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Month: September 2026

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Close-up of a vintage handwritten ledger detailing financial records and accounts.
Posted inBlog

RBI Proposes Standard Operating Procedure for Suspected Money Mule Accounts

Discover the draft Know Your Customer Amendment Directions regarding temporary debit holds on suspected money mule accounts and financial fraud.
Posted by Prasenjit Bhowmik September 12, 2026
Woman in floral dress shopping online with a laptop and credit card indoors.
Posted inBlog

Understanding the Consumer Protection E-Commerce Amendment Rules 2026

Explore the Consumer Protection E-Commerce Amendment Rules 2026, featuring new regulations on transparency, dark patterns, and seller disclosures.
Posted by Prasenjit Bhowmik September 12, 2026
Close-up of an office directory sign showing administration and legal departments.
Posted inBlog

ICSI Proposes Legal Status for Deemed Government Companies under Companies Act

ICSI asks the Ministry of Corporate Affairs for official statutory recognition and regulatory reliefs for deemed government companies.
Posted by Prasenjit Bhowmik September 12, 2026
A symbolic representation of real estate finance featuring keys, model houses, and euro banknotes.
Posted inBlog

Understanding Consumer Rights in Insurance Mis-Selling Disputes

Learn about consumer rights regarding insurance mis-selling, fixed deposit policy disputes, and legal recourse steps based on recent judicial findings.
Posted by Prasenjit Bhowmik September 12, 2026
A top view of euro banknotes, a miniature architectural model, and a key symbolizing property investment.
Posted inBlog

ITAT Mumbai Rules on Section 154 Rectification for Partner Remuneration

Discover how ITAT Mumbai deleted partner remuneration disallowance made via Section 154 rectification without proper notice or reasoning.
Posted by Prasenjit Bhowmik September 12, 2026
U.S. 1040 tax form with 2021 planner on a pastel pink background, symbolizing tax season.
Posted inBlog

ITAT Mumbai Rules IBC Resolution Plan Extinguishes Unclaimed Tax Reassessment

ITAT Mumbai holds that tax reassessment and demands cannot survive if pre-CIRP tax claims were omitted from an approved resolution plan.
Posted by Prasenjit Bhowmik September 12, 2026
Close-up view of cut hardwood logs stacked together, featuring visible moss.
Posted inBlog

ITAT Mumbai Rules on Section 12AB Renewal and Trust Irrevocability Clauses

Explore the ITAT Mumbai ruling stating that the absence of an express irrevocability clause alone cannot defeat a Section 12AB trust renewal application.
Posted by Prasenjit Bhowmik September 12, 2026
Elderly man with eyeglasses reviewing documents at a laptop. Indoor setting with natural light.
Posted inBlog

SBI Secures Major Victory at Mumbai ITAT on Pension Liability and NPA Real Income

Mumbai ITAT rules in favor of SBI, allowing actuarial pension provision as an accrued liability and rejecting retrospective Safe Harbour Rules.
Posted by Prasenjit Bhowmik September 12, 2026
Close-up of calculators and a sticky note labeled 'Tax Season', symbolizing tax preparation.
Posted inBlog

ITAT Mumbai Rules Uncorroborated Excel Data Invalid for Income Tax Additions

ITAT Mumbai rules that uncorroborated Excel data cannot sustain tax additions, deleting major additions on presumptive loans and debtor entries.
Posted by Prasenjit Bhowmik September 12, 2026
A captivating aerial shot of UCLA's famous Rose Bowl stadium in Los Angeles.
Posted inBlog

Gujarat High Court Rules Section 115JB MAT Inapplicable to National Dairy Development Board

Gujarat High Court dismisses Revenue appeals for AYs 2010-14, ruling that Minimum Alternate Tax under Section 115JB does not apply to the National Dairy Development Board.
Posted by Prasenjit Bhowmik September 12, 2026

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