TaxGuru.in - Daily Newsletter

Business | Lupin reports mixed financial results for Q2 FY2027 with notable sales growth

TG Team — Tue, 03 Nov 2026 20:14:23 +0000

Mumbai, November 4, 2026: Lupin Limited, a prominent player in the pharmaceutical industry, has announced its unaudited financial results for the second quarter of the fiscal…

The post Lupin reports mixed financial results for Q2 FY2027 with notable sales growth appeared first on TaxGuru.

Custom Duty | SC Upholds Bharat Rasayan MEIS Relief; Customs Jurisdiction Question Left Open

CA Sandeep Kanoi — Tue, 03 Nov 2026 17:45:23 +0000

The post SC Upholds Bharat Rasayan MEIS Relief; Customs Jurisdiction Question Left Open appeared first on TaxGuru.

Custom Duty | Customs Cannot Cancel DGFT-Issued MEIS Scrips: CESTAT Mumbai Allows Exporter’s Appeal

CA Sandeep Kanoi — Tue, 03 Nov 2026 17:44:53 +0000

The post Customs Cannot Cancel DGFT-Issued MEIS Scrips: CESTAT Mumbai Allows Exporter’s Appeal appeared first on TaxGuru.

Goods and Services Tax | GST Registration Restored on Filing Pending Returns and Penalty: Telangana High Court

CA Sandeep Kanoi — Tue, 03 Nov 2026 17:44:16 +0000

The post GST Registration Restored on Filing Pending Returns and Penalty: Telangana High Court appeared first on TaxGuru.

Income Tax | Section 263 Revision Quashed for Co-operative Bank Interest Deduction: ITAT Surat

CA Sandeep Kanoi — Tue, 03 Nov 2026 17:43:32 +0000

The post Section 263 Revision Quashed for Co-operative Bank Interest Deduction: ITAT Surat appeared first on TaxGuru.

Corporate Law | Justdial Deleted From Trademark Infringement Suit After Compliance Undertaking: Delhi HC

CA Sandeep Kanoi — Tue, 03 Nov 2026 17:43:04 +0000

The post Justdial Deleted From Trademark Infringement Suit After Compliance Undertaking: Delhi HC appeared first on TaxGuru.

Corporate Law | ED Cannot Arrest Without Fresh Grounds After Seeking Interrogation: Bombay High Court

CA Sandeep Kanoi — Tue, 03 Nov 2026 17:42:39 +0000

The post ED Cannot Arrest Without Fresh Grounds After Seeking Interrogation: Bombay High Court appeared first on TaxGuru.

Corporate Law | Arrest Without Proper Grounds Violates Constitutional Rights: Bombay High Court

CA Sandeep Kanoi — Tue, 03 Nov 2026 17:41:57 +0000

The post Arrest Without Proper Grounds Violates Constitutional Rights: Bombay High Court appeared first on TaxGuru.

Corporate Law | Partition Decree Cannot Defeat Independent Third-Party Property Rights: Supreme Court

CA Sandeep Kanoi — Tue, 03 Nov 2026 17:41:25 +0000

The post Partition Decree Cannot Defeat Independent Third-Party Property Rights: Supreme Court appeared first on TaxGuru.

Corporate Law | SC Clarifies Money Lending Restrictions and Security Cheque Prosecution Rules in Raj Kumar Santoshi Case

CA Sandeep Kanoi — Tue, 03 Nov 2026 17:38:48 +0000

The post SC Clarifies Money Lending Restrictions and Security Cheque Prosecution Rules in Raj Kumar Santoshi Case appeared first on TaxGuru.

Corporate Law | Security Cheque Defence Cannot Justify Quashing of Section 138 Proceedings: Delhi HC

CA Sandeep Kanoi — Tue, 03 Nov 2026 17:37:35 +0000

The post Security Cheque Defence Cannot Justify Quashing of Section 138 Proceedings: Delhi HC appeared first on TaxGuru.

Income Tax | Section 14A Amendment Held Retrospective by ITAT Guwahati in Williamson Financial Case

CA Sandeep Kanoi — Tue, 03 Nov 2026 17:28:21 +0000

The post Section 14A Amendment Held Retrospective by ITAT Guwahati in Williamson Financial Case appeared first on TaxGuru.

