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

Companies Cost Records and Audit Rules Updated with Revised CRA-2 and CRA-4 Forms Under Sections 469(1), 469(2), and 148
June 4, 2025   Notifications     Companies Law

Corporate Registration Fees and Procedures Updated: MCA Amends Form GNL-1 Under Sections 396-404 of Companies Act, 2013
June 4, 2025   Notifications     Companies Law

Zero Coupon Bond by REC Ltd. Offers Tax-Efficient Investment with Comprehensive Regulatory Framework Under Section 2(48)
June 4, 2025   Notifications     Income Tax

Taxpayers Gain Relief: Section 128A Clarifies GST Payment Procedures and Dispute Resolution Mechanisms for Pre-November 2024 Periods
June 4, 2025   Circulars     GST - States

Automated Margin Pledge System Enhances Securities Trading Transparency and Investor Protection Mechanisms Under SEBI Guidelines
June 4, 2025   Circulars     SEBI

SEBI Mandates Research Analysts to Enhance Transparency, Disclosure, and Investor Protection Under Comprehensive Investor Charter
June 4, 2025   Circulars     SEBI

Forged GST Challenge Exposed: Fabricated Docs Lead to Criminal Investigation and Petition Dismissal
June 4, 2025   Case Laws     GST

Share Application Money Not Loans: ITAT Quashes Penalty, Affirms Strict Interpretation of Section 269SS Provisions
June 4, 2025   Case Laws     Income Tax

Tax Penalty Overturned: Income Estimation Error Invalidates Section 270A Assessment for Tempo Transportation Business
June 4, 2025   Case Laws     Income Tax

Open Terrace and Portico Excluded from Built-Up Area Calculation, Tax Deduction Eligibility Confirmed Under Section 80-IB
June 4, 2025   Case Laws     Income Tax

Tax Diary Entries Validated as Legitimate Accounting Evidence, Section 69A Additions Upheld for Comprehensive Financial Reconciliation
June 4, 2025   Case Laws     Income Tax

Technical Service Fees Not Taxable: Corporate Allocation Charges Exempt Under DTAA and Section 9(1)(vii)
June 4, 2025   Case Laws     Income Tax

Retrospective Tax Amendments Clarify Income Assessment Rules Under Sections 149 and 147 with Broad Interpretative Scope
June 4, 2025   Case Laws     Income Tax

Valuation of Unquoted Equity Shares Upheld: DCF Method Validated, Expert Report Confirmed Under Rule 11UA(2)
June 4, 2025   Case Laws     Income Tax

Services to Intermediary Not Directly Supplied to Government Disqualify Tax Exemption Under Notification 12/2017
June 4, 2025   Case Laws     GST

High Court Strikes Down Tax Credit Disallowance Orders, Mandates Comprehensive Reevaluation of Electronic Credit Ledger Compartments
June 4, 2025   Case Laws     GST

Bail Granted in Tax Evasion Case: Insufficient Evidence and No Proven Pattern of Deliberate Tax Fraud
June 4, 2025   Case Laws     GST

Procedural Gaps in E-Way Bill Compliance Don't Automatically Trigger Penalties Without Proven Tax Evasion Intent
June 4, 2025   Case Laws     GST

Charitable Trust Loses Tax Exemption Claim After Repeated Failure to Correct Return Details Under Section 11
June 4, 2025   Case Laws     Income Tax

Taxpayer Wins Capital Gains Tax Exemption by Purchasing Multiple Residential Flats Under Section 54F Interpretation
June 4, 2025   Case Laws     Income Tax

SEZ Income Tax Exemption Recalculation Requires Balanced Adjustment of Sales and Corresponding Cost of Sales Under Section 10AA
June 4, 2025   Case Laws     Income Tax

Voluntary Ex-Gratia Compensation on Employment Termination Ruled Non-Taxable Under Section 17(3) of Income Tax Act
June 4, 2025   Case Laws     Income Tax

Management Fees Deduction Upheld: Legitimate Business Purpose Trumps Revenue Proportionality Under Section 37(1)
June 4, 2025   Case Laws     Income Tax

Bank Can Sell Mortgaged Property Under Sarfaesi Act Despite Tax Recovery Attachment, Rights Subject to Further Legal Determination
June 4, 2025   Case Laws     Indian Laws

Subsidy for Export Potential Deemed Capital Receipt, Excludable from Book Profit Under Section 115JB
June 4, 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

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

Co. Law

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

Co. Law

- Companies (Audit and Auditors) Amendment Rules, 2025.
May 30, 2025

Co. Law

- Companies (Management and Administration) 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

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

- Procedure to be followed in the case of undelivered articles/Return to Sender (RTS) parcels imported through Foreign Post Office- Chennai (Air)-Reg.
May 22, 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

More Circulars

News News, PIB

CBI seeks custody of NCLT deputy registrar arrested on bribery charge
June 5, 2025


Railways empowers CRIS to authenticate passengers' Aadhaar ID; Will benefit genuine users: Vaishnaw
June 4, 2025


Spike in steel tariffs could imperil Trump promise of lower grocery prices
June 4, 2025


US and Europe trade negotiators say progress but no breakthroughs on tariff talks in Paris
June 4, 2025


The Latest: Trump promises to hike steel, aluminum tariffs to 50% starting Wednesday
June 4, 2025


US, Europe trade negotiators discuss tariffs in Paris
June 4, 2025


Union Commerce and Industry Minister Shri Piyush Goyal Commences Official Visit to Italy to Deepen Bilateral Economic Cooperation
June 4, 2025


India calls for WTO action on non-tariff barriers, ensuring strong dispute resolution mechanism
June 4, 2025


CCI approves proposed acquisition of The Interpublic Group of Companies, Inc. by Omnicom Group Inc.
June 4, 2025


CCI approves the proposed acquisition of up to 9.99% of the paid up share capital of IDFC First Bank Limited by Currant Sea Investments B.V.
June 4, 2025


DPIIT and Copyright Office to Host Special Event Marking 68 Years of the Copyright Act; Focus on Reforms for the Digital Era
June 4, 2025


Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman and Union Minister of State for Finance Shri Pankaj Chaudhary inaugurate Directorate of Revenue Intelligence (DRI) headquarters building, in New Delhi.
June 4, 2025


Trump promises to hike steel, aluminum tariffs to 50 pc starting Wednesday
June 4, 2025


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


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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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