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Archive: 23 April 2025

Posts in 23 April 2025

Bombay HC Criticizes ITAT for Delayed Order, Restores Rectification Plea

April 23, 2025 2487 Views 0 comment Print

Bombay High Court criticizes ITAT for delayed order, sets aside rejection of Otters Club’s rectification plea, citing ITAT Rules violation.

Section 263 cannot be invoked When AO Conducts Reasonable Inquiry: SC Affirms

April 23, 2025 1908 Views 0 comment Print

Revisional powers under Section 263 cannot be exercised when AO has already conducted reasonable inquiries and taken a plausible view: SC

Import of Synthetic Knitted Fabrics ‘Free’ if CIF Value is $3.5 or Above per Kg: DGFT

April 23, 2025 1965 Views 0 comment Print

DGFT notifies extension of Minimum Import Price (MIP) on specific synthetic knitted fabrics until March 31, 2026. Exemptions apply for certain exporters.

DGFT Seeks Views on SCOMET Export Rule Changes

April 23, 2025 897 Views 0 comment Print

DGFT invites stakeholder feedback on draft changes to FTP 2023 for temporary export of SCOMET items for testing and evaluation. Submissions due in 10 days.

IFSCA Updates Fee Structure for IFSC Regulated Entities

April 23, 2025 1665 Views 0 comment Print

IFSCA clarifies and amends fee rules for IFSC entities, including FMEs, PSPs, PSOs, and Finance Companies. Details on application, recurring, and late fees.

Minimum Wages Act, 1948 – Key Provisions & Scope

April 23, 2025 3360 Views 0 comment Print

Explore the Minimum Wages Act, 1948—its objectives, scope, enforcement, legal remedies, and historical evolution in Indian labour law.

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