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

HC Allows Tax Credit Appeal Despite Missing Docs, Affirms Right to Challenge Procedural Decisions Under Section 16(5)
May 13, 2025   Case Laws     GST

Seized Goods Held Pending Investigations: Departments Must Notify Petitioner and Preserve Evidence Without Immediate Release
May 13, 2025   Case Laws     GST

Bail Upheld in Massive Tax Refund Fraud Case Despite Allegations of Fraudulent Claims Exceeding 63 Crores
May 13, 2025   Case Laws     GST

Customs Authorities Lose Appeal: Import Valuation of Christmas Lights Overturned Due to Procedural Non-Compliance
May 13, 2025   Case Laws     Customs

Subsequent Purchaser Not Liable for Customs Duty When Original Importer Properly Cleared Goods Under Transfer of Residence
May 13, 2025   Case Laws     Customs

High Court Suspends GST Recovery Demand, Grants Interim Relief and Allows Affidavit Filing by End of Year
May 13, 2025   Case Laws     GST

High Court Clarifies: Lessee's Industrial Land Rights Transfer Not Taxable Under GST, Exempting Lump Sum Property Assignments
May 13, 2025   Case Laws     GST

Fortis Trademark Auction Validated: FHL Secures Rights at Rs 200 Crores, Overcoming Legal Challenges and Valuation Objections
May 13, 2025   Case Laws     GST

Income Tax Demand Quashed: Employers' TDS Proves Tax Payment, Credit Recognized Despite Form 26AS Discrepancy
May 13, 2025   Case Laws     Income Tax

Taxpayer Wins Challenge Against Reassessment, Court Strikes Down Unsubstantiated Tax Reopening Under Section 147
May 13, 2025   Case Laws     Income Tax

Taxpayer Wins Partial Relief: ITAT Directs Comprehensive Review of Tax Calculations, Transfer Pricing, and Credit Adjustments under Multiple Sections
May 13, 2025   Case Laws     Income Tax

Taxation Tribunal Upholds Comprehensive Financial Assessment, Rejects Selective Revenue Interpretations and Arbitrary Disallowances
May 13, 2025   Case Laws     Income Tax

Capital Gains Tax Exemption Secured: Gifted Property and Timely Investment Validate Section 54F Claim for Taxpayer
May 13, 2025   Case Laws     Income Tax

Income Tax Tribunal Dismisses Revenue's Penalty Claim Against Charitable Trust, Validates Voluntary Revised Computation Under Section 270A
May 13, 2025   Case Laws     Income Tax

Online Chemistry Database Revenues Not Taxable as Royalty Under India-USA Tax Treaty Section 9(1)(vi) and Article 12(3)
May 13, 2025   Case Laws     Income Tax

Tax Reassessment Invalidated: Section 148 Notice Struck Down Due to Procedural Errors and Time Limit Violations
May 13, 2025   Case Laws     Income Tax

Tribunal Reverses Tax Assessment, Validates Share Valuation Method for Pre-2018 Assessment Years Under Rule 11UA
May 13, 2025   Case Laws     Income Tax

Tax Dispute Resolved: UK Engineering Firm's Consulting Income Not Taxable Under India-UK Double Taxation Avoidance Agreement
May 13, 2025   Case Laws     Income Tax

Tax Assessment Order Invalidated Due to Statutory Time Limit Breach in Section 144C(13) Procedural Challenge
May 13, 2025   Case Laws     Income Tax

ITAT Overturns CIT(A) Order for Lack of Substantive Analysis and Proper Reasoning in Section 250 Appeal
May 13, 2025   Case Laws     Income Tax

Telecom Company Wins Major Tax Appeal: License Fees, Commissions, and Expenses Largely Upheld Under Section 35ABB
May 13, 2025   Case Laws     Income Tax

Tax Revision Partially Upheld: Unsecured Loan Scrutiny Reveals Procedural Gaps in Assessment Findings Under Section 263
May 13, 2025   Case Laws     Income Tax

