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Archive: 26 May 2025

Posts in 26 May 2025

Jalna Notified as Customs Cargo Handling Port

May 26, 2025 762 Views 0 comment Print

Jalna in Maharashtra added as a customs station for loading/export and unloading/import of goods under Customs Act via Notification No. 37/2025.

RoDTEP Rates Updated to Match Customs Tariff 2025

May 26, 2025 6003 Views 0 comment Print

RoDTEP schedule updated from May 1, 2025, to align with Customs Tariff Act changes under Finance Act 2025. Updated rates available on DGFT website.

SC Upholds Application of Res Judicata Across Proceedings and Stages

May 26, 2025 6942 Views 0 comment Print

 Supreme Court examines Sulthan Said Ibrahim’s appeal against impleadment and tenancy claims, as specific performance decree faces persistent delays in execution.

ICAI Code of Ethics: Guiding the Profession with Integrity and Trust

May 26, 2025 5514 Views 0 comment Print

Explore the ICAI Code of Ethics—its structure, key rules, and disciplinary process ensuring ethical conduct by Chartered Accountants in India.

Overview of taxation & remittance of Sale of Property by Non Resident Indian (NRI)

May 26, 2025 6426 Views 0 comment Print

Understand tax implications for NRIs selling Indian property, including capital gains, revised rates, TDS impact on cash flow, and the process for repatriating sale proceeds.

Long Term Capital Gain On Immovable Properties – After Budget 2024

May 26, 2025 17286 Views 9 comments Print

Explore India’s 2024 Union Budget changes to LTCG tax on immovable property, including indexation removal, revised tax rates, and the grandfathering provision.

ECrL blocking order cannot be passed without pre-decisional hearing: Karnataka HC

May 26, 2025 4545 Views 2 comments Print

Karnataka High Court ruled that blocking an Electronic Credit Ledger (ECrL) requires a pre-decisional hearing, emphasizing natural justice principles and objective reasons.

Reassessment u/s. 148 untenable as mandatory requirement of 149(1)(b) not complied

May 26, 2025 2319 Views 0 comment Print

Karnataka High Court held that assumption of jurisdiction under section 147 of the Income Tax Act untenable since mandatory requirement of section 149(1)(b) of the Income Tax Act not complied. Accordingly, writ petition allowed and notice u/s. 148 quashed.

Disallowance u/s. 40(a)(i) quashed as commission paid to non-resident outside India is not taxable

May 26, 2025 1245 Views 0 comment Print

ITAT Jaipur held that disallowance u/s. 40(a)(i) of the Income Tax Act untenable since amount of commission paid to a non resident outside India for the services rendered outside India will not fall in the category of income, and as such would not be chargeable to tax.

A Judge Should Not Hesitate To Offend Anyone: Justice AS Oka

May 26, 2025 738 Views 0 comment Print

West UP lacks a High Court Bench despite huge caseloads. Calls grow louder to address judicial imbalance in Uttar Pradesh, Bihar, and Rajasthan.

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