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

NCLAT overturns dismissal of Section 7 petition, rules no discretion to refuse admission when debt default established
July 4, 2025   Case Laws     IBC

PCIT's mechanical approval without proper examination invalidates Section 148 reassessment proceedings
July 4, 2025   Case Laws     Income Tax

Business payments to parent company in normal course don't qualify as deemed dividend under section 2(22)(e) (22)(e)
July 4, 2025   Case Laws     Income Tax

AAR exempts subsidised canteen charges from GST under Factories Act statutory obligations framework
July 4, 2025   Case Laws     GST

Income tax notices under sections 142, 144, 144B, and 147 upheld despite shortened response time
July 4, 2025   Case Laws     Income Tax

GST officer's tax determination invalid due to improper show cause notice and denial of hearing opportunity under Section 73 and 75
July 4, 2025   Case Laws     GST

Registration cancellation overturned as suspension prevents tax recovery without evidence of evasion practices
July 4, 2025   Case Laws     GST

Central excise authority cannot claim secured creditor status under Section 11E for tax recovery in insolvency proceedings
July 4, 2025   Case Laws     IBC

ITAT remands unexplained cash deposits case involving toddy sale proceeds from cooperative societies for fresh examination
July 4, 2025   Case Laws     Income Tax

Assessee's appeal dismissed for failing to file return and challenge section 68 additions with proper documentation
July 4, 2025   Case Laws     Income Tax

CESTAT upholds service tax on upfront fees under Concession Agreements as taxable leasing services under Section 65(90a)
July 4, 2025   Case Laws     Service Tax

Film exhibitors paying distributors for screening rights not taxable as property rental service under Section 65(90a)
July 4, 2025   Case Laws     Service Tax

Assessee wins against double taxation of INR 6.90 crores differential amount under section 143(1) processing error
July 4, 2025   Case Laws     Income Tax

Trust registration under section 12AB cannot be rejected for minor procedural errors in form filing
July 4, 2025   Case Laws     Income Tax

ITAT allows appeal, deletes interest expenditure disallowance after finding funds used for legitimate business purposes
July 4, 2025   Case Laws     Income Tax

Taxpayer wins appeal as entire gross receipts wrongly treated as income under section 143(1) without considering allowable expenditures
July 4, 2025   Case Laws     Income Tax

Tax notice quashed for improper sanction authority under Section 148 beyond three-year period
July 4, 2025   Case Laws     Income Tax

Customs confiscation of imported intra ocular lenses overturned due to valid licence and improper valuation methods
July 4, 2025   Case Laws     Customs

Export unit wins appeal on bus bar classification and duty recovery without proven diversion from manufacturing use
July 4, 2025   Case Laws     Customs

CESTAT remands customs classification case for fresh decision on non-conventional energy device exemption eligibility
July 4, 2025   Case Laws     Customs

Lithium-ion batteries for mobile phone manufacturing qualify for 12% IGST under Serial No. 203, specific end-use provisions override general classification rules.
July 4, 2025   Case Laws     Customs

HC upholds provisional attachment order under PMLA for properties despite FIRs registered after purchase
July 4, 2025   Case Laws     Money Laundering

Petitioner lacks standing to challenge money laundering investigation into Rs. 600 crores IREO Group case
July 4, 2025   Case Laws     Money Laundering

Appellant wins service tax exemption for construction work under government authority notification 25/2012-ST
July 4, 2025   Case Laws     Service Tax

Customs exemption denied for imported machinery after project certificate cancellation due to fraudulent duty evasion under Section 28AA
July 4, 2025   Case Laws     Customs

