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

Sports Goods Toys Export Promotion Council Name Updated in Foreign Trade Policy Appendix 2T Revision
June 14, 2025   Circulars     DGFT

Authorized Agency Update: Sports Goods Export Promotion Council Renamed and Contact Details Modified Under Appendix 2E
June 14, 2025   Circulars     DGFT

Digital Trade Connect Platform Opens to All Status Holder Exporters, Boosting Global Visibility for Indian Businesses
June 14, 2025   Circulars     DGFT

SEBI Mandates Enhanced Investor Protection and Transparency for Infrastructure Investment Trusts with Comprehensive Regulatory Guidelines
June 14, 2025   Circulars     SEBI

Tax Authorities Lack Jurisdiction Transfer Consensus, Search Operations Invalidated, Case Remitted for Fresh Assessment
June 14, 2025   Case Laws     Income Tax

Offshore Equipment Sales Revenues Exempted from Taxation, Tribunal Upholds Contractual Integrity and Precedent Principles
June 14, 2025   Case Laws     Income Tax

Reassessment Under Section 148: DIT Information Validates AO's Reasons, Rejects Retrospective Application of Section 50CA
June 14, 2025   Case Laws     Income Tax

Taxpayer Wins Big: Tribunal Strikes Down Unsubstantiated Tax Additions Under Sections 68 and Income Discrepancies Decision
June 14, 2025   Case Laws     Income Tax

Tax Treaty Allows Permanent Establishment Loss Set-Off Against Interest Income, Enabling Favorable Inter-Head Adjustment
June 14, 2025   Case Laws     Income Tax

Land Sale Between Parent-Subsidiary Exempted from Capital Gains Tax Under Section 47(iv) of Income Tax Act
June 14, 2025   Case Laws     Income Tax

Agricultural Income Verification Upheld: AO's Thorough Inquiry Validates Assessee's Claims, Blocks Revisional Proceedings Under Section 263
June 14, 2025   Case Laws     Income Tax

Broker's Ledger Debit Balance Not Taxable Income: F O Transaction Margins Clarified Under Specific Accounting Principles OTrading
June 14, 2025   Case Laws     Income Tax

Corporate Loan Scrutiny: Inter-Company Advance Reclassified as Dividend Under Section 2(22)(e) Without Substantive Transactional Evidence
June 14, 2025   Case Laws     Income Tax

Exporters Win: Pre-1989 Contracts Entitled to Cash Compensatory Support Despite Technical Scheme Changes
June 14, 2025   Case Laws     Customs

Property Investment Dispute Resolved: Co-Owner Validates Investment Sources Through Bank Statements and Loan Documentation
June 14, 2025   Case Laws     Income Tax

Taxpayer Wins: Direct Tax Dispute Resolution Scheme Shields from Penalty Proceedings Under Section 204(3)
June 14, 2025   Case Laws     Income Tax

Service via Online Portal Deemed Valid Under Section 169(1)(d), Procedural Flexibility Affirmed for Notice and Appeal Timelines
June 14, 2025   Case Laws     GST

Judicial Oversight Demands Rigorous Scrutiny of Summary Reports in Criminal Investigations Under Section 156
June 14, 2025   Case Laws     Money Laundering

Tax Deduction Dispute: Documentary Evidence and MSMED Act Compliance Clarified for Bonus and Interest Expense Claims
June 14, 2025   Case Laws     Income Tax

Tax Refund Victory: Rs. 256.45 Crores Ordered Returned, Additional Rs. 122.05 Crores Under Detailed Review
June 14, 2025   Case Laws     Service Tax

Tax Notifications N/N. 56/2023 Quashed Due to Procedural Unfairness and Inability to Access GST Portal for Responding
June 14, 2025   Case Laws     GST

Mango Pulp GST Classification Confirmed at 12% Rate, Validating Circular No. 179/11/2022-GST Under Vimal Agro Precedent
June 14, 2025   Case Laws     GST

Veterinary and Agricultural Services Taxed Differently: Marketing Commissions and Lab Tests Face GST, Healthcare Advice Exempted
June 14, 2025   Case Laws     GST

Charitable Trust Wins Tax Exemption After Comprehensive Review of Operational Activities Under Section 11
June 14, 2025   Case Laws     Income Tax

Steam Coal Import Valuation: Customs Authority's Attempted Value Substitution Rejected Under Rule 3(1) and Section 14
June 14, 2025   Case Laws     Customs

