RBI proposes a draft External Commercial Borrowing (ECB) framework linking limits to net worth or USD 1 billion, simplifying MAMP, and easing end-use rules.
Gujarat AAAR rules Zydus Lifesciences must reverse ITC on inputs linked to mutual fund transactions, treating them as exempt supplies under GST law.
IFSCA authorized CCIL IFSC to operate a Foreign Currency Settlement System in GIFT IFSC and notified its governing Bye-Laws and Regulations for financial institutions.
Valuation of immovable property is often at the heart of disputes, especially in matters relating to capital gains, Section 50C adjustments, or unexplained investments. In such cases, a registered valuer’s report, prepared under Section 34AB of the Wealth Tax Act, serves as a technical and evidentiary foundation for determining fair market value.
ITAT Delhi sets aside reassessment, ruling the PCIT’s ritualistic S. 151 approval for S. 148 notice invalidates the proceedings; “mechanical approval is fatal.”
A comprehensive guide to applying for a 15-digit GSTIN online in 2025. Learn the step-by-step process, required documents (PAN, Aadhaar, address proof), zero government fees, and how to check your ARN status.
An assessment order passed in the name of a non-existent entity, such as a company that has been amalgamated into another, was a fundamental jurisdictional error and was null and void from the beginning.
Telangana High Court held that genuineness and validity of will are civil disputes and should not be adjudicated by TSGST authorities since appropriate jurisdiction in such matter lies with the Civil Court.
ITAT Delhi deletes ₹11.54 crore addition on loan transactions, ruling the S. 147 reassessment invalid and confirming “suspicion is not proof” for genuine loans.
The 56th GST Council (Sept 2025) set the compensation cess to Nil on many imports, lowering costs. However, this GST 2.0 change creates immediate compliance risks and cash-flow issues regarding blocked, unutilized cess ITC balances.
