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Highlights Highlights, Income Tax, GST, Import Eport and Corporate Laws

Customs Commissioner Empowered to Resolve 700 Pending Appeals Across Multiple Zones from November 2022 to June 2023
June 3, 2025   Notifications     Customs

Third Amendment to Sea Cargo Manifest Regulations Updates Transshipment Compliance Requirements for Cargo Documentation and Procedural Standards
June 3, 2025   Notifications     Customs

SEBI Mandates Comprehensive Disclosure and Transparency Rules for Investment Advisers to Protect Investor Interests
June 3, 2025   Circulars     SEBI

CBIC Removes Export Restrictions on Leather, Simplifies Trade Procedures for Finished and Wet Blue Leather Shipments
June 3, 2025   Circulars     Customs

Procedural Lapses and Delay Scrutinized: Writ Petition Dismissed Despite Potential Merits of Underlying Claim
June 3, 2025   Case Laws     GST

Temple Property Rent Dispute: 15% Retrospective Enhancement from July 2016 with Progressive Monthly Rent Calculation
June 3, 2025   Case Laws     Income Tax

Electricity Supply Charges Differentiated: Capital Infrastructure Costs Separate from Energy Consumption Revenue Receipts
June 3, 2025   Case Laws     Income Tax

Tax Dispute Resolved: Circular Trading Allegations Dismissed Due to Lack of Substantive Evidence Against Business Expenses
June 3, 2025   Case Laws     Income Tax

Transfer Pricing Ruling: Foreign Exchange Gains Recognized as Operating Income, Comparables Refined for Accurate Profit Assessment
June 3, 2025   Case Laws     Income Tax

Tax Interest Under Section 234B Invalidated Due to Judicial Precedent Challenging Original Assessment Grounds
June 3, 2025   Case Laws     Income Tax

Brand Promotion Expenses: Partial Deduction Upheld, Tribunal Allows 25% Claim Under Indirect Benefit Principle
June 3, 2025   Case Laws     Income Tax

Transfer Pricing Dispute Resolved: TNMM Verification Ordered and Corporate Guarantee Fee Adjustments Examined for Assessment Years
June 3, 2025   Case Laws     Income Tax

Tax Dispute Resolved: Limited Scrutiny Assessment Limits AO's Power to Examine Beyond Original Notice Scope
June 3, 2025   Case Laws     Income Tax

Job Work Conversion Charges Not Taxable as Rental Service, Manufacturing Activity Exempted from Service Tax Levy
June 3, 2025   Case Laws     Service Tax

Appeal Dismissed: Failure to Pre-Deposit Rs. 25 Lakhs Within 30 Days Renders Challenge Non-Maintainable Under Section 52
June 3, 2025   Case Laws     FEMA

Secondment Charges Not Taxable as FIS: Reimbursement Costs Exempt Under India-USA DTAA Article 12
June 3, 2025   Case Laws     Income Tax

Gold Investment Dispute: Partial Win as Tribunal Reduces Unexplained Asset Addition Under Section 69
June 3, 2025   Case Laws     Income Tax

Legal Challenge Resolved: Customs Duty Drawback Appeal Permitted Under Section 128 Without Specific Time Limitation
June 3, 2025   Case Laws     Customs

Company Wins Challenge Against Tax Order Due to Procedural Defects and Lack of Substantive Reasoning in Decision-Making Process
June 3, 2025   Case Laws     GST

GST Registration Cancellation Upheld, Petitioner Granted Appeal Opportunity with Conditional Reactivation by Pre-Deposit
June 3, 2025   Case Laws     GST

Tax Refund Claim Upheld: No Valid Grounds for Rejection, Discrepancies Cannot Invalidate Return, Petitioner's Right Preserved
June 3, 2025   Case Laws     Income Tax

Tribunal Orders Fresh Assessment of Share Valuation, Highlighting Procedural Gaps in Tax Determination Under Section 56(2)(vii)(c)
June 3, 2025   Case Laws     Income Tax

Tax Deduction Dispute Resolved: Section 80IA Allowed, Gross Total Income Calculation Mandated for Fair Assessment
June 3, 2025   Case Laws     Income Tax

Cash Deposits During Demonetization Validated as Legitimate Sales, No Undisclosed Income Found Under Section 69A
June 3, 2025   Case Laws     Income Tax

Invalid Revision Order Overturned: Section 263 Challenge Succeeds as Tribunal Finds No Substantive Evidence of Bogus Purchases
June 3, 2025   Case Laws     Income Tax

