Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

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

Tax Assessment Orders Invalidated for Exceeding Four-Year Limitation Period Under Rule 14A (5A) for 2014-2017
May 6, 2025   Case Laws     GST

Refund Claim Upheld: Arbitrary Filing Date Restriction Invalidated, Statutory Two-Year Limitation Period Preserved for Input Tax Credit
May 6, 2025   Case Laws     GST

Income Tax Authorities Granted Broad Powers to Review, Rectify, and Enhance Tax Assessments Under Sections 251, 154, and 263
May 6, 2025   Case Laws     Income Tax

Challenging Tax Refund Appeals: Commissioner's Appeal Does Not Automatically Suspend Refund Order Under Section 54(11)
May 6, 2025   Case Laws     GST

Expenditure for Subsidiary Wind-Up Deemed Commercially Expedient, Deductions Allowed Under Established Legal Principles
May 6, 2025   Case Laws     Income Tax

Income Tax Tribunal Reclassifies Property Rental as Business Income, Upholds Penalties for Undisclosed Investments Under Sections 24(a), 69B, and 115BBE
May 6, 2025   Case Laws     Income Tax

Taxpayer Fails to Prove Ownership of Silver Bars, Income Tax Tribunal Upholds Original Assessment of Undisclosed Assets
May 6, 2025   Case Laws     Income Tax

Scrap Dealer Wins Partial Tax Relief: Unexplained Cash Deposits Limited to Rs. 5 Lakhs Under Section 115BBE
May 6, 2025   Case Laws     Income Tax

Tax Reassessment Quashed: Revenue's Limitation Period Extension Rejected, Procedural Defects Invalidate Assessment Order
May 6, 2025   Case Laws     Income Tax

Government Dues Extinguished: Authorized Representative's Writ Validates Insolvency Resolution Plan Under IBC Section 31(1)
May 6, 2025   Case Laws     IBC

Money Laundering Case: Fraudulent Bank Transaction Funds Deemed Proceeds of Crime Under PMLA Section 2(u)
May 6, 2025   Case Laws     Money Laundering

Bank's Prior Security Interest Trumps Tax Authority's Unregistered Attachment Under SARFAESI Section 26-E
May 6, 2025   Case Laws     VAT / Sales Tax

Advance Money Forfeiture Upheld: Reciprocal Contract Obligations Protect Vendor's Interests Against Purchaser's Breach
May 6, 2025   Case Laws     Indian Laws

Farmer's Agricultural Income Claim Rejected: ITAT Confirms 15% Expense Limit for Diverse Crop Cultivation on 40 Acres
May 6, 2025   Case Laws     Income Tax

Income Tax Assessment Invalidated: Search Proceedings Flawed, Professional Income Correctly Determined Under Section 44ADA
May 6, 2025   Case Laws     Income Tax

Income Tax Dispute: Tribunal Orders Fresh Assessment with Comprehensive Evidence Review Under Section 69A
May 6, 2025   Case Laws     Income Tax

Transfer Pricing Dispute Resolved: TNMM Validated as Superior Method for Benchmarking International Goods Sale Transactions
May 6, 2025   Case Laws     Income Tax

Revenue Dispute Highlights Procedural Complexities in Show Cause Notice Adjudication, SC Suspends HC Order for Comprehensive Review
May 6, 2025   Case Laws     Customs

Input Tax Credit Claim Upheld: Section 16(4) Validates Retrospective Credit for Financial Years 2017-2021
May 6, 2025   Case Laws     GST

Leasehold Rights Transfer for Industrial Land Exempt from GST Under Section 7(1)(a) of GST Act
May 6, 2025   Case Laws     GST

Tax Recovery Halted: Statutory Timelines Violated, Premature Action Rejected, Full Refund and Interest Ordered Under CGST Act Sections 78 and 79
May 6, 2025   Case Laws     GST

High Court Quashes GST Registration Cancellation Order for Lack of Reasoning and Procedural Fairness Under FORM GST REG-19
May 6, 2025   Case Laws     GST

GST Registration Cancellation Order Struck Down for Lack of Reasoned Explanation and Procedural Fairness Under Rule 21
May 6, 2025   Case Laws     GST

Petitioner Granted One-Month Reply Window Despite SCN Upload, Adjudication Order Conditionally Permitted Under Pending Supreme Court Review
May 6, 2025   Case Laws     GST

Tax Dispute Resolution: Petitioner Granted 30-Day Window to Submit Comprehensive Evidence Supporting Reply to Show Cause Notice
May 6, 2025   Case Laws     GST

