• January 16, 2026

Introduction Artificial Intelligence has become one of the most transformative forces in professional services, including accounting and auditing. The modern auditor is no longer limited to spreadsheets, manual verification, or basic computer tools. Instead, AI powered solutions can quickly test entire data sets, detect unusual patterns, highlight anomalies, and interpret complex data relationships. However, the […]

• January 15, 2026

Case Details: Deputy Commissioner of Income-tax vs. Nord Anglia Education Infrastructure (P.) Ltd. [2025] 181 taxmann.com 240 (Visakhapatnam - Trib.) Judiciary and Counsel Details Ravish Sood, Judicial Member Balakrishnan S., Accountant Member Karnjot Singh Khurana, Snehal Rajan Shukla & Avar Lamba, Advs. for the Appellant. Badicala Yadagiri, CIT-DR for the Respondent. Facts of the Case The […]

• January 14, 2026

Case Details: Binny Bansal v. DCIT - [2026] 182 taxmann.com 226 (Bangalore - Trib.) Judiciary and Counsel Details Prashant Maharishi, Vice President  Keshav Dubey, Judicial Member Percy Pardiwala, Sr. Adv. for the Appellant. Arvind Kamath, ASG for the Respondent. Facts of the Case The principal issue before the ITAT was the determination of the residential […]

• January 13, 2026

Circular no. HO/24/13/12(4)2025-IMD-POD-1/I/2062/2026; Dated: 08.01.2026 1. Introduction The Securities and Exchange Board of India (SEBI) has issued compliance reporting formats for Specialised Investment Funds (SIFs) through Circular No. HO/24/13/12(4)2025-IMD-POD-1/I/2062/2026 dated 8 January 2026. This move marks an important step in strengthening the regulatory framework governing SIFs and ensuring enhanced compliance and transparency. 2. Alignment With […]

• January 12, 2026

Circular No. IRDAI/PP&GR/CIR/MISC/02/01/2026, Dated 06.01.2026 1. Introduction The Insurance Regulatory and Development Authority of India (IRDAI) has issued a circular dated 06-01-2026 directing insurers and insurance intermediaries to adopt the 1600-series numbering for all service and transactional voice calls. 2. Regulatory Background The directive is in furtherance of the mandate issued by the Telecom Regulatory […]

• January 11, 2026

Case Details: Elgi Sauer Compressors Ltd. vs. State Tax Officer [2026] 182 taxmann.com 72 (Madras) Judiciary and Counsel Details C. Saravanan, J. G. Vardini Karthik for the Petitioner. Ms. P.Selvi, Govt. Adv. (tax) for the Respondent. Facts of the Case The petitioner challenged an impugned order confirming a demand arising from a mismatch between GSTR-2A […]

• January 10, 2026

Case Details: Madhusudan Reddy Pasham vs. ACIT [2025] 181 taxmann.com 537 (Hyderabad - Trib.) Judiciary and Counsel Details Ravish Sood, Judicial Member  Manjunatha G., Accountant Member P. Murali Mohan Rao, CA for the Appellant. A.P. Babu, Sr. A.R. & Ms U. Mini Chandran, CIT-DR for the Respondent. Facts of the Case During search proceedings under […]

• January 9, 2026

Case Details: Aurobindo Pharma Ltd. vs. State of Telangana [2025] 181 taxmann.com 704 (Telangana) Judiciary and Counsel Details Aparesh Kumar Singh, CJ. G.M. Mohiuddin, J. Facts of the Case The petitioner challenged the rejection of its refund claims for accumulated unutilized credit of compensation cess paid on inputs, specifically coal, used in the manufacture of […]

• January 8, 2026

The effectiveness of independent directors in corporate governance refers to the extent to which independent directors are able to exercise objective judgment, provide robust oversight, and protect the interests of shareholders and other stakeholders by ensuring transparency, accountability, and ethical conduct within a company. Effective independent directors strengthen board governance by monitoring management performance, overseeing […]