Service Tax | Barauni Crude Oil Terminal Facilities Liable to Service Tax: Patna High Court

CA Sandeep Kanoi — Tue, 03 Nov 2026 17:27:14 +0000

The post Barauni Crude Oil Terminal Facilities Liable to Service Tax: Patna High Court appeared first on TaxGuru.

Corporate Law | Arbitrator Cannot Ignore Express Contract Terms While Granting Award: SC

CA Sandeep Kanoi — Tue, 03 Nov 2026 17:07:26 +0000

The post Arbitrator Cannot Ignore Express Contract Terms While Granting Award: SC appeared first on TaxGuru.

Goods and Services Tax | Incomplete VAT Returns Cannot Qualify for Deemed Assessment Under Section 22(2): Madras HC

CA Sandeep Kanoi — Tue, 03 Nov 2026 17:06:05 +0000

The post Incomplete VAT Returns Cannot Qualify for Deemed Assessment Under Section 22(2): Madras HC appeared first on TaxGuru.

Income Tax | Section 50C Inapplicable to Surrender of Tenancy Rights: ITAT Mumbai Deletes Rs.38.48 Lakh Addition

CA Sandeep Kanoi — Tue, 03 Nov 2026 17:04:27 +0000

The post Section 50C Inapplicable to Surrender of Tenancy Rights: ITAT Mumbai Deletes Rs.38.48 Lakh Addition appeared first on TaxGuru.

Income Tax | Section 148 Reassessment Deeming Provision Challenged: Delhi HC Grants Interim Protection

CA Sandeep Kanoi — Tue, 03 Nov 2026 17:03:48 +0000

The post Section 148 Reassessment Deeming Provision Challenged: Delhi HC Grants Interim Protection appeared first on TaxGuru.

Income Tax | Section 14A Disallowance Cannot Be Automatically Added to MAT Book Profit: ITAT Mumbai

CA Sandeep Kanoi — Tue, 03 Nov 2026 17:01:04 +0000

The post Section 14A Disallowance Cannot Be Automatically Added to MAT Book Profit: ITAT Mumbai appeared first on TaxGuru.

Income Tax | Vodafone Eligible for Section 80-IA Deduction on Telecom Business Income: ITAT Mumbai

CA Sandeep Kanoi — Tue, 03 Nov 2026 16:54:06 +0000

The post Vodafone Eligible for Section 80-IA Deduction on Telecom Business Income: ITAT Mumbai appeared first on TaxGuru.

Income Tax | ITAT Deletes Vodafone’s ₹296.15 Crore Transfer Pricing Adjustments on Royalty and AMP

CA Sandeep Kanoi — Tue, 03 Nov 2026 16:50:36 +0000

The post ITAT Deletes Vodafone’s ₹296.15 Crore Transfer Pricing Adjustments on Royalty and AMP appeared first on TaxGuru.

Goods and Services Tax | Wrong GST ITC Utilisation Under IGST, CGST and SGST Heads: Kerala HC Orders Reassessment

CA Sandeep Kanoi — Tue, 03 Nov 2026 16:43:55 +0000

The post Wrong GST ITC Utilisation Under IGST, CGST and SGST Heads: Kerala HC Orders Reassessment appeared first on TaxGuru.

Goods and Services Tax | GST ITC Adjustment Between IGST, CGST and SGST: Kerala HC Quashes Assessment Order

CA Sandeep Kanoi — Tue, 03 Nov 2026 16:43:29 +0000

The post GST ITC Adjustment Between IGST, CGST and SGST: Kerala HC Quashes Assessment Order appeared first on TaxGuru.

Goods and Services Tax | GST ITC Under Wrong Tax Heads: Kerala HC Orders Fresh Review of CGST-SGST Credit

CA Sandeep Kanoi — Tue, 03 Nov 2026 16:42:40 +0000

The post GST ITC Under Wrong Tax Heads: Kerala HC Orders Fresh Review of CGST-SGST Credit appeared first on TaxGuru.