More Highlights

Articles Articles, Tax Laws, GST

Short Notes Short Notes

Exemption from Income Tax Return Filing for Non-Resident Indians : Clause 216 of Income Tax Bill, 2025 Vs. Section 115G of Income-tax Act, 1961
Taxation of Foreign Exchange Asset Transfers by NRIs : Clause 215 of the Income Tax Bill, 2025 Vs. Section 115F of the Income-tax Act, 1961
Transitioning NRI Taxation : Clause 214 of Income Tax Bill, 2025 Vs. Section 115E of Income Tax Act, 1961
Special provisions that govern the computation of total income for non-resident Indians (NRIs) : Clause 213 of Income Tax Bill, 2025 Vs. Section 115D of Income Tax Act, 1961
Special taxation regime applicable to non-residents and foreign companies : Clause 212 of Income Tax Bill, 2025 Vs. Section 115C of Income-tax Act, 1961
Reforming of Taxation of Specified Income of Non-Profit Organisations (NPOs) : Clause 337 of the Income Tax Bill, 2025 Vs. Section 115BBI of the Income-tax Act, 1961
Evolution of the digital economy "Taxation of winnings from online games" : Clause 194 (S. No. 5) of Income Tax Bill, 2025 Vs. Section 115BBJ of Income-tax Act, 1961
Development in the taxation of income arising from the transfer of virtual digital assets (VDAs) : Clause 194 (Table: S. No. 4) of Income Tax Bill, 2025 Vs. Section 115BBH of Income Tax Act, 1961
Legal and Practical Perspectives on the Taxation of Carbon Credit Transfers : Clause 194 (Table: S. No. 3) of the Income Tax Bill, 2025 Vs. Section 115BBG of the Income-tax Act, 1961
Concessional tax regime for Patent Royalty Income for resident patentees: Clause 194 (Table: S. No. 2) of Income Tax Bill, 2025 Vs. Section 115BBF of the Income-tax Act, 1961
Taxation of Unexplained Incomes : Clause 195 of Income Tax Bill, 2025 Vs. Section 115BBE of Income-tax Act, 1961
Comprehensive regime for the taxation of "specified income" of registered non-profit organisations (NPOs) : Clause 337 (Table: S. No. 1) of the Income Tax Bill, 2025 Vs. Section 115BBC of the Income Tax Act, 1961
Special Taxation of Non-Resident Sportsmen and Entertainers : Clause 211 of the Income Tax Bill, 2025 Vs. section 115BBA of the Income-tax Act, 1961
Special Tax Regimes for Gaming and Gambling Incomes : Clause 194 (Table: S. No. 1) of Income Tax Bill, 2025 Vs. Section 115BB of Income Tax Act, 1961
Special concessional tax regime for new manufacturing co-operative societies in India : Clause 204 of the Income Tax Bill, 2025 Vs. Section 115BAE of the Income Tax Act, 1961
Concessional tax regime for resident cooperative societies in India : Clause 203 of the Income Tax Bill, 2025 Vs. Section 115BAD of the Income Tax Act, 1961
Introducing a new tax regime with revised tax slabs and by eliminating various exemptions and deductions : Clause 202 of Income Tax Bill, 2025 Vs. Section 115BAC of the income tax Act, 1961
Concessional tax regime for new manufacturing domestic companies : Clause 201 of the Income Tax Bill, 2025 Vs. Section 115BAB of the income tax Act, 1961
Optional Concessional Taxation for domestic Companies : Clause 200 of the Income Tax Bill, 2025 Vs. Section 115BAA of the Income-tax Act, 1961
Concessional Taxation for Manufacturing Domestic Companies : Clause 199 of Income Tax Bill, 2025 Vs. Section 115BA of Income-tax Act, 1961
Taxation of Special Incomes in India "Profits and gains from Life Insurance Business" : Clause 194 of the Income Tax Bill, 2025 Vs. Section 115B of the Income-tax Act, 1961
Evolving the Taxation of Foreign Portfolio Investment : Clause 210 of the Income Tax Bill, 2025 Vs. Section 115AD of the Income Tax Act, 1961
Taxation of income from Global Depository Receipts (GDRs) earned by resident employees of Indian companies or their subsidiaries engaged in specified knowledge-based industries or services : Clause 193 of the Income Tax Bill, 2025 vs. Section 115ACA of the Income Tax Act, 1961
Legislative framework governing the taxation of income derived by non-residents from bonds and Global Depository Receipt : Clause 209 of Income Tax Bill, 2025 Vs. Section 115AC of the Income-tax Act, 1961
Evolution of Special Tax Regimes for Offshore Funds : Clause 208 of the Income Tax Bill, 2025 Vs. Section 115AB of the Income-tax Act, 1961

More Notes

Notifications Notifications

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

IT

- CBDT has notified the ITR-2 Form for Assessment Year 2025 26 under the Income-tax (Fifteenth Amendment) Rules, 2025.
May 3, 2025

FTP

- 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 2, 2025

SEZ

- Central Government de-notifies an area of 13.297 hectares, thereby making resultant area as 139.300 hectares at Sholinganallur, Sholinganallur Taluk, Chennai District in the State of Tamil Nadu
May 1, 2025

SEZ

- Central Government notifies an additional area of 88.02 hectares, as a part of above Special Economic Zone, thereby making the total area of the Special Economic Zone as 1377.4622 hectares at Jamnagar, in the State of Gujarat
May 1, 2025

