CESTAT Kolkata held that ‘Works Rolls’ are Capital Goods and not spare parts and hence eligible to be imported against full utilization of Status Holder Incentive Scheme [SHIS Scheme]. Accordingly, appeal of assessee allowed.
ITAT Mumbai held that alternative claim of assessee (lessee) to allow depreciation on Finance Lease Rental Payment is allowable since lessor is allowed deduction of the same under section 37(1) of the Income Tax Act.
Learn about Dividend Distribution Policy, its importance, factors affecting dividend payout, and the balance between retention and payout for shareholders.
ITAT Mumbai rules Sita USA’s airline software services not taxable in India under FTS or DTAA. Revenue appeals for AY 2014-15 to 2021-22 dismissed.
A summary of key updates for Income Tax, GST, RBI, and legal matters issued from April 7-13, 2025, including exemptions, tax forms, and regulatory changes.
RBI mandates PRAVAAH portal for all regulatory applications starting May 1, 2025. Over 100 forms available, enhancing efficiency.
Dholera in Gujarat is now a notified customs port for import and export operations, as per CBIC Notification No. 25/2025-Customs (N.T.) dated April 15, 2025.
CBIC updates tariff values for palm oils, metals, and areca nuts under Customs Act; changes effective from April 16, 2025, as per latest notification.
CBIC to launch electronic clearance for personal import/export at airports. Lucknow CGST’s Swachhta initiative. DRI busts Mephedrone lab. DRI officer recognized.
DGFT revises Coal Import Monitoring System (CIMS) policy; registration fees now aligned with Appendix 2K, effective immediately from April 15, 2025.