Goods and Services Tax | GST ITC Cannot Be Denied Solely for GSTR-2A Mismatch: Kerala HC Orders Reassessment

CA Sandeep Kanoi — Tue, 03 Nov 2026 16:41:15 +0000

The post GST ITC Cannot Be Denied Solely for GSTR-2A Mismatch: Kerala HC Orders Reassessment appeared first on TaxGuru.

Income Tax | Bombay HC Allows Film Publicity Expenses, Rejects Section 14A Disallowance

CA Sandeep Kanoi — Tue, 03 Nov 2026 16:40:27 +0000

The post Bombay HC Allows Film Publicity Expenses, Rejects Section 14A Disallowance appeared first on TaxGuru.

Income Tax | Section 12AA Registration Granted During Appeal Allows Earlier Year Tax Exemption: ITAT Delhi

CA Sandeep Kanoi — Tue, 03 Nov 2026 16:27:11 +0000

The post Section 12AA Registration Granted During Appeal Allows Earlier Year Tax Exemption: ITAT Delhi appeared first on TaxGuru.

Income Tax | Section 153A Additions Based on Uncorroborated Statements Deleted by ITAT Delhi

CA Sandeep Kanoi — Tue, 03 Nov 2026 16:26:15 +0000

The post Section 153A Additions Based on Uncorroborated Statements Deleted by ITAT Delhi appeared first on TaxGuru.

Income Tax | Cheque Discounting Turnover Cannot Be Taxed Entirely as Unexplained Income: ITAT Surat

CA Sandeep Kanoi — Tue, 03 Nov 2026 16:24:51 +0000

The post Cheque Discounting Turnover Cannot Be Taxed Entirely as Unexplained Income: ITAT Surat appeared first on TaxGuru.

Income Tax | Real Estate On-Money Profit Estimation Reduced from 17% to 13%: ITAT Ahmedabad

CA Sandeep Kanoi — Tue, 03 Nov 2026 16:22:53 +0000

The post Real Estate On-Money Profit Estimation Reduced from 17% to 13%: ITAT Ahmedabad appeared first on TaxGuru.

Income Tax | WhatsApp Messages Alone Cannot Prove Unaccounted Cash Payments: ITAT Mumbai

CA Sandeep Kanoi — Tue, 03 Nov 2026 16:20:10 +0000

The post WhatsApp Messages Alone Cannot Prove Unaccounted Cash Payments: ITAT Mumbai appeared first on TaxGuru.

Corporate Law | SC Explains When Defamation Complaints Can Be Quashed Under Section 482 CrPC

CA Sandeep Kanoi — Tue, 03 Nov 2026 16:18:41 +0000

The post SC Explains When Defamation Complaints Can Be Quashed Under Section 482 CrPC appeared first on TaxGuru.

Corporate Law | Arbitral Award by Unilaterally Appointed Arbitrator Unenforceable: Delhi HC

CA Sandeep Kanoi — Tue, 03 Nov 2026 16:00:41 +0000

The post Arbitral Award by Unilaterally Appointed Arbitrator Unenforceable: Delhi HC appeared first on TaxGuru.

Income Tax | Arbitration Award Set Aside for Non-Compliance With Sections 12 and 21: Delhi High Court

CA Sandeep Kanoi — Tue, 03 Nov 2026 16:00:07 +0000

The post Arbitration Award Set Aside for Non-Compliance With Sections 12 and 21: Delhi High Court appeared first on TaxGuru.

Corporate Law | Unilateral Arbitrator Appointment Invalid Without Mandatory Disclosure: Delhi HC

CA Sandeep Kanoi — Tue, 03 Nov 2026 15:59:28 +0000

The post Unilateral Arbitrator Appointment Invalid Without Mandatory Disclosure: Delhi HC appeared first on TaxGuru.

Corporate Law | Premature Cheque Bounce Complaint Invalid Under Section 138 NI Act: MP High Court

CA Sandeep Kanoi — Tue, 03 Nov 2026 15:58:49 +0000

The post Premature Cheque Bounce Complaint Invalid Under Section 138 NI Act: MP High Court appeared first on TaxGuru.

