Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    India and Ethiopia Sign Bilateral Accession Protocol for Ethiopia’s WTO Membership in Geneva
    CTIL and FICCI Organise Conference on India–Europe Trade Partnerships under Next-Generation FTAs
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chairs review meeting at GIFT City, Gandhinagar, in presence of Principal Secre...
    India offers combination of scale, talent and growth opportunities through GIFT city: Sitharaman
    Police file first charge sheet in TCS-Nashik harassment case
    Vibrant Gujarat Regional Conference for central part of state to be held in Vadodara in June
    Govt to get record Rs 2.87 lakh cr dividend from RBI
    Rupee rises 76 paise to close at 95.60 against US dollar
    Eligible voters won't be deleted from electoral rolls, says Maharashtra CEO ahead of SIR
    Tax officials hold awareness programme on new income tax rule
    Awareness programme on Income Tax Act 2025 held in Thane
    India's near-term outlook somewhat clouded by supply-side pressures: RBI Bulletin
    ED arrests Hyderabad 'Ponzi scheme' accused from Gurugram Airbnb property
    Register FIR in missing cases immediately, make anti-human trafficking units functional: SC
    Financial conditions, crude oil prices challenges for external sector outlook: RBI article
    RBI announces record Rs 2.87 lakh cr dividend to govt amid West Asia conflict
    India’s Corporate Bond Market at an Inflection Point: Opportunities for Retail Investors in 2026
    Forex kitty drops USD 8 bn to USD 688.894 bn
    DRI seizes 60,000 kg smuggled foreign origin areca nuts in North-East region; 5 held
    In response to PM's austerity appeal, Maharashtra tourism dept cancels foreign tours
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
May 23, 2026
Show AI Summary
World Trade Organization accession protocol advances Ethiopia's integration into the multilateral trading system with India's support.
India and Ethiopia signed a bilateral accession protocol in Geneva in connection with Ethiopia's accession to the World Trade Organization, and the protocol and annexes were deposited with the WTO Secretariat. The release states that the accession process involves aligning domestic economic and trade policies with WTO rules and negotiating market-access commitments with existing members. Ethiopia was described as being at an advanced stage of accession, with its Working Party having met for the seventh time in April 2026.
May 23, 2026
Show AI Summary
Trade compliance and market access drive India-Europe partnership discussions under next-generation free trade agreements.
India-Europe trade partnerships under next-generation free trade agreements were discussed with emphasis on stronger standards infrastructure, testing and certification capacity, digital compliance tools, and institutional mechanisms to address non-tariff barriers in European markets. The conference examined market access, regulatory compliance, services trade, digital economy engagement, and the implications of the Carbon Border Adjustment Mechanism for Indian industry, while noting the need for industry awareness, capacity building, and preparedness to use trade agreements effectively.
May 23, 2026
Show AI Summary
GIFT City's international financial ecosystem review highlights sectoral growth, regulatory agility and infrastructure needs.
GIFT City's progress and evolving international financial services ecosystem were reviewed in a high-level meeting focused on strengthening its position as a globally competitive international financial and business hub. The discussion covered sectoral development across banking, capital markets, fund management, insurance and reinsurance, aircraft and ship leasing, fintech, bullion exchange, international education and allied services, along with infrastructure development, talent ecosystem, ease of doing business, taxation framework and residential ecosystem.
May 22, 2026
Show AI Summary
GIFT City's global financial ecosystem gains focus through banking, fintech, leasing and infrastructure expansion.
India's GIFT City was presented as a strategic international financial services centre combining scale, technology, talent and growth opportunities, with a role in deepening integration with global financial markets and facilitating international capital flows through globally benchmarked institutional frameworks, regulatory agility and a supportive ecosystem. The review meeting focused on strengthening its global financial ecosystem through expansion of banking, fintech, insurance, fund management, GCCs, aircraft leasing and ship leasing activities, together with infrastructure development, global connectivity, ease of doing business, talent attraction and future-ready social infrastructure.
May 22, 2026
Show AI Summary
Sexual harassment and religious conversion allegations trigger charge sheet with conspiracy, rape and harassment offences.