High Court Examines Cheque Dishonour Case: Burden of Proof, Evidence Standards, and Debt Validity Under Negotiable Instruments Act
May 13, 2025   Case Laws     Indian Laws

Exporters Penalized: FEMA Section 13(1) Penalty Upheld for Non-Compliance with Proceeds Realization Norms
May 13, 2025   Case Laws     FEMA

Bank Loan Recovery Dispute Resolved: Homebuyers' Claims Validated Under Tripartite Agreement Terms
May 13, 2025   Case Laws     IBC

More Highlights

Articles Articles, Tax Laws, GST

Short Notes Short Notes

computation of tonnage income where ships are jointly operated or where multiple companies are involved in the operation of a qualifying ship : Clause 227(7)-(8) of Income Tax Bill, 2025 Vs. Section 115VH of Income-tax Act, 1961
Computation of Taxable income of the shipping companies based on Tonnage: Clause 227(1)-(6) of the Income Tax Bill, 2025 Vs. Section 115VG of the Income-tax Act, 1961
Comprehensive Review of the Tonnage Tax Scheme : Clause 226(7) of the Income Tax Bill, 2025 Vs. Section 115VF of the Income-tax Act, 1961
Presumptive Taxation for Shipping Companies : Clause 226(2)-(6) of the Income Tax Bill, 2025 and Section 115VE of the Income-tax Act, 1961
Examination of "Qualifying Ship" : Clause 235(i) of the Income Tax Bill, 2025 Vs. Section 115VD of the Income-tax Act, 1961
Defining the Qualifying Company under India's Tonnage Tax Regime : Clause 235(h) of the Income Tax Bill, 2025 Vs. Section 115VC of the Income Tax Act, 1961
Continuity and Change in India's Tonnage Tax Regime : Clause 226(1) of the Income Tax Bill, 2025 Vs. Section 115VB of the Income-tax Act, 1961
Navigating Special Tax Regimes for Shipping : Clause 225 of the Income Tax Bill, 2025 Vs. Section 115VA of the Income-tax Act, 1961
Interpreting Special Provisions for Shipping Companies : Clause 235 of the Income Tax Bill, 2025 Vs. Section 115V of the Income-tax Act, 1961
Special Tax Regimes for Investment Funds : Clause 224 of Income Tax Bill, 2025 Vs. Section 115UB of the Income-tax Act, 1961
special taxation regime for business trusts such as (REITs)/(InvITs) Clause 223 of the Income Tax Bill, 2025 Vs. Section 115UA of the Income-tax Act, 1961
Special Provisions Relating to Pass-Through Entities in Venture Capital Structures : Clause 222 of Income Tax Bill, 2025 Vs. Section 115U of Income Tax Act, 1961
Enforcement and Recovery of Tax on Accreted Income : Clause 352(8) & (9) of the Income Tax Bill, 2025 Vs. Section 115TF of the Income-tax Act, 1961
Changing Landscape of Interest on Delayed Payment of Tax on Accreted Income : Clause 352(7) of Income Tax Bill, 2025 Vs. Section 115TE of Income-tax Act, 1961
Reforming the Exit Tax Regime for non-profit organizations (NPOs) or charitable institutions : Clause 352 of the Income Tax Bill, 2025 Vs. Section 115TD of the Income-tax Act, 1961
Comprehensive Review of Taxation, Reporting, and Compliance for Securitisation Trusts : Clause 221 of the Income Tax Bill, 2025 Vs.Section 115TCA of the Income Tax Act, 1961
Definitions, Scope, and Impact on the MAT/AMT Regime : Clause 206(19) of the Income Tax Bill, 2025 Vs. Section 115JF of the Income Tax Act, 1961
Reducing tax avoidance by curbing the excessive use of deductions and exemptions by corporate and select non-corporate entities : Clause 206(18) of the Income Tax Bill, 2025 Vs. Section 115JEE of the Income-tax Act, 1961
The Interplay of Special and General Provisions : Clause 206(12) of Income Tax Bill, 2025 Vs. Section 115JE of Income Tax Act, 1961
Addresses the mechanism for granting tax credit for MAT/AMT paid in excess of regular tax liability by Other than Corporate : Clause 206(13)-(16) of the Income Tax Bill, 2025 Vs. Section 115JD of the Income-tax
Addresses the mechanism for granting tax credit for MAT/AMT paid in excess of regular tax liability by Companies : Clause 206(13)-(16) of the Income Tax Bill, 2025 Vs. Section 115JAA of the Income-tax Act, 1961
Harmonizing Minimum Tax Computation under India's Income Tax Laws : Clause 206(2)-(5) of the Income-tax Bill, 2025 Vs. Section 115JB and Section 115JC of the Income-tax Act, 1961
imposition of Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT) on various classes of taxpayers : Clause 206(1) of the Income Tax Bill, 2025 Vs. Section 115JA of the Income-tax Act, 1961
Residency Reclassification and Tax Implications for Foreign Companies : Clause 220 of the Income Tax Bill, 2025 Vs. Section 115JH of the Income Tax Act, 1961
Special provisions regarding conversion of an Indian branch of a foreign company, into a subsidiary Indian company : Clause 219 of the Income Tax Bill, 2025 Vs. Section 115JG of the Income-tax Act, 1961

