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

Lubricant traders' input tax credit claim rejected after open remand.
January 16, 2025   Case Laws     VAT / Sales Tax

Services for electricity transmission infrastructure exempt, hire charges rightly excluded, parking construction demand sustained.
January 16, 2025   Case Laws     Service Tax

Assessee eligible for VCES despite tax payment before scheme launch.
January 16, 2025   Case Laws     Service Tax

Foreign currency dealings penalized under FERA sections 8(1), 8(2).
January 16, 2025   Case Laws     FEMA

Procedural lapse without revenue loss or malafide warrants lower penalty.
January 16, 2025   Case Laws     Customs

Imported aluminium formwork materials classified under CTH 76109090, not CTH 84806000.
January 16, 2025   Case Laws     Customs

HC quashes anti-profiteering orders, mandates equal GST benefit for real estate buyers.
January 16, 2025   Case Laws     GST

Corporate debtor's counter claim held non-maintainable, claims not in resolution plan extinguished.
January 16, 2025   Case Laws     IBC

Cenvat credit allowed for duty payment on EOU debonded goods.
January 16, 2025   Case Laws     Central Excise

HC exercises inherent powers to compound offence under NI Act Section 138 based on parties' compromise.
January 16, 2025   Case Laws     Indian Laws

Impugned order reversing ITC on double taxation premise set aside; re-examination allowed.
January 16, 2025   Case Laws     GST

Reduced 10% duty allowed on populated PCBs for GPON ONT/OLT manufacturing.
January 16, 2025   Case Laws     Customs

Petitioner's statutory IGST refund entitlement for zero-rated exports upheld despite technical glitch.
January 16, 2025   Case Laws     GST

High Court remands input tax credit case for fresh order u/s 16(5.
January 16, 2025   Case Laws     GST

HC allows transitional credit carry forward but interest payable, quashes penalty.
January 16, 2025   Case Laws     GST

Interest earned by co-op society from district co-op bank deductible u/s 80P(2)(d.
January 16, 2025   Case Laws     Income Tax

Reassessment notice quashed: AO can't reopen mechanically based on third-party info.
January 16, 2025   Case Laws     Income Tax

Penalty under 270A set aside for substantial compliance despite no Form 68.
January 16, 2025   Case Laws     Income Tax

Amalgamated company entitled to TDS, advance tax credits of amalgamating firm.
January 16, 2025   Case Laws     Income Tax

UK company found to have permanent establishment in India; 15% booking fees taxable.
January 16, 2025   Case Laws     Income Tax

Reassessment quashed due to discrepancy between reasons in 148A notices.
January 16, 2025   Case Laws     Income Tax

Interest expenditure allowed as cost for computing LTCG on sale of building.
January 16, 2025   Case Laws     Income Tax

Rights relinquished under compromise treated as transfer of capital asset, capital gains calculated.
January 16, 2025   Case Laws     Income Tax

ITAT upholds deletion of cash addition; assessee merely a commission agent.
January 16, 2025   Case Laws     Income Tax

Minor's interest income disallowance restored to AO for fresh adjudication.
January 16, 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
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
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

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


CCI approves the proposed acquisition of 34% equity shareholding of Ashoka Concessions (ACL) by Ashoka Buildcon (ABL) and certain convertible instruments of ACL by ABL and Viva Highways (Viva); and 26% shareholding of Jaora Nayagaon Toll Road Company (JN) by Viva
January 15, 2025


Free Trade Agreement talks with India have been relaunched: UK
January 14, 2025


After economic meltdown, war with Israel, Lebanon's new prime minister vows to rebuild
January 14, 2025


Advisory for Waiver Scheme under Section 128A
January 14, 2025


Why Spain considering 100 per cent tax on homes bought by non-EU residents?
January 14, 2025


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