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

E-Commerce Operators Can Keep Input Tax Credits While Paying GST on Sec 9(5) Services Through Cash Ledger.
January 25, 2025   Circulars     GST - States

Chennai Customs Commissioner Launches Month-Long Drive for Exporters to Submit Bank Realization Certificates or Repay Drawback.
January 25, 2025   Circulars     Customs

CBDT Guidelines Clarify Principal Purpose Test Application Under Tax Treaties, Preserving Grandfathering For Cyprus, Mauritius, Singapore Agreements.
January 25, 2025   Circulars     Income Tax

DGFT Extends Minimum Import Price of Rs. 1289/kg for Glufosinate Technical Under HS Code 38089390 Until January 2026.
January 25, 2025   Notifications     DGFT

CBIC Appoints Additional Director Generals as Central Excise Officers to Handle Appeals Under Notification 13/2017-CE(NT.
January 25, 2025   Notifications     Central Excise

Government Waives Excess Late Fees for GSTR-9C Reconciliation Statement Filing u/s 47 Until March 2025.
January 25, 2025   Notifications     GST

Central Government Introduces Rule 16A in CGST Rules for Temporary GST Numbers to Unregistered Taxpayers Making Payments.
January 25, 2025   Notifications     GST

High Court Nullifies Tax Assessment Order Over Natural Justice Violations, Permits Fresh Hearing Under Due Process for ITC Claims.
January 25, 2025   Case Laws     GST

High Court Orders Fresh Review of Input Tax Credit Denial Under GST Section 16, Following M. Trade Links Precedent.
January 25, 2025   Case Laws     GST

Supreme Court Allows Petitioner to Challenge Black Money and FEOA Proceedings Before Designated Authority u/ss 4, 10, 12.
January 25, 2025   Case Laws     Income Tax

Tax Court Waives Section 271B Penalty: Delayed Audit Report Filing Justified Due to Raids, Seizures, and Genuine Compliance Efforts.
January 25, 2025   Case Laws     Income Tax

High Court Invalidates Section 270A Penalty Order Due to Department's Failure to Consider Pending Appeal Status.
January 25, 2025   Case Laws     Income Tax

High Court Quashes Inflated Tax Demands Under Direct Tax Vivad Se Vishwas Act Due to Lack of Documentary Evidence.
January 25, 2025   Case Laws     Income Tax

High Court: Property Tax Liability Requires Proof of Actual Ownership Benefits, Not Just Signatures on Conveyance Documents - Section 26.
January 25, 2025   Case Laws     Income Tax

Power Supply Transfer Pricing: ITAT Upholds TPO's Internal Comparable Analysis u/s 92BA Over State Utility Rates.
January 25, 2025   Case Laws     Income Tax

Income Tax Tribunal Directs Fresh Verification of Sikkimese Individual's Exemption Claim u/s 10(26AAA) Following Rule 46A(3).
January 25, 2025   Case Laws     Income Tax

Capital Gains From Pre-2017 Shares Under India-Mauritius DTAA Remain Tax Exempt Despite Post-2017 Losses, Rules ITAT.
January 25, 2025   Case Laws     Income Tax

Tax Audit Report Penalty Upheld: ITAT Confirms Section 271B Penalty for Rs.8.5 Crore Turnover Firm Missing Audit Deadline.
January 25, 2025   Case Laws     Income Tax

Tax Tribunal Allows Weighted Deduction for Domestic R&D Expenses u/s 35(2AB), Separates Foreign Research Cost Treatment.
January 25, 2025   Case Laws     Income Tax

Tax Tribunal Orders Fresh Review of Transfer Pricing Methods and Trade Payables Documentation for AY 2021-22 Expense Allocation.
January 25, 2025   Case Laws     Income Tax

Tax Tribunal Rejects Revenue's Appeal on Unexplained Money, Rules Registered Sale Deed Value Prevails Over Agreement Amounts.
January 25, 2025   Case Laws     Income Tax

Tax Tribunal Upholds DVO's Property Valuation Over Registered Valuer's Report u/s 56(2)(vii) and 50C.
January 25, 2025   Case Laws     Income Tax

Bank Deposits During Demonetization: ITAT Remands Case for Fresh Assessment Following CBDT Guidelines u/s 69, 69A.
January 25, 2025   Case Laws     Income Tax

Tax Tribunal Invalidates Reassessment Based on Uncorroborated Digital Evidence from Third-Party Search in Property Purchase Case.
January 25, 2025   Case Laws     Income Tax

Tax Commissioner's Revision Powers Upheld in Section 263 Case Over Undisclosed Property Sales and Capital Gains.
January 25, 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

FTP

- Amendment in import Policy Condition of Glufosinate Technical covered under HS Code 38089390 of Chapter 38 of Schedule –I (Import Policy) of ITC (HS) 2022
January 24, 2025

CGST

- Central Tax Notification for waiver of the late fee
January 23, 2025

CGST

- Central Goods and Services Tax (Amendment) Rules, 2025
January 23, 2025

CE (NT)

