CBDT has notified revised ITR forms for Assessment Year (AY) 2025-26, introducing a series of notable changes aimed at improving accuracy, transparency and granularity of income reporting across various taxpayer categories.
CBDT allows processing of delayed ITRs filed under Section 119(2)(b) by March 2024. Refunds and related provisions to follow, with intimation by March 2026.
RBI updates Depositor Education & Awareness Fund Scheme, 2014, with consolidated operational guidelines effective October 1, 2025, for all banks.
ITAT Mumbai held that in the present case there is a surrender of tenancy rights against which a new flat has been allotted. Thus, deduction u/s. 54F admissible against the capital gain so computed on surrender of tenancy right.
CAAR Mumbai resolves classification dispute for Clutch Master and Slave Cylinders. Ruling rejects CTH 8412, placing items under CTH 8708 as vehicle parts.
Mumbai’s CAAR classifies Insulated Gate Bipolar Transistors (IGBTs) under CTH 8541.29.00, citing HSN notes. The ruling impacts EV component importers.
CAAR Mumbai classifies Novus Animal Nutrition’s ‘XYLAMAX’ under CTH 2309 90 90 as an animal feed preparation, not an enzyme, based on its composition and use.
CAAR Mumbai classifies roasted cashews under CTI 20081910 but declines to rule on roasted areca nuts and scented supari due to existing court orders and litigation.
CAAR Mumbai rules Viewsonic data projectors are for ADP use under CTI 85286200 and get duty exemption, citing key judicial precedents on ‘principal use’.
Learn if GST registration is required in Tamil Nadu for trading “rubber stopper” products imported and stored in a Free Trade Warehousing Zone (FTWZ) for pharmaceutical use.
