• January 7, 2026

Case Details: Deputy Commissioner of Income-tax vs. MKF Logistics (P.) Ltd. - [2025] 181 taxmann.com 740 (Delhi - Trib.) Judiciary and Counsel Details Yogesh Kumar U.S., Judicial Member & Srifaur Rahman, Accountant Member Om Prakash, Sr DR for the Appellant. Saksham Garg, CA & Ajay Wadhwa, Adv. for the Respondent. Facts of the Case The […]

• January 6, 2026

1. Introduction The Institute of Chartered Accountants of India (ICAI) has extended the applicability of Phase IV of the Peer Review mandate, providing additional time for Practice Units to comply with the peer review requirements before undertaking specified audit engagements. 2. Applicability Of Peer Review Mandate Under the Peer Review framework, Practice Units proposing to […]

• January 5, 2026

NOTIFICATION NO. F. NO. IFSCA/INDIA ICC/RENEWAL/2025-26, Dated: 01.01.2026 1. Introduction The International Financial Services Centres Authority (IFSCA) has granted renewal of recognition to India International Clearing Corporation Limited (India ICC) in the interest of trade, the securities market, and the public interest. 2. Notification And Authority The renewal has been accorded vide Notification No. F. […]

• January 4, 2026

PRESS RELEASE: 2025-2026/1824, Dated: 01.01.2026 1. Introduction The Reserve Bank of India (RBI) has amended the concentration risk management framework applicable to Non-Banking Financial Companies (NBFCs) by introducing specific criteria for classifying certain infrastructure lending as high-quality infrastructure projects. 2. Amendment To Concentration Risk Directions The amendment has been notified through the RBI (Non-Banking Financial […]

• January 3, 2026

Notification No. G.S.R. 930 (E); Dated: 30.12.2025 The Central Government has notified the draft Industrial Relations (Central) Rules, 2025 under section 99 of the Industrial Relations Code, 2020, in supersession of the Industrial Disputes (Central) Rules, 1957 and the Industrial Employment (Standing Orders) Central Rules, 1946. The draft rules lay down provisions relating to settlements, […]

• January 2, 2026

Circular No. No. IBBI/CIRP/90/2025, Dated: 29.12.2025 1. Regulatory Background The Insolvency and Bankruptcy Board of India (IBBI) has issued a circular prescribing standard formats for: the Statement of Beneficial Ownership, and the Affidavit to be furnished under Regulation 38(3A) of the CIRP Regulations, 2016. The measure is aimed at strengthening transparency, disclosure, and due diligence […]

• January 1, 2026

The Taxation of Dividend Income under the Income-tax Act, 1961 refers to the manner, timing, and rate at which dividends received by shareholders are brought to tax, depending on the nature of the dividend, residential status of the recipient, and the source company (Indian or foreign). Under the Act, dividend income is generally taxable in the […]

• December 31, 2025

Case Details: Srinibas Goradia vs. Arvind Kumar Sahu - [2025] 181 taxmann.com 667 (SC) Judiciary and Counsel Details Prashant Kumar Mishra & N.V. Anjaria, JJ. Awanish Sinha, AOR for the Petitioner. Kedar Nath Tripathy, Dhananjaya Mishra, AORs, Aditya Narayan Tripathy & P. K. Chand, Advs. for the Respondent. Facts of the Case In the instant case, the appellant was […]

• December 30, 2025

Case Details: Zankarsinh Kishorsinh Solanki vs. Kanhaiyalal Salawat - [2025] 181 taxmann.com 101 (NCLT-Ahd.) Judiciary and Counsel Details Shammi Khan, Judicial Member & Sanjeev Sharma, Technical Member Ms Natasha Shah, Adv. for the Applicant. Ms Nalini Lodha & Sunil Kumar, Advs. for the Respondent. Facts of the Case In the instant case, the applicant was a personal guarantor […]