Police filed the first charge sheet in a case involving allegations of sexual harassment, exploitation and religious conversion at a TCS unit in Nashik. The Special Investigation Team submitted a 1,500-page charge sheet against four accused persons, with the case linked to nine FIRs and multiple arrests. The charge sheet invokes offences under the Bharatiya Nyaya Sanhita and the Scheduled Castes/Scheduled Tribes (Prevention of Atrocities) Act, and relies on WhatsApp chat screenshots and seized email trails.
May 22, 2026
Show AI Summary
Regional investment promotion in central Gujarat will spotlight manufacturing, exports, tourism, and high-growth industrial sectors in Vadodara.
The Vibrant Gujarat Regional Conference for central Gujarat is scheduled to be held in Vadodara in the last week of June, with the region covering Ahmedabad, Gandhinagar, Vadodara, Anand, Kheda, Panchmahal, Dahod, Chhotaudepur, Narmada and Mahisagar districts. The release describes central Gujarat as a major manufacturing and export hub, with strengths in transport equipment, auto components, pharmaceuticals, electrical equipment and industrial projects such as Dholera and Mandal-Becharaji.
May 22, 2026
Show AI Summary
Reserve Bank surplus transfer and contingency risk buffer management shape a record dividend to the government.
The Reserve Bank approved a record surplus transfer to the Central Government for FY 2025-26, driven by higher net income, balance-sheet expansion and the revised Economic Capital Framework. The framework allows the Contingent Risk Buffer to be maintained within 4.5 per cent to 7.5 per cent of the balance sheet, and the Central Board increased the buffer transfer before approving the surplus transfer. The dividend forms a major part of non-tax revenue and is linked to macroeconomic risks, buffer management and financial performance.
May 22, 2026
Show AI Summary
Rupee strength gains support from softer crude, easing yields and Reserve Bank market intervention amid geopolitical uncertainty.
The rupee strengthened for a second straight session against the US dollar, supported by softer crude oil prices, easing US Treasury yields, positive domestic equities and market comfort from constructive diplomatic signals linked to the Iran situation. Traders also cited supposed Reserve Bank of India intervention, including market activity connected with a USD-INR buy-sell swap, while commentary noted that the rupee remained supported by lower imported commodity prices and reduced dollar strength. The central bank also reported a decline in forex reserves during the week ended May 15.
May 22, 2026
Show AI Summary
Special intensive revision of electoral rolls keeps eligible voters on the rolls while allowing document checks for anomalies.
Special Intensive Revision of electoral rolls in Maharashtra will follow a scheduled house-to-house and form-based verification process under Election Commission guidelines. Eligible voters will not be deleted from the rolls, while mapped voters need not submit documents and unmapped or anomalous entries must provide them. Booth-level officers will distribute and collect enumeration forms, draft rolls will be published for claims and objections, and final rolls will follow the notified timeline. Aadhaar may be used as identity proof, but not as proof of citizenship.
May 22, 2026
Show AI Summary
Tax law simplification and voluntary compliance highlighted in outreach programme on the new income tax regime.
Tax authorities organised an awareness programme under the nationwide outreach campaign "PRARAMBH 2026" to familiarise taxpayers and stakeholders with the New Income-tax Act, 2025 and the Income-tax Rules, 2026. The programme highlighted simplification of tax laws, trust-based governance, decriminalisation of selected provisions, timely taxpayer services and data-driven NUDGE campaigns to encourage voluntary compliance.
May 22, 2026
Show AI Summary
Taxpayer awareness on the new tax regime highlighted Tax Year, return filing, and TDS/TCS compliance provisions.
A taxpayer awareness and outreach programme was conducted to familiarise stakeholders with the provisions of the Income Tax Act, 2025. The sessions highlighted the new Tax Year concept, return filing framework, and TDS/TCS provisions, with the stated aim of reducing compliance burdens and improving taxpayer convenience. An interactive question-and-answer session addressed implementation queries and supported stakeholder engagement.
May 22, 2026
Show AI Summary
Supply-side pressures cloud India's near-term outlook as inflation spillovers, trade disruptions and external headwinds warrant close monitoring.
India's near-term outlook is described as resilient but clouded by supply-side pressures linked to the West Asia conflict, with inflationary spillovers requiring monitoring. Domestic demand remains the main growth driver, while the external sector faces pressure from crude oil prices, capital flows and a wider merchandise trade deficit. The economy is said to be cushioned by robust services exports, positive net FDI flows, foreign exchange reserves and policy measures. High-frequency indicators showed mixed trends, including e-way bill growth, fuel consumption changes and higher electricity demand.
May 22, 2026
Show AI Summary
Money laundering investigation leads to arrest of alleged investment fraud accused from Gurugram after prolonged evasion.
