![RBI Notifies New FEMA Regulations for Cross-Border Guarantees, Makes Quarterly Reporting Mandatory [Read Notification]](https://images.taxscan.in/h-upload/2026/01/11/500x300_2118333-rbi-fema-regulations-cross-border-guarantees-quarterly-reporting-mandatory-taxscan.webp "RBI Notifies New FEMA Regulations for Cross-Border Guarantees, Makes Quarterly Reporting Mandatory [Read Notification]")
RBI Notifies New FEMA Regulations for Cross-Border Guarantees, Makes Quarterly Reporting Mandatory [Read Notification]
The Reserve Bank of India (RBI) issued notification on 6 January 2026 about the Foreign Exchange Management (Guarantees) Regulations, 2026. This...
![Manufacturing Entity Fails to Qualify 75% Trading Turnover Filter: ITAT Orders Deletion of Comparable [Read Order]](https://images.taxscan.in/h-upload/2026/01/11/250x150_2118331-manufacturing-entity-trading-turnover-itat-orders-taxscan.webp "Manufacturing Entity Fails to Qualify 75% Trading Turnover Filter: ITAT Orders Deletion of Comparable [Read Order]")
![₹55 Crore Service Tax Evasion a ‘Serious Economic Offence’: Punjab & Haryana HC Denies Bail to Director [Read Order]](https://images.taxscan.in/h-upload/2026/01/11/250x150_2118327-service-tax-evasion-serious-economic-offence-punjab-haryana-hc-bail-director-taxscan.webp "₹55 Crore Service Tax Evasion a ‘Serious Economic Offence’: Punjab & Haryana HC Denies Bail to Director [Read Order]")
![Centre Announces New Interest Rate on Special Deposit Scheme for Non-Govt Provident, Superannuation and Gratuity Funds [Read Notification]](https://images.taxscan.in/h-upload/2026/01/11/250x150_2118325-interest-rate-special-deposit-scheme-superannuation-gratuity-funds-taxscan.webp "Centre Announces New Interest Rate on Special Deposit Scheme for Non-Govt Provident, Superannuation and Gratuity Funds [Read Notification]")
Relief to Thermo Fisher in Transfer Pricing Dispute: ITAT Partly Allows Appeal on Royalty ALP, Benchmarking, Comparables, Aggregation and Working Capital Adjustments [Read Order]
The Mumbai Bench of the Income Tax AppellateTribunal (ITAT) has partly allowed the appeal filed by Thermo Fisher Scientific India Pvt. Ltd. in a transfer pricing dispute involving determination of...
![Relief to Thermo Fisher in Transfer Pricing Dispute: ITAT Partly Allows Appeal on Royalty ALP, Benchmarking, Comparables, Aggregation and Working Capital Adjustments [Read Order]](https://images.taxscan.in/h-upload/2026/01/11/500x300_2118312-thermo-fisher-transfer-pricing-itat-appeal-royalty-alp-benchmarking-comparables-aggregation-working-capital-adjustments-taxscan.webp "Relief to Thermo Fisher in Transfer Pricing Dispute: ITAT Partly Allows Appeal on Royalty ALP, Benchmarking, Comparables, Aggregation and Working Capital Adjustments [Read Order]")
No Evidence to Prove CA involved in Forgery of Signature and Share Manipulation: ICAI Drops Charges [Read Order]
The Institute of Chartered Accountants of India ( ICAI ) dropped professional misconduct charges as there was no evidence to prove the involvement of the share manipulation and forgery by the...
![No Evidence to Prove CA involved in Forgery of Signature and Share Manipulation: ICAI Drops Charges [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118206-no-evidence-prove-ca-involved-forgery-signature-share-manipulation-icai-drops-charges-taxscan.webp "No Evidence to Prove CA involved in Forgery of Signature and Share Manipulation: ICAI Drops Charges [Read Order]")
Changing Company Name & PAN Shifts Jurisdictional Income Tax Officer: Supreme Court sustains Quashing of Escaped Income Notice [Read Order]
The Supreme Court of India recently declined to interfere with a ruling of the Gujarat High Court by which it quashed an income tax reassessment notice issued under Section 148 of the Income Tax...
![Changing Company Name & PAN Shifts Jurisdictional Income Tax Officer: Supreme Court sustains Quashing of Escaped Income Notice [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118156-pan-shifts-jurisdictional-income-tax-officer-supreme-court-sustains-quashal-escaped-income-notice-taxscan.webp "Changing Company Name & PAN Shifts Jurisdictional Income Tax Officer: Supreme Court sustains Quashing of Escaped Income Notice [Read Order]")
Mere Discrepancy in Counting of Seized Notes cannot Discredit Recovery of Counterfeit Currency: Delhi HC Upholds Conviction [Read Order]
In a recent decision, the Delhi High Court ruled that a minor mistake in counting seized currency notes cannot be a ground to doubt the recovery of counterfeit money. The Court upheld the...
![Mere Discrepancy in Counting of Seized Notes cannot Discredit Recovery of Counterfeit Currency: Delhi HC Upholds Conviction [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118247-mere-discrepancy-counting-seized-notes-taxscan.jfif "Mere Discrepancy in Counting of Seized Notes cannot Discredit Recovery of Counterfeit Currency: Delhi HC Upholds Conviction [Read Order]")
No Substantial Question of Law Found: SC Upholds MP HC Order Affirming ITAT’s Deletion of ₹3.73 Cr Loan Addition [Read Order]
The Supreme Court of India dismissed the Revenue’s Special Leave Petition (SLP) against the Madhya Pradesh High Court’s ruling of upholding the Income Tax Appellate Tribunal’s (ITAT) deletion of an...
![No Substantial Question of Law Found: SC Upholds MP HC Order Affirming ITAT’s Deletion of ₹3.73 Cr Loan Addition [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118170-no-substantial-question-law-found-sc-upholds-mp-hc-order-affirming.webp "No Substantial Question of Law Found: SC Upholds MP HC Order Affirming ITAT’s Deletion of ₹3.73 Cr Loan Addition [Read Order]")
Excel Sheet Found During Income Tax Search at Builder’s Premises Indicating Cash Transaction Sufficient to Initiate Reassessment: Delhi HC [Read Order]
In a recent ruling, the Delhi High Court held that an Excel sheet recovered during an income tax search at a builder’s premises indicating a cash transaction in the name of a taxpayer is sufficient...
![Excel Sheet Found During Income Tax Search at Builder’s Premises Indicating Cash Transaction Sufficient to Initiate Reassessment: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118244-excel-sheet-found-during-income-tax-search-builders-premises-indicating-cash-transaction-sufficient-to-initiate-reassessment-delhi-hc-taxscan.webp "Excel Sheet Found During Income Tax Search at Builder’s Premises Indicating Cash Transaction Sufficient to Initiate Reassessment: Delhi HC [Read Order]")