More Notes

Notifications Notifications

ADD

- Seeks to impose Anti Dumping Duty on imports of Titanium Dioxide originating in or exported from China PR
May 10, 2025

CVD

- Seeks to impose CVD on imports of "Textured tempered coated and uncoated glass" originating in or exported from Vietnam for a period of 5 years
May 10, 2025

IT

- CBDT has notified the ITR-7 Form for Assessment Year 2025 26 under the Income-tax (Eighteenth Amendment) Rules, 2025
May 9, 2025

Cus

- Seeks to exempt works of art and antiques from Basic Customs Duty.
May 9, 2025

ADD

- Seeks to impose Anti-Dumping Duty on imports of "Textured Tempered Coated and Uncoated Glass " falling under Tariff headings 7003, 7005, 7007, 7016, 7020 and 8541 originating in or exported from China PR or Vietnam for a period of 5 Years.
May 8, 2025

ADD

- Seeks to impose anti-dumping duty on import of Sodium citrate originating in or exported from China RP for a period of further 5 years.
May 8, 2025

ADD

- Seeks to levy anti-dumping duty on imports of 'Glufosinate and its salt' imported from China PR for a period of 5 years, on the recommendations of DGTR
May 8, 2025

Co. Law

- Companies (Indian Accounting Standards) Amendment Rules, 2025
May 7, 2025

IT

- CBDT has notified the ITR-V & ITR-Acknowledgement Form for Assessment Year 2025 26 under the Income-tax (Seventeenth Amendment) Rules, 2025
May 7, 2025

Co. Law

- National Company Law Appellate Tribunal (Recruitment, Salary and other Terms and Conditions of Service of Officers and other Employees) Amendment Rules, 2025.
May 6, 2025

Co. Law

- National Company Law Tribunal (Recruitment, Salary and other Terms and Conditions of Service of Officers and other Employees) Amendment Rules, 2025.
May 6, 2025

Competition Law

- Competition Commission of India (Determination of Cost of Production) Regulations, 2025.
May 6, 2025

IT

- CBDT has notified the ITR-6 Form for Assessment Year 2025 26 under the Income-tax (Sixteenth Amendment) Rules, 2025
May 6, 2025

SEBI

- Securities and Exchange Board of India (Issue and Listing of Securitised Debt Instruments and Security Receipts) (Amendment) Regulations, 2025
May 5, 2025

PMLA

- Reserve Bank of India has permits authorization to four additional entities to perform authentication under the Aadhaar Act for the purposes of section 11A of the Money laundering Act, 2002
May 5, 2025