Enforcement Directorate arrested the prime accused in the Heera Group-linked alleged investment fraud from an Airbnb property at Gurugram during a joint operation with Haryana Police. The agency said she was living under a fake identity using forged Aadhaar documents and was apprehended with an associate. She was taken to Hyderabad and produced before a special PMLA court, which remanded her to judicial custody. The ED also referred to asset attachment, auction of properties for victim restitution, and alleged obstruction of auction proceedings.
May 22, 2026
Show AI Summary
Missing person FIRs require immediate registration, with kidnapping and trafficking provisions applied from the outset.
Police authorities must immediately register FIRs in missing person cases without waiting for a preliminary inquiry, and the FIR must include the relevant kidnapping and trafficking provisions. Missing child cases are to be treated from the outset on a presumption of kidnapping or abduction, while anti-human trafficking units must be made fully functional and supported by an all-India police grid with a dedicated human trafficking portal.
May 22, 2026
Show AI Summary
External sector outlook faces pressure from financial conditions, crude oil prices and capital flows amid West Asia uncertainty.
External sector outlook remains under pressure from financial conditions, crude oil prices and capital flows amid the West Asia conflict, with volatility in commodity markets, global trade flows and supply chains adding to uncertainty. India is described as entering this phase from a position of macroeconomic strength, with domestic demand continuing as the main driver of growth, while robust services exports, positive net FDI flows, foreign exchange reserve buffers and policy measures are expected to cushion external headwinds.
May 22, 2026
Show AI Summary
RBI surplus transfer and contingent risk buffer policy reflect strong income, balance-sheet growth, and macroeconomic caution.
The Reserve Bank of India approved transfer of surplus to the Central Government for the accounting year 2025-26 after reviewing its financial performance, macroeconomic conditions and risk buffer requirements. The approved surplus transfer was set at Rs 2,86,588.46 crore, while the Bank also recorded net income of Rs 3.96 lakh crore for FY26 and an expanded balance sheet of Rs 91,97,121.08 crore. Under the revised Economic Capital Framework, the Central Board maintained flexibility for the Contingent Risk Buffer within the range of 4.5 per cent to 7.5 per cent.
May 22, 2026
Show AI Summary
Retail access to corporate bonds expands as digital platforms, lower entry thresholds, and changing rates reshape fixed-income investing.
India's corporate bond market is becoming more accessible to retail investors as digital investment platforms, lower entry thresholds and improved awareness broaden participation beyond institutions and large financial investors. Retail access has been supported by RBI Retail Direct, SEBI's online bond platform framework and lower minimum investment requirements, which have made listed corporate bonds easier to compare, review and hold through digital channels. The market is also being shaped by changing interest rate conditions, with investors increasingly comparing corporate bonds against fixed deposits and other fixed-income products on the basis of yield, risk and tax treatment.
May 22, 2026
Show AI Summary
Foreign exchange reserves decline as foreign currency assets, gold reserves and SDRs fall amid rupee pressure.
India's foreign exchange reserves declined during the reporting week, driven mainly by a fall in foreign currency assets, with additional decreases in gold reserves, special drawing rights, and the reserve position with the IMF. The note states that foreign currency assets are affected by changes in non-US currencies and refers to forex market intervention through dollar sales amid rupee pressure.
May 22, 2026
Show AI Summary
Smuggled foreign-origin areca nuts seized in intelligence-based operations, with arrests made in the North-East region.
DRI conducted intelligence-based operations in Mizoram and Assam and seized around 60,000 kg of smuggled foreign-origin dried areca nuts alleged to have been brought into India from Myanmar through the Myanmar-Mizoram border. Five persons were arrested in connection with the seizures, and the illegal influx was stated to be causing economic harm to domestic areca nut growers and border-region economic security.
May 22, 2026
Show AI Summary
Foreign travel curbs and domestic tourism push aim to conserve fuel, foreign exchange, and support local economy.
The Maharashtra government has cancelled all proposed foreign tours of its tourism department and affiliated delegations with immediate effect to conserve fuel and foreign exchange reserves. The measure follows the Prime Minister's austerity appeal and the Chief Minister's directions, with an official order issued to the department. The ministry also urged citizens to prioritise domestic tourism, conserve foreign exchange, reduce energy and resource wastage, and use public transport or eco-friendly vehicles wherever possible.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters
Corp. Laws / SEBI / IBC

