Fake ICAI Result Date Notification Sparks Confusion Among CA Students
A huge wave of confusion has spread through the Chartered Accountancy(CA) students' community after A notification claiming that the CA Final,...
![No S. 80-IC Benefit on Duty Drawback as it is not Income Derived from Industrial Undertaking: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2026/02/21/2126625-no-s-80-ic-benefit-on-dutyjpg.webp "No S. 80-IC Benefit on Duty Drawback as it is not Income Derived from Industrial Undertaking: Delhi HC [Read Order]")
Foreign Tax Credit Cannot Be Denied for Delay in Filing Form 67, PCIT Has Power to Condone Default u/s 264: Delhi HC [Read Order]
In a recent ruling, the Delhi High Court held that foreign tax credit (FTC) cannot be denied only because Form 67 was filed late and the Principal Commissioner of Income Tax (PCIT) has enough power...
![Foreign Tax Credit Cannot Be Denied for Delay in Filing Form 67, PCIT Has Power to Condone Default u/s 264: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2026/02/20/2126529-foreign-tax-credit-cannot-be-denied-for-delay-in-filing-form-67-taxscan.webp "Foreign Tax Credit Cannot Be Denied for Delay in Filing Form 67, PCIT Has Power to Condone Default u/s 264: Delhi HC [Read Order]")
ICAI Notifies ‘Global Networking Guidelines, 2025’ to Regulate Cross-Border CA Networks [Read Notification]
The Institute of Chartered Accountants of India (ICAI) has notified the ICAI (Global Networking) Guidelines, 2025 formalising a regulatory architecture for collaboration between domestic Chartered...
![ICAI Notifies ‘Global Networking Guidelines, 2025’ to Regulate Cross-Border CA Networks [Read Notification]](https://images.taxscan.in/h-upload/2026/02/20/2126458-global-networking-guidelines-ca-networks-taxscan.webp "ICAI Notifies ‘Global Networking Guidelines, 2025’ to Regulate Cross-Border CA Networks [Read Notification]")
Commercial Wisdom of CoC Non-Justiciable, Promoter’s Higher Settlement Offer Cannot Stall CIRP Without 90% Approval: Supreme Court [Read Judgement]
The Supreme Court held that the commercial wisdom of the Committee of Creditors (CoC) is not justiciable, and even if a promoter gives a higher settlement offer, CIRP cannot be stalled unless the...
![Commercial Wisdom of CoC Non-Justiciable, Promoter’s Higher Settlement Offer Cannot Stall CIRP Without 90% Approval: Supreme Court [Read Judgement]](https://images.taxscan.in/h-upload/2026/02/19/2126378-supreme-court-commercial-wisdom-coc-non-justiciable-promoter-cirp-promoter-settlement-taxscan.webp "Commercial Wisdom of CoC Non-Justiciable, Promoter’s Higher Settlement Offer Cannot Stall CIRP Without 90% Approval: Supreme Court [Read Judgement]")
COVID-19 Window u/s 10A IBC Not Applicable If Default Predates 25 March 2020: Supreme Court Holds Failed Restructuring Can’t Shift Default Date [Read Judgement]
The Supreme Court of India held that the COVID-19 protection under Section 10A of the Insolvency And Bankruptcy Code, 2016 (IBC) does not apply if the default happened before 25 March 2020, and...
![COVID-19 Window u/s 10A IBC Not Applicable If Default Predates 25 March 2020: Supreme Court Holds Failed Restructuring Can’t Shift Default Date [Read Judgement]](https://images.taxscan.in/h-upload/2026/02/19/2126358-covid-19-supreme-court-supreme-court-ibc-judgment-default-date-ibc-case-ibc-restructuring-ruling-covid-19-window-under-ibc-taxscan.webp "COVID-19 Window u/s 10A IBC Not Applicable If Default Predates 25 March 2020: Supreme Court Holds Failed Restructuring Can’t Shift Default Date [Read Judgement]")
![Supreme Court Stays TDS Demand Notices Against SBI in Foreign LTC Reimbursement Case [Read Judgement]](https://images.taxscan.in/h-upload/2026/02/19/2126337-supreme-court-stays-tds-demand-sbi-in-foreign-ltc-.webp "Supreme Court Stays TDS Demand Notices Against SBI in Foreign LTC Reimbursement Case [Read Judgement]")
ICAI Tightens UDIN Rules: Field-Level Validation Live, 60 Tax Audit Cap per Partner from April 1, 2026
The Institute of Chartered Accountants of India (ICAI) has tightened rules for UDIN (unique document identification number) generation in tax audits, rolling out field-level validation across all ...