Income Tax | ITAT Quashes AY 2016-17 Reassessment: Section 148 Notice Issued After Surviving Limitation

CA Sandeep Kanoi — Tue, 03 Nov 2026 15:58:27 +0000

The post ITAT Quashes AY 2016-17 Reassessment: Section 148 Notice Issued After Surviving Limitation appeared first on TaxGuru.

Corporate Law | Section 9 Insolvency Petition Fails Without Debtor-Creditor Relationship: NCLAT Delhi

CA Sandeep Kanoi — Tue, 03 Nov 2026 15:49:14 +0000

The post Section 9 Insolvency Petition Fails Without Debtor-Creditor Relationship: NCLAT Delhi appeared first on TaxGuru.

Corporate Law | Pre-Existing Coal Supply Dispute Bars Section 9 Insolvency Admission: NCLAT Delhi

CA Sandeep Kanoi — Tue, 03 Nov 2026 15:48:13 +0000

The post Pre-Existing Coal Supply Dispute Bars Section 9 Insolvency Admission: NCLAT Delhi appeared first on TaxGuru.

Corporate Law | Prior Appointment in Related Arbitration Not Automatic Bar to Arbitrator: Karnataka HC

CA Sandeep Kanoi — Tue, 03 Nov 2026 15:28:30 +0000

The post Prior Appointment in Related Arbitration Not Automatic Bar to Arbitrator: Karnataka HC appeared first on TaxGuru.

Fema / RBI | RBI Relaxes EDF Filing: ₹10 Lakh Limit for Service Exporters Under FEMA 2026

CA Sandeep Kanoi — Tue, 03 Nov 2026 15:25:07 +0000

RBI amends FEMA export and import rules from 1 October 2026, easing service export declarations and import reporting for individuals and transactions up to ₹10 lakh.

The post RBI Relaxes EDF Filing: ₹10 Lakh Limit for Service Exporters Under FEMA 2026 appeared first on TaxGuru.

Fema / RBI | RBI Relaxes FEMA EDF and IDPMS Reporting Rules for Services from October 2026

TG Team — Tue, 03 Nov 2026 15:12:02 +0000

RBI simplifies FEMA service export declarations and IDPMS reporting from 1 October 2026, with a ₹10 lakh threshold for non-individual entities.

The post RBI Relaxes FEMA EDF and IDPMS Reporting Rules for Services from October 2026 appeared first on TaxGuru.

Corporate Law | LinkedIn Account Restriction Not Amenable to Writ: Delhi High Court

CA Vijayakumar Shetty — Tue, 03 Nov 2026 14:50:36 +0000

The post LinkedIn Account Restriction Not Amenable to Writ: Delhi High Court appeared first on TaxGuru.

Income Tax | IPO Listing Gains: Can an Off-Market Sale Help Save Income Tax?

Anita Bhadra — Tue, 03 Nov 2026 14:46:07 +0000

Can an off-market IPO share sale reduce income tax? Explore Section 111A, STT, normal slab rates and Section 87A rebate for AY 2026-27.

The post IPO Listing Gains: Can an Off-Market Sale Help Save Income Tax? appeared first on TaxGuru.

Goods and Services Tax | GST Arrest Without Commissioner’s Recorded Reasons to Believe Illegal: Punjab and Haryana HC

CA Sandeep Kanoi — Tue, 03 Nov 2026 14:42:31 +0000

The post GST Arrest Without Commissioner’s Recorded Reasons to Believe Illegal: Punjab and Haryana HC appeared first on TaxGuru.

Income Tax | CIT(A) Order Passed Before Reply Deadline Quashed by Delhi High Court

CA Sandeep Kanoi — Tue, 03 Nov 2026 14:39:48 +0000

The post CIT(A) Order Passed Before Reply Deadline Quashed by Delhi High Court appeared first on TaxGuru.

Fema / RBI | Drafting FEMA-Compliant Board Resolutions: RBI Filings, Pricing and Authorisation

Srinivas Viswanath — Tue, 03 Nov 2026 14:30:08 +0000

Learn how to draft FEMA-compliant board resolutions for FDI, ODI and ECB transactions, RBI filings, valuation, AD bank scrutiny and MCA compliance.

