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Operation White Veil: DRI, Customs, Assam Rifles and Manipur Police Seize ₹55 Crore worth Heroin, Opium and Walkie Talkies

Avinash Kurungot

In a significant crackdown on drug trafficking in the North Eastern Region, a special operation codenamed “Operation White Veil” led to the seizure...

Why Can't We Just Print More Money?

Bonafide TDS Certificate Issuance: Insights from Harsiddh Construction Pvt. Ltd Case

CBDT releases Central Action Plan: Know Key Areas of Focus for FY 2025-26

Absence of Formal Demand Notice for Property Tax Does not Let off Assessee's Obligation to Pay:...

ICAI Releases Exposure Draft on Overseas Network Guidelines for Public Comments

The Institute of Chartered Accountants of India (ICAI) has released an Exposure Draft of the Draft Guidelines for Overseas Network, inviting public comments until June 27, 2025. The guidelines,...

India Will Need 50 Lakh Chartered Accountants by 2050 to Support Economic Growth: ICAI President

India will require as many as 50 lakh (5 million) CharteredAccountants (CAs) by the year 2050 to keep pace with its expanding economy, said Charanjot Singh Nanda, President of the Institute of...

What do ACCAs Actually Do? Roles, Responsibilities and Remuneration

In the evolving global economy, professionals with robust financial acumen and ethical grounding are in high demand. Among the most sought-after qualifications in this domain is the ACCA—Association...

What do CMAs Actually Do? Roles, Responsibilities and Remuneration

What Do CMAs Actually Do? Roles, Responsibilities, and Remuneration In the ever-evolving financial landscape, Certified ManagementAccountants (CMAs) have carved a niche for themselves as strategic...

Non-Payment of Outstanding Lease Rent Amounts to Operational Debt: NCLT [Read Order]

The National Company Law Tribunal (NCLT), New Delhi bench ruled that, in accordance with the Insolvency & Bankruptcy Code, 2016 ("the Code"), the corporate debtor's failure to pay the lease...

Denial of Tax Payment in Installments: Gauhati HC stays Coercive Steps against Petitioner before Disposal of Representation [Read Order]

The Gauhati High Court has granted short-term relief to a GST-registered trader, telling tax officials not to resort to “coercive action” until they pass a reasoned order on the request to clear...

Pledge Shares to Support Sister Concern’s Loan is Business Activity: Madras HC Backs Writing off of ₹8.46 Crore Bad Debt [Read Order]

The Madras High Court has upheld the write-off of ₹8.46 crore as a valid business loss ruling that pledging shares to secure a loan for a sister concern was a legitimate business activity. Chief...

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