CBDT sets deadline of PAN and Aadhaar linking to 31.12.2025 in cases where PAN were allotted on the basis of Enrolment ID of Aadhaar application form filed prior to the 1st day of October, 2024. CBDT has issued two Notifications for linking of PAN to Aadhaar where Permanent …

Application for setting aside arbitral award u/s 34 of the Arbitration and Conciliation Act, 1996 filed on the next working day of the court, was within limitation period – Supreme Court In a recent judgment, Hon’ble Supreme Court has held that the application for setting aside arbitral award …

No Penalty can be imposed u/s 270A by AO on the basis of difference in fair market value determined by the DVO on estimation basis with the sale deed price. In a recent judgment, ITAT Chennai has deleted Penalty under section 270A imposed by AO on the basis …

Under Arbitration Act 1940, clauses in contract merely barring contractor from claiming interest is no bar on arbitrator to grant Pendente lite interest. In a recent judgment, the Hon’ble Supreme Court had upheld grant of Pendente lite interest by the Arbitrator holding that under the provisions of the 1940 …

RBI has issued a master direction on payment of interest and levy of penalty on various deposits held in banks  Master Direction – Reserve Bank of India (Interest Rate on Deposits) Directions, 2025  The said Directions provide a framework for banks to follow while formulating their policies on …

Order of Settlement Commission is conclusive and final in respect of the relevant assessment year and AO have no jurisdiction to reopen the assessment under section 147. In a recent judgment, Hon’ble Supreme Court has quashed the Special Leave Petition (SLP) against the judgment of the Hon’ble Gujarat …