The post Drafting FEMA-Compliant Board Resolutions: RBI Filings, Pricing and Authorisation appeared first on TaxGuru.

Company Law | Memorandum of Association (MOA): Clauses, Doctrines and Alteration Procedure under Companies Act

Soumyaranjan Adhikary — Tue, 03 Nov 2026 14:28:44 +0000

Understand MOA under Companies Act, 2013, its six clauses, corporate law doctrines, alteration procedure and ROC filing requirements.

The post Memorandum of Association (MOA): Clauses, Doctrines and Alteration Procedure under Companies Act appeared first on TaxGuru.

Income Tax | आयकर समाप्त हो या व्यवस्था में सुधार? बदलते भारत में कर प्रणाली की नई बहस

ADVABHISHEKKALRA — Tue, 03 Nov 2026 14:27:33 +0000

भारत में आयकर समाप्त करने की बहस, आयकर अधिनियम 2025, कर सुधार, कालाधन, मध्यम वर्ग, राजस्व और आर्थिक विकास का विश्लेषण।

The post आयकर समाप्त हो या व्यवस्था में सुधार? बदलते भारत में कर प्रणाली की नई बहस appeared first on TaxGuru.

Goods and Services Tax | No Indefinite GST Bank Freeze Under Section 83: Gauhati High Court

Megha Gupta — Tue, 03 Nov 2026 14:26:44 +0000

Gauhati HC orders four GST-frozen bank accounts released, holding that Section 83 provisional attachments expire after one year.

The post No Indefinite GST Bank Freeze Under Section 83: Gauhati High Court appeared first on TaxGuru.

CA, CS, CMA | 171 Legal Compliances and Legal Updates for Nov-2026 in India

CA Satish Agarwal — Tue, 03 Nov 2026 14:19:42 +0000

Explore 171 legal compliances and updates for November 2026 covering Income Tax, GST, FEMA, SEBI, Companies Act, labour laws and key due dates.

The post 171 Legal Compliances and Legal Updates for Nov-2026 in India appeared first on TaxGuru.

Business | Hero MotoCorp unveils new premium motorcycles and innovation hub at EICMA 2026

TG Team — Tue, 03 Nov 2026 14:14:34 +0000

Read the Hero MotoCorp Limited announcement filed with the NSE, with the key figures and what it means for shareholders.

The post Hero MotoCorp unveils new premium motorcycles and innovation hub at EICMA 2026 appeared first on TaxGuru.

Corporate Law | India-New Zealand Free Trade Agreement 2026: Tariff Benefits, Investment Opportunities and Mobility Provisions

King Stubb and Kasiva — Tue, 03 Nov 2026 14:05:10 +0000

India-New Zealand FTA effective 20 October 2026: explore tariff concessions, rules of origin, quota limits, work visas and opportunities for businesses.

The post India-New Zealand Free Trade Agreement 2026: Tariff Benefits, Investment Opportunities and Mobility Provisions appeared first on TaxGuru.

Finance | Money-Mule Accounts in India: Criminalisation, Bank Liability and UPI Fraud Victim Compensation

Kavichelvan G — Tue, 03 Nov 2026 14:04:24 +0000

Analysis of money-mule accounts, UPI fraud, PMLA, RBI KYC, bank due diligence, shared liability and time-bound victim compensation.

The post Money-Mule Accounts in India: Criminalisation, Bank Liability and UPI Fraud Victim Compensation appeared first on TaxGuru.

Business | Lupin launches Raltegravir tablets in US with 180-day exclusivity

TG Team — Tue, 03 Nov 2026 14:04:01 +0000

Read the Lupin Limited announcement filed with the NSE, with the key figures and what it means for shareholders.

The post Lupin launches Raltegravir tablets in US with 180-day exclusivity appeared first on TaxGuru.

Corporate Law | PFRDA Amends NPS Scheme Naming and PoP Display Rules; Compliance by 1 December 2026

Editor — Tue, 03 Nov 2026 13:58:36 +0000

PFRDA Circular 52/2026 revises NPS scheme naming, risk-category disclosures and PoP platform display rules, with implementation due by 1 December 2026.

