An order from the Central Board of Indirect Taxes and Customs (CBIC) assigns appeals filed on or after July 1, 2017, under Central Excise and Service Tax act.
SEBI’s circular simplifies the Disclosure Document for Portfolio Managers, splitting it into static and dynamic sections to ease compliance and updates.
The Gujarat High Court quashed a customs duty reassessment against Mohit Minerals, ruling that authorities must provide a hearing and a speaking order before finalizing assessments.
Centre permits revised MRPs on unsold stock after GST changes till 31 Dec 2025, subject to conditions on stamping, display, and consumer notification.
Summary of key notifications and circulars from Sep 1-7, 2025. Covers updates from Income Tax, GST, DGFT, SEBI, and RBI, including court rulings on reassessment notices, GST refunds, and regulatory changes for InvITs and REITs.
Legal analysis of Facial Recognition Technology in India. Examines FRT’s impact on privacy rights, critiques current regulations, and proposes a rights-based legal framework for its use.
The Karnataka High Court directed the IT Department to refund excess TDS to the Azim Premji Foundation, along with statutory interest, stressing that refunds cannot be indefinitely withheld.
The Karnataka High Court directed the Income Tax Department to issue a refund with interest to M N Dastur & Company, reinforcing that refunds cannot be withheld after an ITAT order.
The Supreme Court ruled that a promissory note’s cash component cannot be disbelieved for lack of separate proof. The ruling reinforces that the Negotiable Instruments Act presumption applies to the full value.
The ITAT Bangalore ruled in favor of HP India Sales, quashing major tax additions. The tribunal upheld the company’s consistent accounting practices for revenue recognition, discounts, and provisions, reinforcing mercantile principles.
