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Global Watchdog FATF Sets New Asset Recovery Standards, Highlights India’s Model Approach

Sandhra Suresh

In a major stride toward strengthening global financial integrity, the Financial Action Task Force (FATF) has released a new set of asset recovery...

ITC Cannot Be Blocked Merely on Suspicion without Written ‘Reasons to Believe’ u/r 86A: Allahabad HC...

KPMG Ends Overtime Pay for UK Junior Auditors Amid Cost Management and Workflow Shift

Supreme Court to Determine Whether Security Deposits on Real Estate Deals are Genuine or a Means to...

ICAI removes CA from Register for 3 Years Following Karnataka HC’s Order [Read Notification]

Supreme Court & High Courts Weekly Round-Up

This weekly round-up analytically summarises the key stories related to the Supreme Court & High Courts reported at Taxscan.in during the previous week, from November 2, 2025 to November 8,...

Taxability of Issuance of Bonus Shares: Supreme Court to Hear Matter [Read Judgement]

The Supreme Court of India is set to examine the question of whether the issuance of bonus shares amounts to taxable income under the Income Tax Act, 1961. The case arises from a judgment of the...

Limitation Act Applies to IBC: NCLT Condones Delay in Kerala Financial Corp's Bankruptcy Applications [Read Order]

While allowing the bankruptcy applications filed by Kerala Financial Corporation against personal guarantors, the Kochi bench of National Company Law Tribunal (NCLT) has held that the provisions of...

India Extends ADD on Flax Fabric Imports from China and Hong Kong [Read Notification]

The Ministry of Finance (Department of Revenue) has issued Notification No. 31/2025-Customs (ADD) dated November 7, 2025, announcing the continuation of the anti-dumping duty on imports of Flax or...

CBIC may launch New Integrated Digital System to cut Customs Clearance Time

The CBIC is preparing a major digital overhaul of India’s customs processes with the aim of drastically reducing clearance times for imports and exports. Under the plan, which could be announced in...

RBI’s Move to Ease Acquisition Financing Restrictions Boosts to Real Economy

The ReserveBank of India’s decision to lift curbs on acquisition financing by banks is expected to unlock new avenues for strategic lending and corporate consolidation, according to Deputy Governor...

Fiduciary Bar on Minutes and Voting Record Disclosure: IBBI Declines RTI Appeal seeking CoC Voting Results [Read Order]

In a recent ruling under the Right to Information Act, the Insolvencyand Bankruptcy Board of India (IBBI) has dismissed an appeal seeking disclosure of Committee of Creditors’ (CoC) voting results in...

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