Tax determination against deceased proprietor invalid where no notice to legal representative; appeal rejected without addressing jurisdictional defec...
Revocation of GST registration and permission to file blocked returns; conditional defreezing of bank accounts after security and instalment applicati...
Right to access seized electronic evidence: impugned adjudication treated as additional show cause notice, remand for fresh hearing and return of mate...
Revisability of return invalidation communications under tax procedure affirmed, impugned non revisional finding quashed and matter remitted for fresh...
Reporting and tagging requirements for stock brokers are relaxed by exempting demat accounts used exclusively for non-broking activities where the broker is also a primary dealer, while brokers that are also banks or primary dealers need report only the bank accounts used for stock broking. The earlier requirement to report demat accounts is deleted, while all new bank and demat accounts must still follow the prescribed nomenclature. Stock exchanges and depositories must receive details of bank accounts within seven working days, and depositories must share details of demat accounts opened or closed by a broker with the concerned exchange. Non-compliance attracts penal action, and the revised provisions take effect from 17 April 2026.
Reporting and tagging requirements for stock brokers are relaxed by exempting demat accounts used exclusively for non-broking activities where the broker is also a primary dealer, while brokers that are also banks or primary dealers need report only the bank accounts used for stock broking. The earlier requirement to report demat accounts is deleted, while all new bank and demat accounts must still follow the prescribed nomenclature. Stock exchanges and depositories must receive details of bank accounts within seven working days, and depositories must share details of demat accounts opened or closed by a broker with the concerned exchange. Non-compliance attracts penal action, and the revised provisions take effect from 17 April 2026.
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