President Trump imposes a 25% tariff on Indian goods, challenging a new strategic partnership. This unilateral move strains relations and impacts key Indian economic sectors.
ITAT Ranchi dismisses Revenue’s appeal against deletion of Section 270A penalty on Uranium Corporation of India Ltd., citing inadvertent error and no revenue impact due to MAT.
IFSCA issues Master Circulars for capital market intermediaries in IFSC covering regulations, operations, and compliance under 2025 guidelines.
ITAT Ahmedabad rules on Krishnanagar Vaishnvsamaj vs. ITO, allowing a trust to claim deduction for income utilized within the original extended timeframe, despite a recent amendment.
CESTAT Bangalore held that State Cricket Association rendering services to their members cannot be leviable to service under ‘Club or Association Services’. Accordingly, demand confirmed on this count is set aside.
The Uttarakhand High Court has temporarily stayed the conviction of a vaccine scientist, citing national interest and public health. This decision allows him to resume his critical research.
ITAT Nagpur dismisses revenue appeals against Maharashtra Urban Co-operative Credit Society Ltd, affirming its entitlement to Section 80P deductions on interest income from nominal members and bank deposits, distinguishing the Supreme Court’s Totgars’ Co-operative Sales Society Ltd ruling.
ITAT Kolkata held that Foreign Tax Credit cannot be denied for delayed filing of Form No. 67 since the provision of DTAA override the provision of Section 90 of the Act and also filing it is directory requirement and not mandatory requirement. Accordingly, appeal allowed.
ITAT Amritsar sends back Mata Bhuvaneshori Asthapan Committees 12A/80G registration plea, citing pending re-registration under new J&K laws.
ITAT Surat grants 80G approval to Jay Bhawani Mandhani Charitable Trust after a religious clause in its deed was struck down, validating its charitable nature.
