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

Government designates Principal District and Sessions Judge as Special Court under Section 43(1) of PMLA for Goa money laundering cases
July 15, 2025   Notifications     Money Laundering

Government expands jurisdiction of Special Courts for PMLA cases under Section 43(1) to cover all CBI investigations in Andhra Pradesh
July 15, 2025   Notifications     Money Laundering

Central Government Revises PMLA Court Jurisdiction Under Section 43(1) for Streamlined Case Handling
July 15, 2025   Notifications     Money Laundering

Government Adds Four Special Courts for PMLA Cases in Rajasthan Under Section 43(1) Notification Amendment
July 15, 2025   Notifications     Money Laundering

IBBI Withdraws Form IP-1 Requirement for Insolvency Professionals Under Section 196 of IBC
July 15, 2025   Circulars     IBC

Customs launches ICETAB app for real-time electronic export clearance reports under ICES system integration
July 15, 2025   Circulars     Customs

Importers and Exporters Must Submit Detailed Chemical Documents and Samples Under New Directive
July 15, 2025   Circulars     Customs

Secured creditors have priority under Section 26E SARFAESI Act over CGST dues for asset recovery
July 15, 2025   Case Laws     GST

Section 80JJAA(2)(c) Requires Timely Accountant Report Filing by Section 44AB Deadline for Deduction Claims
July 15, 2025   Case Laws     Income Tax

Delay of 204 Days in Filing Appeals Under Section 46 of Benami Act Can Be Condoned if Sufficient Cause Shown
July 15, 2025   Case Laws     Benami Property

Section 7 Application Dismissed for Non-Compliance with IBC Amendment Thresholds and Settlement Terms Enforced
July 15, 2025   Case Laws     IBC

ITAT Upholds AO's Order, Rejects Section 14A Disallowance for AY 2020-21 and 2021-22
July 15, 2025   Case Laws     Income Tax

Consistency upheld for presumptive income under section 44AD; addition under section 69A disallowed due to valid business proof
July 15, 2025   Case Laws     Income Tax

CSR Expenses Allowed Under Section 80G; ESOP Assessment Set Aside for Lack of Inquiry Under Section 263
July 15, 2025   Case Laws     Income Tax

NCLAT Upholds CoC's Commercial Wisdom Under IBC, Quashes Tribunal's Rejection of Resolution Plan
July 15, 2025   Case Laws     IBC

Assessment order under Section 144 and 147 invalid due to lack of proper notice service on legal heirs
July 15, 2025   Case Laws     Income Tax

Assessment reopening for unexplained cash deposits over Rs. 1 lakh quashed due to factual errors and lack of proper analysis under Section 147.
July 15, 2025   Case Laws     Income Tax

Refund of input tax credit limited to tax rate on principal input under Section 54(3)(ii) and Circular 135/05/2020
July 15, 2025   Case Laws     GST

Reopening Assessment Under Section 147/148 Without New Evidence Is Unjustified; Escrow Amount Not Taxable Yet
July 15, 2025   Case Laws     Income Tax

Ex-Parte Assessment Order Quashed for Violating Natural Justice Under Section 75(4) BGST Act 2017
July 15, 2025   Case Laws     GST

ITAT Restores Appeal for Fresh Hearing Under Section 250 After Non-Speaking Order in Demonetization Case
July 15, 2025   Case Laws     Income Tax

NCLAT Upholds Revival of Corporate Insolvency Petition Despite Settlement Non-Compliance Under IBC Section 7
July 15, 2025   Case Laws     IBC

IRP Fees and Expenses Upheld Despite Non-Ratification Claim Under Section 196 and Regulation 33(3)
July 15, 2025   Case Laws     IBC

Writ Petition Dismissed on GST Registration Cancellation Under Section 73; Appeal Allowed for Interest and Penalty Issues
July 15, 2025   Case Laws     GST

