DGFT amends Appendix 2B of FTP 2023 to include agencies authorized to issue Certificates of Origin under the India–EFTA Trade and Economic Partnership Agreement (TEPA).
Global tax system is struggling with digital economy’s value creation. OECD’s Pillars 1 & 2 introduce new taxing rights and a 15% minimum tax to combat profit shifting.
J&K HC ruled that tax officers must consider a delayed reply to a GST SCN u/s 73 if filed before the final order, holding that ignoring it violates natural justice.
Learn how to handle rejection and setbacks in prop firm trading with structured resets, discipline, and recovery systems that turn failures into growth.
The High Court issued an interim direction against the CIT (Exemptions) orders that rejected the condonation of significant delays in a charitable trust’s Form 10B filing. The ruling provides interim protection, ensuring the trust’s substantive exemption claim isn’t defeated by technical filing delays while the CBDT’s new restrictive guidelines are under judicial scrutiny.
The ITAT Pune set aside a best judgment assessment (u/s 144) that arbitrarily estimated an 8% net profit for a poultry farm and disallowed interest expense. The Tribunal ruled that substantive justice requires a fresh adjudication, remanding the case to the AO to allow the assessee a fair chance to present audited books and evidence.
RBI’s 2025 Directions mandate banks to offer nomination for deposits/lockers, aligning with new laws. Customers must be informed; non-nomination requires a declaration.
ICAI mandates that CAs must now record the type of audit opinion (Unmodified, Qualified, Adverse, or Disclaimer) when generating UDINs for audits, effective June 20, 2025. This aims to enhance audit transparency and regulatory tracking.
ITAT Agra deleted additions on gifts received from real sisters, holding that when identity, genuineness, and creditworthiness are proven, Section 68 cannot apply to family gifts made out of natural affection.
ROC Goa imposes Rs. 5,50,000 penalty on MEGA STRUCTURES REALESTATE LTD for violating Section 187 of the Companies Act by failing to transfer acquired assets into the company’s name.
