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

Central Government exempts Industrial Development Authority from income tax under Section 10(46A) from AY 2024-25
July 18, 2025   Notifications     Income Tax

Officer appointed as common adjudicating authority for provisional assessments under Customs Act, 1962, for two show cause notices
July 18, 2025   Notifications     Customs

SEBI updates certification rules for associated persons under 2007 regulations, streamlining requirements and oversight
July 18, 2025   Notifications     SEBI

Payments for e-invoicing services don't qualify as Fees for Technical Services under Article 13(4)(c) India-UK DTAA
July 18, 2025   Case Laws     Income Tax

Unsecured Loan Not Unexplained Income Without Proper Evidence Under Section 69A and 115BBE
July 18, 2025   Case Laws     Income Tax

Section 263 Revision Not Allowed If Assessing Officer Conducted Detailed Enquiry and Took Plausible View
July 18, 2025   Case Laws     Income Tax

Appellate Authority Violated Natural Justice by Denying Hearing Before Rejecting ITC Use for 10% Pre-Deposit Under Section 107(6)
July 18, 2025   Case Laws     GST

Penalty Deleted Under Sections 271(1)(c) and 115JB Due to Lack of Evidence and Debatable Issues
July 18, 2025   Case Laws     Income Tax

Assessment framed without jurisdiction under Section 143(3) is void; all related proceedings quashed and appeal allowed.
July 18, 2025   Case Laws     Income Tax

Search ended March 26, 2021; restraint order under Section 132(3) invalid, limiting assessment under Section 153B
July 18, 2025   Case Laws     Income Tax

Reopening Assessment Invalid Without Proper Sanction Under Section 151 and Failure to Communicate Reasons Violates Procedure
July 18, 2025   Case Laws     Income Tax

SC rejects delay condonation in SLP against reopening assessment under Section 147 for undisclosed income from trading
July 18, 2025   Case Laws     Income Tax

Sleeping Partner Denied Tax Info Disclosure for Private Arbitration Under Section 138(1)(b) of Income Tax Act
July 18, 2025   Case Laws     Income Tax

ITAT Sets Aside Denial of LTCG Exemption Under Section 10(38) Due to Natural Justice Violation
July 18, 2025   Case Laws     Income Tax

Assessment reopening under Section 147 quashed for dissolved firm; no valid notice under Section 148 and no unexplained cash credit under Section 68
July 18, 2025   Case Laws     Income Tax

Foreign-Going Vessel's Bunker Fuel (Oil) Use Exempt from Customs Duty Under Section 87, Penalty Set Aside
July 18, 2025   Case Laws     Customs

CESTAT Allows Drawback Shipping Bill Conversion Under Circular 36/2010-Cus for GST Transition Period Exports
July 18, 2025   Case Laws     Customs

Show Cause Notices Quashed Under Companies Act for New Management Post-Liquidation even if sold as a going concern
July 18, 2025   Case Laws     Companies Law

Offence is compoundable; criminal prosecution doesn't bar compounding application under invalid Clause 7(ii)
July 18, 2025   Case Laws     Income Tax

Alternate exemption benefit on Import: CESTAT Orders Fresh Duty Determination U/s 149 154, Quashes Large Demands.
July 18, 2025   Case Laws     Customs

Moratorium under Section 14 IBC bars creditor recovery but excludes co-applicant payments from reversal under Section 43
July 18, 2025   Case Laws     IBC

Tax Demand Correction Allowed Under Second Proviso to Section 161 of the Act, Overturning Limitation Period
July 18, 2025   Case Laws     GST

Appellant's claim under MOU upheld; Section 40(a)(ii) additions dismissed as already adjusted in return
July 18, 2025   Case Laws     Income Tax

Claims filed after liquidation completion barred under Section 59 of IBC and three-year limitation under Article 137
July 18, 2025   Case Laws     IBC

Seizure of Rs. 65 Lakhs Upheld Under PMLA Section 50 Due to Failure to Prove Lawful Source
July 18, 2025   Case Laws     Money Laundering