SEZ

- Central Government de-notifies an area of 529.4586 hectares, thereby making resultant area as 1152.9445 hectares at Village Dahej, Ambheta, Luvara, Suva, Lakhigam and Jageshwar in Taluk Vagra, District Bharuch in the State of Gujarat
May 1, 2025

IT

- CBDT has notified the ITR-5 Form for Assessment Year 2025 26 under the Income-tax (Fourteenth Amendment) Rules, 2025.
May 1, 2025

SEBI

- Securities Contracts (Regulation) (Stock Exchanges And Clearing Corporations) (Third Amendment) Regulations, 2025.
April 30, 2025

SEBI

- Securities and Exchange Board of India (Depositories and Participants) (Second Amendment) Regulations, 2025
April 30, 2025

IT

- CBDT has notified the ITR-3 Form for Assessment Year 2025 26 under the Income-tax (13th Amendment) Rules, 2025
April 30, 2025

Cus (NT)

- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
April 30, 2025

Cus

- Seeks to amend Notification no. 27/2011-customs dated 1 st March, 2011 and Notification No. 22/2024-Customs, dated 2 nd April, 2024 to align them with the changes made in the Second Schedule to the Customs Tariff Act.
April 30, 2025

Cus

- Seeks to amend Second Schedule to the Customs Tariff Act, to align it with changes made in the First Schedule to the Customs Tariff Act vide Finance Act, 2025.
April 30, 2025

Cus

- Seeks to rescind Notification No. 04/2025-Customs dated the 1st February, 2025 - Withdrawal of exemption from the import duty on goods since the BCD (Tariff) itself has been rationalized w.e.f. 1.5.2025
April 30, 2025

Cus

- Seeks to amend various Customs Notifications to align them with changes made vide Finance Act, 2025
April 30, 2025

More Notifications

Circulars/ Public Notices Circulars/ Public Notices

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

- 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

SEBI

- Extension of timeline for implementation of provisions of SEBI Circular dated December 10, 2024, on optional T+0 settlement cycle for Qualified Stock Brokers (QSBs)
April 29, 2025

SEBI

- Clarificatory and Procedural changes to aid and strengthen ESG Rating Providers (ERPs)
April 29, 2025

SEBI

- Timelines for collection of Margins other than Upfront Margins Alignment to settlement cycle
April 28, 2025

Customs

- Closing of the Integrated Check Post Attari for all types of incoming and outgoing passengers and movement of goods
April 26, 2025

Customs

- Requirement of CITES Export permit or CITES Reexport certificate for agarwood products
April 25, 2025

Customs

- Simplification of procedures related to Air Cargo Movement & Transhipment
April 25, 2025

FEMA

- Amendments to Directions - Compounding of Contraventions under FEMA, 1999
April 24, 2025

DGFT

- Fixation of one new Standard Input Output Norms (SIONs) at SION A-3685 under 'Chemical and Allied Product' (Product Code 'A').
April 24, 2025

DGFT

- Inputs on Amendments for Export of SCOMET Items for 'Testing and Evaluation' purposes
April 23, 2025

More Circulars

News News, PIB

CBI arrests an Inspector of Central Goods & Service Tax (CGST), Regional GST Office, Prayagraj (UP) for demanding and accepting bribe amount of Rs. 10,000/- from the complainant
May 6, 2025


Secretary, DFS reviews performance of Regional Rural Banks (RRBs) and progress on amalgamation plan
May 6, 2025


India s first mortgage backed Pass Through Certificates listed on the National Stock Exchange
May 6, 2025


Sitharaman meets ADB chief and Italian FM, discusses economic issues; no mention of Pakistan
May 5, 2025


RBI adds 25 tonne of gold in second half of FY25
May 5, 2025


Small-scale industrialists from Marathwada demand competitive power tariff, GST tribunal
May 5, 2025


RBI may effect cumulative rate cut of 125-150 bps in FY26, says SBI study
May 5, 2025


Strengthening India-Belgium Partnership: Shri Piyush Goyal Meets Belgian Minister of Foreign Trade Mr. Theo Francken and Minister-President of Flanders Mr. Matthias Diependaele
May 5, 2025


APEDA mulls Export Growth Strategy for Agri and Processed Foods, calls stakeholders for a Chintan Shivir
May 5, 2025


Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to attend ADB s Annual Meeting in Milan, Italy, from 4th to 7th May 2025
May 5, 2025


Government Prohibits Import of All Goods Originating in or exported from Pakistan to India
May 5, 2025


India's 'MICE' industry set to be major economic driver, generate high-quality jobs: Shekhawat
May 4, 2025


SC reconstitutes three-judge bench to hear pleas against 2022 verdict upholding ED powers
May 4, 2025


Monitor top advance tax payers, check fake claims: CBDT to I-T dept
May 4, 2025


Faceless GST system needed; Rs 80,000 cr GST dues must be resolved: Delhi CM Rekha Gupta
May 3, 2025


More News

Forum - Popular issues Discussion Forum - queries and issues

Forum - Recent Replied Issues

 

Latest Case Laws Latest Case Laws

 

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

 

 

 

Quick Updates:Latest Updates