IRDAI has notified the Insurance Regulatory and Development Authority of India (Regulatory Sandbox) Regulations, 2025 The objective of IRDAI (Regulatory Sandbox) Regulations 2025 is to create a Regulatory Sandbox to facilitate innovation in the insurance sector while ensuring orderly development of the insurance sector and protection of interests …
Assessee not expected to prove the negative that he has not availed fictitious loan – ITAT In a recent judgment, Chennai ITAT quashed revisionary proceedings u/s 263 holding that assessee cannot be expected to prove the negative that he has not availed fictitious loan in the absence of …
RBI has not instructed banks to require CA certificate on unaudited Financial Statements or certify identity and address of a loanee. Reserve Bank of India, reply to an application filed by CA Pranav Pramod Ashtikar under Right to information Act (RTI) 2005, has clarified about banks/financial institutions requiring …
In UP schools are exempted from house tax but not from water tax & sewerage tax – Allahabad High Court In a recent judgment, Allahabad High Court has held that In Uttar Pradesh schools are exempted from house tax but no such exemption is available for levy of …
Enabling filing of Application for special procedure for rectification of order as per Notification No. 22/2024-CT, dt. 08/10/24, 2024 GSTN Enables filing of Application for special procedure for rectification of order to be followed by the class of registered persons against whom any order under section 73 or …
One can’t keep possession of End-of-Life vehicle beyond 180 days w.e.f. 01.04.2025 The Ministry of Environment, Forest and Climate Change (Central Government) has notified the Environment Protection (End-of-Life Vehicles) Rules, 2025. They shall come into force from 1st day of April, 2025. The Rules apply all types of …