The post PFRDA Amends NPS Scheme Naming and PoP Display Rules; Compliance by 1 December 2026 appeared first on TaxGuru.

Corporate Law | IBBI Suspends P.R. Raman for Two Years Over Five CIRP Compliance Violations

Editor — Tue, 03 Nov 2026 13:58:04 +0000

IBBI suspends P.R. Raman for two years over valuation failures, avoidance transaction lapses, delayed Form G and late EoI.

The post IBBI Suspends P.R. Raman for Two Years Over Five CIRP Compliance Violations appeared first on TaxGuru.

DGFT | DGFT Amends HBP 2023 Para 8.04(iii) for Online Tracking of Export Trade Disputes

Editor — Tue, 03 Nov 2026 13:57:42 +0000

DGFT Public Notice 38/2026-27 amends HBP 2023 to require regular online status updates on quality complaints and trade disputes until disposal.

The post DGFT Amends HBP 2023 Para 8.04(iii) for Online Tracking of Export Trade Disputes appeared first on TaxGuru.

Goods and Services Tax | Maharashtra GST Audit Selection Guidelines for FY 2023-24 Prescribe Revenue-Risk Thresholds

editor8 — Tue, 03 Nov 2026 13:55:02 +0000

Maharashtra prescribes FY 2023-24 GST audit selection through desk review, revenue-risk thresholds, central approval and controlled audit visits.

The post Maharashtra GST Audit Selection Guidelines for FY 2023-24 Prescribe Revenue-Risk Thresholds appeared first on TaxGuru.

Goods and Services Tax | GST ITC Investigation: Delhi HC Grants Interim Protection From Coercive Action/Arrest

CA Sandeep Kanoi — Tue, 03 Nov 2026 13:50:41 +0000

The post GST ITC Investigation: Delhi HC Grants Interim Protection From Coercive Action/Arrest appeared first on TaxGuru.

Income Tax | Karnataka HC Quashes Reassessment Notices Over Unverified Bank Credit Explanations

CA Vijayakumar Shetty — Tue, 03 Nov 2026 13:35:58 +0000

The post Karnataka HC Quashes Reassessment Notices Over Unverified Bank Credit Explanations appeared first on TaxGuru.

Income Tax | Section 260A Appeal Lies Where Assessing Officer Is Located, Not ITAT: Karnataka HC

CA Vijayakumar Shetty — Tue, 03 Nov 2026 13:33:24 +0000

The post Section 260A Appeal Lies Where Assessing Officer Is Located, Not ITAT: Karnataka HC appeared first on TaxGuru.

Goods and Services Tax | SARFAESI Section 26E Priority Prevails Over Unperfected GST Charge: Bombay HC

Abhishek Raja Ram — Tue, 03 Nov 2026 12:51:28 +0000

The post SARFAESI Section 26E Priority Prevails Over Unperfected GST Charge: Bombay HC appeared first on TaxGuru.

Business | Hindustan Zinc unveils advanced zinc alloys VedAZ and VedAyush for global markets

TG Team — Tue, 03 Nov 2026 12:45:19 +0000

Hindustan Zinc Limited, a leading player in the global zinc industry, has announced the launch of two innovative zinc alloys, VedAZ and VedAyush, designed to meet the evolving demands of the galvanizing industry.

The post Hindustan Zinc unveils advanced zinc alloys VedAZ and VedAyush for global markets appeared first on TaxGuru.

Business | Motilal Oswal Financial announces key leadership changes

TG Team — Tue, 03 Nov 2026 11:41:52 +0000

Motilal Oswal Financial Services announces major leadership changes in Alternates, Wealth Management and Private Wealth businesses effective November 2026.

The post Motilal Oswal Financial announces key leadership changes appeared first on TaxGuru.

Business | Motilal Oswal Financial announces significant leadership transitions

TG Team — Tue, 03 Nov 2026 11:36:55 +0000

Motilal Oswal Financial Services announces leadership changes across Alternates, Wealth Management and Private Wealth businesses in November 2026.

The post Motilal Oswal Financial announces significant leadership transitions appeared first on TaxGuru.