More Highlights

Articles Articles, Tax Laws, GST

Short Notes Short Notes

Administrative Efficiency vs. Judicial Oversight : Clause 381 of the Income Tax Bill, 2025 Vs. Section 245OB of the Income-tax Act, 1961
Changing Landscape of Advance Rulings in Indian Tax Law : Clause 380 of the Income Tax Bill, 2025 Vs. Section 245N of the 1961 Act
Evolving ADR Mechanisms in Indian Taxation : Clause 379 of the Income Tax Bill, 2025 Vs. Section 245MA of the Income Tax Act, 1961
Set-off and Withholding of Tax Refunds : Clause 438 of the Income Tax Bill, 2025 Vs. Section 245 of the Income-tax Act, 1961
Change in the Interest on Tax Refunds under Indian Income Tax Law : Clause 437 of the Income Tax Bill, 2025 Vs. Section 244A of the Income-tax Act, 1961
Limits on Challenging Completed Assessments in Refund Proceedings : Clause 436 of Income Tax Bill, 2025 Vs. Section 242 of Income-tax Act, 1961
Automatic Refunds under Indian Income Tax Law : Clause 435 of the Income Tax Bill, 2025 Vs. Section 240 of the Income-tax Act, 1961
Procedural and Substantive Aspects of TDS Refunds : Clause 434 of Income Tax Bill, 2025 Vs. Section 239A of the Income-tax Act, 1961
Limitation, Procedure, and Rights of Refund Claims in Indian Tax Law : Clause 433 of the Income Tax Bill, 2025 Vs. Section 239 of the Income Tax Act, 1961
Refund Entitlement in Special Cases (Death, Incapacity, Insolvency, Liquidation, or Other Causes) : Clause 432 of the Income Tax Bill, 2025 and Section 238 of the Income-tax Act, 1961
Statutory Safeguards for Taxpayer Refunds : Clause 431 of Income Tax Bill, 2025 vs. Section 237 of Income-tax Act, 1961
Comparative Legal Analysis of Aadhaar Intimation Fee Provisions : Clause 430 of the Income Tax Bill, 2025 Vs. Section 234H of the Income-tax Act, 1961
Compliance Fee for Delay in Furnishing Statements and Certificates : Clause 429 of Income Tax Bill, 2025 Vs. Section 234G of Income-tax Act, 1961
Fee for Delay in Income Tax Return Filing under Indian Income Tax Law : Clause 428 of the Income Tax Bill, 2025 Vs. Section 234F of the Income-tax Act, 1961
Fee for Default in Furnishing Statements of TDS/TCS : Clause 427 of the Income Tax Bill, 2025 Vs. Section 234E of the Income-tax Act, 1961
Legal and Practical Implications of Charging Interest on Excess Refunds under the Income Tax Regime : Clause 426 of the Income Tax Bill, 2025 Vs. Section 234D of the Income-tax Act, 1961
Modernizing Interest Provisions for Advance Tax : Clause 425 of the Income Tax Bill, 2025 Vs. Section 234C of the Income-tax Act, 1961
Modernizing Interest Liability for Advance Tax Defaults : Clause 424 of the Income Tax Bill, 2025 vs. Section 234B of the Income-tax Act, 1961
Interest for Defaults in Furnishing Return of Income : Clause 423 of the Income Tax Bill, 2025 Vs. Section 234A of the Income Tax Act, 1961
Government's Rights to Recover Tax Arrears : Clause 421 of the Income Tax Bill, 2025 Vs. Section 232 of the Income-tax Act, 1961
Delegated Powers in Indian Tax Law : Clause 532 of the Income Tax Bill, 2025 Vs. Section 231 of the Income Tax Act, 1961
Legal and Practical Perspectives on Tax Clearance for Departing Individuals under Indian Tax Law : Clause 420 of the Income Tax Bill, 2025, Vs. Section 230 of the Income-tax Act, 1961
Uniform Recovery Mechanisms in Indian Tax Law : Clause 419 of the Income Tax Bill, 2025 vs. Section 229 of the Income-tax Act, 1961
International Tax Recovery Mechanisms under Indian Law : Clause 418 of the Income Tax Bill, 2025 Vs. Section 228A of the Income Tax Act, 1961
Evaluating the Mechanism for Income Tax Recovery via State Governments in India : Clause 417 of the Income Tax Bill, 2025 Vs. Section 227 of the Income-tax Act, 1961

