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Difference Between Negligence and Gross Negligence

Analysis of negligence and gross negligence under Indian and English contract law, judicial interpretations, UCTA provisions and key distinctions.

Ayushi prakashSeptember 21, 202613 min read

Goods and Services Tax

GST Search, Summons, Arrest and Attachment: Limits on Department Powers

Corporate Law

EPFO Wage Ceiling Hike to Rs. 25,000: Impact on Employees & Employers

Company Law

Private Placement, Rights Issue & Preferential Allotment Procedure Under Companies Act

Company Law

Auditor Exemption From General Meeting Under Section 146 of Companies Act

Income Tax

Article Judiciary Notifications/Circulars News

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Income Tax

Goods and Services Tax

Article Judiciary Notifications/Circulars News

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Goods and Services Tax

GST ITC on Inputs and Capital Goods Sent for Job Work

GST treatment of ITC on inputs and capital goods sent for job work, including time limits, direct dispatch, challans and ITC-04 compliance.

Bhanu pratap ohriSeptember 21, 202612 min read

No GST Recovery During Section 67 Search Proceedings: Gujarat HC

CA Sandeep Kanoi · 2 hours ago

SC Issues Notice on GST Liability of Cross-LoC Barter Trade

CA Sandeep Kanoi · 2 hours ago

Single Section 74 SCN for Multiple Financial Years Invalid: Calcutta HC

CA Sandeep Kanoi · 1 hour ago

IBC Resolution Plan Extinguishes MVAT Dues & Requires Pre-Deposit Refund: Bombay HC

CA Sandeep Kanoi · 40 minutes ago

Corporate Law

Article Judiciary Notifications/Circulars News

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Corporate Law

EPF Wage Ceiling Increased from ₹15,000 to ₹25,000: What Employers Need to Know

EPFO wage ceiling rises to ₹25,000 from 17 September 2026. Understand PF contributions, payroll, CTC, employee coverage and tax implications.

Lalit BabbarSeptember 21, 202613 min read

NCLT Must Pass Reasoned Order on Pre-Existing Quality Dispute: NCLAT Delhi

CA Sandeep Kanoi · 2 hours ago

Moonshine Disputes Cannot Block Section 9 CIRP Admission: NCLAT Delhi

CA Sandeep Kanoi · 1 hour ago

Settlement MOU Does Not Convert Construction Dues Into Non-Operational Debt: NCLAT Delhi

CA Sandeep Kanoi · 1 hour ago

IBBI Clarifies End of Interim Moratorium for Personal Guarantors

Editor · 1 hour ago

Custom Duty

Article Judiciary Notifications/Circulars News

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Custom Duty

Absolute Confiscation Appeals Not Barred by Monetary Limits: Customs Law

Monetary-limit circulars do not bar Customs appeals seeking absolute confiscation of smuggled or prohibited goods, as explained through statutory provisions and precedents.

V R Pavan KumarSeptember 21, 202612 min read

CBIC Clarifies Adjudication of Section 28AAA Customs SCNs Involving DGFT Scrips

Editor · 1 hour ago

CESTAT Allows Customs Exemption for MEG Reclamation Plant Under Notification 50/2017-Cus

CA Sandeep Kanoi · 17 hours ago

Chhattisgarh HC Quashes MOOWR Licence Rejection, Orders Fresh Decision

CA Sandeep Kanoi · 19 hours ago

Bombay HC Quashes Customs Order Over Unanswered VJTI Expert Opinion

CA Sandeep Kanoi · 19 hours ago

Company Law

Article Judiciary Notifications/Circulars News

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Company Law

Genuine Pre-Existing Dispute Defeats Operational Creditor’s Section 9 Plea: NCLAT Delhi

NCLAT upheld rejection of Section 9 IBC plea as service deficiencies raised before demand notice constituted genuine pre-existing disputes.

CA Sandeep KanoiSeptember 21, 202617 min read

Company Revival Allowed Despite Minority Shareholders’ Objections: Bombay HC

CA Sandeep Kanoi · 47 minutes ago

Takeover Offer Under Section 230 Scheme: Rules, Valuation & Minority Shareholders

Sushil Kumar Antal · 2 hours ago

Compliance Checklist – Private Placement of Shares under Companies Act 2013

Deepika Pathania · 5 hours ago

NCLT Sanctions Thegot Hospitality-Muhavra Enterprises Amalgamation Scheme

CA Sandeep Kanoi · 18 hours ago

CA, CS, CMA

Article Judiciary Notifications/Circulars News

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CA, CS, CMA

Analysis of Notifications and Circulars for Week Ending 13th September 2026

Key Income Tax, GST, Customs, DGFT, SEBI, IBBI and RBI updates issued during 7–13 September 2026.

Yash Paul BholaSeptember 19, 202617 min read

Jalandhar CAs Seek Tax Audit Due Date Extension to 31 October 2026

editor7 · 2 days ago

Service Concession Arrangements under Ind AS 115: Accounting for BOT Bus Stops

CA Aman Rajput · 4 days ago

ICAI Guidance Note on Financial Statements of Non-Corporate Entities: Phase II from April 1, 2026

CA Pawan Kumar · 4 days ago

Analysis of Notifications and Circulars for Week Ending 6th September 2026

Yash Paul Bhola · 6 days ago

DGFT

Article Judiciary Notifications/Circulars News

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DGFT

DGFT Allows 7-Day Window to Clear Pending Pre-Shipment Inspection Certificates

DGFT revises the PSIC issuance timeline to 2 days and grants a one-time seven-day relaxation for backlog PSICs.

