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THE INDUSTRIAL RELATIONS CODE (AMENDMENT) BILL, 2026; Dated: 10.02.2026 The Industrial Relations Code (Amendment) Bill, 2026 has been introduced in the Lok Sabha. The Bill proposes amendments to the Industrial Relations Code, 2020, specifically to clarify the legal basis of repeal of certain earlier labour laws. 1. Proposed Amendment to Section 104(1) The Bill seeks […]

Notification No. F.No. 30/03/2016-Insolvency; Dated: 11.02.2026 The Central Government of India has appointed Ashutosh Mishra, Additional Secretary, as an ex officio member of the Insolvency and Bankruptcy Board of India (IBBI). 1. Representation of Ministry of Law and Justice Shri Ashutosh Mishra will serve on the IBBI Board as the representative of the Ministry of […]

Editorial Team – [2026] 183 taxmann.com 345 (Article) Global Financial Insights is a weekly feature for the Accounts and Audit Module subscribers of Taxmann.com. It provides you with the latest updates on financial reporting and auditing practices from across the globe. Here is this week’s financial update: 1. PCAOB Issues Inspection Reports for 10 Global Audit […]

Case Details: C-Dot Forum vs. CIT (Exemptions) Chandigarh [2026] 183 taxmann.com 89 (Amritsar-Trib.) Judiciary and Counsel Details Udayan Das Gupta, Judicial Member & Manoj Kumar Aggarwal, Accountant Member Rishabh Marwaha, CA for the Appellant. Sunil Gautam, CIT. DR for the Respondent. Facts of the Case The assessee was a society that organised seminars, conferences, and events to […]

Case Details: South Indian Oil Corporation vs. Assistant Commissioner Central Tax - [2026] 182 taxmann.com 864 (Karnataka) Judiciary and Counsel Details S.R. Krishna Kumar, J. Venkatanarayana G.M., Adv. for the Appellant. Akash B. Shetty, Adv. for the Respondent. Facts of the Case The petitioner was engaged in the procurement of edible oils falling under HSN Code 15 […]

Circular F No. IFSCA-PLNP/85/2025-Capital Markets, Dated: 06.02.2026 The International Financial Services Centres Authority (IFSCA) has directed that all Units operating in the IFSC and intending to dematerialise securities or other permitted financial products must obtain International Securities Identification Numbers (ISINs) from a depository recognised by IFSCA. This measure is aimed at strengthening the regulatory and […]
Details : Publish Date : Sunday, February 8, 2026 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1236/Seeking-stakeholders-input-on-the-proposed-Income-tax-Rules-and-related-Forms-relating-to-the-Income-Tax-Act25.pdf source

Case Details: Income-tax Officer vs. Arcil Retail Loan Portfolio - 001- A- Trust [2026] 182 taxmann.com 849 (Mumbai-Trib.) Judiciary and Counsel Details Amit Shukla, Judicial Member & Makarand Vasant Mahadeokar, Accountant Member Rajesh Kumar Yadav, CIT-DR for the Appellant. Jeet Kamdar for the Respondent. Facts of the Case The assessee was a securitisation trust constituted by […]

Press Release: 2025-2026/2053, Dated 06.02.2025 The Monetary Policy Committee (MPC) of the Reserve Bank of India, after assessing evolving macroeconomic and financial developments and the overall economic outlook, has decided to keep the policy repo rate unchanged. 1. Policy Rates Under the Liquidity Adjustment Facility (LAF) As per the MPC’s decision, the key policy rates […]
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