More Notifications

Circulars/ Public Notices Circulars/ Public Notices

Customs

- Anti-Dumping Duty on imports of "Titanium Dioxide" originating in or exported from China PR Implementation
May 11, 2025

Customs

- Closing of the Integrated Check Post, Attari for all types of incoming and outgoing passengers and movement of goods.
May 9, 2025

SEBI

- Review of - (a) disclosure of financial information in offer document, and (b) continuous disclosures and compliances by Real Estate Investment Trusts (REITs)
May 7, 2025

SEBI

- Review of - (a) disclosure of financial information in offer document / placement memorandum, and (b) continuous disclosures and compliances by Infrastructure Investment Trusts (InvITs)
May 7, 2025

DGFT

- Amendments in Standard Input Output Norms (SION) A-1294
May 7, 2025

SEBI

- Publishing Investor Charter for KYC (Know Your Client) Registration Agencies (KRAs) on their Websites
May 6, 2025

DGFT

- Reinstatement and amendment of Standard Input Output Norms (SION C-888)
May 6, 2025

DGFT

- Amendments to Para 10.10 of the Handbook of Procedures (HBP) 2023 - Revised Framework for Stock & Sale Authorization of SCOMET Items
May 6, 2025

Customs

- Closing of the Integrated Check Post, Attari for all types of incoming and outgoing passengers and movement of goods
May 5, 2025

Customs

- Prohibition on import or transit of all goods originating in or exported from Pakistan Insertion of Para 2.20A of Foreign Trade Policy (FTP), 2023
May 3, 2025

SEBI

- Measure for Ease of Doing Business Facilitation to SEBI registered Stock Brokers to undertake securities market related activities in Gujarat International Finance Tech-city International Financial Services Centre (GIFT-IFSC) under a Separate Business Unit (SBU)
May 2, 2025

GST

- Timely production of records/information for audit
May 2, 2025

GST

- Grievance Redressal Mechanism for processing of application for GST registration
May 2, 2025

SEBI

- Clarifications to Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI Regulated Entities (REs)
April 30, 2025

DGFT

- Request for Comments on Alignment of Schedule-II (Export Policy), ITC(HS) 2022 with amendments introduced by Finance Act 2025
April 29, 2025

More Circulars

News News, PIB

Gold tanks Rs 3,400 to Rs 96,550/10 g as US-China trade deal curbs demand
May 12, 2025


Stock markets log biggest single-day rise after suspension of India-Pak hostilities
May 12, 2025


Maharashtra govt holds meeting with armed forces; CM Fadnavis assures effective coordination
May 12, 2025


2nd part of Delhi Assembly's budget session, set to commence from Tuesday, cancelled
May 12, 2025


US, China take step back from sky-high tariffs, agree to pause for 90 days
May 12, 2025


Gadkari calls for new law for cooperative sector to keep pace with 'evolving economic conditions'
May 12, 2025


US Trade Representative Greer says US and China to roll back most tariffs
May 12, 2025


US Trade Representative Greer says US, China to roll back most tariffs
May 12, 2025


India extends financial support to Maldives through rollover of USD 50 million Treasury Bill
May 12, 2025


Thane businessman duped of Rs 4.5 cr in GST fraud
May 12, 2025


Investor Education and Protection Fund Authority (IEPFA) and SEBI Convene Strategic Preparatory Meeting for Niveshak Shivir Initiative
May 12, 2025


Puerto Rico seeks to lure manufacturing to boost its economy as Trump's tariff war deepens
May 11, 2025


JSL serious on Rs 40,000-cr investment in Maharashtra; looking for land parcel: MD Abhyuday Jindal
May 11, 2025


Staggering 100 percent increase in alcohol-related liver diseases during YSRCP rule: Expert panel
May 11, 2025


Former Panamanian president Martinelli leaves Nicaraguan embassy for asylum in Colombia
May 11, 2025


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