EditorSeptember 18, 20263 min read

DGFT Exempts Exports up to ₹3 Lakh from RCMC Requirements

Editor · 5 days ago

DGFT Seeks Comments on Non-Preferential Rules of Origin for Exports & Imports

Editor · 6 days ago

DGFT Extends Raw Sugar TRQ Surrender Deadline to 30 September 2026

Editor · 6 days ago

DGFT Invites Comments on Proposed Suspension of 544 SIONs

Editor · 1 week ago

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Judiciary & Case Law

All Judgments →

ITAT Ahmedabad ITA No. 345 /Ahd/2021

0.25% Commission Rate Reasonable on Unexplained Bank Deposits: ITAT Ahmedabad

ITAT Ahmedabad restricts commission income to 0.25% of ₹158 crore bank deposits where assessee failed to furnish supporting details.

September 21, 2026

ITAT Mumbai ITA No. 722/Mum/2022

Management Fee TP Adjustment Cannot Be Made Without Justifying CUP Over TNMM: ITAT Mumbai

ITAT Mumbai deleted Rs.119.53 crore management fee TP adjustment, holding TPO could not reject TNMM or value bundled intra-group services at nil.

September 21, 2026

ITAT Pune ITA No. 380/PUN/2020

Rule 8D 1% Amendment Not Retrospective; Section 10(38) Loss Carry Forward Denied: ITAT Pune

ITAT Pune rejects retrospective 1% Rule 8D rate, deletes interest disallowance but denies carry forward of Section 10(38) share loss.

September 21, 2026

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Difference Between Negligence and Gross Negligence

GST Search, Summons, Arrest and Attachment: Limits on Department Powers

EPFO Wage Ceiling Hike to Rs. 25,000: Impact on Employees & Employers

Private Placement, Rights Issue & Preferential Allotment Procedure Under Companies Act

Auditor Exemption From General Meeting Under Section 146 of Companies Act

Taxman in Your Inbox: Privacy and Search Powers under Income-tax Act, 2025

Section 54 Allows Habitable-House Costs and Multiple Houses: ITAT Mumbai

6% Interest Payable on Delayed Vivad Se Vishwas Refund: Bombay HC

Section 69A Demonetisation Cash Addition Restored for Verification: ITAT Mumbai

GST ITC on Inputs and Capital Goods Sent for Job Work

No GST Recovery During Section 67 Search Proceedings: Gujarat HC

SC Issues Notice on GST Liability of Cross-LoC Barter Trade

Single Section 74 SCN for Multiple Financial Years Invalid: Calcutta HC

IBC Resolution Plan Extinguishes MVAT Dues & Requires Pre-Deposit Refund: Bombay HC

EPF Wage Ceiling Increased from ₹15,000 to ₹25,000: What Employers Need to Know

NCLT Must Pass Reasoned Order on Pre-Existing Quality Dispute: NCLAT Delhi

Moonshine Disputes Cannot Block Section 9 CIRP Admission: NCLAT Delhi

Settlement MOU Does Not Convert Construction Dues Into Non-Operational Debt: NCLAT Delhi

IBBI Clarifies End of Interim Moratorium for Personal Guarantors

Absolute Confiscation Appeals Not Barred by Monetary Limits: Customs Law

CBIC Clarifies Adjudication of Section 28AAA Customs SCNs Involving DGFT Scrips

CESTAT Allows Customs Exemption for MEG Reclamation Plant Under Notification 50/2017-Cus

Chhattisgarh HC Quashes MOOWR Licence Rejection, Orders Fresh Decision

Bombay HC Quashes Customs Order Over Unanswered VJTI Expert Opinion

Genuine Pre-Existing Dispute Defeats Operational Creditor’s Section 9 Plea: NCLAT Delhi

Company Revival Allowed Despite Minority Shareholders’ Objections: Bombay HC

Takeover Offer Under Section 230 Scheme: Rules, Valuation & Minority Shareholders

Compliance Checklist – Private Placement of Shares under Companies Act 2013

NCLT Sanctions Thegot Hospitality-Muhavra Enterprises Amalgamation Scheme

Analysis of Notifications and Circulars for Week Ending 13th September 2026

Jalandhar CAs Seek Tax Audit Due Date Extension to 31 October 2026

Service Concession Arrangements under Ind AS 115: Accounting for BOT Bus Stops

ICAI Guidance Note on Financial Statements of Non-Corporate Entities: Phase II from April 1, 2026

Analysis of Notifications and Circulars for Week Ending 6th September 2026

DGFT Allows 7-Day Window to Clear Pending Pre-Shipment Inspection Certificates

DGFT Exempts Exports up to ₹3 Lakh from RCMC Requirements

DGFT Seeks Comments on Non-Preferential Rules of Origin for Exports & Imports

DGFT Extends Raw Sugar TRQ Surrender Deadline to 30 September 2026

DGFT Invites Comments on Proposed Suspension of 544 SIONs

0.25% Commission Rate Reasonable on Unexplained Bank Deposits: ITAT Ahmedabad

Management Fee TP Adjustment Cannot Be Made Without Justifying CUP Over TNMM: ITAT Mumbai

Rule 8D 1% Amendment Not Retrospective; Section 10(38) Loss Carry Forward Denied: ITAT Pune

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