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overnight funds - NAV cut-off - SEBI update - taxscan

SEBI Revises Cut-off Timings for NAV in Overnight Mutual Fund Redemptions [Read Cicular]

The Securities and Exchange Board of India (SEBI) issued this circular to implement changes in the cut-off timings used to determine the Net Asset...

No Income Tax Deduction for Penalty Settlements Under 4 Key Laws: CBDT [Read Notification]

Customs Dept’s Delay adjudication of SCN within 1 Year amount to denying Principle of Natural...

Trust amounts to Association of Person u/s 40(b) of Income Tax Act: Bombay HC [Read Order]

Service Tax Not Leviable on Income from Mall Management Prior to 01.05.2006: CESTAT [Read Order]

Stamping of Invoices Does Not Imply Acceptance of Debt: NCLAT [Read Order]

The National Company Law Appellate Tribunal (NCLAT) New Delhi bench has held that mere stamping of tax/proforma invoices at the site office by lower functionaries of the corporate debtor only...

Street Vendors Hit with Crore-Worth Income Tax, GST Notices: How to Stay Safe from PAN Misuse, Identity Theft

Prince Suman, an egg seller from Damoh, Madhya Pradesh, earns less than Rs. 1 lakh in a year by selling eggs on the streets. But in March 2025, he was shocked to receive a GST notice asking him to...

PAN misuse - GST fraud notice - Income tax scam - Street vendor tax - taxscan

CA Neeraj Udhwani from Jaipur Loses Life in Pahalgam Terror Attack

CA Neeraj Udhwani, a 33-year-old chartered accountant from Jaipur, lost his life in the recent terror attack at Pahalgam, Kashmir. Neeraj was working in Dubai and had come to India to attend a...

CA Neeraj Udhwani - Pahalgam Terror Attack - Jaipur Loses Life in Pahalgam Terror Attack - taxscan

Kannur Taxpayer's Appeal Rejected by ITAT Over Procedural Delay of Nearly 5 Months [Read Order]

The Income Tax Appellate Tribunal (ITAT), Cochin Bench, dismissed an appeal filed by a taxpayer from Kannur, due to a delay of 143 days in filing the appeal without any explanation.Patinhare Purayil...

Section 80JJAA: Know All About Employment Generation Deduction

Introduction The Income Tax Act, 1961, has long incorporated provisions designed not merely to collect revenue but to advance broader policy objectives. Among these, Section 80JJAA has served as a...

Section 80JJAA - Employment Generation Incentives - Employment - taxscan

MCA imposes Penalty for Failure to appoint a Woman Director u/s 149(1) of Companies Act

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty of Rs 5.85 lakhs has been imposed on the...

GST Fraud: Allahabad HC Grants Bail to Accused in ₹31.18 Crore Fake ITC Scam involving 17 Shell Companies [Read Order]

The Allahabad High Court has granted bail to the accused in a ₹31.18 crore Goods and Services Tax ( GST ) fake Input Tax Credit ( ITC ) scam involving 17 shell companies, noting that the trial is yet...

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