RBI Modifies FEMA Compounding Directions and Bank Account Details
Circular No. A.P. (DIR Series) Circular. No 15/2025-26, Dated: 24.11.2025 1. Overview The Reserve Bank of India (RBI) has issued amendments to the Master Directions on Compounding of Contraventions under the Foreign Exchange Management Act (FEMA), 1999. The modifications specifically relate to Annexure I, which contains the bank account details used for: Payment of the […]
Ind AS 12 – Deferred Tax on Parent Loan and Deemed Investment
1. Question Apex Industries Limited (hereinafter referred to as “the company”) is engaged in the business of manufacturing of preservatives. The company advanced an interest free loan of INR 1,00,000 to its wholly owned subsidiary, Nova Engineering Limited (hereinafter referred to as “Nova”), to support its operational expansion. Based on a review of comparable market […]
HC Upholds Delay Condonation by Joint Commissioner Under Payment of Wages Act
Case Details: M.V.Ranga Rao vs. Joint Commissioner of Labour [2025] 180 taxmann.com 212 (HC-Andhra Pradesh) Judiciary and Counsel Details Dr Venkata Jyothirmai Prajapa M. Pitchaiah for the Petitioner. Syed Khader Mastan for the Respondent. Facts of the Case In the instant case, the Respondent No.2, claiming to be an employee, preferred a petition before the Joint Commissioner […]
NCLAT Upholds CIRP Against Joint Developers for Incomplete Real Estate Project
Case Details: Ashok Kumar v. Col Gautam Mullick [2025] 180 taxmann.com 103 (NCLAT-New Delhi) Judiciary and Counsel Details Ajai Das Mehrotra, Technical Member & Yogesh Khanna, Judicial Member Gaurav Mitra, Malak Bhatt, Nikunj Mahajan, Ms Neeha Nagpal & Praney Sharma, Advs. for the Appellant. Amit Kumar, Akshat Kumar, Abhishek Anand, Karan Kohli, Vipul Ganda, Pradeep Jain, Shubhanshu Gupta, Raunak Satpathy, Sarthak Jain, Adesh Kumar Chaudhary, Karan Vir Gogia, Varaai Kr. Gupta, Ms […]
Capital Gains Accounts (Second Amendment) Scheme, 2025
Publish Date : Wednesday, November 19, 2025 source
Govt. Notifies Nov. 21, 2025 for Enforcement of ‘Occupational Safety, Health & Working Conditions Code, 2020’
Notification No. S.O. 5321(E), Dated 21-11-2025 The Ministry of Labour and Employment has notified November 21, 2025, as the effective date for the enforcement of the provisions of the Occupational Safety, Health & Working Conditions Code, 2020. The notification has been issued under the powers conferred by Section 1 of the said Act, thereby bringing […]
CBDT Allows Electronic Deposits Under Capital Gains Account Scheme
Notification No. 161/2025 dated 19/11/2025 The Central Board of Direct Taxes (CBDT) has notified the Capital Gains Accounts Scheme (Second Amendment) Scheme, 2025. The Scheme further amends the Capital Gains Accounts Scheme, 1988 (‘the Scheme’). The amendment is effective from the date of its publication in the Official Gazette, i.e., 19-11-2025. The Scheme has been […]
Fraud-Based GST Demand Invalid Without Finding of Fraud | High Court Orders Refund
Case Details: S.A. Iron & Alloys (P). Ltd. vs. State of U.P. [2025] 180 taxmann.com 420 (Allahabad) Judiciary and Counsel Details Piyush Agrawal, J. Aloke Kumar for the Petitioner. Facts of the Case The petitioner, a private company engaged in sponge iron and MS ingot production, was surveyed in 2018 for alleged excess production, inferred from […]
Insurer Liable for Penalty u/s 4A(3)(b) After Charging Additional Premium | HC
Case Details: National Insurance Co. Ltd. vs. Harendra Singh @ Harendra Chaudhary – [2025] 180 taxmann.com 213 (HC-Delhi) Judiciary and Counsel Details Dharmesh Sharma, J. Pankaj Seth, Adv. for the Appellant. R.K. Nain & Chandan Prajapati, Advs. for the Respondent. Facts of the Case In the instant case, the Respondent was employed as a driver of a […]
Frozen Shrimps in Pre-Packaged Packs Up to 25 kg Attract 5% GST | AAR
Case Details: Devi Fisheries Ltd., In re – [2025] 180 taxmann.com 237 (AAR-ANDHRA PRADESH) Judiciary and Counsel Details K. Ravi Sankar & B. Lakshmi Narayana, Member Ramesh Pathuri, CA for the Applicant. Facts of the Case The applicant, a GST-registered seafood exporter, processed and exported frozen shrimps (HSN 0306). The shrimps were packed in printed inner […]