Customs notification introduces regulations for storage and clearance of goods at Authorised Importer premises under the Customs Act, 1962.
CBIC introduces online Customs refund applications via ICEGATE. Manual refunds allowed till 31st March 2025. Transition ensures transparency and efficiency.
CBIC launches Ekal Anubandh for unified multipurpose electronic bonds. Streamlines trade processes with SEB and e-bank guarantees for customs transactions.
SEBI mandates standardized Most Important Terms and Conditions (MITC) for Research Analysts, ensuring transparency in research services. Effective immediately.
SEBI mandates standardized Most Important Terms and Conditions (MITC) for Investment Advisers, ensuring transparency in advisory agreements. Effective immediately.
RBI permits matching, clearing, and settlement of Government securities transactions between PMs and GAHs on NDS-OM. Optional CCIL settlement included.
ICAI invites Chartered Accountants/Experts to contribute questions for the Self-Paced Module Exams under the New Scheme. Submit by following guidelines online.
The Calcutta High Court quashes a duplicate service tax demand for the same period in Arjun Chettri vs Union of India & Ors, ordering the unfreezing of bank accounts.
FSSAI revises Central Food Safety Officers list, updates jurisdiction for Eastern and Northern regions. Details of the amendment and changes in notification inside.
Zoho Corporation’s attempt to deduct foreign taxes as business expenses under Section 37 of the Income Tax Act was rejected by the ITAT Chennai. The tribunal upheld the disallowance, citing Section 40(a)(ii) and emphasizing the distinction between foreign tax credit under Section 90/91 and business expense deductions. This ruling clarifies the limitations on claiming foreign tax deductions and reinforces the interpretation of relevant tax provisions.
