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Month: June 2026

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  • 2026
  • June
  • Page 8
IBBI Overhauls CIRP Regulations to Streamline Insolvency Resolution
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IBBI Overhauls CIRP Regulations to Streamline Insolvency Resolution

The Insolvency and Bankruptcy Board of India (IBBI) officially notified the Corporate Insolvency Resolution Process (CIRP) Amendment Regulations 2026 this week, marking a significant regulatory push to minimize litigation and…
Posted by Prasenjit Bhowmik June 5, 2026
IBBI Overhauls Liquidation Framework to Empower Committee of Creditors
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IBBI Overhauls Liquidation Framework to Empower Committee of Creditors

The Insolvency and Bankruptcy Board of India (IBBI) has officially amended its liquidation regulations this week, fundamentally shifting the power dynamic by placing the Committee of Creditors (CoC) at the…
Posted by Prasenjit Bhowmik June 5, 2026
India Streamlines Trade with Oman through Strategic CEPA Integration
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India Streamlines Trade with Oman through Strategic CEPA Integration

The Directorate General of Foreign Trade (DGFT) has officially amended the Handbook of Procedures (HBP) to integrate the India-Oman Comprehensive Economic Partnership Agreement (CEPA) into the existing Certificate of Origin…
Posted by Prasenjit Bhowmik June 5, 2026
Tax Professionals Lobby for Simplification of TDS Return Codes 1023 and 1024
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Tax Professionals Lobby for Simplification of TDS Return Codes 1023 and 1024

Streamlining Compliance in Tax ReportingTax professionals and industry bodies have formally requested that the Central Board of Direct Taxes (CBDT) merge TDS return codes 1023 and 1024, citing unnecessary administrative…
Posted by Prasenjit Bhowmik June 5, 2026
ICAI Opens Empanelment for CA Live Virtual Classes Faculty
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ICAI Opens Empanelment for CA Live Virtual Classes Faculty

The Institute of Chartered Accountants of India (ICAI) has officially invited Expressions of Interest (EoI) from seasoned professionals and academic experts to join its Board of Studies (BoS) as faculty…
Posted by Prasenjit Bhowmik June 5, 2026
DGFT Authorises PDCCI to Issue Non-Preferential Certificates of Origin
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DGFT Authorises PDCCI to Issue Non-Preferential Certificates of Origin

The Directorate General of Foreign Trade (DGFT), India's primary agency for trade regulations, has officially authorized the Porbandar District Chamber of Commerce & Industries (PDCCI) to issue Non-Preferential Certificates of…
Posted by Prasenjit Bhowmik June 5, 2026
PFRDA Launches StAR NPS Platform to Digitally Transform Pension Onboarding
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PFRDA Launches StAR NPS Platform to Digitally Transform Pension Onboarding

The Pension Fund Regulatory and Development Authority (PFRDA) officially launched its StAR NPS platform this week, introducing a fully digital, assisted onboarding process for National Pension System (NPS) subscribers across…
Posted by Prasenjit Bhowmik June 5, 2026
IFSCA Issues Urgent Advisory on Cyber Security Risks from Frontier AI Models
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IFSCA Issues Urgent Advisory on Cyber Security Risks from Frontier AI Models

The International Financial Services Centres Authority (IFSCA) issued a formal advisory this week to all regulated entities, warning that the rapid evolution of frontier artificial intelligence models has introduced significant…
Posted by Prasenjit Bhowmik June 5, 2026
Indian Railways Faces Legal Accountability: Landmark Consumer Dispute Over Service Negligence
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Indian Railways Faces Legal Accountability: Landmark Consumer Dispute Over Service Negligence

The North Western Railway and the Union of India have officially filed an appeal against a 2022 ruling by the District Consumer Disputes Redressal Commission (DCDRC) in Sri Ganganagar, which…
Posted by Prasenjit Bhowmik June 5, 2026
Rashtriya Ispat Nigam Ltd Faces Legal Scrutiny Over Service Tax Appeals
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Rashtriya Ispat Nigam Ltd Faces Legal Scrutiny Over Service Tax Appeals

Legal Battle Over Service Tax ObligationsRashtriya Ispat Nigam Ltd (RINL), the corporate entity behind the Visakhapatnam Steel Plant, is currently embroiled in a significant legal dispute regarding service tax liabilities.…
Posted by Prasenjit Bhowmik June 5, 2026

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Recent Posts

  • ITAT Limits Tax Authority Powers: Reassessments Require Independent Verification
  • ITAT Remands Section 270A Penalty Case if Quantum Appeal Was Still Pending
  • Calcutta High Court Ruling Establishes TDS Records as Legal Proof of Financial Relationships
  • CESTAT Ruling Strengthens CENVAT Credit Eligibility Based on Service Nexus
  • NCLAT Finalizes Resolution Plan Stance, Dismissing GNIDA Appeal

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