Trust Providing Financial Aid to Students Eligible for Section 80G Even if Students Study Abroad | ITAT
Case Details: R. Mangaldas Charitable Trust vs. Commissioner of Income-tax (Exemptions) [2025] 180 taxmann.com 190 (Mumbai-Trib.) Judiciary and Counsel Details Rahul Chaudhary, Judicial Member & Vikram Singh Yadav, Accountant Member Niraj Seth for the Appellant. Umashankar Prasad, CIT-DR for the Respondent. Facts of the Case The assessee-trust moved an application in Form 10AB under section 80G(5)(iii), seeking approval […]
CBDT launches 2nd NUDGE initiative to strengthen voluntary compliance in respect of Foreign Assets
Details : Publish Date : Thursday, November 27, 2025 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1234/PressRelease-CBDT-launches-2nd-NUDGE-initiative-to-strengthen-voluntary-compliance-in-respect-of-Foreign-Assets.pdf source
Appealable Orders Under GST – Meaning | Nature | Types
An appealable order under GST refers to any decision, direction, or order passed by a GST authority that gives rise to a legal grievance for a taxpayer or the department and can therefore be challenged before a higher authority as permitted under the GST law. In essence, any order that impacts a person’s rights, liabilities, […]
Appellate Tribunal Cannot Substitute Attached Property with FDRs or Guarantees | SAFEMA
Case Details: Sanjeev Tyagi vs. Deputy Director Directorate of Enforcement, Delhi – [2025] 180 taxmann.com 393 (SAFEMA-New Delhi) Judiciary and Counsel Details V. Anandarajan, Member Manav Gupta, Sahil, Abhinav Jain & Mithil Malhotra, Advs. for the Appellant. Aditya Singla, Adv. for the Respondent. Facts of the Case In the instant case, the Adjudicating Authority confirmed the attachment of various […]
RBI Releases Final Directions on Digital Banking Channels Authorisation
PR no. 2025-2026/1589; Dated: 28.11.2025 The Reserve Bank of India (RBI) has issued the final Digital Banking Channels Authorisation Directions, 2025, establishing a comprehensive regulatory framework for digital banking operations in India. These Directions apply to all banks authorised to operate in India, including both commercial banks and cooperative banks. 1. Scope and Applicability The […]
[Analysis] The Code on Wages 2019 – Unified Framework | Key Reforms | Wage Structure
The Code on Wages 2019 is one of India’s four new labour codes that consolidates and replaces four earlier wage-related laws—the Minimum Wages Act, Payment of Wages Act, Payment of Bonus Act, and Equal Remuneration Act. It provides a unified legal framework for minimum wages, payment of wages, equal remuneration, and bonus entitlements across all […]
[Analysis] The Industrial Relations Code 2020 – Key Provisions | Applicability | Compliance Framework
The Industrial Relations Code 2020 is a comprehensive labour legislation that consolidates and replaces three major laws—the Industrial Disputes Act, 1947; the Trade Unions Act, 1926; and the Industrial Employment (Standing Orders) Act, 1946—to create a unified framework governing industrial relations in India. It regulates key aspects such as trade union recognition, collective bargaining, strikes […]
Appeal Against BIFR Scheme Not Maintainable After Relief Availed | SC
Case Details: Kamani Employees Union vs. Appellate Authority for Industrial and Financial Reconstruction [2025] 180 taxmann.com 543 (SC) Judiciary and Counsel Details B.V. Nagarathna & R. Mahadevan, JJ. Jawar Raja, Karun Sharma, Ms Aditi Saraswat, Nitai Hinduja, Ms Rajkumari Divyasana, Advs. & Pukhrambam Ramesh Kumar, Aor for the Appellant. J.P. Cama, Rauf Rahim, R. P. Bhatt, Jamshed P Cama, Sr. Advs., S.S Syed, Ali Asghar […]
CBDT Chairman Shri Ravi Agrawal inaugurates Taxpayers’ Lounge at the India International Trade Fair (IITF), 2025, highlighting taxpayers as partners in nation-building
Details : Publish Date : Monday, November 17, 2025 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1233/PressRelease-CBDT-Chairman-Shri-Ravi-Agrawal-inaugurates-Taxpayers-Lounge-17-11-25.pdf source
SEBI Sets Standard Timelines for Issuer Reports to Debenture Trustees
Circular No. HO/17/11/12(3)2025-DDHS-POD1/I/144/2025; Dated 25.11.2025 1. Overview The Securities and Exchange Board of India (SEBI) has issued directions standardising the timelines for submission of reports and certificates by issuers to Debenture Trustees (DTs). These timelines aim to ensure timely monitoring of security, guarantees, and asset cover associated with listed debt securities. 2. Quarterly Submission – […]