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

Maharashtra increases vehicle tax cap to Rs 30 lakh with higher rates for luxury cars and goods carriers
June 30, 2025   News     Indian Laws

E-commerce operators under Section 9(5) not required to reverse input tax credit proportionately on supplies
June 30, 2025   Circulars     GST - States

SEBI mandates new Industry Standards for related party transaction disclosures under LODR Regulations effective September 2025
June 30, 2025   Circulars     SEBI

NRI assessment reopening quashed due to jurisdictional defects under sections 148 and 148A
June 30, 2025   Case Laws     Income Tax

ITAT quashes Section 153C assessment orders for lack of jurisdiction and improper satisfaction notes
June 30, 2025   Case Laws     Income Tax

Assessee wins appeal as notice under section 148A quashed for failing mandatory seven-day response period requirement
June 30, 2025   Case Laws     Income Tax

TCS under Section 206C(1C) not applicable to compounding fees from illegal miners under MMDR Act
June 30, 2025   Case Laws     Income Tax

Survey-declared excess stock income taxed as business income, not under sections 69/69C with 115BBE rates
June 30, 2025   Case Laws     Income Tax

ITAT deletes transfer pricing adjustment using TNMM over CUP method under Rule 10C(2) for potato cultivation licensing
June 30, 2025   Case Laws     Income Tax

PCIT validly initiated Section 263 revision proceedings for incomplete assessment verification despite pending writ challenges
June 30, 2025   Case Laws     Income Tax

Assessee not liable for TDS default on property transactions under Section 194IA when individual payments below threshold
June 30, 2025   Case Laws     Income Tax

ITAT deletes unexplained sales addition based on EmmEss-Gold software entries during survey action
June 30, 2025   Case Laws     Income Tax

Writ petition allowed after finding summary show cause notice violated natural justice under Section 73 CGST Act 2017
June 30, 2025   Case Laws     GST

Corporate guarantee commission to associated enterprises requires arm's length pricing under transfer pricing rules
June 30, 2025   Case Laws     Income Tax

ITAT upholds CIT(A) decisions on on-money addition restriction, transfer pricing deletions, and business expense allowances
June 30, 2025   Case Laws     Income Tax

Assessment order quashed for improper notice service via GST Portal only under Section 169
June 30, 2025   Case Laws     GST

Tax assessment can proceed despite insolvency resolution plan approval when fraudulent transactions exceed Rs 3 crores
June 30, 2025   Case Laws     Income Tax

Regular bail denied for Rs. 358 crores GST fraud involving fraudulent input tax credits and economic offences
June 30, 2025   Case Laws     GST

Assessee must provide loan repayment currency documentation for transfer pricing interest rate benchmark determination under Section 92CA
June 30, 2025   Case Laws     Income Tax

Property attachment upheld in money laundering case involving scholarship fund misappropriation despite no prosecution complaint filed
June 30, 2025   Case Laws     Money Laundering

CESTAT rejects appeal restoration after appellant missed seven hearings despite medical certificate under Rule 21
June 30, 2025   Case Laws     Service Tax

Writ petition dismissed for five-year delay, petitioner failed to exhaust Section 86 Finance Act appeal remedy first
June 30, 2025   Case Laws     Service Tax

Assessment order quashed for lack of proper notice violating natural justice principles only one valid order per period
June 30, 2025   Case Laws     GST

ITAT allows section 11 exemption despite late Form 10B filing, treating procedural delays as curable defects
June 30, 2025   Case Laws     Income Tax

Accused granted bail in GST fraud case involving fake firms and illegal input tax credit claims
June 30, 2025   Case Laws     GST

