Delhi GST Department Mandates Virtual Personal Hearings for Proceedings under DGST Act, Issues Guidelines [Read Circular]

The Delhi GST Department has issued guidelines mandating that all personal hearings under the Delhi Goods and Services Tax ( DGST) Act, 2017, shall now be conducted exclusively through virtual mode. With…

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Company Suo-Moto Admits Demat Compliance Default: MCA Penalizes Company, Directors, CFO, CS and Subscriber of Shares

MCA did not impose a penalty on the independent directors. It identified Whole time directors, Director, CFO, CS and subscriber of shares as officers in default.Baby Memorial Hospital Limited, a…

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Pension Account Attached for Income Tax Dues: Madras HC Allows Withdrawal Citing S.11 of TN Pension Act [Read Order]

The High Court of Madras, allowed monthly withdrawal of ₹48,000 from a pension account attached for tax recovery, citing protection under Section 11 of the Tamil Nadu Pension Act, 1871. S.Devarajan.…

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CBDT notifies NABARD Bonds as Zero Coupon Bonds Worth ₹19,500 Crore u/s 2(48) of Income Tax Act [Read Notification]

The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has issued Notification No. 56/2025 dated 12th June 2025, formally recognizing certain bonds issued by the National Bank…

Continue ReadingCBDT notifies NABARD Bonds as Zero Coupon Bonds Worth ₹19,500 Crore u/s 2(48) of Income Tax Act [Read Notification]

Once AAR Ruling is Upheld by Courts, Dept Cannot Reopen Classification Dispute via Review Petition: Madras HC [Read Order]

In a recent decision, the Madras High Court dismissed review petitions filed by the Commissioner of Customs, ruling that once an Advance Ruling (AAR) has been upheld by courts, the classification dispute…

Continue ReadingOnce AAR Ruling is Upheld by Courts, Dept Cannot Reopen Classification Dispute via Review Petition: Madras HC [Read Order]

RBI Eases KYC Rules for Low-Risk Customers: Extended Deadline, BC Support, and Mandatory Advance Notices [Read Notification]

The Reserve Bank of India (RBI), through a notification dated June 13, 2025, issued amendments to the Know Your Customer (KYC) Directions, 2016, introducing extended deadlines, business correspondent support, and mandatory customer notifications to…

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