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The appellate tribunal ruled that former directors cannot contest corporate rescue plans after full execution. The bench threw out the challenge against prior order rejections regarding sanctioned restructuring frameworks.
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The High Court rejected the revenue department appeal regarding functional differences and related party filter thresholds. The bench confirmed that excluding specific comparable entities raised no substantial legal question under the Income Tax Act.
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The GST Council recommended key administrative reliefs during its latest meeting, focusing on curbing arrests and speeding up refund disbursements. Businesses can also expect reduced regulatory notices and streamlined compliance frameworks across sectors.
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Domestic stock indices recorded a fifth consecutive winning session, with the Sensex rising 0.50 percent and the Nifty 50 gaining 0.63 percent. Market analysts identified potential short-term buying opportunities in specific aviation and defense equities.
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The High Court emphasized that assesses must actively assist authorities during tax recovery proceedings. The ruling reinforces statutory mechanisms for recovering outstanding tax dues from non-compliant individuals.
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The payments corporation has incorporated a specialized technology subsidiary dedicated to artificial intelligence and blockchain solutions. Leadership has appointed Vishal Kanvaty to head the new entity as its chief executive officer. Fortune India
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International stock markets quickly recovered from an initial selloff caused by a Democratic victory in the US Congress. As uncertainty regarding the midterm elections subsided, investors quickly returned to purchase shares in the impacted market.
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Authorities updated regulatory provisions to facilitate smoother duty drawback claims for domestic tariff area suppliers. These suppliers can now claim benefits based on official disclaimers issued by special economic zone units or developers. <span>A2Z Taxcorp LLP</span>
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Mohit Malhotra has submitted his resignation as Global Chief Executive Officer of Dabur India, effective November 13, 2026. After a career spanning over thirty years with the firm, he is leaving to pursue personal interests and has accepted an overseas leadership role.
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The Telangana High Court has condoned a filing delay regarding a revised income tax return to claim the enhanced leave encashment exemption of Rs 25 lakh. This judicial decision permits taxpayers relief when processing delayed statutory filings for tax benefits.
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India's food safety regulator has accused PepsiCo and Monster Beverage of deceiving buyers by selling high-caffeine beverages under energy drink labels. This regulatory dispute has developed into a formal legal battle due to public health concerns involving caffeine, sugar, and taurine levels.
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Rustomjee Group recorded Rs 1,423 crore in pre-sales during the second quarter, alongside an increase in net profit to Rs 101 crore. Revenue from operations climbed to Rs 497 crore as the luxury developer targets Rs 5,000 crore for fiscal year 2027.
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