More Highlights

Articles Articles, Tax Laws, GST

Short Notes Short Notes

Assessing Officer's Powers and Taxpayer Rights in Advance Tax : Clause 407 of the Income Tax Bill, 2025 Vs. Section 210(3)-(6) of the Income-tax Act, 1961
Reforming Advance Tax Obligations : Clause 406 of the Income Tax Bill, 2025 Vs. Section 210 of the Income-tax Act, 1961
Comparative Legal Analysis of Advance Tax Computation: Clause 405 of the Income Tax Bill, 2025 vs. Section 209 of the Income Tax Act, 1961
Understanding Advance Tax Thresholds : Clause 404 of the Income Tax Bill, 2025 Vs. Section 208 of the Income-tax Act, 1961
Significant provision governing the liability for the payment of advance tax in India : Clause 403 of Income Tax Bill, 2025 Vs. Section 207 of Income Tax Act, 1961
Legal and Practical Implications of PAN Non-Compliance : Clause 397(2) of the Income Tax Bill, 2025 Vs. Section 206CC of the Income Tax Act, 1961
Centralized Processing of Tax Deduction and Collection Statements : Clause 399 of Income Tax Bill, 2025 and Comparative Analysis with Section 206CB of Income-tax Act, 1961
Evolution of Tax Deduction and Collection Account Number : Clause 397(1) of the Income Tax Bill, 2025 Vs. Section 206CA of the Income-tax Act, 1961
Evolution and Implications of TDS/TCS Default Provisions : Clause 398 of the Income Tax Bill, 2025 Vs. 206C(6A), (7), (7A), and (8) of the Income-tax Act, 1961 of the Income-tax Act, 1961
Innovations in TDS/TCS Reporting and Compliance : Clause 397(3) of Income Tax Bill, 2025 vs. Section 206C(3),(3A),(3B),(5) and (6) of Income Tax Act, 1961
Legislative framework of collection of tax at source (TCS) and issuance of certificates in India : Clause 395(3) & (4) of Income Tax Bill, 2025: Comparative Analysis with Section 206C(5),(9) and (10) of Income-tax Act, 1961
Navigating the New Landscape of Tax Collection at Source : Clause 394 of the Income Tax Bill, 2025 Vs. Section 206C(1), (1A), (1B), (1C), (F) and (1G) of the Income-tax Act, 1961
Reforming PAN Compliance : Clause 397(2) of the Income Tax Bill, 2025 vs. Section 206AA of the Income Tax Act, 1961
Transforming Tax Reporting and Compliance in India : Clause 397(3) of Income Tax Bill, 2025 Vs. Section 206A of Income-tax Act, 1961
Safeguarding Taxpayers from Double Taxation : Clause 401 of the Income Tax Bill, 2025 Vs. Section 205 of the Income-tax Act, 1961
Correct identification of the "person responsible for payment" : Clause 402(27) of the Income Tax Bill, 2025 Vs. Section 204 of the Income-tax Act, 1961
Transformations in Tax Deduction and Collection Compliance and Reporting in India : Clause 397(1) of the Income Tax Bill, 2025 Vs. Section 203A of the Income-tax Act, 1961
Reform of Tax Deduction and Collection Certificates : Clause 395(4) of Income Tax Bill, 2025 Vs. Section 203 of the Income-tax Act, 1961
Step forward in the rationalization and modernization of recovery of tax collection under Tax law in India : Clause 390(4) of Income Tax Bill, 2025 Vs. Section 202 of Income-tax Act, 1961
Evolution, Enforcement, and Relief Mechanisms in TDS/TCS Defaults : Clause 398 of Income Tax Bill, 2025 Vs. Section 201 of the Income-tax Act, 1961 - Changing Landscape of TDS/TCS Compliance and Liabi
Centralised and Automated Processing of TDS/TCS Statements : Clause 399 of Income Tax Bill, 2025 Vs. Section 200A of Income-tax Act, 1961
The Transformation of TDS/TCS Compliance and Reporting Obligations : Clause 397(3) of the Income Tax Bill, 2025 Vs. Section 200 of the Income-tax Act, 1961
Principles of Tax Deduction Credit in Indian Income Tax Law : Clause 390(5)-(6) of Income Tax Bill, 2025: Comparative Analysis with Section 199, Income-tax Act, 1961
Ensuring Tax Base Integrity in Indian Income Taxation : Clause 396 of the Income Tax Bill, 2025 Vs. Section 198 of the Income-tax Act, 1961
Streamlining TDS Exemptions in India's Income Tax Laws - Clause 393(6) of the Income Tax Bill, 2025 Vs. Section 197A of the Income-tax Act, 1961