HC orders fresh FMV assessment under Section 50CA for withholding tax; AO to reconsider under Rule 11UA
July 15, 2025   Case Laws     Income Tax

More Highlights

Articles Articles, Tax Laws, GST

Short Notes Short Notes

Disclosure Norms for Indian Concerns in Cross-Border Transactions : Clause 506 of the Income Tax Bill, 2025 Vs. Section 285A of the Income Tax Act, 1961
Statutory Reporting by Non-Resident Liaison Offices : Clause 505 of the Income Tax Bill, 2025 Vs. Section 285 of the Income-tax Act, 1961
Procedural Safeguards for Assessment of Discontinued Businesses : Clause 504 of the Income Tax Bill, 2025 Vs. Section 284 of the Income-tax Act, 1961
Continuity of Tax Proceedings after Partition or Dissolution : Clause 503 of the Income Tax Bill, 2025 Vs. Section 283 of the Income-tax Act, 1961
Analysis of Authentication of Notices in Indian Income Tax Legislation : Clause 502 of Income Tax Bill, 2025 Vs. Section 282A of the Income-tax Act, 1961
Legal and Practical Dimensions of Service of Notices under Indian Tax Law : Clause 501 of the Income Tax Bill, 2025 Vs. Section 282 of the Income-tax Act, 1961
Power to provisionally attach property during tax proceedings : Clause 500 of the Income Tax Bill, 2025 Vs. Section 281B of the Income-tax Act, 1961
Voidable Transfers in Tax Law : Clause 499 of the Income Tax Bill, 2025 Vs. Section 281 of the Income-tax Act, 1961
Changing Face of Criminal Procedure in Income Tax Offence Prosecution : Clause 498 of Income Tax Bill, 2025 Vs. Section 280D of Income-tax Act, 1961
Procedural Reform in Tax Offence Trials : Clause 497 of the Income Tax Bill, 2025 Vs. Section 280C of the Income-tax Act, 1961
Jurisdictional Framework for Tax Prosecutions : Clause 496 of the Income Tax Bill, 2025 Vs. Section 280B of the Income-tax Act, 1961
Designation and functioning of Special Courts for the trial of offences under the proposed legislation : Clause 495 of the Income Tax Bill, 2025 Vs. Section 280A of the Income-tax Act, 1961
Legal Protections against Unauthorized Disclosure in Indian Tax Law : Clause 494 of Income Tax Bill, 2025 Vs. Section 280 of Income-tax Act, 1961
Proof of Official Entries in Tax Prosecutions : Clause 493 of the Income Tax Bill, 2025 Vs. Section 279B of the Income Tax Act, 1961
Comparative Review of Non-Cognizable Offences in Indian Income Tax Legislation : Clause 492 of the Income Tax Bill, 2025 Vs. Section 279A of the Income-tax Act, 1961
Safeguards and Procedures in Income Tax Prosecution : Clause 491 of the Income Tax Bill, 2025 Vs. Section 279 of the Income Tax Act, 1961
Judicial and Legislative Perspectives on Mens Rea in Income Tax Prosecutions :Clause 490 of the Income Tax Bill, 2025 Vs. Section 278E of the Income Tax Act, 1961
Presumptions in Tax Offence Prosecutions : Clause 489 of the Income Tax Bill, 2025 Vs. Section 278D of the Income-tax Act, 1961
Karta and Member Liability for Tax Offences : Clause 488 of the Income Tax Bill, 2025 Vs. Section 278C of the Income-tax Act, 1961
Directors' and Officers' Liability for Corporate Tax Offences : Clause 487 of the Income Tax Bill, 2025 Vs. Section 278B of the Income-tax Act, 1961
Balancing Deterrence and Fairness : Clause 486 of Income Tax Bill, 2025 Vs. Section 278AA of Income-tax Act, 1961
Enhanced Penalties for Repeat Tax Offenders specified under Indian Tax Law: Clause 485 of the Income Tax Bill, 2025 Vs. Section 278A of the Income-tax Act, 1961
Penal Provision for abetment in relation to the making and delivering of false returns - Clause 484 of the Income Tax Bill, 2025 Vs. Section 278 of the Income-tax Act, 1961
Penal Provision for Offences Relating to Falsification of Books in Indian Tax Law : Clause 483 of the Income Tax Bill, 2025 Vs. Section 277A of the Income-tax Act, 1961
Prosecution for False Verification under Indian Tax Statutes : Clause 482 of the Income Tax Bill, 2025 Vs. Section 277 of the Income-tax Act, 1961

