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Archive: June, 2025

Posts in June, 2025

Section 80G Approval cannot be denied merely on presumptions: ITAT Hyderabad

June 12, 2025 498 Views 0 comment Print

ITAT Hyderabad remands Mahindra University’s 80G application to CIT(E), citing arbitrary rejection despite prior 10(23C)(vi) approval for charitable education.

ECS Enabled for MSSC Withdrawals in Post Offices

June 12, 2025 1743 Views 0 comment Print

ECS option is now available for MSSC withdrawals via Finacle, along with cash, POSA credit, and Postmaster Cheque modes. Update issued by Dept of Posts.

CBIC Issues Consolidated SCOMET Clarification Repository

June 12, 2025 2079 Views 0 comment Print

CBIC releases Instruction No. 15/2025-Customs, providing a consolidated online repository of DGFT clarifications on SCOMET item applicability for customs officials.

Sports Goods Export Promotion Council’ Renamed for Issuance of RCMC: DGFT

June 12, 2025 447 Views 0 comment Print

The Directorate General of Foreign Trade (DGFT) has officially changed ‘The Sports Goods Export Promotion Council’ to ‘Sports Goods & Toys Export Promotion Council’ with updated contact details in FTP 2023.

Sports Goods Export Promotion Council Renamed for Issuing Non-Preferential Certificates: DGFT

June 12, 2025 366 Views 0 comment Print

India’s DGFT announces the renaming of ‘The Sports Goods Export Promotion Council’ to ‘Sports Goods & Toys Export Promotion Council’ and updates its contact details in Public Notice No. 10.

Death of “Get Rich Quick Stock Tips?” SEBI’s New Regulations Regarding Finfluencers

June 12, 2025 1917 Views 0 comment Print

SEBI’s updated guidelines, effective January 29, 2025, aim to regulate finfluencers by restricting real-time data use, mandating prior approval for investment advice, and prohibiting associations between registered and unregistered entities. These measures seek to protect investors from misleading information and financial losses, addressing a regulatory gap and the potential for manipulation in the Indian securities market. The guidelines highlight a global effort to regulate financial advice provided by online influencers.

CBDT notifies NABARD Zero Coupon Bond for Tax Exemption

June 12, 2025 1671 Views 0 comment Print

Ministry of Finance designates specific NABARD bond as zero coupon for tax exemption. Learn about the bond’s maturity, discount, and issuance details.

Sessions Court Erred by Not Taking Cognizance Against Respondents 2 & 3: MP HC

June 12, 2025 300 Views 0 comment Print

The Madhya Pradesh High Court ruled that a Sessions Court erred by not taking cognizance against respondents in a criminal case, citing a “passive role” by the lower court. The High Court reversed the decision, directing cognizance be taken under CrPC Section 193.

Section 73/74 Anti-Evasion Proceedings are Independent of Section 122 Penalty: Allahabad HC

June 12, 2025 7959 Views 0 comment Print

Patanjali Ayurved Ltd. Vs Union of India And Others (Allahabad High Court) In the recent case of M/S PATANJALI AYURVED LTD v. UNION OF INDIA AND OTHERS, the Allahabad High Court held that proceedings under Section 73/74 stand independent of the proceedings under Section 122. Abatement of proceedings under Section 74 of the CGST Act […]

Alipurduar Court Grants Bail in ₹15.30 Crore Cement Smuggling & IGST Evasion Case

June 12, 2025 1110 Views 0 comment Print

Alipurduar Court grants bail to Sushil Agarwal, accused in a Rs 15.30 crore cement smuggling case, citing Supreme Court guidelines on liberty and prolonged custody.

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