More Highlights

Articles Articles, Tax Laws, GST

Short Notes Short Notes

Legislative Scrutiny of Delegated Legislation in Indian Tax Law : Clause 534 of the Income Tax Bill, 2025 Vs. Section 296 of the Income-tax Act, 1961
Rule-Making Powers under Indian Income Tax Law : Clause 533 of the Income Tax Bill, 2025 Vs. Section 295 of the Income Tax Act, 1961
The Legal Evolution of Tax Exemptions for Union Territories : Clause 531 of the Income Tax Bill, 2025 Vs. Section 294A of the Income-tax Act, 1961
Evolution and Analysis of Interim Tax Charging Provisions : Clause 530 of the Income Tax Bill, 2025 Vs. Section 294 of the Income-tax Act, 1961
Evolution of Executive Scheme-Making Powers in Indian Income Tax Law : Clause 532 of the Income Tax Bill, 2025 Vs. Section 293D of the Income-tax Act, 1961
Withdrawal of Statutory Approvals under Indian Income Tax Law : Clause 529 of the Income Tax Bill, 2025 Vs. Section 293C of the Income-tax Act, 1961
Legal Perspectives on Condonation of Delay in Income Tax Approvals : Clause 528 of Income Tax Bill, 2025 Vs. Section 293B of Income-tax Act, 1961
Executive Discretion and Tax Incentives in India's Mineral Oil Sector : Clause 527 of the Income Tax Bill, 2025 Vs. Section 293A of the Income Tax Act, 1961
Immunity and Jurisdictional Bar in Tax Administration : Clause 526 of the Income Tax Bill, 2025 Vs. Section 293 of the Income-tax Act, 1961
Authorisation and Assessment in Multi-Person Search Cases : Clause 525 of the Income Tax Bill, 2025 Vs. Section 292CC of the Income Tax Act, 1961
Rebuttable Presumptions in Tax Searches : Clause 524 of the Income Tax Bill, 2025 Vs. Section 292C of the Income-tax Act, 1961
Deeming Service of Notice in Tax Proceedings Under Income Tax Law : Clause 523 of the Income Tax Bill, 2025 Vs. Section 292BB of the Income-tax Act, 1961
Technicalities vs. Substantive Justice : Clause 522 of the Income Tax Bill, 2025 Vs. Section 292B of the Income-tax Act, 1961
Exclusion of Probationary Relief for Tax Offenders : Clause 521 of the Income Tax Bill, 2025 Vs. Section 292A of the Income-tax Act, 1961
Jurisdictional Thresholds for Tax Offence Trials : Clause 520 of the Income Tax Bill, 2025 Vs. Section 292 of the Income-tax Act, 1961
Immunity from Prosecution under Income Tax Law : Clause 519 of the Income Tax Bill, 2025 Vs. Section 291 of the Income-tax Act, 1961
Practical Impact of Indemnity Provisions in Indian Tax Statutes : Clause 518 of the Income Tax Bill, 2025 Vs. Section 290 of the Income-tax Act, 1961
Legal Mandate for Receipts in Indian Tax Law : Clause 517 of the Income Tax Bill, 2025 Vs. Section 289 of the Income-tax Act, 1961
Evolution of Rounding Off Provisions regarding tax payable in Indian Tax Law : Clause 516 of the Income Tax Bill, 2025 Vs. Section 288B of the Income-tax Act, 1961
Legal Framework of Rounding Off Total Income in India tax Law : Clause 516 of the Income Tax Bill, 2025 Vs. Section 288A of the Income-tax Act, 1961
The Right of Representation in Income Tax Proceedings : Clause 515 of the Income Tax Bill, 2025 Vs. Section 288 of the Income-tax Act, 1961
Analysis of Registered Valuer Representation in Income Tax Proceedings : Clause 513 of the Income Tax Bill, 2025 Vs. Section 287A of the Income-tax Act, 1961
Public Disclosure of Tax Offenders : Clause 512 of the Income Tax Bill, 2025 Vs. Section 287 of the Income-tax Act, 1961
Legal Framework for International Group Reporting : Clause 511 of the Income Tax Bill, 2025 Vs. Section 286 of the Income-tax Act, 1961
Digital Annual Information Transformation in Tax Administration : Clause 510 of the Income Tax Bill, 2025 Vs. Section 285BB of the Income-tax Act, 1961

