Reversal of Bad Debt Provision and Overdue NPA Interest Held Non-Taxable, Rule 6ABA Remanded for Re-examination Issue Whether the release/reversal of an NPA provision transferred to the Profit & Loss account can be taxed under Section 41(1) as a remission or cessation of trading liability. Whether deduction under Section 36(1)(viia) read with Rule 6ABA is… Read More »
Enhanced Compensation and Section 28 Interest on Compulsorily Acquired Rural Agricultural Land Held Non-Taxable Issue Whether enhanced compensation received on the compulsory acquisition of rural agricultural land situated beyond eight kilometers from municipal limits is taxable as capital gains under Section 45(5) read with Section 2(14)(iii). Whether interest awarded under Section 28 of the Land… Read More »
Publishing control and Management of Vessels Ballast Water and Sediments Rules 2026 under Merchant Shipping Act 2025 The Gazette of India CG-DL-E-13082026-275428 EXTRAORDINARY PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY No. 650] NEW DELHI, FRIDAY, AUGUST 7, 2026/SHRAVAN 16, 1948 MINISTRY OF PORTS, SHIPPING AND WATERWAYS NOTIFICATION New Delhi, the 5th August, 2026 G.S.R.714(E). –… Read More »
Delhi School Education Amendment Rules Delhi School Education Amendment Rules The Gazette of India SG-DL-E-12082026-275407 EXTRAORDINARY PUBLISHED BY AUTHORITY No. 232] DELHI, MONDAY, AUGUST 10, 2026/SHRAVAN 19, 1948 [N. C. T. D. No. 162 DIRECTORATE OF EDUCATION NOTIFICATION Delhi, the 10th August, 2026 F. No. DOE-A2/117/2026-PSB-EDUCATION DIRECTORATE-Part(1)/5414.— The following draft rules further to amend… Read More »
Publishing order reg providing for delegation by the director general of specified power under section Publishing order reg providing for delegation by the director general of specified power under section The Gazette of India CG-DL-E-12082026-275404 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 4287] NEW DELHI, WEDNESDAY, AUGUST 12, 2026/SHRAVAN 21, 1948 MINISTRY OF… Read More »
The Companies Indian Accounting Standards Amendment Rules 2026 The Companies Indian Accounting Standards Amendment Rules 2026 The Gazette of India CG-DL-E-12082026-275402 EXTRAORDINARY PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY No. 661] NEW DELHI, WEDNESDAY, AUGUST 12, 2026/SHRAVAN 21, 1948 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 12th August, 2026 G.S.R. 725(E).— In exercise of… Read More »