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

Assessee escapes Section 271(1)(c) penalty after surrendering Section 54F deduction due to builder default
July 1, 2025   Case Laws     Income Tax

Assessee wins appeal on real estate loss timing - crystallization occurs when disputes resolved through compromise deed
July 1, 2025   Case Laws     Income Tax

ITAT deletes Section 68 and 115BBE additions on metal scrap cash sales already in audited books
July 1, 2025   Case Laws     Income Tax

Trust's micro-financing activities to poor rural women qualify as charitable under section 2(15) for section 11 exemption
July 1, 2025   Case Laws     Income Tax

ITAT sets aside ex-parte order, grants final opportunity to assessee for non-compliance with hearing notices
July 1, 2025   Case Laws     Income Tax

ITAT restricts section 153C additions, requires year-specific evidence, prevents double taxation on land investments
July 1, 2025   Case Laws     Income Tax

Appeal filed within extended limitation period wrongly dismissed by excluding communication date from calculation
July 1, 2025   Case Laws     Service Tax

Petitioner wins challenge against denial of Sabka Vishwas scheme benefits despite COVID-related payment delays beyond deadline
July 1, 2025   Case Laws     Service Tax

Section 12A withdrawal rejected when filed before Committee of Creditors formation despite partial settlement
July 1, 2025   Case Laws     IBC

ITAT quashes PCIT order cancelling society's section 12A registration due to lack of jurisdiction
July 1, 2025   Case Laws     Income Tax

Section 153C limitation period starts from material handover date, not search date for non-searched persons
July 1, 2025   Case Laws     Income Tax

Section 12AA registration benefits allowed as ITAT proceedings qualify as assessment proceedings under Section 12A(2)
July 1, 2025   Case Laws     Income Tax

Appellate Authority's rejection of refund claim quashed for improperly refusing additional documents under Section 54(3)
July 1, 2025   Case Laws     GST

Assessee successfully explains source of cash deposits during demonetization, ITAT deletes entire Section 115BBE addition
July 1, 2025   Case Laws     Income Tax

Job-worker exempt from service tax on pickling and oiling services under Notification 8/2005
July 1, 2025   Case Laws     Service Tax

CESTAT sets aside customs valuation enhancement due to procedurally flawed surrogate value determination under Rule 9
July 1, 2025   Case Laws     Customs

HC sets aside confiscation order for violating Section 130(4) CGST Act due to denial of hearing opportunity
July 1, 2025   Case Laws     GST

Penalty order under Section 271B set aside as time-barred and void ab initio for exceeding statutory limitation period
July 1, 2025   Case Laws     Income Tax

Gift from daughter's husband proven legitimate through bank statements and financial documentation
July 1, 2025   Case Laws     Income Tax

Show cause notices uploaded on GST portal without proper service violate natural justice principles
July 1, 2025   Case Laws     GST

ITAT remands section 12AB registration rejection for fresh consideration despite trust's procedural non-compliance with Charity Commissioner requirements
July 1, 2025   Case Laws     Income Tax

Revenue wins appeal as fair market value deduction deemed inappropriate when actual asset cost available
July 1, 2025   Case Laws     Income Tax

ITAT cancels Section 270A penalty order passed against deceased assessee after death notification to authorities
July 1, 2025   Case Laws     Income Tax

Provisional release order set aside for violating natural justice under Section 110A Customs Act
July 1, 2025   Case Laws     Customs

High Court orders state to refund illegally recovered money with 9% interest and pay litigation costs
July 1, 2025   Case Laws     GST

More Highlights

Articles Articles, Tax Laws, GST

Short Notes Short Notes

Delegated Powers in Indian Tax Law : Clause 532 of the Income Tax Bill, 2025 Vs. Section 231 of the Income Tax Act, 1961
Legal and Practical Perspectives on Tax Clearance for Departing Individuals under Indian Tax Law : Clause 420 of the Income Tax Bill, 2025, Vs. Section 230 of the Income-tax Act, 1961
Uniform Recovery Mechanisms in Indian Tax Law : Clause 419 of the Income Tax Bill, 2025 vs. Section 229 of the Income-tax Act, 1961
International Tax Recovery Mechanisms under Indian Law : Clause 418 of the Income Tax Bill, 2025 Vs. Section 228A of the Income Tax Act, 1961
Evaluating the Mechanism for Income Tax Recovery via State Governments in India : Clause 417 of the Income Tax Bill, 2025 Vs. Section 227 of the Income-tax Act, 1961
Garnishee Proceedings and Tax Recovery : Clause 416 of the Income Tax Bill, 2025 Vs. Section 226 of the Income-tax Act, 1961
Analysis of Stay and Amendment Provisions in Tax Recovery: Clause 415 of the Income Tax Bill, 2025 vs. Section 225 of the Income-tax Act, 1961
Validity and Amendment of Tax Recovery Certificates : Clause 413(4) of the Income Tax Bill, 2025 Vs. Section 224 of the Income-tax Act, 1961
Jurisdiction and Procedure for Tax Recovery : Clause 414 of the Income Tax Bill, 2025 Vs. Section 223 of the Income-tax Act, 1961
Evolution and Implications of Tax Recovery Provisions in India : Clause 413 of the Income Tax Bill, 2025 Vs. Section 222 of the Income-tax Act, 1961
Legal and Practical Aspects of Penalty for Tax Default under the New and Old Income Tax Laws : Clause 412 of the Income Tax Bill, 2025 Vs. Section 221 of the Income-tax Act, 1961
Comparative Analysis of Tax Recovery and Default Provisions : Clause 411 of the Income Tax Bill, 2025 Vs. Section 220 of the Income Tax Act, 1961
Streamlining Advance Tax Credit in Indian Tax Legislation : Clause 410 of the Income Tax Bill, 2025 Vs. Section 219 of the Income Tax Act, 1961
Analyzing the Deeming Provisions for Advance Tax Default : Clause 409 of the Income Tax Bill, 2025 vs. Section 218 of the Income-tax Act, 1961
Evolution and Implications of Advance Tax Instalment Provisions : Clause 408 of the Income Tax Bill, 2025 Vs. Section 211 of the Income-tax Act, 1961
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

More Notes

Notifications Notifications

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
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

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

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

Manipur has one of the most stringent processes for issuing Aadhaar to adults, says official
July 2, 2025


Punjab sees record 44 pc growth in GST collections in June
July 1, 2025


DFS launches 3 months campaign for Saturation of Financial Inclusion (FI) Schemes at Gram Panchayat (GP) & Urban Local Body (ULB) level in all districts from 01.07.2025 to 30.09.2025
July 1, 2025


Gross GST collections rise 6.2 pc to over Rs 1.84 lakh cr in Jun
July 1, 2025


Cabinet Approves Research Development and Innovation (RDI) Scheme to scale up Research, Development and Innovation in Strategic and Sunrise Domains
July 1, 2025


Gross and Net GST revenue collections for the month of June, 2025
July 1, 2025


Sebi holds outreach programme to boost municipal bond ecosystem
July 1, 2025


Gross GST collections rise 6.2 pc to over Rs 1.84 lakh cr in June
July 1, 2025


GST Day 2025, celebrating 8 years of GST, One Nation One Tax
July 1, 2025


Auction for Sale (issue/ re-issue) of (i) New GS 2040 and (ii) 6.90% GS 2065
July 1, 2025


Japanese manufacturers slightly more optimistic despite Trump tariff worries
July 1, 2025


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


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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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