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ITAT Limits Tax Reassessment Powers: A Victory for Taxpayer Certainty
ITAT's landmark ruling strengthens taxpayer certainty by limiting tax reassessment powers, preventing arbitrary reopening of past assessments.
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Insurance Accountability: NCDRC Rules on Prolonged Claim Repudiation in Industrial Fire Cases
NCDRC holds insurers accountable for prolonged claim repudiation in industrial fire cases, emphasizing timely settlements and professional conduct.
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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…
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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…
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Mumbai ITAT Grants ₹96.23 Crore Relief to MSEDCL in Landmark Tax Ruling
Mumbai ITAT's landmark ruling grants MSEDCL ₹96.23 crore tax relief, clarifying prior period expense deductibility for businesses.
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SEBI Streamlines Nomination Norms for Demat Accounts and Mutual Funds
The Securities and Exchange Board of India (SEBI) has officially modified its nomination norms for demat accounts and mutual fund folios, responding to widespread feedback from market participants regarding implementation…
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SEBI Unveils Plan to Stabilize Options Strike Prices Amidst Volatility
SEBI introduces a new framework to stabilize options strike prices, combating market volatility and enhancing investor protection.
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Calcutta High Court Bars Unlicensed Lenders from Recovery Decrees Under 1940 Act
Learn how the Calcutta High Court bars unlicensed lenders from recovering debts under the Bengal Money Lenders Act, 1940.