Condonation of delay in filing GSTR-3B returns and entitlement to Section 62 benefit results in withdrawal of assessments and revocation of attachment...
Penalty for estimation of income and disallowances for tax non-deduction clarified: estimation-based penalties not sustainable; additions without conc...
Managerial remuneration disallowance under s.40A(2)(b) challenged over alleged tax-avoidance; appellate decision restored deletion of addition for dir...
Voluntary debit freeze facility introduced for mutual fund folios (demat and non-demat) to prevent any debits until the folio is unlocked; the facility will be provided interoperably via the MF Central RTA platform in the first phase and is available only to KYC complied investors with valid email and mobile. AMFI will prescribe locking/unlocking procedures and the list of financial and non financial transactions permissible during lock in; AMCs/RTAs must disclose the process and impacts. The measure takes effect April 30, 2026 and is issued under SEBI's regulatory powers.
Voluntary debit freeze facility introduced for mutual fund folios (demat and non-demat) to prevent any debits until the folio is unlocked; the facility will be provided interoperably via the MF Central RTA platform in the first phase and is available only to KYC complied investors with valid email and mobile. AMFI will prescribe locking/unlocking procedures and the list of financial and non financial transactions permissible during lock in; AMCs/RTAs must disclose the process and impacts. The measure takes effect April 30, 2026 and is issued under SEBI's regulatory powers.
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