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Archive: 19 September 2025

Posts in 19 September 2025

IBBI not maintain records of insolvency petitions under other laws

September 19, 2025 159 Views 0 comment Print

A summary of an RTI appeal order regarding a request for an individual’s insolvency details. The IBBI directs the appellant to public records on the NCLT website.

India Extends Anti-Dumping Duty on Fluoroelastomers (FKM)

September 19, 2025 489 Views 0 comment Print

The Government of India extends the anti-dumping duty on Fluoroelastomers (FKM) imported from China until February 26, 2026, following a review by the DGTR.

Anti-Dumping Duty on Toluene Di-lsocyanate Extended

September 19, 2025 273 Views 0 comment Print

The Indian Ministry of Finance has extended the anti-dumping duty on Toluene Di-lsocyanate (TDI) imports from the European Union and Saudi Arabia until March 1, 2026.

IBBI Not Custodian of Personal Insolvency Data: RTI Appeal Dismissed

September 19, 2025 189 Views 0 comment Print

The Appellate Authority clarified that IBBI does not maintain individual insolvency records, and applicants must access information directly through NCLT and other relevant portals.

SEBI Proposes AIF NAV Reporting to Depositories

September 19, 2025 537 Views 0 comment Print

SEBI has issued a draft circular proposing that Alternative Investment Funds (AIFs) must report the Net Asset Value (NAV) of their units to depositories to enhance transparency.

SEBI Simplifies Security Transfers from Nominee to Legal Heirs

September 19, 2025 711 Views 0 comment Print

SEBI mandates the use of a new reason code, “TLH,” for security transmissions from a nominee to a legal heir to prevent incorrect tax assessments and streamline the process.

SEBI Updates Social Stock Exchange Framework

September 19, 2025 465 Views 0 comment Print

SEBI has amended its framework for the Social Stock Exchange (SSE), specifying new registration requirements and disclosure standards for not-for-profit organizations.

ITAT Ahmedabad on 80G Approval: Incidental Jain Religious Activities Do Not Bar Exemption

September 19, 2025 387 Views 0 comment Print

ITAT clarified that education and camps on Jain principles cannot be treated as wholly religious. Registration u/s 80G can only be denied if religious expenditure exceeds the statutory 5% threshold.

Vedic Education is Charitable, Not Religious, for Tax Exemption: ITAT Bangalore

September 19, 2025 591 Views 0 comment Print

ITAT Bangalore reverses a CIT(E) order, holding that teaching Vedas is a charitable activity, not a religious one, and an organization promoting it is eligible for Section 80G tax exemption. This decision relies on precedents that define Hinduism as a way of life.

Made a Mistake in Your ITR? Fix It Easily with Rectification of Income Tax Return u/s 154

September 19, 2025 5193 Views 1 comment Print

Learn about the process of rectifying income tax return errors under Section 154. This includes what qualifies as a “mistake apparent from the record” and the relevant timelines.

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