- Re-assignment of central excise and service tax appeals filled on or after 01.07.2017
January 23, 2025

FTP

- Introduction of new Scheme as 'Diamond Imprest Authorisation' under Chapter 4 of Foreign Trade Policy 2023
January 21, 2025

IT

- Income-tax (First Amendment) Rules, 2025
January 21, 2025

FTP

- Amendment in Export Policy condition of Agarwood (Aquilaria Malaccensis) Chips and Powder and Agar Oil obtained from artificially propagated sources
January 20, 2025

FTP

- Extension in "Free" Import Policy of Tur/ Pigeon Peas (Cajanus Cajan) [ITC(HS) 0713 60 00] under ITC (HS) 2022, Schedule - I (Import Policy) till 31.03.2026
January 20, 2025

IT

- U/s 98 (1) of Finance (No.2) Act, 2024 Central Government makes the Order to remove the difficulty - Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVsV)
January 20, 2025

Cus (NT)

- Notification of ICD, Dhirpur, Kurukshetra, Haryana u/s. 7(1)(aa) of the Customs Act 1962" and it was issued under Section 7(1)(aa) of Customs Act, 1962. - Inland Container Depots for loading and unloading of goods
January 17, 2025

CGST Rate

- Seeks to amend Notification No 17/2017-Central Tax (Rate), dated 28th June, 2017 to implement the 55th GST Council's recommendations regarding electronic commerce operators.
January 16, 2025

IGST Rate

- Seeks to amend Notification No 14/2017-Integrated Tax (Rate), dated 28th June, 2017 to implement the 55th GST Council's recommendations regarding electronic commerce operators.
January 16, 2025

UTGST Rate

- Seeks to amend Notification No. 17/2017-Union Territory (Rate), dated 28th June 2017, to implement the 55th GST Council's recommendations regarding electronic commerce operators.
January 16, 2025

CGST Rate

- Seeks to amend Notification No 13/2017-Central Tax (Rate), dated 28th June, 2017 to implement the 55th GST Council's recommendations regarding reverse charge mechanism (RCM)
January 16, 2025

IGST Rate

- Seeks to amend Notification No 10/2017-Integrated Tax (Rate), dated 28th June, 2017 to implement the 55th GST Council's recommendations regarding reverse charge mechanism (RCM).
January 16, 2025

More Notifications

Circulars/ Public Notices Circulars/ Public Notices

DGFT

- EPCG Scheme - Relief in Average EO in terms of the para 5.17(a) of Hand Book of Procedures (HBP) of FTP, 2023.
January 21, 2025

DGFT

- Introduction of new paras in Chapter 4 of Handbook of Procedures, 2023
January 21, 2025

Income Tax

- Guidance for application of the Principal Purpose Test (PPT) under India's Double Taxation Avoidance Agreements
January 21, 2025

SEBI

- Disclosure of Risk adjusted Return - Information Ratio (IR) for Mutual Fund Schemes.
January 17, 2025

SEBI

- Timeline for Review of ESG Rating pursuant to occurrence of ‘Material Events’
January 17, 2025

Customs

- Implementation of the Sea Cargo Manifest and Transhipment Regulations (SCMTR)
January 17, 2025

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

Customs

- Mandatory filing of arrival, departure and local manifests in accordance with SCMTR formats
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

More Circulars

News News, PIB

MRAI's 12th IMRC to Discuss India's Transition Towards Circular Economy, Environmental Sustainability, and Economic Growth
January 25, 2025


Kota pins hope on IT, tourism as incidents of suicide by students dent local economy
January 25, 2025


No. 1 Sridhar Rao Shines at the 55th World Economic Forum in Davos: A Visionary Leader in Technology and Innovation
January 25, 2025


Trump proposes 'getting rid of FEMA' while touring disaster areas
January 25, 2025


Trump proposes 'getting rid of FEMA' while visiting North Carolina
January 25, 2025


Egypt, Eni-Total consortium to sign deal on processing Cypriot natural gas for export
January 24, 2025


FM takes part in customary halwa ceremony; marks final stage of Budget preparation
January 24, 2025


Government e Marketplace sets new benchmark; crosses ₹ 4 Lakh Crore GMV within 10 months of FY 24-25
January 24, 2025


Advisory on Business Continuity for e-Invoice and e-Waybill Systems
January 24, 2025


Odisha budget to focus on industry, tourism, jobs: CM Majhi
January 24, 2025


CBIC cautions against fraudsters issuing fake and fraudulent Summons for GST violations
January 24, 2025


DPIIT signs MoU with a private firm to promote startup ecosystem in manufacturing sector
January 24, 2025


Congress announces separate ministry, budget for Poorvanchalis in Delhi if voted to power
January 24, 2025


SC refuses to examine PIL for scrapping TDS system under income tax law
January 24, 2025


Maha Govt Signs MoU with Rural Enhancers for Rs 10,000 Crore Investment In World Economic Forum Summit in Davos, Switzerland
January 24, 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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