More Highlights

Articles Articles, Tax Laws, GST

Short Notes Short Notes

Streamlining Appeals and Ensuring Judicial Consistency : Clause 376 of the Income Tax Bill, 2025 Vs. Section 158AB of the Income-tax Act, 1961
Mechanisms for Avoidance of Repetitive Appeals under Indian Income Tax Statutes : Clause 375 of Income Tax Bill, 2025 Vs. Section 158A of the Income Tax Act, 1961
Legal Framework for Technological Innovation in Tax Administration : Clause 532 of the Income Tax Bill, 2025 Vs. Section 157A of the Income-tax Act, 1961
Assessing Officer's Duty to Notify Losses : Clause 291 of the Income Tax Bill, 2025 Vs. Section 157 of the Income-tax Act, 1961
Statutory mechanism for the modification and revision of demand notices : Clause 290 of Income Tax Bill, 2025 Vs. Section 156A of Income-tax Act, 1961
Examination of Notice of Demand Provisions in Indian Tax Statutes : Clause 289 of the Income Tax Bill, 2025 Vs. Section 156 of the Income-tax Act, 1961
Procedural Amendments and Rectification under Indian Income Tax Law : Clause 288 of Income Tax Bill, 2025 Vs. Section 155 of Income Tax Act, 1961
Procedural Safeguards and Rectification under Indian Tax Law : Clause 287 of the Income Tax Bill, 2025 Vs. Section 154 of the Income-tax Act, 1961
Reforming Assessment Timelines of assessment, reassessment, and recomputation of income : Clause 286 of the Income Tax Bill, 2025 Vs. Section 153 of the Income-tax Act, 1961
procedural aspects of assessment, reassessment, and recomputation where income has allegedly escaped assessment : Clause 285 of Income Tax Bill, 2025 Vs. Section 152 of Income Tax Act, 1961
From Faceless Assessment to Executive Schemes : Clause 532 of the Income Tax Bill, 2025 Vs. Section 151A of the Income-tax Act, 1961
Authority and Accountability in Reopening Assessments : Clause 284 of the Income Tax Bill, 2025 Vs. Section 151 of the Income-tax Act, 1961
Expanding the Framework for Assessment in Consequence of Appellate Orders : Clause 283 of the Income Tax Bill, 2025 Vs. Section 150 of the Income-tax Act, 1961
The Changing Landscape of Reassessment Notices in Indian Tax Law : Clause 282 of Income Tax Bill, 2025 Vs. Comparative Analysis with Section 149 of the Income-tax Act, 1961
The New Framework for Reassessment Notices, Balancing Revenue Powers and Taxpayer Rights : Clause 281 of Income Tax Bill, 2025 Vs. Section 148A of the Income-tax Act, 1961
Modernizing the Reassessment Notice Regime in Indian Income Tax Law : Clause 280 of the Income Tax Bill, 2025 Vs. Section 148 of the Income-tax Act, 1961
Procedural and Substantive Shifts in Income Escaping Assessment : Clause 279 of Income Tax Bill, 2025 Vs. Section 147 of Income-tax Act, 1961
Timing of Income Recognition of Compensation and Incentives : Clause 278 of Income Tax Bill, 2025 Vs. Section 145B of Income-tax Act, 1961
Valuation of Inventory and Securities under Indian Tax Law : Clause 277 of the Income Tax Bill, 2025 and Section 145A of the Income-tax Act, 1961
Legal Framework and Practical Impact of Method of Accounting under Indian Income Tax : Clause 276 of the Income Tax Bill, 2025 Vs. Section 145 of the Income-tax Act, 1961
Comparative Legal Analysis of the DRP Mechanism : Clause 275 of the Income Tax Bill, 2025 Vs. Section 144C of the Income-tax Act, 1961
Procedures and Legal Safeguards of "impermissible avoidance arrangements" (IAAs) : Clause 274 of the Income Tax Bill, 2025 Vs. Section 144BA of Income-tax Act, 1961
Future of Faceless Assessment :Clause 273 of the Income Tax Bill, 2025 Vs. Section 144B of the Income-tax Act, 1961
Supervisory Powers in Income Tax Assessments : Clause 272 of Income Tax Bill, 2025 Vs. Section 144A of the Income-tax Act, 1961
Procedural Safeguards and Administrative Discretion in Best Judgment Assessments : Clause 271 of the Income Tax Bill, 2025 Vs. Section 144 of the Income-tax Act, 1961

More Notes

Notifications Notifications

Cus (NT)

- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
June 13, 2025

IT

- Zero Coupon Bond - Specified bond notified u/s 2(48) of the Income-tax Act, 1961
June 12, 2025

FEMA

- Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2025
June 11, 2025

Cus (NT)

- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
June 11, 2025

Cus (NT)

- Appointment of Common Adjudicating Authority for the purpose of finalization of Provisional Assessment in SVB case w.r.t. M/s Bando(India) Pvt. Ltd.
June 11, 2025

IT

- Exemption from specified income U/s 10(46A) of IT Act 1961 - Greater Noida Industrial Development Authority
June 10, 2025

