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

Reopening Assessment Beyond Four Years Without New Evidence Invalid Under Section 148; Full Depreciation Allowed for Asset Used Over 180 Days
July 9, 2025   Case Laws     Income Tax

Limitation starts from invoice date under Article 18; TDS deposits can extend limitation for recovery claims
July 9, 2025   Case Laws     Indian Laws

Penalty upheld as due process followed; mens rea not needed under relevant tax evasion law upheld
July 9, 2025   Case Laws     GST

Appeal Allowed: Section 7 CIRP Application Maintainable Despite Initial Invocation During Section 10A Prohibited Period
July 9, 2025   Case Laws     IBC

Reassessment under Section 148 denied as all material facts, including non-compete agreements, were disclosed initially
July 9, 2025   Case Laws     Income Tax

Assessment order under Sec 143(3) and 144B quashed for denying fair notice and natural justice rights
July 9, 2025   Case Laws     Income Tax

Notice under Section 148 issued after assessee's death is invalid; reopening must follow legal heirs' notice rules
July 9, 2025   Case Laws     Income Tax

Penalties under Sections 271(1)(c) and 271B require independent proof, not automatic on addition confirmation
July 9, 2025   Case Laws     Income Tax

ITAT Upholds Rs. 1.60 Cr Income Addition from Survey, Deletes Unsecured Loans and Wage Additions
July 9, 2025   Case Laws     Income Tax

Manpower Agencies as Pure Agents Under Rule 5(2) Exclude Salary from Taxable Value in Service Tax
July 9, 2025   Case Laws     Service Tax

Payment under Income Declaration Scheme 2016 deemed timely despite interbank delay, benefits upheld under Section 191
July 9, 2025   Case Laws     Income Tax

Gratuity and Leave Encashment Expenses Allowed Only as Actual Payments, Not Notional Provisions Under Tax Rules
July 9, 2025   Case Laws     Income Tax

Acquittal Upheld in Section 138 NI Act Case Where Accused Proved Possible Repayment Defense
July 9, 2025   Case Laws     Indian Laws

Short GST Payment on Works Contract Seen as Non-Fraudulent; Section 73 Applies, Not Section 74
July 9, 2025   Case Laws     GST

Penalty upheld for importing goods using fake IECs under Customs Act Section 111(d) and Section 112 violations
July 9, 2025   Case Laws     Customs

Icing Sugar Classified Under HSN 1701, Attracting 12% GST Despite Added Edible Starch
July 9, 2025   Case Laws     GST

Government Insurance Services to Employees Exempt from GST; Registration Needed Only if Turnover Exceeds Threshold
July 9, 2025   Case Laws     GST

Appeal Dismissed for 819-Day Delay; Assessee Responsible Despite CA's Incorrect Advice Under Section 254(2)
July 9, 2025   Case Laws     Income Tax

Exemption Denied Under Sections 11, 12 Due to Section 13 Violations; Income Taxed at Highest Rate Under Section 164
July 9, 2025   Case Laws     Income Tax

GST exemption applies to bundled inpatient healthcare supplies under Notification No. 12/2017-Central Tax
July 9, 2025   Case Laws     GST

No Interest on Refund of Wrongly Availed Cenvat Credit Under Section 11BB of Central Excise Act
July 9, 2025   Case Laws     Central Excise

GST on marine engines and parts at 5% when used in fishing vessels under Notification No. 01/2017 CT (R)
July 9, 2025   Case Laws     GST

Penalty for Section 6(3)(b) FEMA breach upheld as reasonable; technical breach due to timely FC-GPR form submission
July 9, 2025   Case Laws     FEMA

Tribunal Confirms CPC Can Levy Late Fees and Interest Under Sections 200A(2), 234E, and 201 for TDS Defaults
July 9, 2025   Case Laws     Income Tax

Statements under Section 108 without following Section 138B safeguards are inadmissible for undervaluation cases
July 9, 2025   Case Laws     Customs

