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Blog, News, Company Law

February 24, 2026

Govt. delegates power to NFRA to appoint its top officials

NOTIFICATION No, S.O. 35(E)., Dated … Continue reading “Govt. delegates power to NFRA to appoint its top officials”

Blog, News, FEMA & Banking

February 17, 2026

RBI includes ‘Airtel Payments Bank Limited” in the Second Schedule of the RBI Act, 1934

Circular No. RBI/2021-22/148 DOR.RET.REC.76/12.07.160/2021-22 January … Continue reading “RBI includes ‘Airtel Payments Bank Limited” in the Second Schedule of the RBI Act, 1934”

Blog, News, Income Tax

February 17, 2026

Aerators used for prawn farming can’t be treated as equipment for pollution control; not eligible for 100% dep.: HC

Case Details: Industrial Incubators (P.) … Continue reading “Aerators used for prawn farming can’t be treated as equipment for pollution control; not eligible for 100% dep.: HC”

Blog, News, Income Tax

February 16, 2026

DRP can’t condone delay in filing objections by assessee before Panel: Bangalore ITAT

Case Details: Lam Research (India) … Continue reading “DRP can’t condone delay in filing objections by assessee before Panel: Bangalore ITAT”

Blog, News, GST & Customs

February 16, 2026

Children Scooter, Smart Tricycle etc. fitted with electronic circuit will be taxable at 18% under GST: AAR

Case Details: Authority for Advance … Continue reading “Children Scooter, Smart Tricycle etc. fitted with electronic circuit will be taxable at 18% under GST: AAR”

News, Blog, GST & Customs

February 24, 2026

HC rejects bail application of petitioner who was not in custody & already released on interim bail

Case Details: Vishal Gupta v. … Continue reading “HC rejects bail application of petitioner who was not in custody & already released on interim bail”

Blog, News, Account & Audit

February 24, 2026

Exposure Draft of Revised Accounting Standard Issued by ICAI

The Accounting Standards Board (ASB) … Continue reading “Exposure Draft of Revised Accounting Standard Issued by ICAI”

Blog, News, Income Tax

February 12, 2026

Word ‘exclusively’ used in Sec. 40(a)(iib) can’t be defeated if Govt. issued licence to more than one undertaking: SC

Case Details: Kerala State Beverages … Continue reading “Word ‘exclusively’ used in Sec. 40(a)(iib) can’t be defeated if Govt. issued licence to more than one undertaking: SC”

News, Blog, Income Tax

February 24, 2026

Dilemmas of AOPs engaged in business

V. K. SUBRAMANI – [2021] … Continue reading “Dilemmas of AOPs engaged in business”

Blog, News, GST & Customs

February 24, 2026

No Customs Duty on import of COVID-19 vaccine till 30th June, 2022: Notification

Notification No. 61/2021-Customs Dated December … Continue reading “No Customs Duty on import of COVID-19 vaccine till 30th June, 2022: Notification”