Live finance news, statutory updates & daily learning aspects.Daily new finance words, Flash Cards, Case Files and the study shelf for students.

GST Appellate Tribunal Bar Association Drops Legal Challenge Over Appeal Filing Deadlines

The GSTAT Bar Association has formally withdrawn its petition challenging the appeal filing timelines and pre-April 2026 orders. The legal action initially contested deadlines concerning Goods and Services Tax appellate procedures. The association's decision leaves the existing dispute unresolved on merits.

Effective Not specified in the update

For professionals: The GSTAT Bar Association has officially withdrawn its petition challenging the appeal filing deadline and the extension of orders issued prior to April 1, 2026. · Tax practitioners and legal consultants must continue adhering to existing operational deadlines for filing GST appeals without relying on potential judicial relief from this dropped proceeding. · Professionals should monitor upcoming administrative notifications regarding tribunal benches and procedural rules for any alternate updates.

Open for the full story →

Supreme Court Rules Victim Age Discrepancies and FIR Delays Demand Full Trial

The Supreme Court held that questions surrounding a victim's age and delays in filing an FIR require a full trial rather than premature conclusions. The bench emphasized that courts cannot short-circuit judicial proceedings when factual disputes regarding timelines and victim demographics exist. This ruling reinforces standard criminal trial procedures across jurisdictions.

Effective Not specified in the update

For professionals: Advise clients that procedural delays and age disputes will face rigorous examination in judicial proceedings rather than summary dismissals. · Ensure meticulous preparation of evidence regarding timelines and victim particulars during trials. · Emphasize to trial courts the necessity of examining witnesses and documents rather than terminating proceedings at an early threshold stage.

Open for the full story →

Railway Recruitment Board Opens Online Applications for 1,265 Station Master Positions

The Railway Recruitment Board has released the recruitment notification for 1,265 Station Master vacancies, with online applications now open. Eligible candidates can submit their applications through the designated recruitment portal following the published guidelines. This hiring drive aims to fill critical operational roles within the railway network.

Effective Not specified in the update

For professionals: Practicing professionals advising employment clients should note that the Railway Recruitment Board has opened online applications for 1265 Station Master posts in 2026. · Clients must review educational qualifications, age limits, and selection stages on the official portals before completing their submissions. · Applicants need to ensure document and fee payment completion prior to the operational deadline stated on the portal.

Open for the full story →

Precious Metals Surge Post-Diwali as Gold Gains ₹968 and Silver Jumps Over ₹3,100

Gold prices increased by ₹968 to reach ₹1.42 lakh, while silver became ₹3,132 costlier following the Diwali festival. These upward price movements reflect shifting bullion market dynamics in the post-festive trading sessions. Both precious metals recorded significant value gains across domestic markets.

Open for the full story →

Madhya Pradesh High Court Quashes POCSO and Rape Charges Due to Conflicting Victim Age Proof

The Madhya Pradesh High Court set aside rape and POCSO charges following a dispute regarding the victim's age. The bench evaluated conflicting documentation concerning the individual's date of birth before arriving at its decision. This ruling highlights the legal significance of establishing clear age verification in sensitive criminal matters.

Open for the full story →

Calcutta High Court Grants PMLA Bail Overriding Twin Conditions by Invoking Article 21

The Calcutta High Court granted bail under the PMLA despite statutory twin conditions, ruling that Article 21 safeguards personal liberty. The court emphasized that fundamental constitutional rights supersede rigid statutory hurdles when prolonged incarceration lacks justification. This decision underscores the judiciary's role in protecting individual freedom during investigations.

Open for the full story →

Gokaldas Exports Shares Draw Market Focus Following Recent Exchange Filings and Price Declines

Gokaldas Exports shares remain in focus following recent exchange filings, despite recording a 4.26% decline over the past week and a 1.54% gain over the last month. The stock has experienced mixed performance across different trading intervals, prompting investor attention. Market participants are closely analyzing the company's disclosures submitted to stock exchanges.

Open for the full story →

International Finance Corporation Proposes USD 50 Million Investment in Navis Asia Fund IX

The International Finance Corporation intends to invest USD 50 million in the Malaysia-headquartered Navis Asia Fund IX. This proposed capital allocation supports regional private equity investments managed by the fund. The initiative aims to back growth-oriented businesses across targeted markets.

Open for the full story →

Thirteen firms approach November ex-dividend dates offering payouts up to ninety rupees

Thirteen diverse enterprises will trade ex-dividend on November 12, 2026, offering shareholder payouts between zero point zero five and ninety rupees. Market participants are required to purchase the equities by November 11 due to the T+1 settlement cycle. Investors need to verify individual record dates and payment timelines before committing capital.

Open for the full story →

Greaseproof and Glassine Paper Bags not exempt from GST, attract 5% Rate: AAR [Read Order]

Unbranded kraft, greaseproof, and glassine paper bags fall under HSN code 4819 4000 and carry a concessional GST rate of 5%. The Authority for Advance Rulings confirmed that these specific packaging items do not enjoy tax exemption status. Industry participants must apply the correct fiscal levy on these commercial goods.

Open for the full story →

Federal regulators caution against potential vision loss linked to weight management medications

The regulatory agency identified evidence suggesting a heightened probability of a rare ocular disorder associated with glucagon-like peptide-1 receptor agonist medications. These pharmaceutical products are widely prescribed for diabetes management and weight control, including brand-name treatments like Wegovy and Zepbound. Medical professionals and patients should monitor for unexpected visual symptoms during treatment.

Open for the full story →

Tribunal dismisses massive tax demand citing unverified external data records

The Customs, Excise and Service Tax Appellate Tribunal overturned a tax demand worth ₹12.69 crore. The tribunal ruled that uncertified computer files sourced from third parties cannot establish secret product removals. Tax authorities failed to provide mandatory legal certification for electronic evidence.

Effective Not specified in the update

For professionals: Advise clients to challenge uncertified electronic evidence during initial adjudication proceedings before appellate forums. · Scrutinize the evidentiary backing of show-cause notices relying on external digital records. · Ensure compliance with strict procedural requirements under evidence laws for electronic documents in tax disputes.

Open for the full story →