Customs CAVR Review Order 01/2025 extends the valuation rules for Linear Alkyl Benzene (HS 38170011) for one year, effective until September 25, 2026.
Finance Ministry launches GSTAT with nationwide benches and e-Courts Portal, offering taxpayers a digital, simplified forum for GST dispute resolution.
New GST reforms make health and life insurance premiums cheaper by exempting the 18% tax. But industry faces challenges like inverted duty on drugs and input tax credit issues for insurers.
ITAT Mumbai set aside the ex parte dismissal of a Trust’s Section 271(1)(b) penalty appeal. Tribunal mandated a fresh hearing, citing pending Section 144 assessment and natural justice.
ITAT Mumbai set aside DRP directions for Celestial Vision Ltd, ruling the DRP mixed up facts, failed to address 44BB applicability, and mistakenly discussed Section 147 reopening procedures.
In the instant case, the grievance of assessee was directed against the impugned notices dated 24.03.2025 and 28.05.2025 issued under Section 148A(1); the order passed under Section 148A(3); and the consequential notice issued under Section 148, all pertaining to AY 2019-20.
From Mandate to Choice: Karnataka HC Notes Centre’s Relaxation on Revised MRP After GST Cut Overview The Union Government has told the Karnataka High Court that re-stickered revised MRPs on unsold pre-22 September 2025 stock, following GST rate reductions, are now optional. A fresh advisory dated 18 September 2025 clarifies that manufacturers, packers, and importers […]
ITAT Mumbai set aside ex-parte assessment and appellate orders against the assessee for AY 2022-23. The matter is restored to the Assessing Officer for fresh adjudication, with the assessee directed to pay ₹25,000 to the PM Relief Fund.
The ITAT Ahmedabad has remanded a case involving the Narayan Cultural Mission, which was denied Section 80G approval due to alleged excessive religious expenditure.
The Kerala High Court ruled that taxpayers must first challenge the validity of a reassessment notice lacking a Document Identification Number (DIN) with the Assessing Officer.
