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

Electronic Filing Mandate: Auditors Must Submit ADT-4 Reports Digitally, Removing Redundant Procedural Clauses
June 5, 2025   Notifications     Companies Law

Semiconductor Zones Get Revamped: New SEZ Rules Expand Land, Export, and Investment Flexibilities for Tech Manufacturing
June 5, 2025   Notifications     SEZ

Govt Authorizes Information Sharing for Women and Child Development Welfare Scheme Under Section 138(1)
June 5, 2025   Notifications     Income Tax

Standardized Protocol for Handling Undelivered International Postal Articles with Immediate Return and Customs Verification Procedures
June 5, 2025   Circulars     Customs

Gold Bar Transport Case: Customs Seizure Invalidated Due to Insufficient Evidence Under Section 110
June 5, 2025   Case Laws     Customs

Corporate Insolvency Resolution: Creditors Must Receive Minimum Liquidation Value Under Section 53 of Insolvency Code
June 5, 2025   Case Laws     IBC

Corporate Debtor Property Rights Protected: PMLA Restrictions Lifted During Insolvency Resolution Process Under Section 32-A(2)
June 5, 2025   Case Laws     Money Laundering

Common Effluent Treatment Plant Wins Tax Exemption, Validates Service Classification Under Section 145 of Finance Act
June 5, 2025   Case Laws     Service Tax

Gold Smuggling Case: Insufficient Evidence Leads to Appeal Dismissal Under Customs Act Sections 110 and 123
June 5, 2025   Case Laws     Customs

Customs Valuation Dispute: Underreported Import Equipment Value Resolved with Reduced Penalty Under Sections 112(ii) and 114AA
June 5, 2025   Case Laws     Customs

Customs Duty Appeal: Partial Relief with Reduced Penalty for Mistaken Rubber Tracks Import Claim Under Sections 112(ii), 114A, and 114AA
June 5, 2025   Case Laws     Customs

Exporters Win Challenge Against Customs Penalty Under Sections 114(iii) and 114AA Due to Procedural Evidentiary Flaws
June 5, 2025   Case Laws     Customs

Customs Authorities Cannot Challenge Export Scrip Without DGFT License Cancellation Under Section 28AAA
June 5, 2025   Case Laws     Customs

Exporters Win Major Legal Battle: Customs Penalties Overturned on Procedural and Evidentiary Grounds
June 5, 2025   Case Laws     Customs

Customs Order Allows Re-Export of Goods from Free Trade Zone with Redemption Fine, Appeal Does Not Halt Process
June 5, 2025   Case Laws     Customs

Bail Granted in Narcotics Case: Illegal Custody Violations Expose Critical Procedural Flaws in NDPS Act Enforcement
June 5, 2025   Case Laws     Customs

Tax Dispute Resolved: No Evidence of Bogus Purchases, Tribunal Upholds Assessee's Accounts and Rejects Department's Claims
June 5, 2025   Case Laws     Income Tax

Taxpayer Wins Penalty Challenge: No Willful Default Proven in Summons Compliance Dispute
June 5, 2025   Case Laws     Income Tax

Taxpayer Wins Appeal: Penalty Overturned Due to Insufficient Grounds in Interest Rate Dispute Under Section 270A
June 5, 2025   Case Laws     Income Tax

Taxpayer's Surrendered Sum Classified as Business Income, Tribunal Validates Original Assessment Under Existing Tax Rules
June 5, 2025   Case Laws     Income Tax

Gold Smuggling Mastermind Found Guilty: Carriers' Inconsistent Statements Expose Elaborate Smuggling Network Under Customs Act Sections 112(a) and 112(b)
June 5, 2025   Case Laws     Customs

Tax Adjustment Challenged: Procedural Compliance Questioned in Section 143(1)(a) Assessment Without Prior Show Cause Notice
June 5, 2025   Case Laws     Income Tax

ITAT Overturns Ex Parte Dismissal, Mandates Comprehensive Appeal Review Under Section 251 of Income Tax Act
June 5, 2025   Case Laws     Income Tax

Property Sale Valuation and Interest Expense Deduction Upheld: Fair Market Value Assessment Supports Taxpayer's Claims Under Sections 43CA and 36(1)(iii)
June 5, 2025   Case Laws     Income Tax

Exemption Claim Under Section 10(38) Invalidated Due to Inadequate Verification and Insufficient Assessment Procedures
June 5, 2025   Case Laws     Income Tax

