Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULAR No: IBBI/CIRP/105/2026 Date: 09th September, 2026 To All Registered Insolvency Professionals All Insolvency Professional Entities All Insolvency Professional Agencies (By way of circulation on the website of IBBI) Subject: 1. The Insolvency and Bankruptcy Board of India (IBBI / Board) has received information from law enforcement and regulatory agencies t... ... ...

GOVT. OF NCT OF DELHI DEPARTMENT OF TRADE & TAXES, VYAPAR BHAWAN: I.P. ESTATE: NEW DELHI-110002 No. F.3(400)/GST/Policy/Misc/2021-819-21 Dated: 21-10-2021 ORDER As per Rule 25 of DGST Rule, 2017 where the Proper Officer is satisfied that the physical verification of the place of business is required, he may get such verification of the place of business in the presence of said person and verification report along with the documents including photographs shall be uploaded, in Fo... ... ...

K. R. SHRIRAM AND DR. NEELA GOKHALE, JJ. For the Appellant : Mr. Suresh Kumar a/w Dr. Dhanalakshmi Iyer For the Respondent : Ms Priyanka Jain a/w Mr. Pankaj Soni i/b Vaish Associates P.C. : The following five substantial questions of law are proposed: 1 "1) Whether on the facts and circumstances of the case and in law, the ITAT was justified in deleting the disallowance of Rs.44,03,33,135/- made u/s.14A of the I.T. Act, by holding that no disallowance u/s.14A of the I.T. Act... ... ...

GST refund applications received through the GST portal must be processed on a first-in-first-out basis. Proper Officers must update refund case status in the zonal Google Sheet under KPI 14, and all refund-related communications must be made through the GSTN Portal using prescribed statutory forms. Nodal officers must compile ward-level data weekly, reconcile consolidated information with GSTN MIS reports, and submit it to the Competent Authority.

BRICS finance ministers and central bank governors seek reform of global financial governance to increase emerging-market and developing-economy representation in the International Monetary Fund and World Bank. The agenda includes quota realignment, transparent leadership selection and correction of developing-country underrepresentation. Cooperation also supports expanded New Development Bank financing, local-currency lending, a multilateral guarantees mechanism, and a more flexible Contingent Reserve Arrangement for liquidity support during balance-of-payments pressures.

Constitutional review jurisdiction is distinct from appellate jurisdiction and requires a manifest error apparent on the face of the record that undermines the decision or causes a miscarriage of justice. Allegations of inadequate legal representation raised belatedly do not meet that threshold without a compelling circumstance, glaring omission, or patent mistake. A death-sentence review petition already dismissed may nevertheless be reopened for a limited oral hearing where the sentence remains unexecuted and the reopening request is made within the stipulated period. This procedural safeguard does not relax the substantive standard for review.

India-China trade reflects a widening deficit driven by imports of industrial raw materials, intermediate goods and capital goods used in manufacturing. Dependence is concentrated in electronics, machinery, computers, organic chemicals, electronic components, batteries, solar modules, active pharmaceutical ingredients and specialty chemicals. Foreign direct investment norms are relaxed for certain companies outside land-border countries where beneficial ownership from such countries remains below the specified threshold and non-controlling. Entities registered in China, Hong Kong and other land-border countries remain excluded from that relaxation.

Ward 210 (Fake Firm Cell) centralises enforcement concerning non-existent taxpayers or firms involved in tax evasion or wrongful or fraudulent availment of input tax credit exceeding Rs. 5 crore during a financial year. Its jurisdiction extends throughout the National Capital Territory of Delhi. Designated officers may exercise statutory powers for the Ward, and firms found non-existent during field verification must be transferred to it through the State Admin for further action.

The Supreme Court condoned delay, issued notice in a criminal special leave petition, and stayed operation of the High Court's impugned judgment and order until further orders. The stay preserves the position pending further consideration of the petition; no substantive GST issue or final legal determination is recorded.

Cotton-quotation betting constitutes wagering rather than gaming where parties stake money on uncertain market quotations without any interest beyond the stake. Gaming under the Calcutta Police Act requires stakes on a game, sport, pastime or contest, and a common gaming house requires gaming instruments kept or used for the keeper's profit. Boards, vouchers, books, price lists and cash boxes that merely record or evidence cotton bets are not gaming instruments. The specific statutory treatment of rain-gambling records as gaming instruments does not extend to cotton betting. Such premises therefore do not constitute a common gaming house, and the penal provision does not apply.

