5. The Authority may, after considering the application and on being satisfied that the applicant has complied with the conditions laid down in regulation 5 and is eligible to be recognised as a bullion exchange or a bullion clearing corporation, as the case may be, grant recognition to the applicant in terms of section 4 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and may impose such additional conditions as it may deem fit. Provided that the Authority may refuse to g... ... ...

4. (1) An applicant seeking recognition as a bullion exchange or bullion clearing corporation, as the case may be, shall comply with the following conditions, namely: (a) the applicant is a company limited by shares; (b) the applicant is demutualised; (c) the applicant, its directors and shareholders who hold or intend to hold shares, are fit and proper persons, as specified in these regulations; (d) the applicant satisfies the conditions relating to owner... ... ...

CHAPTER II RECOGNITION OF BULLION EXCHANGE AND BULLION CLEARING CORPORATION 3. (1) An applicant which is desirous of being recognised as a bullion exchange or bullion clearing corporation shall submit an application along with the applicable fee in such form and manner as may be specified by the Authority. (2) Every application under sub-regulation (1) shall contain such particulars as may be specified by the Authority, and shall be accompanied by the copy of the memorandum of assoc... ... ...

2. (1) In these regulations, unless the context otherwise requires, the terms defined herein shall bear the meanings assigned to them below, and their cognate expressions and variations shall be construed accordingly: (a) "Act" means the International Financial Services Centres Authority Act, 2019 (50 of 2019); (b) "associate", in relation to a person, shall include another person: (i) who, directly or indirectly, by himself or in combination with other persons, ex... ... ...

INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 4th February, 2025 INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY (BULLION MARKET) REGULATIONS, 2025 F. No. IFSCA/GN/2025/001 .- In exercise of the powers conferred by sub-section (1) of section 28 read with sub-section (1) of section 12 and sub-section (1) of section 13 of the International Financial Services Centres Authority Act, 2019; sections 4, 8A and 31 of the Securities Contracts (Regulation)... ... ...

GOVERNMENT OF NCT OF DELHI DEPARTMENT OF TRADE AND TAXES POLICY-GST BRANCH, VYAPAR BHAWAN, NEW DELHI-110002. No. F.3(296)/Policy/GST/2019/888 Dated: 21/12/2021 ORDER The competent authority is pleased to allow reimbursement of amount equivalent to Delhi Goods and Services Tax (DGST), payable & deposited on services by way of admission to exhibition of film "83" in Multiplexes/ Cinema Halls of Delhi as the movie will be a source of inspiration for youth to invoke feeling of p... ... ...

Sale proceeds from shares cannot be treated as unexplained cash credit merely on the basis of a general penny-stock investigation report where the taxpayer substantiates acquisition, holding and sale through allotment records, banking payments, demat statements, contract notes, broker ledgers and securities transaction tax evidence. Transactions conducted through a registered broker and stock exchange require contrary material specifically linking the taxpayer to accommodation entries, cash payments or price manipulation. Generic material concerning alleged entry operators does not displace the evidentiary burden already met. On these facts, the addition under Section 68 was directed to be deleted.

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... ... ...

Physical verification of an applicant's place of business is compulsory before registration is granted under the DGST Act, 2017. Proper Officers must complete verification within seven days of receiving the application. Under Rule 25, verification may be conducted in the presence of the concerned person, and the report, supporting documents and photographs must be uploaded in Form GST REG-30 within 15 working days following verification. The measure addresses non-existing registrants and concerns regarding registration-based tax evasion.

Section 14A disallowance requires the Assessing Officer to record cogent dissatisfaction with the correctness of the taxpayer's expenditure claim before applying the statutory disallowance mechanism. Without that recorded satisfaction, the disallowance cannot be sustained. Consequently, an unsupported disallowance cannot reduce profits eligible for the Section 80IA deduction or be added back in computing book profit under Section 115JB. The absence of a valid foundational disallowance therefore defeats both consequential adjustments.

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.