Ahmedabad ITAT deletes Rs. 8.01 lakh income addition based on third-party disclosure, emphasizing the need for independent evidence and cross-examination.
CESTAT Hyderabad ruled that crude shea butter with high FFA content is not edible grade, denying customs duty exemption and upholding the original assessment.
Madras High Court has directed authorities to review BNBS Exports representation to remove risky exporter tag and sanction pending duty drawback and RoDTEP claims
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CESTAT Ahmedabad has dismissed Customs duty and penalty demands against Sterling Generators (EOU), ruling the extended limitation period was not invokable due to full disclosure in records.
The Chhattisgarh High Court has upheld a Central GST show cause notice against South Eastern Coalfields Limited, clarifying that Section 6(2)(b) does not bar a notice without a prior adjudication.
The ITAT Mumbai has ruled that a company’s share of a partnership loss cannot be added back to its book profits under Section 115JB, clarifying the computation of book profits under the Income Tax Act.
RBI releases updated 2025 guidelines on co-lending arrangements for banks and NBFCs, covering compliance, disclosure, borrower rights, and operational rules.
The RBI has issued new directions for non-fund based credit facilities, effective April 2026, consolidating guidelines for banks, NBFCs, and AIFIs.
A recent CBIC circular suggests GST on electricity charges recovered by landlords from tenants, raising concerns over constitutional overreach and its impact on the real estate sector.
