The first article examines the law relating to assessment timelines in transfer pricing and eligible assessee cases, which has long been a subject of judicial debate, particularly regarding the interplay between Sections 153 and 144C of the Income-tax Act. The Finance Act, 2026 has sought to resolve this uncertainty through significant legislative amendments. This article examines the statutory framework, judicial interpretations, and the impact of these amendments, providing a practical perspective for tax professionals and other stakeholders.
The second article discusses the Reserve Bank of India’s Scale Based Regulation (SBR) framework and how the 2026 Amendment Directions mark a significant shift in the regulation of Non-Banking Financial Companies (NBFCs). This article examines the newly introduced Unregistered Type I NBFC framework, highlighting its legal framework, eligibility conditions, compliance requirements, and practical implications. It aims to serve as a concise reference for professionals, corporates, and other stakeholders navigating this evolving regulatory landscape.
Lastly, CBDT notifications for the month of April 2026 have been included in this wiki to ensure continual updating with the latest regulatory developments.