More Highlights

Articles Articles, Tax Laws, GST

Short Notes Short Notes

A New Paradigm for Income Tax Return Filing in India : Clause 263 of the Income Tax Bill, 2025 Vs. Section 139 of the Income-tax Act, 1961
Regulation of Taxpayer Information Disclosure under Indian Income Tax Laws : Clause 258 of the Income Tax Bill, 2025 Vs. Section 138 of the Income-tax Act, 1961
Continuity and Change in the Judicial Status of Tax Proceedings : Clause 257 of the Income Tax Bill, 2025 Vs. Section 136 of the Income-tax Act, 1961
Legal Implications of Faceless Schemes in Income Tax : Clause 260 of the Income Tax Bill, 2025 vs. Section 135A of the Income-tax Act, 1961
Continuity and Change in the Powers of Tax Authorities to Make Enquiries : Clause 256 of the Income Tax Bill, 2025 and Comparative Analysis with Section 135 of the Income-tax Act, 1961
Inspection Powers of Tax Authorities over Company Registers : Clause 255 of Income Tax Bill, 2025 and Section 134 of Income-tax Act, 1961
The Transformation of Information-Gathering Powers : Clause 259 of the Income Tax Bill, 2025 Vs. Section 133C of the Income-tax Act, 1961
Statutory Powers to Collect Information in Tax Administration : Clause 254 of the Income Tax Bill, 2025 Vs. Section 133B of the Income Tax Act, 1961
Transformation of Income-tax Survey Provisions in India : Clause 253 of the Income Tax Bill, 2025 Vs. Section 133A of the Income-tax Act, 1961
Powers to Call for Information under the Income Tax Law : Clause 252 of the Income Tax Bill, 2025 Vs. Section 133 of the Income-tax Act, 1961
Balancing Revenue Recovery and Taxpayer Rights : Clause 250 of the Income Tax Bill, 2025 Vs. Section 132B of the Income-tax Act, 1961
Balancing Tax Enforcement and Procedural Fairness in the Search and Seizure : Clause 249 of the Income Tax Bill, 2025 Vs. Explanation to sub-section (1) of section 132A of the Income Tax Act, 1961
Evolution and Implications of Requisition Powers in Indian Income Tax Law : Clause 248 of the Income Tax Bill, 2025, Vs. Section 132A of the Income-tax Act, 1961
Procedural Safeguards and Retention of Seized Materials during search and seizure operations : Clause 251 of the Income Tax Bill, 2025 Vs. Section 132(8), (9), (9A), and (10) of the Income Tax Act, 1961
Non-Disclosure of Reasons in Income Tax Search and Seizure : Clause 249 of the Income Tax Bill, 2025 Vs. explanations to sub-sections (1) and (1A) of section 132 of the Income-tax Act, 1961
Evolution of Tax Enforcement : Clause 247 of Income Tax Bill, 2025 Vs. Section 132, Income-tax Act, 1961
Quasi-Judicial Powers of Income-tax Authorities : Clause 246 of the Income Tax Bill, 2025 Vs. Section 131 of the Income-tax Act, 1961
Transformation of Tax Jurisdiction : Clause 245 of the Income Tax Bill, 2025, and Section 130 of the Income-tax Act, 1961
Legal Safeguards and Procedural Continuity under Indian Income Tax Law : Clause 244 of Income Tax Bill, 2025 Vs. Section 129 of Income Tax Act, 1961
Modernizing the Statutory Framework for Jurisdictional Transfers and Natural Justice : Clause 243 of Income Tax Bill, 2025 Vs. Section 127 of the Income Tax Act, 1961
Legal and Administrative Framework Determining the Jurisdiction of Assessing Officers : Clause 242 of the Income Tax Bill, 2025 Vs. Section 124 of the Income-tax Act, 1961
Jurisdictional Architecture under the income tax : Clause 241 of the Income Tax Bill, 2025 Vs. Section 120 of the Income-tax Act, 1961
Statutory Foundations of the Taxpayer's Charter : Clause 240 of the Income Tax Bill, 2025 Vs. Section 119A of the Income-tax Act, 1961
Power to issue instruction for the purpose of the proper administration of this Act : Clause 239 of Income Tax Bill, 2025 Vs. Section 119 of Income Tax Act, 1961
Administrative Hierarchy under the Income Tax Law : Clause 238 of Income Tax Bill, 2025 Vs. Section 118 of Income Tax Act, 1961

More Notes

Notifications Notifications

SEZ

- Special Economic Zones (Amendment) Rules, 2025
June 3, 2025

IT

- U/s 138(1) of IT Act 1961 - Central Government specifies Secretary to the Government of Maharashtra, Women and Child Development
June 3, 2025

Cus (NT)

- Sea Cargo Manifest and Transshipment (Third Amendment) Regulations, 2025
May 31, 2025

FTP

- Extension in Import Period for Yellow Peas under ITC (HS) Code 07131010 of Chapter 07 of ITC (HS) 2022, Schedule -I (Import Policy)
May 31, 2025

