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

Inherent cross-empowerment of State/UT GST officers u/s 6(1) CGST Act.
January 17, 2025   Case Laws     GST

Procedural lapses without fraud don't warrant harsh GST penalties: HC.
January 17, 2025   Case Laws     GST

Importer's classification of electric tricycle parts upheld, duty benefits granted.
January 17, 2025   Case Laws     Customs

NCLAT Allows Unwinding IFIN Loans, Except for Respondents 8-12; Claims Restored in Attivo Economic Zone CIRP.
January 17, 2025   Case Laws     IBC

Revised RBI norms allow foreign inward remittances for equity, FPI, LLP, FVCI investments.
January 17, 2025   Notifications     FEMA

RBI eases fund transfers between repatriable rupee accounts, allows SNRR accounts.
January 17, 2025   Notifications     FEMA

Customs tariff values revised for edible oils, metals, areca nuts w.e.f. 16/01/2025.
January 17, 2025   Notifications     Customs

New Sea Cargo Manifest Rules deferred till 31-3-2025 for most ports.
January 17, 2025   Notifications     Customs

Virochannagar, Ahmedabad Designated as Inland Container Depot for Imports/Exports.
January 17, 2025   Notifications     Customs

High Court upholds 20% deposit of fine for appeal u/s 148 Negotiable Instruments Act.
January 17, 2025   Case Laws     Indian Laws

Delay in filing land acquisition appeals beyond 120 days cannot be condoned.
January 17, 2025   Case Laws     Indian Laws

Excise demand for clandestine removal set aside due to lack of evidence.
January 17, 2025   Case Laws     Central Excise

Income from construction services can't be service taxed based only on director's statement.
January 17, 2025   Case Laws     Service Tax

Petitioner ineligible for SVLDRS 2019 benefits due to non-payment within stipulated period; subsequent recoveries treated as arrears under Finance Act.
January 17, 2025   Case Laws     Service Tax

NCLAT dismisses operational creditor's insolvency petition on multiple grounds.
January 17, 2025   Case Laws     IBC

NCLAT upholds CMA's categorization of rental claims as "under adjudication.
January 17, 2025   Case Laws     Companies Law

Incorrect classification of imported cables and accessories due to lack of evidence.
January 17, 2025   Case Laws     Customs

Customs broker's license revocation, penalty set aside for notice delay, lack of evidence.
January 17, 2025   Case Laws     Customs

CBIC appeal dismissed: MIMO Wireless Access Points exempt under Custom Tariff Item 8517(iv.
January 17, 2025   Case Laws     Customs

Baggage Rules: Unclear jewellery import rules challenged in High Court.
January 17, 2025   Case Laws     Customs

Ownership of property upheld, Benami transactions allegations dismissed.
January 17, 2025   Case Laws     Benami Property

Partial payments don't prove benami property transactions.
January 17, 2025   Case Laws     Benami Property

Cash deposits explained, reopening u/s 147 invalid: ITAT.
January 17, 2025   Case Laws     Income Tax

ITAT rules on offshore sale, foreign receipts for assessee.
January 17, 2025   Case Laws     Income Tax

Deduction u/s 80IA allowed for infrastructure development activities.
January 17, 2025   Case Laws     Income Tax

More Highlights

Articles Articles, Tax Laws, GST

Short Notes Short Notes

Confiscation under CGST Act: Invoking Section 130 CGST Act
Dishonour of Cheques and the Burden of Proof: Rebutting the Presumption u/s 139 of the Negotiable Instruments Act
Condoning Delay in Filing Income Tax Return: A Case for Equitable Consideration
Pre-deposit: Upholding Principles of Natural Justice in CGST Appeals
Dismissal of GST Appeal on Procedural Grounds Quashed: Where the appeal was not signed by the Authorized Person
Quashing Show-Cause Notice Due to Unexplained Delay: Upholding Fair Adjudication
Disallowance u/s 14A: Navigating the Interplay of Exempt Income and Expenditure
Reasonableness Test for Attaching Non-Proceeds of Crime: Limits on Attaching Pre-existing Property under PMLA
Taxation of International Consulting Services: Navigating the Complexities
Customs Seizure and the Doctrine of "Reasons to Believe": Clarity or Ambiguity
Examining the Eligibility of Credit Co-operative Societies for Deduction on Interest from Co-operative Bank Deposits
Upholding Arbitral Autonomy: Supreme Court Clarifies Scope of Judicial Interference u/s 11
Draft Assessment Order Regime: Navigating the Multi-tiered Assessment Process and Distinct Nature of Section 144C Assessments
Judicial Scrutiny of Section 14A Amendment: Retrospective or Prospective Effect?
Tax on Royalties: Navigating the Interplay between Domestic Tax Laws and Double Taxation Avoidance Agreements
Iron Ore Exports and Refund: Assessing 'Fe' Content on WMT Basis for Duty Calculation
Ensuring Procedural Fairness: The Importance of Proper Service of SCN in Tax Assessments
Decoding the Interplay of Customs Duty, Interest, and Confiscation Proceedings
Validity of Assessment u/s 153C: Reckoning the Limitation Period
Interpreting 'Initiation' of Penalty Action u/s 275(1)(c): Period of Limitation
Faceless Assessment: Decoding the Exemptions for International Tax Charges
Interpreting Rule 86A: Safeguarding Taxpayers' Rights in ITC Blocking
Writ Jurisdiction Not a Shortcut to Bypass Tax Adjudication Process, Rules Court: Judicial Discipline to be followed
Decoding the Interplay of Sections 153A and 153C in Search Assessments: Limitation and Reassessment Dynamics
Customs Valuation and Classification: Upholding Due Process and Objective Assessment