More Notes

Notifications Notifications

FTP

- Corrigendum to Notification No. 21/2025-26 dated 27.06.2025 on Port restriction on import of certain goods from Bangladesh to India under ITC (HS), 2022 Schedule 1 (Import Policy)
July 17, 2025

IT

- Seeks to amend Notification No. 67/2018 dated 16th October, 2018 - Designation of the Court of Session as Special Court
July 17, 2025

IT

- Exemption from specified income U/s 10(46A) of IT Act 1961 - New Okhla Industrial Development Authority
July 17, 2025

Cus (NT)

- Appointment of Common Adjudicating Authority for the purpose of finalization of Provisional Assessment in SVB case w.r.t. M/s. Ammega Belting India Pvt. Ltd.
July 16, 2025

Cus (NT)

- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
July 15, 2025

ADD

- Change in Exporter s Name Relating to Anti-Dumping Duty on Hydrofluorocarbon (HFC) Component R-32 - Amendment in Notification No. 76/2021-Customs (ADD), dated the 22nd December, 2021
July 15, 2025

ADD

- Change in Exporter s Name Relating to Anti-Dumping Duty on Hydrofluorocarbon (HFC) Component R-32 - Amendment to Notification No. 75/2021-Customs (ADD), dated the 21st December, 2021
July 15, 2025

SEBI

- Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) (Amendment) Regulations, 2025
July 14, 2025

SEBI

- Application for renewal of recognition under Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018
July 14, 2025

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

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 Submission Requirement and Introduction of Revised Reporting Framework CP-1 to CP-5) under the Insolvency and Bankruptcy Code, 2016
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

- Introduction of ICETAB Mobile Application for Enhancing Paperless Export Examination and Clearance Process at Visakhapatnam Customs House
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

There should be no double standards on energy trade: India on EU sanctions targeting Russian energy sector
July 19, 2025


Ex-Chhattisgarh CM Bhupesh Baghel's son held in liquor scam case; ED cites 'active involvement'
July 18, 2025


Maharashtra excise department lapses have caused revenue loss of several crore rupees: CAG
July 18, 2025


Trump's pivot from aid to trade leaves Africa wary as it faces tariffs, uncertainty
July 18, 2025


ED files chargesheet against U'khand Cong leader Harak Singh Rawat, wife in PMLA case
July 18, 2025


MSCB scam: Court takes cognisance of ED chargesheet against Rohit Pawar; issues summons to him
July 18, 2025


Chhangur Baba, associates got funds worth Rs 60 Cr including from abroad: ED
July 18, 2025


IRS officer who arrested 2 CMs during ED stint resigns from service
July 18, 2025


Explore How Bajaj Finserv Gold Loan Works and Enjoy Assured Cashback Till 31st July During the Gold Loan Utsav
July 18, 2025


China pledges to crack down on illicit exports of rare earths, urges US to lift more trade controls
July 18, 2025


Catalysing Sustainable & Green Infrastructure Financing for Achieving Net Zero (Inaugural Address delivered by Shri M Rajeshwar Rao, Deputy Governor, Reserve Bank of India - July 03, 2025 - at the Conference on Green Infrastructure Finance at College of Agriculture Banking, RBI, Pune)
July 18, 2025


Union Minister Shri Piyush Goyal calls upon youth to be the architects of a Viksit Bharat by 2047
July 18, 2025


Forex reserves drop by USD 3 bln to USD 696.672 bln
July 18, 2025


InCorp Restructuring Enables India's Largest Slum Redevelopment through IBC Process, Benefiting Over 5,000 Families
July 18, 2025


Central agencies being misused to target oppn leaders, but will cooperate: Baghel on ED action
July 18, 2025


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