Delhi HC to hear on Tuesday pleas against Centre's order to vacate Gymkhana Club premises

May 25, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

New Delhi, May 25 (PTI) Members of the Delhi Gymkhana Club on Monday moved the Delhi High Court against the Centre's order asking the club to hand over its premises to the government by June 5.

Senior advocate Abhishek Singhvi mentioned the matter before Justice Avneesh Jhingan for an urgent hearing.

The court listed the lawsuit for hearing on Tuesday.

The Centre has asked the Gymkhana Club in Lutyens' Delhi to hand over its premises by June 5, citing that the 27.3-acre land parcel was required for “strengthening and securing defence infrastructure”.

The order, issued by the Land & Development Office (L&DO) under the Union Housing and Urban Affairs Ministry, stated that the premises, located in a highly sensitive and strategic area of Delhi, are critically required for the strengthening and securing of defence infrastructure and for other vital public security purposes.

Another lawsuit by the Delhi Gymkhana Club Ltd Staff Welfare Association against the Centre’s order is also scheduled to be taken up by Justice Avneesh Jhingan on Tuesday.

It says that the cooks, waiters, kitchen and housekeeping staff, gardeners and groundsmen, electricians and plumbers, lifeguards, security personnel, etc., employed at the club seeks protection of their source of livelihood as well as fundamental rights under Articles 14, 19(1)(g) and 21 of the Constitution.

Seeking to quash the Centre's May 22 order, the plea says the club was not a place of leisure for them but their place of work.

Vijay Khurana, a 79-year-old Gymkhana Club member who filed the first lawsuit, said that the "vague and generalised reasons" of defence infrastructure and security given by the Centre were just a "sham" and the move was an "attempt to effect forced eviction" instead of following the due process of law.

The takeover is through a "premeditated and coordinated design" and not for any "genuine or emergent public requirement", the plea claimed.

Khurana said more than 500 members of the Delhi Gymkhana Club supported the lawsuit.

It seeks to restrain the Central government from "illegally determining" the Gymkhana Club's perpetual leasehold rights and to prevent any forced dispossession from the historic premises situated on 2, Safdarjung Road, adjacent to the prime minister’s residence on Lok Kalyan Marg.

The lawsuit said urgent interim protection was necessary in this case, claiming that the Centre has “threatened” to take possession of the plot of land on June 5 through “coercive measures” and police assistance, which will result in an “irreversible” and “irreparable” situation.

In the lawsuit, Khurana emphasised that the Delhi Gymkhana Club and its members have invested substantial resources towards the development, maintenance and modernisation of the club, and the Centre was seeking to dismantle its institutional existence and irretrievably extinguish the "valuable associational, participatory and membership rights accrued over decades".

He also claimed that the Centre's notice, dated May 22, is malicious and neither provides for any compensation nor does it establish a "bona fide public purpose" in terms of the perpetual lease deed to unilaterally extinguish "century-old" rights.

The lawsuit argued that the Centre's decision is in flagrant violation of Article 300A of the Constitution, as records showed that the Delhi Gymkhana Club has proprietary rights over the land, which cannot be taken away arbitrarily without an acquisition process and payment of compensation.

Article 300A states that no person can be deprived of his property except by the authority of law.

"The uninterrupted recognition of Defendant No. 2’s (Delhi Gymkhana Club) perpetual leasehold rights for nearly a century, coupled with continued acceptance of rent and performance of contractual obligations, created a legitimate expectation of continuity and non-arbitrary treatment," the lawsuit, filed through lawyer Naman Joshi, said.

"Having already exercised deep and pervasive control over the governance and functioning of Defendant No. 2 through government-appointed nominees, Defendant No. 1 (Centre) has now sought, through the impugned notice, to assume complete control and possession of the suit property itself.

“The sequence, timing and nature of the impugned action demonstrate a premeditated and coordinated design rather than any genuine or emergent public requirement," it added.

In 2022, the National Company Law Tribunal (NCLT) permitted the appointment of 15 government-nominated directors on the club's general committee after the Ministry of Corporate Affairs filed a plea alleging oppression and mismanagement in its affairs.

The Delhi Gymkhana Club stands on one of the city's most valuable and strategically important land parcels, within the high-security administrative zone that houses several key Central government and defence establishments.

Originally founded on July 3, 1913, as the Imperial Delhi Gymkhana Club, the institution was established to serve colonial administrators and military officers.

The word ‘Imperial’ was dropped after India gained Independence in 1947, while the existing structures were constructed in the 1930s. PTI ADS ARI

Topics

Acts Income Tax