Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
SEBI grants a one-time relaxation from the Master Circular's penal framework for listed entities whose minimum public shareholding compliance due date falls between 1 April 2026 and 30 September 2026. Recognised stock exchanges and depositories are directed not to initiate penal action for non-compliance during that period, and any such actions already initiated for non-compliance from 1 April 2026 may be withdrawn. The circular applies immediately, and exchanges are asked to inform affected entities and amend bye-laws, rules and regulations if necessary.
SEBI grants a one-time relaxation from the Master Circular's penal framework for listed entities whose minimum public shareholding compliance due date falls between 1 April 2026 and 30 September 2026. Recognised stock exchanges and depositories are directed not to initiate penal action for non-compliance during that period, and any such actions already initiated for non-compliance from 1 April 2026 may be withdrawn. The circular applies immediately, and exchanges are asked to inform affected entities and amend bye-laws, rules and regulations if necessary.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