More Notes

Notifications Notifications

IT

- Exemption from specified income U/s 10(46) of IT Act 1961 - District Legal Service Authority
July 14, 2025

IT

- Exemption from specified income U/s 10(46) of IT Act 1961 - Baddi Barotiwala Nalagarh Development Authority
July 14, 2025

PMLA

- Designation of a Special Court under the Prevention of Money-laundering Act, 2002 (PMLA) for State of Goa - Amendment in Notification No. S.O. 372(E), dated the 5th February, 2016
July 11, 2025

PMLA

- Designation of a Special Court under the Prevention of Money-laundering Act, 2002 (PMLA) for State of Rajasthan - Amendment in Notification No. S.O. 372(E), dated the 5th February, 2016
July 11, 2025

PMLA

- Designation of a Special Court under the Prevention of Money-laundering Act, 2002 (PMLA) for State of Telangana - Amendment in Notification No. S.O. 372(E), dated the 5th February, 2016
July 11, 2025

PMLA

- Designation of a Special Court under the Prevention of Money-laundering Act, 2002 (PMLA) for State of Andhra Pradesh - Amendment in Notification No. S.O. 372(E), dated the 5th February, 2016
July 11, 2025

IT

- Extension of Tax Exemption Period u/s 10(23FE) till 31st March, 2030 - Notification for Further Amendment to CBDT Notification No. 86/2022, dated the 21st July, 2022
July 11, 2025

IT

- Extension of Tax Exemption Period u/s 10(23FE) till 31st March, 2030 - Notification for Further Amendment to CBDT Notification No. 69/2022, dated 27th June, 2022
July 11, 2025

IT

- Extension of Tax Exemption Period u/s 10(23FE) till 31st March, 2030 - Notification for Further Amendment to CBDT Notification No. 130/2021, dated 2nd November, 2021.
July 11, 2025

IT

- Extension of Tax Exemption Period u/s 10(23FE) till 31st March, 2030 - Notification for Further Amendment to CBDT Notification No. 114/2021, dated 20th September, 2021
July 11, 2025

IT

- Extension of Tax Exemption Period u/s 10(23FE) till 31st March, 2030 - Notification for Further Amendment to CBDT Notification No. 112/2021, dated 16th September, 2021
July 11, 2025

IT

- Extension of Tax Exemption Period u/s 10(23FE) till 31st March, 2030 - Notification for Further Amendment to CBDT Notification No. 111/2021, dated 16th September, 2021
July 11, 2025

IT

- Extension of Tax Exemption Period u/s 10(23FE) till 31st March, 2030 - Notification for Further Amendment to CBDT Notification No. 84/2021, dated 3rd August, 2021
July 11, 2025

IT

- Extension of Tax Exemption Period u/s 10(23FE) till 31st March, 2030 - Notification for Further Amendment to CBDT Notification No. 67/2021 dated 17th May, 2021
July 11, 2025

IT

- Extension of Tax Exemption Period u/s 10(23FE) till 31st March, 2030 - Notification for Further Amendment to CBDT Notification No. 66/2021 dated 13th May, 2021
July 11, 2025