More Notes

Notifications Notifications

CVD

- Seeks to impose CVD on Continuous Cast Copper Wire Rods originating in or exported from Indonesia, Malaysia, Thailand and Vietnam
July 3, 2025

IT

- Exemption from specified income U/s 10(46) of IT Act 1961 - Karnataka State Pollution Control Board
July 2, 2025

IT

- Amendment in Notification No. 44/2017 dated 5th June, 2017 - Cost inflation Index for the F.Y. Year 2025-26
July 1, 2025

Cus (NT)

- Appointment of Common Adjudicating Authority for the purpose of finalization of Provisional Assessment in SVB case w.r.t. M/s MB Crusher
June 30, 2025

Cus (NT)

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

Cus

- Seeks to amend Notification No. 130/2010-Customs, dated the 23rd December, 2010 - Exemption from Additional duty on specified goods by designated airlines when imported from specified countries
June 30, 2025

FTP

- Extension in Minimum Import Price (MIP) Condition on import of Soda Ash covered under Chapter 28 of ITC (HS) 2022, Schedule-I (Import Policy)
June 30, 2025

FTP

- Continuation of imposition of Quantitative Restriction on import of Low Ash Metallurgical Coke under Chapter 27 of ITC (HS) 2022, Schedule - I (Import Policy)
June 30, 2025

Co. Law

- Companies (Restriction on number of layers) Amendment Rules, 2025
June 27, 2025

Co. Law

- Companies (Incorporation) Amendment Rules, 2025
June 27, 2025

FTP

- Port restriction on import of certain goods from Bangladesh to India under ITC (HS), 2022 Schedule 1 (Import Policy)
June 27, 2025

CVD

- Seeks to impose CVD on Digital Offset Printing Plates, originating in or exported from China PR and Taiwan
June 27, 2025

ADD

- Seeks to impose Anti Dumping Duty on imports of Plastic Processing Machines originating in, or exported from China PR and Taiwan for a period of 5 years
June 26, 2025

CVD

- Seeks to impose CVD on imports of " Effect pearlescent pigments or mica pearlescent pigments, excluding effect pigments for automotive applications " originating in or exported from China PR for a period of 5 years
June 26, 2025

FTP

- Corrigendum to Notification No. 18/2025-26 dated 17.06.2025 on amendment in Import Policy of specific items covered under Chapter 71 of ITC (HS) 2022 of Schedule -I (Import Policy)
June 25, 2025

More Notifications

Circulars/ Public Notices Circulars/ Public Notices

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

- 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

SEBI

- Timelines for rebalancing of portfolios of mutual fund schemes in cases of all passive breaches
June 26, 2025

SEBI

- Industry Standards on Minimum information to be provided to the Audit Committee and Shareholders for approval of Related Party Transactions
June 26, 2025

DGFT

- Amendment under Appendix 2T (List of Export Promotion Councils/Commodity Boards/Export Development Authorities) of Appendices and ANFs of FTP 2023
June 25, 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 25, 2025

Income Tax

- Relaxation of time limit for processing of valid returns of income filed electronically pursuant to order u/s 119(2)(b) of the Income-tax Act, 1961 passed by Competent Authority
June 25, 2025

FEMA

- Extension of the validity of FCRA registration certificates
June 24, 2025

GST

- Reviewing authority, Revisional Authority and Appellate Authority in respect of orders passed by Common Adjudicating Authority (CAA) for show cause notices issued by DGGI
June 24, 2025

Customs

- Extension of validity of the NOC for the Alcoholic Beverages Bottled in Origin & in Bulk
June 20, 2025

Customs

- Amendment in Import Policy of items covered under CTH 2843 under Chapter 28 of ITC (HS) 2022 of Schedule-I (Import Policy)
June 20, 2025

More Circulars

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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.

- Swami Vivekananda, CW, 5:137

 

 

 

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