More Notes

Notifications Notifications

Cus (NT)

- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
January 15, 2025

Cus (NT)

- Sea Cargo Manifest and Transshipment (First Amendment) Regulations, 2025 - Applicability of new Regulation further deferred for Ports (Other than certain specified ports) till 31-3-2025
January 15, 2025

FEMA

- Foreign Exchange Management (Deposit) (Fifth Amendment) Regulations, 2025
January 14, 2025

FEMA

- Foreign Exchange Management (Mode of Payment and Reporting of Non- Debt Instruments) (Third Amendment) Regulations, 2025
January 14, 2025

FEMA

- Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Fifth Amendment) Regulations, 2025
January 14, 2025

IT

- Central Government approves Central Power Research Institute (CPRI) Bengaluru under the category of ‘Research Association’ for ‘Scientific Research’ for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961
January 14, 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
January 14, 2025

FTP

- Notification of Schedule-II (Export Policy) of ITC(HS) 2022, in sync with Finance Act 2024 dated 16.08.2024
January 13, 2025

CGST

- Seeks to extend the due date for furnishing FORM GSTR-8 for the month of December, 2024
January 10, 2025

CGST

- Seeks to extend the due date for furnishing FORM GSTR-7 for the month of December, 2024
January 10, 2025

CGST

- Seeks to extend the due date for furnishing FORM GSTR-6 for the month of December, 2024
January 10, 2025

CGST

- Seeks to extend the due date for furnishing FORM GSTR-5 for the month of December, 2024
January 10, 2025

CGST

- Seeks to extend the due date for furnishing FORM GSTR-3B for the month of December, 2024 and the quarter of October to December, 2024
January 10, 2025

CGST

- Seeks to extend the due date for furnishing FORM GSTR-1 for the month of December, 2024 and the quarter of October to December, 2024
January 10, 2025

SEBI

- Renewal of recognition to the AMC Repo Clearing Limited
January 9, 2025

More Notifications

Circulars/ Public Notices Circulars/ Public Notices

DGFT

- Addition of new laboratory in Para 4.73 of the Handbook of Procedures, 2023
January 15, 2025

DGFT

- Standard Operating Procedure/ Guidelines for Voluntary Disclosure of Non Compliance/ Violations related to Export of SCOMET Items and SCOMET Regulations.
January 15, 2025

GST

- GUIDELINES FOR ARREST AND BAIL IN RELATION TO OFFENCES PUNISHABLE UNDER THE CGST ACT, 2017
January 13, 2025

SEBI

- Procedure for seeking waiver or reduction of interest in respect of recovery proceedings initiated for failure to pay penalty.
January 10, 2025

SEBI

- Revise and Revamp Nomination Facilities in the Indian Securities Market
January 10, 2025

IBC

- Mandatory Use of eBKray Auction Platform for Liquidation Processes
January 10, 2025

IBC

- Extension of time for filing Forms to monitor liquidation and voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016, and the regulations made thereunder.
January 9, 2025

SEBI

- Guidelines for Research Analysts
January 8, 2025

SEBI

- Guidelines for Investment Advisers
January 8, 2025

SEBI

- Measures for Ease of Doing Business for Credit Rating Agencies (CRAs) –Timelines
January 7, 2025

SEBI

- Measure for ease of doing business - Settlement of Account of Clients who have not traded in the last 30 days
January 6, 2025

DGFT

- Procedure for export of certified organic products
January 5, 2025

DGFT

- Amendment in Para 6.06 of HBP, 2023
January 3, 2025

Customs

- Roll out of Automated Out of Charge for AEO T2 and T3 Clients - Reg.
January 2, 2025

DGFT

- Amendment by incorporation of Para 1.04 (k) in Chapter 1 of the Handbook of Procedures 2023 to specify the procedure for furnishing views, suggestions, comments, or feedback from relevant stakeholders including importers/exporters/industry experts concerning the formulation, amendment or incorporation of specific provision(s) in the Foreign Trade Policy.
January 2, 2025

More Circulars

News News, PIB

Shri Piyush Goyal launches PRABHAAV Factbook, Bharat Startup Challenge on 9th Foundation Day of Startup India
January 17, 2025


Rajasthan CM meets employee unions ahead of budget session
January 16, 2025


Will incorporate suggestions from all sections to prepare a good budget: J’khand Finance minister
January 16, 2025


Global economic conditions to weaken in 2025, India's strong growth continues: WEF
January 16, 2025


SC criticises ED over bail conditions for women in money laundering cases
January 16, 2025


Arunachal Pradesh cabinet nod to SGST relief for two hydropower projects
January 16, 2025


Nine Years of Startup India
January 16, 2025


India is the first responder for Global South in times of need: Shri Piyush Goyal
January 16, 2025


Secretary, DFS Shri M. Nagaraju Chairs review meeting on progress of Schemes of Financial Inclusion with Public Sector Banks (PSBs) and Private Banks
January 16, 2025


Sule wants ED probe in Karad's bank accounts; his flat near Pune city gets property tax notice
January 15, 2025


The cumulative exports (merchandise & services) during April-December 2024 is estimated at USD 602.64 Billion, as compared to USD 568.36 Billion in April-December 2023, an estimated growth of 6.03%.
January 15, 2025


DPIIT enters into strategic partnership with ITC to bolster India’s startup ecosystem and innovation
January 15, 2025


Encubay Amplifies the Dialogue on Women and Wealth at Davos, During World Economic Forum, 2025
January 15, 2025


PMLA court grants bail to former WB minister Jyoti Priya Mallick in ration distribution case
January 15, 2025


10 foundational principles of governance have been the pillar of this decade of unprecedented transformation: Union Minister Shri Piyush Goyal, in Chennai
January 15, 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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