
IRDAI Facilitates Ind AS Implementation; 11 Insurers Adopt Ind AS from FY 2026-27
IRDAI facilitates implementation of Ind AS across the insurance sector, with 11 insurers adopting Ind AS from FY 2026-27 and three insurers submitting Q1 financial numbers under the new framework.

IBBI Circular on Due Diligence by Insolvency Professionals Regarding Misuse of IBC Framework

ITAT Pune condones delay and remands appeal to CIT(A) for fresh adjudication

Two SCNs Retain Separate Legal Identity Despite Common Investigation: Delhi HC

Section 139(8a) To 263(6): Did Updated Return Regime Actually Change?

ITAT Condones 163-Day Delay and Remands Section 69A Assessment for Fresh Adjudication

153C Notice Quashed as Deemed Search Date Fell After Cut-off: Delhi ITAT

Section 153C Assessments Quashed as Deemed Search Date Fell After 01.04.2021 by Delhi ITAT

Mumbai ITAT Quashes Reassessment for Pre-Return 143(2) Notice, Deletes ₹2 Crore Section 68 Addition

Imported Lead Powder Classifiable as Lead Concentrate Under Heading 26070000: CESTAT Ahmedabad

Cloud Point Alone Cannot Justify Seizure of Distillate Marine Fuel: Gujarat HC

CESTAT Rejects Chapter 78 Classification of Imported Lead-Bearing Material

One-Year EPR Registration Valid for Plastic Import Clearance: CBIC

AGM Extension for FY 2025-26: Section 96 & GNL-1 Guide

NCLAT Upholds NCLT Jurisdiction Over Interim Oppression Proceedings in Exclusive Capital Dispute

NCLT Mumbai Dispenses Stakeholder Meetings for Tata Motors Group Amalgamation Scheme

Essar Power gets Scheme approval for brand demerger & capital restructuring: NCLT Ahmedabad

161 Legal Compliances and Legal Updates for Sep-2026 in India

ICAI President’s Message: Advancing Financial Literacy, Global Professional Pathways & Financial Empowerment

CA Association Seeks Extension of Tax Audit and ITR Due Dates for AY 2026-27

How Underpriced Audits Weaken Anti-Corruption Controls
Penny-Stock LTCG Addition Deleted Without Assessee-Specific Evidence: ITAT Delhi
Delhi ITAT deleted ₹27.83 lakh LTCG addition & consequential commission addition for lack of evidence linking assessee to price rigging.
Delhi ITAT Holds NOIDA Lease Rent TDS Liable, Remands Section 201 Default
Delhi ITAT holds lease rent to NOIDA, Greater NOIDA and YEIDA liable to TDS u/s 194-I, but remands section 201 default for proviso verification.
ITAT Delhi Restricts Contractor Expense Disallowance from 30% to 5%
ITAT Delhi holds 30% contractor expense disallowance ad hoc and excessive, restricting disallowance to 5% where payments remained unverifiable.

Author was Member of ICAI- Capacity Building Committee 2010-11 and ICAI- Committee for Direct Taxes 2011-12…

I am Delhi Delhi-based advocate specializing in tax litigation and advisory, especially to corporates. I represent…
Contributor on tax, GST and corporate-law developments.


