More Notes

Notifications Notifications

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

SEBI

- Notification Under Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007
June 25, 2025

IT

- Agreement between the Government of the Republic of India and the Government of Sultanate of Oman for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes
June 25, 2025

ADD

- Corrigendum - Notification No. 20/2025-Customs (ADD), dated the 24th June, 2025
June 24, 2025

FEMA

- Foreign Exchange Management (Export of Goods & Services) (Amendment) Regulations, 2025
June 24, 2025

IT

- Exemption from specified income U/s 10(46) of IT Act 1961 - "Food Safety and Standards Authority of India"
June 24, 2025

ADD

- Seeks to impose Anti Dumping Duty on imports of 'Potassium Tertiary Butoxide' originating in, or exported from China PR and United States of America and 'Sodium Tertiary Butoxide' originating in, or exported from China PR for a period of 5 years
June 24, 2025

ADD

- Seeks to further amend notification No. 77/2021-Customs (ADD), dated 27th December, 2021 imposing Anti-dumping Duty on imports of 'Decor Paper' from China PR, to modify the existing duty table
June 24, 2025

SEZ

- Seeks to rescind the Notification Numbers S.O. 966 (E) dated 13th June, 2007 - SEZ for Apparel sector proposed by M/s. Neogen Properties Private Limited
June 23, 2025

SEZ

- Central Government notifies the 11.549 hectares area at Itigatti Village, Dharwad district, in the State of Karnataka and constitutes an Approval Committee
June 23, 2025

SEZ

- Central Government notifies the 37.64 hectares area Sanand, Ahmedabad District, in the State of Gujarat and constitutes an Approval Committee
June 23, 2025

More Notifications

Circulars/ Public Notices Circulars/ Public Notices

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

Customs

- Amendment in Import Policy of specify items covered under Chapter 71 of ITC (HS) 2022 of Schedule-I (Import Policy)
June 19, 2025

Customs

- Use of ICETABs for efficient export examination and clearance
June 19, 2025

DGFT

- Seeking application for allocation of Pharma Grade Sugar under restricted category
June 18, 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
June 18, 2025

Customs

- Empanelment of chartered Engineers for examination/valuation of Second hand machinery/goods etc in the jurisdiction of Commissioner of Customs (Import-I), New Custom House, Mumbai-reg.
June 17, 2025

More Circulars

News News, PIB

Smuggling networks getting attracted to India amid economic growth, says top Customs official
June 30, 2025


BEML inaugurates Aerospace SEZ facility, lays foundation for phase II expansion
June 30, 2025


UK PM Keir Starmer claims tariffs slashed as trade deal with US takes effect
June 30, 2025


Filatex Fashions revenue rises 7 pc to Rs 191cr in FY25 on export orders
June 30, 2025


Bank GNPAs decline to multi-decadal low of 2.3 pc in March, may inch up by March 2027: RBI report
June 30, 2025


Fin stability key for growth; global economic shifts make policy interventions challenging: RBI Guv
June 30, 2025


Monthly review of accounts of Government of India upto May 2025 (FY 2025-26)
June 30, 2025


Indian economy remains key driver of global growth: RBI report
June 30, 2025


Fiscal deficit at 0.8 pc of full year Budget Estimates at May-end 2025: CGA data
June 30, 2025


Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman embarks on official visit to Spain, Portugal and Brazil from 30th June to 5th July 2025
June 30, 2025


Top 10 Leaders Empowering Future Generations Unveiled by Kiteskraft Productions LLP
June 30, 2025


NCP (SP) slams Fadnavis govt over supplementary demands, cites growing financial burden
June 30, 2025


Gross GST collections double in 5 years to record Rs 22.08 lakh cr in FY25
June 30, 2025


Maharashtra govt tables supplementary demands of Rs 57,509 cr in assembly
June 30, 2025


Chinese factory activity improves slightly with delay on tariffs, but still lags
June 30, 2025


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