March 16, 2026

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Financial Fraud A Growing Threat to Businesses and Individuals in India

Financial Fraud: A Growing Threat to Businesses and Individuals in India

Internal Audit A Powerful Tool for Risk Management and Compliance

Internal Audit: A Powerful Tool for Risk Management and Compliance

The Power of Documentation in Audit

The Power of Documentation in Audit

Got an Income Tax Notice or Facing Scrutiny Budget 2026 Brings Relief & a Safety Net

Got an Income Tax Notice or Facing Scrutiny? Budget 2026 Brings Relief & a Safety Net

Good News for Taxpayers in Old Tax Regime Higher HRA Benefits Extended to These New Cities in Draft Income Tax Rules, 2026

Good News for Taxpayers in Old Tax Regime: Higher HRA Benefits Extended to These New Cities in Draft Income Tax Rules, 2026

Income Tax

March 16, 2026 Income Tax

Interest Income of Welfare Society Must Be Set Off Against Member Benefits Payments: ITAT Delhi

ITAT Delhi held that payments made by an employees’ welfare society to members, including death…

March 16, 2026 Income Tax

Reassessment for Pre-CIRP Period Quashed as Resolution Plan Bars Fresh Tax Proceedings

The tribunal ruled that reassessment proceedings for a period prior to the approval of an…

March 16, 2026 Income Tax

Tribunal Order cannot Be Treated as Fresh Information for Reopening: SC

The Supreme Court refused to condone a delay of 262 days in filing the Special…

March 16, 2026 Income Tax

ITAT Mumbai Quashed Section 263 Revision as Reassessment Notice Lacked Proper Sanction

ITAT Mumbai held that reassessment initiated without approval from the correct authority under Section 151…

March 16, 2026 Income Tax

SC Quashed Income Tax Assessment as Notice Issued to Non-Existing Company After Merger

The Supreme Court upheld the invalidation of an assessment order issued in the name of…

March 15, 2026 Income Tax

TDS on Property Transactions: Transition from Form 26QB to Form 141

The Income-tax Act, 2025 introduces Form 141 to replace Form 26QB from April 2026. The…

Finance

March 15, 2026 Finance

Tax-saving contributions face March 31 deadline; align investments wisely

Last-minute choices made without considering needs could exact a high…

March 13, 2026 Finance

Changing jobs and have multiple PF accounts? How to merge them online

EPFO’s portal allows salaried professionals to maintain a seamless service…

March 13, 2026 Finance

Rare but vital: Living will concept explained after Harish Rana verdict

Supreme Court verdict a critical legal gap in India where…

March 13, 2026 Finance

Indians buying property in Dubai: Foreign exchange, loan rules explained

They must adhere to the $250,000 LRS limit and avoid…

March 13, 2026 Finance

Iran crisis threatens 55-65% of India’s LNG imports via Hormuz: Explained

55-65% of India’s LNG imports transit the Strait of Hormuz,…

March 13, 2026 Finance

Canara Bank raises long-tenor MCLR; some borrowers may face higher EMIs

Decision to hike long-term lending rates by 10 basis points…

GST

March 16, 2026 GST

GST Demand Challenge Redirected to Appellate Authority as Appeal Period Was Still Open

The Madras High Court disposed of a writ petition challenging a GST demand, noting that the statutory appellate

March 16, 2026 GST

Bombay HC Orders Return of ₹1 Crore Seized in GST Search for Lack of Legal Authority

The Court held that seizure of ₹1 crore in cash during GST searches was unlawful because authorities failed

March 16, 2026 GST

Allahabad HC Set Aside GST Registration Cancellation as No Hearing Was Given

The High Court held that cancellation of GST registration without granting a personal hearing violates Section 75(4) of

March 16, 2026 GST

Composite / Mixed Supply under GST vs Bundled Performance Obligations under IFRS 15 / Ind AS 115

Comparison of GST composite and mixed supply with IFRS 15 bundled performance obligations, focusing on tax rate determination

March 16, 2026 GST

Advisory on pre-deposit Payment while filing GST appeal before First Appellate authority

GSTN clarified that payments made through Form GST DRC-03 are not automatically adjusted against a demand order. Taxpayers

March 15, 2026 GST

GST Portal Bank Account Validation: What Every Registered Taxpayer Must Do

The GST portal now enforces mandatory bank account validation for registered taxpayers. Failure to link or validate bank

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Interest Income of Welfare Society Must Be Set Off Against Member Benefits Payments: ITAT Delhi

March 16, 2026 Income Tax

Reassessment for Pre-CIRP Period Quashed as Resolution Plan Bars Fresh Tax Proceedings

March 16, 2026 Income Tax

Tribunal Order cannot Be Treated as Fresh Information for Reopening: SC

March 16, 2026 Income Tax

ITAT Mumbai Quashed Section 263 Revision as Reassessment Notice Lacked Proper Sanction

March 16, 2026 Income Tax

SC Quashed Income Tax Assessment as Notice Issued to Non-Existing Company After Merger

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GST Demand Challenge Redirected to Appellate Authority as Appeal Period Was Still Open

March 16, 2026 GST
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