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IFSCA Extends Timeline For Revised Compliance Officer Norms
Notification No. IFSCA-PLNP/80/2024-Capital Markets; Dated: 04.09.2025 1. Introduction The International Financial Services Centres Authority (IFSCA) has issued an important circular revising compliance timelines under the IFSCA (Capital Market Intermediaries) Regulations, 2025. These regulations were introduced to strengthen the governance framework for intermediaries operating in the International Financial Services Centre (IFSC). 2. Revised Norms For Key […]
EBI Holds Municipal Bond Outreach in Bhopal for ULB Capacity Building
PR No.59/2025, Dated: 03.09.2025 1.Introduction The Securities and Exchange Board of India (SEBI) conducted a Municipal Bond Outreach Programme in Bhopal on August 29, 2025. The event was aimed at enhancing the preparedness of Urban Local Bodies (ULBs) to access the capital markets for infrastructure financing. By bringing together regulators, government officials, and local representatives, […]
Weekly Round-up on Tax and Corporate Laws | 25th to 30th Aug 2025
This weekly newsletter analytically summaries the key stories reported at taxmann.com during the previous week from 25th to 30th August, 2025. Principal Purpose Test can’t apply without specific section 90(1) notification of Multilateral Instrument in DTAA | ITAT; SEBI issues draft circular to revise ‘Block Deal Framework’; Extension of limitation by the Supreme Court during […]
Genuine Mutual Fund Transactions with Records Cannot Be Disallowed | ITAT
Case Details: Deputy Commissioner of Income-tax v. CMS Computers Ltd - [2025] 177 taxmann.com 669 (Mumbai - Trib.) Judiciary and Counsel Details Amit Shukla, Judicial Member Girish Agrawal, Accountant Member Annavaran Kasuri, Sr AR for the Appellant Pratik Jain for the Respondent Facts of the Case Assessee was a limited company. It filed its return […]
Income-tax (Twenty-Fifth Amendment) Rules, 2025
Publish Date : Monday, September 1, 2025 source
ICAI’s Audit Quality Maturity Model (AQMM 2.0) – Applicability to PIEs and Trusts
[2025] 178 taxmann.com 3 (Article) – CA. Dindayal Dhandaria 1. Introduction On 11th August 2025, the Institute of Chartered Accountants of India (ICAI) issued the Audit Quality Maturity Model (AQMM) Version 2.0. This framework is applicable, inter alia, to practice units where peer-review is to be conducted on or after 1st April 2027, provided such […]
SEBI Issues Clarifications On Cybersecurity And Resilience Norms
Circular No. SEBI/HO/ ITD-1/ITD_CSC_EXT/P/CIR/2025/119, Dated: 28.08.2025 1. Introduction The Securities and Exchange Board of India (SEBI) has issued a circular providing technical clarifications to the Cybersecurity and Cyber Resilience Framework (CSCRF) applicable to regulated entities. The framework is aimed at strengthening the resilience of market intermediaries and ensuring consistency in implementation across various categories of […]
Order under clause (iia) of sub-section (1) of section 35 of the Income Tax Act. 1961 read with Rule 5F of the Income Tax Rules 1962
Publish Date : Wednesday, August 27, 2025 source
GSTN Enhances System For Refunds Under ASSORD Category
GSTN Advisory, Dated 28-08-2025 1. Introduction The Goods and Services Tax Network (GSTN) has issued an advisory detailing system changes in refund applications under the category “On account of Assessment/Enforcement/Appeal/Revision/Any Other Order” (ASSORD). These updates are designed to simplify the refund process and ensure that taxpayers can claim refunds with greater ease and accuracy. The […]
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