Business | TVS Motor Company Reports Robust Growth in Quarterly Revenue

TG Team — Tue, 03 Nov 2026 09:03:44 +0000

TVS Motor reports strong quarterly revenue growth driven by higher two-wheeler sales, electric vehicle innovation and expanding market demand.

The post TVS Motor Company Reports Robust Growth in Quarterly Revenue appeared first on TaxGuru.

Business | Solar India reports robust growth in Q2 and H1 FY2026-27

TG Team — Tue, 03 Nov 2026 08:59:43 +0000

Solar Industries reports 69% Q2 FY2026-27 revenue growth to ₹3,519 crore, ₹650 crore profit and a ₹20,178 crore order book, driven by defence demand.

The post Solar India reports robust growth in Q2 and H1 FY2026-27 appeared first on TaxGuru.

Corporate Law | Earnest Money Deposit Label Does Not Permit Forfeiture: Delhi HC Upholds ₹1.5 Crore Refund

CA Vijayakumar Shetty — Tue, 03 Nov 2026 08:35:16 +0000

The post Earnest Money Deposit Label Does Not Permit Forfeiture: Delhi HC Upholds ₹1.5 Crore Refund appeared first on TaxGuru.

Business | State Bank of India Reports 14.28% Increase in Q2FY27 Net Profit

TG Team — Tue, 03 Nov 2026 08:29:35 +0000

SBI Q2 FY2026-27 net profit rises 14.28% to ₹23,038 crore, with strong loan growth, improved asset quality and a 16.09% capital adequacy ratio.

The post State Bank of India Reports 14.28% Increase in Q2FY27 Net Profit appeared first on TaxGuru.

Income Tax | Section 271(1)(c) Penalty of Rs.10.36 Lakh Deleted for Vague Notice: ITAT Chennai

CA Sandeep Kanoi — Tue, 03 Nov 2026 08:19:25 +0000

The post Section 271(1)(c) Penalty of Rs.10.36 Lakh Deleted for Vague Notice: ITAT Chennai appeared first on TaxGuru.

Company Law | NCLAT Delhi Upholds CoC Commercial Wisdom in SREI Insolvency Resolution

CA Sandeep Kanoi — Tue, 03 Nov 2026 08:18:47 +0000

The post NCLAT Delhi Upholds CoC Commercial Wisdom in SREI Insolvency Resolution appeared first on TaxGuru.

Business | Royal Enfield unveils new models at EICMA 2026, marking 125th anniversary

TG Team — Tue, 03 Nov 2026 08:15:09 +0000

Royal Enfield unveils Himalayan 750, Continental GT 750, Flying Flea S6 electric motorcycle and limited-edition models at EICMA 2026 in Milan.

The post Royal Enfield unveils new models at EICMA 2026, marking 125th anniversary appeared first on TaxGuru.

Income Tax | Reassessment Notice Quashed as PCIT Sanction Invalid Under Section 151(ii): Bombay HC

CA Sandeep Kanoi — Tue, 03 Nov 2026 08:14:01 +0000

The post Reassessment Notice Quashed as PCIT Sanction Invalid Under Section 151(ii): Bombay HC appeared first on TaxGuru.

Goods and Services Tax | DRC-01 and DRC-07 Dates Do Not Control Section 74 Limitation: Delhi High Court

Abhishek Raja Ram — Tue, 03 Nov 2026 07:52:54 +0000

Delhi HC rules Section 74 limitation depends on substantive GST notices and orders, not later DRC-01 or DRC-07 dates. Analysis and practice tips.

The post DRC-01 and DRC-07 Dates Do Not Control Section 74 Limitation: Delhi High Court appeared first on TaxGuru.

Corporate Law | LTCG Tax Exemption for FIIs Should Also Benefit Domestic and Retail Investors

santosh kumar periwal — Tue, 03 Nov 2026 07:49:31 +0000

Why LTCG tax relief for FIIs should extend to domestic investors, with STCG rebates, IPO incentives and employment tax deductions.

The post LTCG Tax Exemption for FIIs Should Also Benefit Domestic and Retail Investors appeared first on TaxGuru.