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Blog, News, Income Tax

February 24, 2026

CBDT notifies ‘Regional Air Connectivity Fund Trust’ for exemption under section 10(46)

Notification No. 1/2022, dated 06-01-2022 … Continue reading “CBDT notifies ‘Regional Air Connectivity Fund Trust’ for exemption under section 10(46)”

Blog, News, GST & Customs

February 17, 2026

Vouchers are goods and do not qualify as money unless redeemed; liable to GST: AAAR

Case Details: Appellate Authority for … Continue reading “Vouchers are goods and do not qualify as money unless redeemed; liable to GST: AAAR”

News, Blog, GST & Customs

February 17, 2026

CBIC issued guidelines for recovery proceedings in case of mismatch in GSTR-1 & GSTR-3B

Instruction No. 01/2022-GST Dated January … Continue reading “CBIC issued guidelines for recovery proceedings in case of mismatch in GSTR-1 & GSTR-3B”

Blog, News, GST & Customs

February 17, 2026

GSTN issued advisory on Revamped Search HSN Code Functionality on portal

GSTN Update Dated January 7th, … Continue reading “GSTN issued advisory on Revamped Search HSN Code Functionality on portal”

Blog, News, FEMA & Banking

February 24, 2026

RBI hikes threshold for deposits made by non-financial small businesses by 50% to Rs 7.5 cr for maintenance of LCR

Circular no. RBI/2021-22/151 DOR.No.PRD.LRG.79/21.04.098/2021-22, Dated: … Continue reading “RBI hikes threshold for deposits made by non-financial small businesses by 50% to Rs 7.5 cr for maintenance of LCR”

News, Blog, Company Law

February 17, 2026

Issuance of NCDs to a selected group via private placement couldn’t be termed as deposits u/s 2(2) of TNPID Act: HC

Case Details: Ravi Parthasarathy v. … Continue reading “Issuance of NCDs to a selected group via private placement couldn’t be termed as deposits u/s 2(2) of TNPID Act: HC”

Blog, News, GST & Customs

February 17, 2026

CBIC notified exchange rates effective from January 7th, 2022

Notification No.02/2022-Customs (N.T.) Dated January … Continue reading “CBIC notified exchange rates effective from January 7th, 2022”

Blog, News, GST & Customs

February 17, 2026

Demand order not preceded by Form GST DRC-01 and Form GST DRC-01A to be set aside: HC

Case Details: Shri Tyres v. … Continue reading “Demand order not preceded by Form GST DRC-01 and Form GST DRC-01A to be set aside: HC”

Blog, News, FEMA & Banking

February 25, 2026

NRIs/OCIs don’t require RBI’s prior approval to acquire/transfer immovable property in India, clarifies RBI

Press Release: 2021-2022/1439. Dated: 29.12.2021 … Continue reading “NRIs/OCIs don’t require RBI’s prior approval to acquire/transfer immovable property in India, clarifies RBI”

Blog, News, Insolvency and Bankruptcy Code

February 23, 2026

Term loan shown in the balance sheet of corporate debtor amounts to an acknowledgement of debt: CIRP plea righty admitted

Case details: Hemanshu Jamnadas Domadia … Continue reading “Term loan shown in the balance sheet of corporate debtor amounts to an acknowledgement of debt: CIRP plea righty admitted”