Before Delhi ITAT, Says No Adverse Financial Impact Expected

The ITAT Chennai held reassessment beyond three years as invalid without approval from the Competent Authority.


ITAT Quashes Reassessment as Section 148 Approval Was Obtained from PCIT Instead of Pr. CCIT

The ITAT remanded the case to the AO for fresh examination of land-related tax additions, DVO valuation, disclosure of the remand report, and verification of the assessee's claimed 16.21% ownership share.

ITAT Directs AO to Reconsider Rs 16.44 Lakh Capital Gains and Rs 25.87 Lakh Stamp Duty Value Addition

Surat Cybercrime Police have arrested a 26-year-old Haryana man in an alleged Rs 40 lakh WhatsApp ‘Boss Scam’ that involved impersonating a company owner to trick an accountant into transferring funds.

Fake WhatsApp Boss Dupes Company Accountant of Rs 40 Lakh; Surat Police Arrest Haryana Man in Cyber Fraud Case

The ITAT remanded the Rs 3.33 crore demonetisation-period cash deposit case to the Assessing Officer for fresh verification of bank account ownership and the source of deposits.

ITAT Remands Rs 3.33 Crore Demonetisation Cash Deposit Case to AO, Directs Rs 10,000 Relief Fund Payment

Uttarakhand’s Tax Department detected alleged Rs 2.5 crore tax evasion at a Ramnagar resort, with management depositing Rs 1 crore following the search.

Uttarakhand Tax Department Detects Rs 2.5 Crore Tax Evasion at Ramnagar Resort

A Central GST team’s raid on an iron trader’s shop in Hathras sparked a major uproar, with the trader alleging assault and a dispute over the search warrant, while officials denied the allegations.

GST Team Raid at Iron Trader’s Shop in Hathras Sparks Major Uproar as Traders Gather and Allegations of Assault Emerge

The CBI has arrested an SFIO Deputy Director and two others over an alleged Rs 1 crore bribe demand linked to the ongoing DHFL scam investigation in Chennai.

CBI Arrests SFIO Deputy Director and Two Others Over Alleged Rs 1 Crore Bribe Demand in DHFL Scam Investigation

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ITAT

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GSTN has enabled sandbox testing of e-invoicing for recipient-generated self-invoices covering domestic RCM supplies and import of services, with the rollout date yet to be announced.

GSTN Introduces New E-Invoicing Facility for Self-Invoices Under Reverse Charge Mechanism

The Jharkhand High Court held writ jurisdiction cannot be invoked routinely against GST Show-Cause Notices.

High Court Directs Assessee to Avail Statutory Remedies

Understand the key differences between Flexi Cap and Multi Cap Mutual Funds, including equity allocation requirements, portfolio flexibility, risk exposure and suitability for different investment goals.

ROC Imposes Rs 3 Lakh Penalty for non-mention of DIN on financial statements:

ROC Imposes Rs 3 Lakh Penalty for non-mention of DIN on financial statements

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