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

Unsigned assessment order for non-existent company invalid; Section 56(2)(viia) not applicable to share buybacks; interest income correctly classified
July 12, 2025   Case Laws     Income Tax

Interim Bail Granted Under Section 45 PMLA for Seriously Ill Accused Needing Specialized Medical Care
July 12, 2025   Case Laws     Money Laundering

Dismissal of Complaint Upheld Under Section 138 N.I. Act Due to Lack of Enforceable Debt Evidence
July 12, 2025   Case Laws     Indian Laws

Pre-deposit of 25% Debt Mandatory Under Section 18(1) SARFAESI Act; No Waiver Without Proof of Hardship
July 12, 2025   Case Laws     Indian Laws

Notice under Section 148A(b) invalid if issued beyond limitation without proper extension under Section 148A(d)
July 12, 2025   Case Laws     Income Tax

Petition Dismissed: Reopening Assessment Under Section 147 Valid Without Natural Justice Violation
July 12, 2025   Case Laws     Income Tax

ITAT Upholds Income Additions and Unexplained Deposits Due to Assessee's Non-Compliance, Orders Cost Deposit
July 12, 2025   Case Laws     Income Tax

Writ Petitions Dismissed on Anti-Dumping Duty Levy; Appeals Only Allowed Under Section 130E Customs Act
July 12, 2025   Case Laws     Customs

ITAT upholds deletion of transfer pricing adjustments under Section 80IA, directs AO for fresh verification and revised deductions
July 12, 2025   Case Laws     Income Tax

CESTAT Allows Refund of Differential CVD After Final Re-assessment Under Supreme Court Ruling ITC Ltd.
July 12, 2025   Case Laws     Customs

Remand ordered for finalizing provisional customs duty under Project Import Regulations, emphasizing document submission and cooperation
July 12, 2025   Case Laws     Customs

Customs Broker License Reinstated After Appeal Finds No Breach of Regulations 10(d), 10(m), 10(o), 10(q)
July 12, 2025   Case Laws     Customs

Imported goods classification as fertilizer or chemical under Customs Tariff Act 1975 Section 3101 0010 or 3808 8340 clarified
July 12, 2025   Case Laws     Customs

Section 9 Application Rejected Due to Genuine Pre-Existing Dispute and Prior Civil Suit Bar
July 12, 2025   Case Laws     IBC

Section 56(2)(viib) Addition on Share Allotment Rejected Due to Valid Valuation and Non-Retroactivity
July 12, 2025   Case Laws     Income Tax

Customs Broker License Revoked Without Basis; Penalty Set Aside Under Regulations 10(m), 10(n), 10(q)
July 12, 2025   Case Laws     Customs

Section 40(a)(ia) Does Not Apply to Short TDS Deductions Under Sections 194C and 194J
July 12, 2025   Case Laws     Income Tax

HC upholds appeal, sets aside PCIT order under Section 263 for lack of independent review and valuation errors
July 12, 2025   Case Laws     Income Tax

Disallowance of Royalty Payments Upheld Under Tax Rules; Consultancy Fees and Rent Claims Allowed
July 12, 2025   Case Laws     Income Tax

CESTAT Quashes Customs Duty Demand for Undervaluation, Cites Lack of Independent Evidence and Credible Audit Report
July 12, 2025   Case Laws     Customs

Mandatory deficiency notice under Rule 90(3) CGST excludes limitation period; right to appeal preserved under Section 107
July 12, 2025   Case Laws     GST

Confiscation of Export Goods Without Valid Cause Unjustified Under Section 51 of Customs Act, MEIS Benefits Restored
July 12, 2025   Case Laws     Customs

SC upholds refusal to condone delay in appeal filing under Section 421(3) of Companies Act, 1956
July 12, 2025   Case Laws     Companies Law

Order set aside for violating natural justice by denying mandatory third personal hearing under relevant provisions
July 12, 2025   Case Laws     GST

Appeal dismissed for 283-day delay under Insolvency and Bankruptcy Code, 2016, confirming strict adherence to limitation rules
July 12, 2025   Case Laws     IBC

