Automatic Vacation of Seat vs. Procedural Validity of Meetings under CA Regulations

By | May 7, 2026

Automatic Vacation of Seat vs. Procedural Validity of Meetings under CA Regulations Facts The Petitioner: An elected member of the Northern India Regional Council (NIRC) of the ICAI. The Dispute: The Petitioner received an email on 06-11-2025 stating that his seat was “deemed vacated” under Regulation 135(3) because he had absented himself from three consecutive… Read More »

Scope of Enquiry and Jurisdictional Validity in Renewal of Trust Registration

By | May 7, 2026

Scope of Enquiry and Jurisdictional Validity in Renewal of Trust Registration Facts Background: The Assessee is an educational society originally registered under Section 12AA. Following a search on the group, its registration was cancelled, but the Tribunal later set aside that cancellation. New Scheme Compliance: Under the revamped registration regime, the Assessee obtained provisional/regular registration… Read More »

Revenue Recognition, Real Income, and Admissibility of Business Expenses (Multiple Disputations)

By | May 7, 2026

Revenue Recognition, Real Income, and Admissibility of Business Expenses (Multiple Disputations) Facts The case pertains to Assessment Year 2013-14, involving a construction company and multiple grounds of litigation regarding income characterization and expense allowability. The primary disputes included: Advance Recognition: The Department treated customer advances for land and chalet sales as income because sales weren’t… Read More »

Bank of India Insurance

By | May 7, 2026

Bank of India Insurance Bank of India Insurance The Bank of India (BOI), in partnership with National Insurance Company Ltd., offers two primary health insurance products for individuals and families. The documentation you mentioned—the Proposal Form and the Prospectus—are the two most important documents for starting and understanding your coverage. 1. National Parivar Mediclaim Policy… Read More »

BOI DIGITAL TRANSACTION & FOREX FORMS

By | May 7, 2026

BOI DIGITAL TRANSACTION & FOREX FORMS BOI DIGITAL TRANSACTION & FOREX FORMS These Bank of India (BOI) forms are used for high-value domestic transfers, digital banking access, and foreign exchange (Forex) compliance under the Foreign Exchange Management Act (FEMA). 1. RTGS/NEFT Remittance Application Format This is the standard “Star Insta Remit” form used for transferring… Read More »

BOI CERTIFICATE FORMAT & TAX

By | May 7, 2026

BOI CERTIFICATE FORMAT & TAX BOI CERTIFICATE FORMAT & TAX For Bank of India (BOI) customers and corporate clients, these forms are essential for tax planning, pension maintenance, and credit management. Following the latest regulatory updates in early 2026, here is the breakdown of the certificates and tax forms you mentioned: 1. Corporate Limit Enhancement… Read More »

Important GST Case Laws 01.05.2026

By | May 7, 2026

Important GST Case Laws 01.05.2026 Relevant Act Section Case Law Title Citation Brief Summary CGST Act, 2017 Sec 9 State of Chhattisgarh v. D.A. Enterprises Click Here Pre-GST Bids: Contractor’s claim for post-GST reimbursement denied where the agreement fixed the tax burden on them; dispute relegated to arbitration. IGST Act, 2017 Sec 16 V Ships… Read More »

Classification of E-Bike Leasing: Right to Use vs. General Financial Services

By | May 7, 2026

Classification of E-Bike Leasing: Right to Use vs. General Financial Services Facts The Business: The applicant is engaged in the supply of electric vehicles (e-bikes) on a long-term lease basis without an operator. The Agreement: The transaction is governed by a vehicle lease agreement where the possession and control of the e-bikes are handed over… Read More »