Power to grant, suspend, revoke or rescind a mineral procurement and transport licence rests with the Deputy Director of Mines having territorial jurisdiction. That statutory authority must exercise its own discretion and cannot suspend a licence solely on directions from the Director of Mines, who lacks the prescribed power. Suspension issued pursuant to such an instruction is invalid in law.

Bank-account attachment for recovery of unpaid DVAT and GST demands may cover tax, penalty, interest and other dues, including provisional attachment to protect revenue in specified cases. Prior approval of the Commissioner, Trade and Taxes is mandatory for attachment and detachment. Bank communications must be digitally signed, issued in the prescribed format, copied to the Nodal Officer, and sent through the concerned officer's official email account. Banks may seek Nodal Officer confirmation before detaching an account.

Appeals under Clause 15 of the Letters Patent lie from a single Judge's order under Section 622 of the Civil Procedure Code when the revisional order amounts to a judgment determining rights or interests. The majority treated revisional power as appellate in character because it reviews and corrects proceedings already decided by a subordinate court. Sections 588 and 591 did not restrict a Letters Patent appeal in those circumstances. The dissent distinguished revisional jurisdiction from appellate jurisdiction and considered statutory restrictions on appeals from orders applicable.

Centralized GST registration processing is to be established through SEVA KENDRA, a single registration cell for the entire Delhi jurisdiction. Once operational guidelines take effect, every GST registration matter is to be processed at SEVA KENDRA irrespective of area-based jurisdiction. Proper Officers deployed there are to manage GST registration applications, while transfer of Application Reference Numbers, where required under the rules, is to be undertaken only by State Administration.

Permanent settlement of Khasmahal land used as a homestead requires qualifying use for at least five years as on the appointed date and remains subject to the Collector's approval. Possession of a predecessor-in-interest may be combined with that of purchasers when calculating the qualifying period. Khasmahal leasehold rights are heritable and transferable, with a right of renewal. Following an enquiry and a Tahasildar's recommendation for permanent settlement, the Collector must lawfully exercise the statutory approval power. Unexplained inaction or repeated return of the proposal may undermine the settlement framework, and mandamus may compel lawful exercise of a statutory power where inaction causes injustice.

Statement of Financial Transactions reporting for depository transactions requires depositories to furnish half-yearly transaction information for pre-filling income-tax returns with capital gains, income and loss data. Transaction summaries must cover user-initiated demat-account debit transactions, with corresponding credits identified through the First In First Out method. Estimated sale consideration and cost of acquisition follow prescribed weighted-average, end-of-day price, fair-market-value and indexed-cost methods. Files must be submitted in the prescribed format with a signed control statement. Validation failures, inaccuracies and defects must be rectified through correction or deletion submissions.

Registrar and Share Transfer Agents must furnish half-yearly SFT-2518 information on mutual fund transactions for return pre-filling, through prescribed SFTP filing and a control statement verified by the Designated Director. Reporting covers user-initiated debit transactions and uses FIFO matching to identify corresponding credits, determine holding periods, classify assets, and estimate sale consideration and acquisition cost. Prescribed files capture account summaries, transaction-level capital-gain data, and off-market transfers. Corrections and deletions require specified statements, while validation failures, information security, archival, and retrieval obligations apply to all reporting entities.

GST return scrutiny for FY 2017-18 requires observance of the taxpayer's 30-day period for replying or making a representation to a show-cause notice. A personal hearing should be scheduled after the reply is filed or after expiry of that period, as applicable, and must be afforded before any adverse order. Notices covering issues already concluded through audit or return scrutiny must be withdrawn to the relevant extent after verification and recording of reasons. Taxpayers must be informed where proceedings are dropped.

Rule 9 of the Orissa Minerals Rules permits suspension or cancellation of a licence for breach of licence conditions only after issuing a show-cause notice. Transit passes or permits cannot be withheld merely on concerns relating to group entities where those concerns have been clarified and do not establish a breach by the licensee. Environmental-clearance issues concerning another group entity do not justify action against the licensee under Rule 9. Licensing authorities exercising quasi-judicial power must act independently, identify a prima facie breach of licence conditions, and cannot act under another authority's dictation. Suspension was liable to be quashed upon filing an affidavit confirming rectification and future compliance.

Twenty-seven writ petitions pending before nine High Courts, concerning an issue already under consideration in a pending Supreme Court batch, were transferred for consolidated adjudication. The transfer centralises related challenges before one forum and enables coordinated consideration with connected special leave petitions, writ petitions and appeals. The Union of India may file counter-affidavits where not already filed, while designated nodal counsel must prepare a common compilation under the applicable standard operating procedure. The transfer petitions were allowed and pending applications were disposed of.