Judgement

ROC has imposed a Rs 1.44 lakh penalty on the company and its directors for delay in the MGT-14 filing and directed compliance within 90 days.

ROC Slaps Penalty on Company and Its Directors for Delay in Filing Form MGT-14

EPFO has raised the statutory wage ceiling from Rs 15,000 to Rs 25,000 per month from September 17, 2026, expanding mandatory coverage under EPF, EPS and EDLI.

EPFO Issues FAQs on Raises Wage Ceiling from Rs 15,000 to Rs 25,000; Over 51 Lakh Employees to Benefit

The ITAT Bangalore deleted an addition of Rs 9.99 lakh made under Section 69A of the Income Tax Act towards cash deposited in the assessee’s bank account. 


ITAT Deletes Section 69A Addition After Assessee Proves Cash Gift from Father

The ITAT Bangalore holds wrong provision cited in original return cannot defeat genuine exemption claim.

ITAT Allows Section 10(10B) Exemption to BSNL VRS Employee Despite Wrong Claim Under Section 10(10C)

Vikran Engineering faces a Rs 83.62 lakh GST demand over alleged excess ITC claim for FY23 and plans to contest the notice.

Vikran Engineering Receives Rs 1.55 Crore GST Notice Including Rs 83.62 Lakh Tax Demand, Interest and Penalty

Lokayukta officials caught Shivamogga District Fire Officer B R Ashok Kumar allegedly accepting a Rs 1 lakh bribe for issuing a fire safety NOC to a school building.

Fire Officer Allegedly Demanded Rs 3 Lakh for School NOC, Caught Accepting Rs 1 Lakh in Lokayukta Trap

CGST officials in Telangana have detected an alleged Rs 5.68 crore GST evasion involving a fake SEZ registration, with the firm’s proprietor arrested and sent to 14-day judicial custody.

Telangana GST Fraud: CGST Unearths Rs 5.68 Crore Tax Evasion Through Alleged Fake SEZ Registration, Proprietor Arrested

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

Institute of Chartered Accountants of India

Compare salary accounts for corporate employees, including zero balance facilities, free Debit Cards, cashback, digital banking and family banking benefits.

Best Salary Accounts for Corporate Employees: Zero AMB, Free Debit Card & Cashback

The Income Tax Department has urged all taxpayers liable to file a tax report to complete the filing process well before September 30, 2026.

Income Tax Dept Reminds Taxpayers to Complete TAR Filing Process Before Sept 30, to Avoid Last Minute Hustle

ICAI has released a practical handbook covering year-end transfer pricing compliance, including Form 3CEB, documentation, master file, country-by-country reporting and a unified compliance calendar.

ROC Slaps Penalty on Company and Its Directors for Delay in Filing Form MGT-14:

ROC Slaps Penalty on Company and Its Directors for Delay in Filing Form MGT-14

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