More Notifications

Circulars/ Public Notices Circulars/ Public Notices

DGFT

- Clarification regarding Export of "Organic Textiles"
July 15, 2025

Customs

- Ensuring adherence of Indian Standard of respective Input material of Steel and Steel Products intended for import which are notified in QCO and requires mandatory registration on SIMS portal
July 15, 2025

DGFT

- Inputs on Draft Internal Compliance Programme Document for adoption by Industry for export of dual use(SCOMET) items
July 14, 2025

IBC

- Withdrawal of Form IP-1 for assignments under IBC Processes
July 14, 2025

Customs

- Amendment in Import Policy of specified items covered under Chapter 71 of ITC (HS) 2022 of Schedule-I (Import Policy).
July 9, 2025

Customs

- Setting up of "Trade Facilitation Centre" at Custom House, Chennai
July 8, 2025

DGFT

- Fixation of new Standard Input Output Norms (SIONs) at SION (A-3687, A-3688 and A-3689 under 'Chemical and Allied Product' (Product Code 'A')
July 8, 2025

DGFT

- Procedure for filing application for obtaining Import Authorisation for import of Low Ash Metallurgical Coke subject to Country-wise Quantitative Restrictions (QR)
July 2, 2025

SEBI

- Ease of Doing Investment Special Window for Re-lodgement of Transfer Requests of Physical Shares
July 2, 2025

Customs

- Launch of ICETAB for filing Examination report for Export clearance - Reg.
July 2, 2025

Customs

- Registration of Importers of Plastic Raw Material on Centralized EPR Portal for Plastic Packaging as per Plastic Waste Management Rules, 2016 (as amended)
July 2, 2025

Customs

- Port restriction on import of certain goods from Bangladesh to India under ITC (HS), 2022 Schedule 1 (Import Policy)
July 1, 2025

Income Tax

- Clarification regarding CBDT's Circular No. 5/2025 dated 28.03.2025 for waiver on levy of interest under section 201(1A)(ii)/ 206C(7) of the Income-tax Act, 1961, as the case may be, in specific cases
July 1, 2025

SEBI

- Extension towards Adoption and Implementation of Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI Regulated Entities (REs)
June 30, 2025

Customs

- Discontinuation of Service Centre after 30.06.2025 - Reg.
June 27, 2025

More Circulars

News News, PIB

ED attaches assets worth over Rs 4 crore in case against late Mukhtar Ansari
July 15, 2025


Non-updation of biometrics of children above 7 yrs age may lead to Aadhaar deactivation
July 15, 2025


Russian Foreign Minister Lavrov dismisses Trump's tariff threat
July 15, 2025


Brazil's Bolsonaro echoes Trump by describing coup plot trial as 'witch hunt'
July 15, 2025


Kremlin accuses Europe of continuation of war against Russia
July 15, 2025


JP Morgan posts strong second quarter numbers, though Dimon warns of tariff, geopolitical risk
July 15, 2025


CERC rejects CESC s 300 MW hybrid power tariff bid over procedural lapses
July 15, 2025


The cumulative exports (merchandise & services) during April-June 2025 is estimated at US$ 210.31 Billion, as compared to US$ 198.52 Billion in April-June 2024, an estimated growth of 5.94%.
July 15, 2025


Tesla drives into India via import route with Model Y price starting at Rs 59.89 lakh
July 15, 2025


Exports remain flat in June at USD 35.14 bn; trade deficit narrows to 4-month low at USD 18.78 bn
July 15, 2025


Economy to grow at 6.5 pc in FY26 despite global tensions, trade uncertainties: EAC-PM chairman
July 15, 2025


Stock markets cut short four-day decline; Sensex rises 317 pts on gains in auto, pharma shares
July 15, 2025


World shares mostly higher although worries continue over Trump's tariffs
July 15, 2025


Exports remain flat in June at USD 35.14 bn; trade deficit at USD 18.78 bn
July 15, 2025


ED raids in 'dabba trading', online betting case in Mumbai
July 15, 2025


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