More Highlights

Articles Articles, Tax Laws, GST

Short Notes Short Notes

Legal Implications of Faceless Schemes in Income Tax : Clause 260 of the Income Tax Bill, 2025 vs. Section 135A of the Income-tax Act, 1961
Continuity and Change in the Powers of Tax Authorities to Make Enquiries : Clause 256 of the Income Tax Bill, 2025 and Comparative Analysis with Section 135 of the Income-tax Act, 1961
Inspection Powers of Tax Authorities over Company Registers : Clause 255 of Income Tax Bill, 2025 and Section 134 of Income-tax Act, 1961
The Transformation of Information-Gathering Powers : Clause 259 of the Income Tax Bill, 2025 Vs. Section 133C of the Income-tax Act, 1961
Statutory Powers to Collect Information in Tax Administration : Clause 254 of the Income Tax Bill, 2025 Vs. Section 133B of the Income Tax Act, 1961
Transformation of Income-tax Survey Provisions in India : Clause 253 of the Income Tax Bill, 2025 Vs. Section 133A of the Income-tax Act, 1961
Powers to Call for Information under the Income Tax Law : Clause 252 of the Income Tax Bill, 2025 Vs. Section 133 of the Income-tax Act, 1961
Balancing Revenue Recovery and Taxpayer Rights : Clause 250 of the Income Tax Bill, 2025 Vs. Section 132B of the Income-tax Act, 1961
Balancing Tax Enforcement and Procedural Fairness in the Search and Seizure : Clause 249 of the Income Tax Bill, 2025 Vs. Explanation to sub-section (1) of section 132A of the Income Tax Act, 1961
Evolution and Implications of Requisition Powers in Indian Income Tax Law : Clause 248 of the Income Tax Bill, 2025, Vs. Section 132A of the Income-tax Act, 1961
Procedural Safeguards and Retention of Seized Materials during search and seizure operations : Clause 251 of the Income Tax Bill, 2025 Vs. Section 132(8), (9), (9A), and (10) of the Income Tax Act, 1961
Non-Disclosure of Reasons in Income Tax Search and Seizure : Clause 249 of the Income Tax Bill, 2025 Vs. explanations to sub-sections (1) and (1A) of section 132 of the Income-tax Act, 1961
Evolution of Tax Enforcement : Clause 247 of Income Tax Bill, 2025 Vs. Section 132, Income-tax Act, 1961
Quasi-Judicial Powers of Income-tax Authorities : Clause 246 of the Income Tax Bill, 2025 Vs. Section 131 of the Income-tax Act, 1961
Transformation of Tax Jurisdiction : Clause 245 of the Income Tax Bill, 2025, and Section 130 of the Income-tax Act, 1961
Legal Safeguards and Procedural Continuity under Indian Income Tax Law : Clause 244 of Income Tax Bill, 2025 Vs. Section 129 of Income Tax Act, 1961
Modernizing the Statutory Framework for Jurisdictional Transfers and Natural Justice : Clause 243 of Income Tax Bill, 2025 Vs. Section 127 of the Income Tax Act, 1961
Legal and Administrative Framework Determining the Jurisdiction of Assessing Officers : Clause 242 of the Income Tax Bill, 2025 Vs. Section 124 of the Income-tax Act, 1961
Jurisdictional Architecture under the income tax : Clause 241 of the Income Tax Bill, 2025 Vs. Section 120 of the Income-tax Act, 1961
Statutory Foundations of the Taxpayer's Charter : Clause 240 of the Income Tax Bill, 2025 Vs. Section 119A of the Income-tax Act, 1961
Power to issue instruction for the purpose of the proper administration of this Act : Clause 239 of Income Tax Bill, 2025 Vs. Section 119 of Income Tax Act, 1961
Administrative Hierarchy under the Income Tax Law : Clause 238 of Income Tax Bill, 2025 Vs. Section 118 of Income Tax Act, 1961
Statutory Framework for Appointment of Income-tax Authorities : Clause 237 of Income Tax Bill, 2025 Vs. Section 117 of the Income-tax Act, 1961
Hierarchy of Income-tax Authorities in India : Clause 236 of the Income Tax Bill, 2025 Vs. Section 116 of the Income-tax Act, 1961
Exclusion from the Indian Tonnage Tax Regime : Clause 234(4)-(7) of the Income Tax Bill, 2025 Vs. Section 115VZC of the Income-tax Act, 1961

More Notes

Notifications Notifications

Cus (NT)

- Sea Cargo Manifest and Transshipment (Third Amendment) Regulations, 2025
May 31, 2025

FTP

- Extension in Import Period for Yellow Peas under ITC (HS) Code 07131010 of Chapter 07 of ITC (HS) 2022, Schedule -I (Import Policy)
May 31, 2025

Co. Law

- Companies (Registration Offices and Fees) Amendment Rules, 2025
May 30, 2025

IT

- Corrigendum - Notification No. 44/2025, dated 06th May, 2025
May 30, 2025

IT

- Zero Coupon Bond - Specified bond notified u/s 2(48) of the Income-tax Act, 1961
May 30, 2025

Cus (NT)

- Assignment of 700 cases of pending Appeals to the Commissioner of Customs (Appeals), Mumbai Zone-I by the CBIC
May 30, 2025

Cus (NT)

- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
May 30, 2025

Cus

- Seeks to extend the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.03.2026; and reduce the basic custom duty on crude soya bean oil (HS Code 15071000), crude sunflower oil (HS Code 15121110), and crude palm oil (HS Code 15111000) from 20% to 10%
May 30, 2025