More Highlights

Articles Articles, Tax Laws, GST

Short Notes Short Notes

Evolution of Penalty Provisions for Failure to Collect Tax at Source : Clause 449 of the Income Tax Bill, 2025 Vs. Section 271CA of the Income Tax Act, 1961
Practical and Legal Implications of Penalty for TDS Defaults in Complince under Indian Income Tax Law : Clause 448 of the Income Tax Bill, 2025 Vs. Section 271C of the Income-tax Act, 1961
Practical Dimensions of Penalty for Non-Submission of Accountant's Report in Indian Taxation : Clause 447 of the Income Tax Bill, 2025 Vs. Section 271BA of the Income-tax Act, 1961
Audit Compliance and Penalty Provisions under Indian Income Tax Law : Clause 446 of the Income Tax Bill, 2025 Vs. Section 271B of the Income-tax Act, 1961
Penalties for defeating the policy objective of fostering genuine charitable activities by Related Parties : Clause 445 of the Income Tax Bill, 2025 Vs. Section 271AAE of the Income Tax Act, 1961
Penalizing False Accounting Entries : Clause 444 of the Income Tax Bill, 2025 Vs. Section 271AAD of the Income-tax Act, 1961
Legal and Practical Dimensions of Penalties for Undisclosed Income in Indian Taxation : Clause 443 of the Income Tax Bill, 2025 Vs. Section 271AAC of the Income-tax Act, 1961
Legal Framework for Documentation Penalties under Indian Tax Law : Clause 442 of the Income Tax Bill, 2025 Vs. Section 271AA of the Income-tax Act, 1961
Penalty Provisions for Non-maintenance of Books under Indian Income Tax Law : Clause 441 of the Income Tax Bill, 2025 Vs. Section 271A of the Income-tax Act, 1961
Immunity from Penalty and Prosecution in Income Tax Law : Clause 440 of the Income Tax Bill, 2025 Vs. Section 270AA of the Income-tax Act, 1961
Penalty Provisions for Under-Reporting and Misreporting of Income under Income-tax Law : Clause 439 of the Income Tax Bill, 2025 Vs. Section 270A of the Income-tax Act, 1961
Section 269T of the Income-tax Act, 1961 : Clause 189 of Income Tax Bill, 2025 Vs. Explanation to Section 269T of the Income-tax Act, 1961
Evolution of Cash Transaction Controls in Indian Tax Law : Clause 188 of the Income Tax Bill, 2025 Vs. Section 269T of the Income Tax Act, 1961
Change in India's Digital Payment Mandate : Clause 187 of the Income Tax Bill, 2025 Vs. Section 269SU of the Income Tax Act, 196
Restricting High-Value Cash Transactions in India : Clause 186 of the Income Tax Bill, 2025 Vs. Section 269ST of the Income Tax Act, 19612
Restricting Cash Transaction Regime : Clause 185 of Income Tax Bill, 2025 Vs. Section 269SS of Income Tax Act, 1961
Defining the High Court for Tax Matters : Clause 374 of the Income Tax Bill, 2025 Vs. Section 269 of the Income-tax Act, 1961
Monetary Limits of Filing of Appeals by Income-tax Authorities : Clause 373 of the Income Tax Bill, 2025 Vs. Section 268A of the Income-tax Act, 1961
Continuity and Evolution of computation of limitation periods for filing appeals or applications in Indian Income Tax Law : Clause 372 of the Income Tax Bill, 2025 Vs. Section 268 of the Income-tax Act, 1961
Amendment of assessments in cases where appellate proceedings result in a change in the assessment of a body of individuals (BOI) or an association of persons (AOP) : Clause 371 of Income Tax Bill, 2025 Vs. Section 267, Income Tax Act, 1961
Procedural Mechanisms for Executing Supreme Court Cost Awards under Indian Income Tax Law : Clause 370 of Income Tax Bill, 2025 Vs. Section 266 of Income-tax Act, 1961
Doctrine of No Automatic Stay in Tax Recovery : Clause 369, Income Tax Bill, 2025 Vs. Section 265, Income-tax Act, 1961
Creating a schemes for the faceless effect of orders, to reducing direct interactions between taxpayers and tax authorities : Clause 532 of the Income Tax Bill, 2025 Vs. Section 264B of the Income-tax Act, 1961
From Faceless Revision to Comprehensive Reform : Clause 532 of the Income Tax Bill, 2025 Vs. Section 264A of the Income-tax Act, 1961
Administrative Remedies under the Indian Tax Law : Clause 378 of the Income Tax Bill, 2025 Vs. Section 264 of the Income-tax Act, 1961

More Notes

Notifications Notifications

Co. Law

- Companies (Corporate Social Responsibility Policy) Amendment Rules, 2025
July 7, 2025

IT

- Exemption from specified income U/s 10(46A) of IT Act 1961 - "Rajasthan Housing Board"
July 7, 2025

IBC

- Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2025.
July 4, 2025

Co. Law

- Companies (Listing of equity shares in permissible jurisdictions) Amendment Rules, 2025.
July 3, 2025

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

More Notifications

Circulars/ Public Notices Circulars/ Public Notices

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

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

More Circulars

News News, PIB

Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations)
July 9, 2025


Commission approves the acquisition of a certain stake in SmartShift Logistics Solutions Private Limited (Target) jointly by Kedaara Sapphire Holding and Kedaara Capital Fund IV AIF (Acquirers)
July 9, 2025


Commission approves acquisition of certain businesses of UBS AG by 360 ONE Entities
July 9, 2025


No directions given to Banks to close inactive PM Jan Dhan Yojana accounts: Department of Financial Services, M/o Finance
July 8, 2025


High-level review held to fast-track infrastructure projects worth Rs.36,296 crore in Gujarat and Rajasthan
July 8, 2025


Markets decline in early trade amid caution ahead of tariff deadline, weak Asian peers
July 7, 2025


Asian shares are mostly down as Trump's tariff deadline looms, pressure steps up
July 7, 2025


Rupee falls 26 paise to 85.66 against US dollar in early trade
July 7, 2025


Trump threatens additional tariffs on countries aligning with 'Anti-American policies of BRICS'
July 7, 2025


Pressure from Trump for trade deals before Wednesday deadline, but hints of more time for talks
July 7, 2025


BRICS group condemns increase of tariffs in summit overshadowed by Middle East tensions
July 7, 2025


BRICS condemns Pahalgam attack; calls for shunning double standards in combating terrorism
July 7, 2025


BRICS condemns Pahalgam attack; calls for shunning double standards in combating terror
July 6, 2025


US tariffs on European goods threaten to shake up world's largest trade relationship
July 6, 2025


Mumbai airport: Man held with hydroponic weed worth Rs 9.6 cr; two held with Rs 1.49 cr gold
July 6, 2025


More News

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