More Highlights

Articles Articles, Tax Laws, GST

Short Notes Short Notes

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
Penal Provisions for Failure to Produce Accounts and Documents : Clause 481 of the Income Tax Bill, 2025 Vs. Section 276D of the Income-tax Act, 1961
Penal Provision for Failure to Furnish Return in Search Cases : Clause 480 of Income Tax Bill, 2025 Vs. Section 276CCC of Income-tax Act, 1961
Penal Provisions for Failure to File Income Tax Returns : Clause 479 of Income Tax Bill, 2025 Vs. Section 276CC of the Income-tax Act, 1961
Criminal Liability for Tax Evasion in India : Clause 478 of the Income Tax Bill, 2025 Vs. Section 276C of the Income-tax Act, 1961
Criminal Liability for TCS Defaults : Clause 477 of Income Tax Bill, 2025 vs. Section 276BB of Income Tax Act, 1961
Criminal Liability for TDS Defaults : Clause 476 of the Income Tax Bill, 2025 Vs. Section 276B of the Income-tax Act, 1961
Evolution of Statutory Offences Against Tax Recovery in India : Clause 475 of the Income Tax Bill, 2025 Vs. Section 276 of the Income Tax Act, 1961
Penal Provisions for Non-Compliance during Tax Inspections : Clause 474 of the Income Tax Bill, 2025 Vs. Section 275B of the Income-tax Act, 1961
Penal Consequences for Non-Compliance with Tax Authority Orders : Clause 473 of the Income Tax Bill, 2025 Vs. Section 275A of the Income Tax Act, 1961
Redefining the Bar of Limitation for Tax Penalties : Clause 472 of the Income Tax Bill, 2025 Vs. Section 275 of the Income-tax Act, 1961
Natural Justice and Administrative Oversight in Tax Penalties : Clause 471 of the Income Tax Bill, 2025 Vs. Section 274 of the Income-tax Act, 1961
Doctrine of Reasonable Cause in Tax Penalties : Clause 470 of the Income Tax Bill, 2025 Vs. Section 273B of the Income-tax Act, 1961
Voluntary Disclosure and Penalty Waiver under Indian Tax Law : Clause 469 of the Income Tax Bill, 2025 Vs. Section 273A of the Income-tax Act, 1961
Penalties for Non-Compliance with TDCAN/TAN Requirements : Clause 468 of the Income Tax Bill, 2025 Vs. Section 272BB of the Income-tax Act, 1961"
Penalty Provision for PAN/Aadhaar Non-Compliance in Indian Tax Law : Clause 467 of the Income Tax Bill, 2025 Vs. Section 272B of the Income-tax Act, 1961
Penalty Provisions for deterrence against non-cooperation with tax authorities : Clause 466 of Income Tax Bill, 2025 Vs. Section 272AA of Income-tax Act, 1961
Procedural Defaults and Penalties in Indian Tax Law : Clause 465 of the Income Tax Bill, 2025 Vs. Section 272A of the Income Tax Act, 1961
Ensuring Compliance Among Tax-Exempt Entities : Clause 464 of the Income Tax Bill, 2025 Vs. Section 271K of the Income-tax Act, 1961
Professionals(i.e. Accountant, Marchant Banker, Registered Valuer) Accountability under Indian Income Tax Law: Clause 463 of the Income Tax Bill, 2025 Vs. Section 271J of the Income-tax Act, 1961
Enforcement of Information Disclosure in Cross-Border Transactions : Clause 462 of the Income Tax Bill, 2025 Vs. Section 271I of the Income-tax Act, 1961
Penalty Provisions for Non-Filing and Incorrect Filing of TDS/TCS Statements : Clause 461 of the Income Tax Bill, 2025 Vs. Section 271H of the 1961 Act
Enforcement of Reporting Obligations by a non-resident having liaison office : Clause 460 of Income Tax Bill, 2025 vs. Section 271GC of Income Tax Act, 1961
Penalties for Reporting Non-Compliance by Resident constituent entity of an international group under Indian Tax Law : Clause 459 of the Income Tax Bill, 2025 Vs. Section 271GB of the Income-tax Act, 1961

More Notes

Notifications Notifications

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

IT

- Extension of Tax Exemption Period u/s 10(23FE) till 31st March, 2030 - Notification for Further Amendment to CBDT Notification No. 65/2021 dated 13th 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. 64/2021, dated 13th 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. 63/2021, dated 13th 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. 62/2021, dated 13th 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. 55/2021, dated 5th 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. 54/2021 dated 5th May, 2021
July 11, 2025

More Notifications

Circulars/ Public Notices Circulars/ Public Notices

Customs

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

- 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

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

More Circulars

News News, PIB

DRI foils major smuggling bid, seizes Rs.35 crore worth of Chinese firecrackers in Operation Fire Trail
July 12, 2025


Trump tours Texas flood sites, defends officials amid mounting questions about response
July 12, 2025


Trump tours Texas flood damage as disaster tests his pledge to do away with FEMA
July 12, 2025


DRI seizes Chinese firecrackers and fireworks worth Rs 35 cr; one person arrested
July 11, 2025


Trump's 50 per cent tariff on Brazilian goods like coffee, orange juice could drive up US breakfast costs
July 11, 2025


Bitcoin tops USD118,000 for the first time, as the cryptocurrency continues to climb to new heights
July 11, 2025


Unitech Group promoters diverted half of Rs 16K crore worth homebuyers' funds for personal use: ED
July 11, 2025


1.89 pc power tariff hike in Chhattisgarh: Officials call it 'nominal', Cong slams BJP govt
July 11, 2025


Net direct tax mop-up dips 1.34 pc to Rs 5.63 lakh cr on higher refunds
July 11, 2025


Rupee falls 10 paise to close at 85.80 against US dollar
July 11, 2025


Rubio, Wang stress cooperation after talks in Malaysia as US-China tensions simmer
July 11, 2025


FM Sitharaman praises Meghalaya s progress, full utilisation of Rs 5,400 crore SASCI funds
July 11, 2025


Switzerland greenlights India-EFTA mega trade pact; sets stage for October rollout
July 11, 2025


Union Minister of State for Finance Shri Pankaj Chaudhary inaugurates Trade Facilitation Conference 2025 on theme Scientific Excellence for Seamless Trade , in New Delhi
July 11, 2025


DGGI Bengaluru Unit uncovers six shell companies with fraudulent invoices worth Rs. 266 crore involving Rs. 48 crore fraudulently claimed Input Tax Credit; mastermind arrested
July 11, 2025


More News

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