Co. Law

- Companies (Cost Records and Audit) Amendment Rules, 2025
May 30, 2025

Co. Law

- Companies (Registration Offices and Fees) Amendment Rules, 2025
May 30, 2025

Co. Law

- Companies (Audit and Auditors) Amendment Rules, 2025.
May 30, 2025

Co. Law

- Companies (Management and Administration) Amendment Rules, 2025.
May 30, 2025

Co. Law

- Companies (Accounts) Second Amendment Rules, 2025
May 30, 2025

IT

- Corrigendum - Notification No. 44/2025, dated 06th May, 2025
May 30, 2025

IT

- Zero Coupon Bond - Specified bond notified u/s 2(48) of the Income-tax Act, 1961
May 30, 2025

Cus (NT)

- Assignment of 700 cases of pending Appeals to the Commissioner of Customs (Appeals), Mumbai Zone-I by the CBIC
May 30, 2025

Cus (NT)

- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
May 30, 2025

Cus

- Seeks to extend the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.03.2026; and reduce the basic custom duty on crude soya bean oil (HS Code 15071000), crude sunflower oil (HS Code 15121110), and crude palm oil (HS Code 15111000) from 20% to 10%
May 30, 2025

IT

- Corrigendum - Notification No. 42/2025 dated 01st May, 2025
May 29, 2025

More Notifications

Circulars/ Public Notices Circulars/ Public Notices

SEBI

- Framework for Environment, Social and Governance (ESG) Debt Securities (other than green debt securities)
June 5, 2025

SEBI

- Limited relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
June 5, 2025

SEBI

- Margin obligations to be given by way of Pledge/Re-pledge in the Depository System
June 3, 2025

SEBI

- Investor Charter for Research Analysts
June 2, 2025

SEBI

- Investor Charter for Investment Advisers
June 2, 2025

Customs

- Removal of Port Restrictions and Testing Requirements for Export of Finished Leather, Wet Blue Leather, El Tanned Leather and Crust Leather
June 2, 2025

DGFT

- Enlistment under Appendix 2E of FTP, 2023 -Agency Authorized to issue Certificate of Origin (Non - Preferential)
May 30, 2025

SEBI

- Measures for Enhancing Trading Convenience and Strengthening Risk Monitoring in Equity Derivatives
May 29, 2025

Income Tax

- Extension of the due date for filing of Income Tax Returns for non-audited cases for the Assessment Year 2025-26
May 27, 2025

SEBI

- Final Settlement Day (Expiry Day) for Equity Derivatives Contracts
May 26, 2025

SEBI

- Process for appointment, re-appointment, termination or acceptance of resignation of specific Key Management Personnel (KMPs) of a Market Infrastructure Institution (MII)
May 26, 2025

IBC

- Launch of Revised Forms for Corporate Insolvency Resolution Process (CIRP).
May 26, 2025

SEBI

- Accessibility and Inclusiveness of Digital KYC to Persons with Disabilities
May 23, 2025

FEMA

- Reporting on FIRMS portal Issuance of Partly Paid Units by Investment Vehicles
May 23, 2025

Customs

- Procedure to be followed in the case of undelivered articles/Return to Sender (RTS) parcels imported through Foreign Post Office- Chennai (Air)-Reg.
May 22, 2025

More Circulars

News News, PIB

China, US agree to more tariff talks amid trade standoff, Trump says after call with Xi
June 5, 2025


China silent about lifting export curbs on rare earth metals amid growing concerns in India, world
June 5, 2025


Trump speaks with Xi amid stalled talks between US, China over tariffs
June 5, 2025


ECB cuts benchmark interest rate by quarter point as Trump tariffs threaten economy
June 5, 2025


Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman and Minister of Foreign Affairs of the Kyrgyz Republic, Mr. Zheenbek Kulubaev Moldokanovich, sign the Protocol and exchange the Instrument of Ratification of Bilateral Investment Treaty (BIT) in New Delhi, today
June 5, 2025


RBI Guv Malhotra to announce monetary policy on Friday
June 5, 2025


CBI seeks custody of NCLT deputy registrar arrested on bribery charge
June 5, 2025


Railways empowers CRIS to authenticate passengers' Aadhaar ID; Will benefit genuine users: Vaishnaw
June 4, 2025


Spike in steel tariffs could imperil Trump promise of lower grocery prices
June 4, 2025


US and Europe trade negotiators say progress but no breakthroughs on tariff talks in Paris
June 4, 2025


The Latest: Trump promises to hike steel, aluminum tariffs to 50% starting Wednesday
June 4, 2025


US, Europe trade negotiators discuss tariffs in Paris
June 4, 2025


Union Commerce and Industry Minister Shri Piyush Goyal Commences Official Visit to Italy to Deepen Bilateral Economic Cooperation
June 4, 2025


India calls for WTO action on non-tariff barriers, ensuring strong dispute resolution mechanism
June 4, 2025


CCI approves proposed acquisition of The Interpublic Group of Companies, Inc. by Omnicom Group Inc.
June 4, 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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