News Updates
Direct tax
ITAT Exempts Unexercised ESOP Compensation
The Mumbai ITAT held that a one-time voluntary compensation received for the…
Supreme Court Upholds ITSC Settlement Finality
The Supreme Court held that an Assessing Officer cannot reopen or reassess…
Delhi High Court Orders Fresh ITAT Hearing
The Delhi High Court quashed seven ITAT orders involving Patanjali Ayurved Ltd….
News : SC to Hear Centre’s Challenge Against P&H HC…
The Supreme Court is set to hear the Centre’s challenge against the…
Indirect tax
GST Demand Set Aside for Unsigned Statutory Documents
The Rajasthan High Court held that unsigned GST notices and adjudication orders…
GST Treatment of Business Transfer as a Going Concern
The West Bengal AAR held that transfer of the proprietorship business to…
Bombay High Court Examines Validity of Consolidated GST Show Cause…
The Bombay High Court held that a consolidated GST show cause notice…
GST Enables Appeals Against Zero Demand Orders
The GST Portal has removed the validation restricting appeals against demand orders…
Audit & accounting
ICAI Releases 77th Report
The ICAI’s 77th Annual Report highlights the Institute’s key achievements, governance initiatives,…
ICAI’s Global Networking Guidelines
ICAI has issued the ICAI (Global Networking) Guidelines, 2025, prescribing the framework…
Compendium of Information Systems Audit Standards released by ICAI
The ICAI has released a Compendium of Information Systems Audit Standards consolidating…
Effective Communication Between Statutory Auditors and Those Charged with Governance,…
This circular issued by NFRA emphasizes the need for robust, documented, and…
Corporate Laws
SEBI Proposes Stronger MII Business Continuity
SEBI has proposed enhancements to the Business Continuity Plan and Disaster Recovery…
SEBI Proposal on Cybersecurity for MII Subsidiaries
SEBI seeks public feedback on extending the IT and Cyber Security Framework…
SEBI Reviews Closing Auction And Derivatives Settlement
SEBI’s consultation paper seeks public feedback on revising derivatives settlement methodology, Closing…
IBBI Proposes Stronger Personal Guarantor Safeguards
IBBI has proposed amendments to strengthen safeguards in the insolvency resolution process…
SEBI Extends Angel Fund Compliance Timeline till March 31, 2027
SEBI has extended the compliance deadline for Angel Funds registered on or…
Banking & Finance
NBFC Stressed Assets Framework Amended
RBI has amended the NBFC Resolution of Stressed Assets Directions, 2026 to…
NBFC Credit Directions Amended
RBI has amended the NBFC Credit Facilities Directions, 2026 to revise the…
RBI ombudsman FAQs updated
RBI updates FAQs on Integrated Ombudsman Scheme, 2026 to clarify grievance redressal…
RBI streamlines NBFC registration surrender
Voluntary Surrender of Certificate of Registration by NBFCs (including HFCs) for Cancellation…
RBI eases NBFC compliance norms
RBI Grants Exemption to NBFCs with No Public Funds and No Customer…
Other laws
IFSCA Consolidates Fund Management Regulations
The consolidated regulations establish the regulatory framework for Fund Management Entities, investment…
Supreme Court Clarifies Corporate Criminal Liability; Sanofi India Ltd.
The Supreme Court held that a corporate prosecution cannot be quashed solely…
IFSCA Expands Capital Market Rating Provisions
The amendment modifies Regulation 28(5) of the IFSCA (Capital Market Intermediaries) Regulations,…
IFSCA Strengthens Securities Market Abuse Controls
The IFSCA (Prohibition of Market Abuse in Securities Markets) Regulations, 2026 establish…
IFSCA Notifies Comprehensive Employee Service Regulations
The IFSCA Employees Service Regulations, 2026 establish the statutory framework governing employees…