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The Supreme Court clarifies that rules active when a compassionate appointment application is evaluated govern the case. Earlier norms at the time of the employee's death do not apply. This ruling provides clarity for employers and families navigating recruitment claims.
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The Supreme Court establishes that compassionate employment applications must adhere strictly to the policy active when the employee passes away. This ensures consistency in handling welfare-based recruitment claims. Employers must apply rules corresponding to the exact date of the unfortunate event.
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The ITAT Chandigarh directs tax authorities to review a delayed Form 10 filing for Section 11(2) exemption claims. Charitable trusts and institutions seeking to accumulate income can benefit from this directive. Authorities must examine the merits rather than rejecting late filings outright.
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The GSTAT rules that penalty proceedings under Section 129 are legally unsustainable if show cause notices fail to specify exact statutory violations. Tax authorities must clearly state which provisions of the act or rules were breached. Vague notices invalidate subsequent punitive actions.
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Dalal Street recorded a strong pre-Diwali rally, with the Sensex surging 3,000 points across four sessions and the Nifty gaining 945 points. This upward momentum added ₹13 lakh crore to total investor wealth. Market participants witnessed broad-based buying ahead of the festive season.
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The GSTAT clarifies that invoking Section 74 requires concrete evidence of wilful misstatement or suppression of facts. Filing GST returns late following an departmental inspection does not automatically prove tax evasion. Authorities must establish deliberate intent before demanding heavy penalties.
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The Orissa High Court rules that a minor penalty cannot serve as an automatic permanent bar against reconsidering an IAS officer's promotion. Departmental promotion committees must evaluate overall career records objectively. Minor administrative reprimands should not derail career progression indefinitely.
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The IRDAI reduces the processing fee for insurer share transfer approvals from ₹50 lakh to ₹10 lakh. This regulatory change lowers financial barriers for corporate restructuring within the insurance sector. Insurers and investors will experience reduced transaction costs.
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The Central Board of Indirect Taxes and Customs has sought public feedback on proposed alternative methods for modifying tax liabilities and Input Tax Credit claims. These recommendations originate from discussions held during the Goods and Services Tax Council during its fifty-seventh meeting on October 8, 2026.
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The Supreme Court invalidated a previous ruling by the Orissa High Court due to an absence of independent judicial analysis in an administrative selection case. The apex court emphasized that courts must record their own reasoned assessments rather than merely echoing submissions.
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The Ahmedabad bench of the Income Tax Appellate Tribunal held that filing Form 10 after the due date cannot deny a trust its claim for accumulation of income. The ruling protects a twenty lakh rupee deduction despite procedural delays in statutory filings.
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BLS Polymers shares listed on the National Stock Exchange at 248 rupees, marking a 65.33 percent jump from the initial public offering price of 150 rupees after drawing strong demand. The public issue received a subscription rate of 241.22 times, with funds earmarked for expanding manufacturing capacity in Goa and funding working capital.
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