IT

- Corrigendum - Notification No. 42/2025 dated 01st May, 2025
May 29, 2025

IT

- Corrigendum - Notification No. 41/2025 dated 30th April, 2025
May 29, 2025

IBC

- Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2025
May 26, 2025

FCRA

- Foreign Contribution (Regulation) Amendment Rules, 2025
May 26, 2025

Cus (NT)

- Amendment in Notification No. 12/97-Customs (N.T.) dated the 2nd April, 1997 - Inland Container Depots for loading and unloading of goods
May 26, 2025

FTP

- Removal of Port Restrictions and Testing Requirements for Export of Finished Leather, Wet Blue Leather, El Tanned Leather and Crust Leather
May 26, 2025

FTP

- Amendment in Import Policy Condition of Cabinet Hinges covered under Chapter 83 of ITC (HS), 2022, Schedule-I (Import Policy)
May 26, 2025

More Notifications

Circulars/ Public Notices Circulars/ Public Notices

SEBI

- Margin obligations to be given by way of Pledge/Re-pledge in the Depository System
June 3, 2025

SEBI

- Investor Charter for Research Analysts
June 2, 2025

SEBI

- Investor Charter for Investment Advisers
June 2, 2025

Customs

- Removal of Port Restrictions and Testing Requirements for Export of Finished Leather, Wet Blue Leather, El Tanned Leather and Crust Leather
June 2, 2025

DGFT

- Enlistment under Appendix 2E of FTP, 2023 -Agency Authorized to issue Certificate of Origin (Non - Preferential)
May 30, 2025

SEBI

- Measures for Enhancing Trading Convenience and Strengthening Risk Monitoring in Equity Derivatives
May 29, 2025

Income Tax

- Extension of the due date for filing of Income Tax Returns for non-audited cases for the Assessment Year 2025-26
May 27, 2025

SEBI

- Final Settlement Day (Expiry Day) for Equity Derivatives Contracts
May 26, 2025

SEBI

- Process for appointment, re-appointment, termination or acceptance of resignation of specific Key Management Personnel (KMPs) of a Market Infrastructure Institution (MII)
May 26, 2025

IBC

- Launch of Revised Forms for Corporate Insolvency Resolution Process (CIRP).
May 26, 2025

SEBI

- Accessibility and Inclusiveness of Digital KYC to Persons with Disabilities
May 23, 2025

FEMA

- Reporting on FIRMS portal Issuance of Partly Paid Units by Investment Vehicles
May 23, 2025

Customs

- Disposal of Red Sanders seized by DRI and Customs field formations
May 22, 2025

SEBI

- Norms for Internal Audit Mechanism and composition of the Audit Committee of Market Infrastructure Institutions
May 19, 2025

Customs

- Port restriction on import of certain goods from Bangladesh to India Insertion of a new Para 19 under General Notes Regarding Import Policy under ITC (HS), 2022 Schedule 1 (Import Policy)
May 17, 2025

More Circulars

News News, PIB

IICA to Establish First Regional Campus in Northeast, Advancing Corporate Governance and Development
June 3, 2025


Inflation slides to 1.9% in Europe, as worries shift from prices to Trump, tariffs
June 3, 2025


Virgin Atlantic, TCS ink 7-year partnership to modernise airline's core system with AI-led solutions
June 3, 2025


GST inspector held in Haryana's Palwal while accepting bribe: Anti-Corruption Bureau
June 3, 2025


EU readying 'countermeasures' if tariff deal with US crumbles
June 2, 2025


DRI seizes 7 kg Methamphetamine tablets worth Rs. 7 crore in Tripura; two persons arrested
June 2, 2025


Relief for households as edible oil prices set to dip after import duty cut
June 2, 2025


SeQuent Viyash Merger Receives Stock Exchange Approvals; NCLT Filing Underway
June 2, 2025


CBI arrests two accused including a Senior Indian Revenue Service Officer 2007 batch, presently posted as Additional Director General, Directorate of Taxpayer Services, New Delhi, and a private person for demanding and accepting a bribe of Rs 25 lakh from the complainant
June 2, 2025


Gross and Net GST revenue collections for the month of May, 2025
June 2, 2025


Tata s Gopalpur SEZ joins World Economic Forum for clean energy revolution
June 2, 2025


Trump s proposed 50pc tariff hike May hit USD 5 billion engineering exports: EEPC India
June 2, 2025


China hits backs at US, says Washington seriously undermined tariff truce
June 2, 2025


Good news very soon on India-Oman trade agreement: Goyal
June 2, 2025


Union Commerce and Industry Minister Shri Piyush Goyal commences three-day official visit to France;to visit Italy next
June 2, 2025


More News

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Jiva Seva is Shiva Seva:
Service to humanity is Service to God

May I be born again and again, and suffer thousands of miseries so that I may worship the only God that exists, the only God I believe in, the sum total of all souls—and above all, my God the wicked, my God the miserable, my God the poor of all races, of all species, is the special object of my worship.

- Swami Vivekananda, CW, 5:137

 

 

 

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