Co. Law

- Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Amendment Rules, 2025
June 6, 2025

ADD

- Seeks to impose Anti Dumping Duty on imports of Vitamin -A Palmitate originating in or exported from China PR, European Union and Switzerland.
June 6, 2025

ADD

- Seeks to impose Anti Dumping Duty on imports of Insoluble Sulphur originating in or exported from China PR and Japan.
June 6, 2025

SEZ

- Central Government de-notifies an area of 282.7351 hectares, thereby making resultant area as 305.9163 hectares at Gopalpur, District Ganjam, in the State of Odisha
June 5, 2025

SEZ

- Special Economic Zones (Amendment) Rules, 2025
June 3, 2025

IT

- U/s 138(1) of IT Act 1961 - Central Government specifies Secretary to the Government of Maharashtra, Women and Child Development
June 3, 2025

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 (Cost Records and Audit) Amendment Rules, 2025
May 30, 2025

More Notifications

Circulars/ Public Notices Circulars/ Public Notices

DGFT

- Rollout of Source from India on Trade Connect ePlatform for all Status Holders
June 13, 2025

FEMA

- Import of Shipping Vessel - Relaxation
June 13, 2025

SEBI

- Review of provisions relating to Product Advisory Committee (PAC)
June 12, 2025

SEBI

- Investor Charter Infrastructure Investment Trusts (InvITs)
June 12, 2025

SEBI

- Investor Charter Real Estate Investment Trusts (REITs)
June 12, 2025

Customs

- Applicability of SCOMET - Consolidated Repository
June 12, 2025

DGFT

- Amendment under Appendix 2T (List of Export Promotion Councils/Commodity Boards/Export Development Authorities) of Appendices and ANFs of FTP 2023
June 12, 2025

DGFT

- Amendment in details of an authorized agency enlisted under Appendix 2E of FTP, 2023 - Agency Authorized to issue Certificate of Origin (Non - Preferential)
June 12, 2025

SEBI

- Adoption of Standardised, Validated and Exclusive UPI IDs for Payment Collection by SEBI Registered Intermediaries from Investors
June 11, 2025

DGFT

- Fixation of one new Standard Input Output Norms (SIONs) at SION A-3686 under 'Chemical and Allied Product' (Product Code 'A')
June 10, 2025

GST

- Generation and quoting of Document Identification Number (DIN) on any communication issued by the officers of the Central Board of Indirect Taxes and Customs (CBIC) to tax payers and other concerned persons
June 9, 2025

SEBI

- Extension of timeline of additional liquidation period for VCFs migrating to SEBI (Alternative Investment Funds) Regulations, 2012
June 6, 2025

Income Tax

- Order under section 138(1)(a) of the Income-tax Act, 1961 - Sharing of information regarding Income Tax payers for identification of eligible beneficiaries under "Mukhyamantri Mazi Ladki Bahin Yojana".
June 6, 2025

SEBI

- Framework for Environment, Social and Governance (ESG) Debt Securities (other than green debt securities)
June 5, 2025

SEBI

- Limited relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
June 5, 2025

More Circulars

News News, PIB

Nepal to export 40 MW electricity to Bangladesh via India from Saturday midnight
June 14, 2025


NCLT Mumbai bench deputy registrar gets bail in bribery case
June 13, 2025


India's forex reserves jump USD 5.17 bn to USD 696.65 bn
June 13, 2025


95th Meeting of Network Planning Group under PM GatiShakti evaluates key Infrastructure projects
June 13, 2025


Arunachal DyCM calls for GST drive to boost compliance, revenue
June 12, 2025


Willing to step-up dialogue, China on lifting export curbs on rare earth metals to India
June 12, 2025


Union Commerce and Industry Minister Shri Piyush Goyal Advances India Sweden Collaboration Through Comprehensive Government and Industry Dialogues
June 12, 2025


Ahead of SEBI's June 30 Deadline, InCorp Advisory Launches India's First CSCRF Applicability Portal
June 12, 2025


ESAF Small Finance Bank Selects Kyndryl to Power Its IT Transformation and Digital Banking
June 12, 2025


Advisory on filing of Amnesty applications under Section 128A of the CGST Ac
June 12, 2025


CBI apprehends Superintendent, CGST, Amroha and a Tax Advocate while accepting illegal gratification of Rs. One Lakh
June 12, 2025


Trump says US gets rare earth minerals from China and tariffs on Chinese goods will total 55%
June 12, 2025


India-EU Free Trade Agreement feasible by end of 2025: Jaishankar
June 11, 2025


Trump says US gets rare earth minerals from China in trade deal, tariffs on Chinese goods go to 55%
June 11, 2025


Trump hails favourable federal appeals court ruling on his sweeping tariff policy as 'great' win
June 11, 2025


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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.

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