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

Customs Launches Trade Facilitation Centre to Streamline Queries and Grievances for Importers and Exporters
July 14, 2025   Circulars     Customs

ITAT Upholds Deletion of Additions Under Section 68 for Share Capital, Orders Reconsideration of Advances Evidence
July 14, 2025   Case Laws     Income Tax

Section 43B Disallowance Unsustainable When GST Liability Adjusted Before Due Date, Not Debited as Expense
July 14, 2025   Case Laws     Income Tax

Appellate Tribunal Upholds Resolution Plan Approval, Rejects Late Tax Claims Under Section 30(2) of IBC
July 14, 2025   Case Laws     IBC

Appeal dismissed for delay exceeding 30-day limit plus 15-day extension under Section 14 Limitation Act
July 14, 2025   Case Laws     IBC

Central Act 2005 Overrides State Act 1975, Affirming Daughters' Coparcenary Rights by Birth Under Section 254(1)
July 14, 2025   Case Laws     Indian Laws

Petition Dismissed for Bypassing Mandatory Pre-Deposit Requirement Under Article 226 Jurisdiction
July 14, 2025   Case Laws     GST

Reopening Assessment Needs Only "Information Suggesting" Income Escapement Under Section 148, AO Must Consider Assessee's Response
July 14, 2025   Case Laws     Income Tax

AO exceeded scrutiny limits on demonetization cash deposits without PCIT approval, violating Instruction No.225/402/2018/ITA.II; Section 68 addition quashed
July 14, 2025   Case Laws     Income Tax

Section 2(22)(e) Deemed Dividend Rules Not Applicable on Loans from Sister Concerns; Section 68 Loan Addition Deleted
July 14, 2025   Case Laws     Income Tax

ITAT Allows Reapplication for Registration Under Section 12AB After Curable Defects Found in Trust Deed
July 14, 2025   Case Laws     Income Tax

Lease Rental Income Disallowed Under Section 80IC for Lack of Direct Nexus with Manufacturing Activity
July 14, 2025   Case Laws     Income Tax

Failure to allow cross-examination under CGST Act violates natural justice, tax and penalty set aside, case remanded
July 14, 2025   Case Laws     GST

Validity of reassessment under Section 147 and 143(3) upheld; fresh inquiry ordered under Section 68 for share application money
July 14, 2025   Case Laws     Income Tax

Lease Income Classified as Business Income Under Income Tax Law, Overruling Previous House Property Label
July 14, 2025   Case Laws     Income Tax

Unlawful Detention of Gold Bangles Without SCN Violates Natural Justice Under Customs Act Sections 110 124
July 14, 2025   Case Laws     Customs

SC upholds dismissal of appeal on alleged fraudulent transactions under Section 66 of IBC, 2016
July 14, 2025   Case Laws     IBC

NCLAT Upholds Order Denying Secretarial Audit Under Section 420(2) of Companies Act, Citing Non-Operational Status
July 14, 2025   Case Laws     Companies Law

Intimation under Section 143(1) invalid if issued before 30-day response period ends, disallowance deleted
July 14, 2025   Case Laws     Income Tax

Civil courts lack jurisdiction over cultivation rights; only revenue courts can decide under Tamil Nadu Act 1956 Section 5
July 14, 2025   Case Laws     Money Laundering

Provisional Attachment of 20 Properties Upheld Under PML Act in Ponzi Scheme Case
July 14, 2025   Case Laws     Money Laundering

Petition Dismissed on Tax Demand; No Natural Justice Violation Found, Alternative Remedy Available Under Law
July 14, 2025   Case Laws     GST

Appeal Dismissed for Delay Without Considering Section 14 Exclusion; Audit Held Arbitrary and Quashed
July 14, 2025   Case Laws     GST

Writ Petition Dismissed; Appeal Allowed with Pre-Deposit Under Section 107 of GST Act Within 15 Days
July 14, 2025   Case Laws     GST

Ex-parte assessment under Section 147 quashed; petitioner allowed to respond to Section 148A(b) notice for fair hearing
July 14, 2025   Case Laws     Income Tax

More Highlights

Articles Articles, Tax Laws, GST

Short Notes Short Notes

Jurisdictional Framework for Tax Prosecutions : Clause 496 of the Income Tax Bill, 2025 Vs. Section 280B of the Income-tax Act, 1961
Designation and functioning of Special Courts for the trial of offences under the proposed legislation : Clause 495 of the Income Tax Bill, 2025 Vs. Section 280A of the Income-tax Act, 1961
Legal Protections against Unauthorized Disclosure in Indian Tax Law : Clause 494 of Income Tax Bill, 2025 Vs. Section 280 of Income-tax Act, 1961
Proof of Official Entries in Tax Prosecutions : Clause 493 of the Income Tax Bill, 2025 Vs. Section 279B of the Income Tax Act, 1961
Comparative Review of Non-Cognizable Offences in Indian Income Tax Legislation : Clause 492 of the Income Tax Bill, 2025 Vs. Section 279A of the Income-tax Act, 1961
Safeguards and Procedures in Income Tax Prosecution : Clause 491 of the Income Tax Bill, 2025 Vs. Section 279 of the Income Tax Act, 1961
Judicial and Legislative Perspectives on Mens Rea in Income Tax Prosecutions :Clause 490 of the Income Tax Bill, 2025 Vs. Section 278E of the Income Tax Act, 1961
Presumptions in Tax Offence Prosecutions : Clause 489 of the Income Tax Bill, 2025 Vs. Section 278D of the Income-tax Act, 1961
Karta and Member Liability for Tax Offences : Clause 488 of the Income Tax Bill, 2025 Vs. Section 278C of the Income-tax Act, 1961
Directors' and Officers' Liability for Corporate Tax Offences : Clause 487 of the Income Tax Bill, 2025 Vs. Section 278B of the Income-tax Act, 1961
Balancing Deterrence and Fairness : Clause 486 of Income Tax Bill, 2025 Vs. Section 278AA of Income-tax Act, 1961
Enhanced Penalties for Repeat Tax Offenders specified under Indian Tax Law: Clause 485 of the Income Tax Bill, 2025 Vs. Section 278A of the Income-tax Act, 1961
Penal Provision for abetment in relation to the making and delivering of false returns - Clause 484 of the Income Tax Bill, 2025 Vs. Section 278 of the Income-tax Act, 1961
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

More Notes

Notifications Notifications

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

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

More Notifications

Circulars/ Public Notices Circulars/ Public Notices

IBC

- Withdrawal of Form IP-1 for assignments under IBC Processes
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

- Launch of ICETAB for filing Examination report for Export clearance - Reg.
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

Customs

- Procedure for submission of documents in the case of sample described as trade names-reg.
June 25, 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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