Discover the mandatory provisions of India’s new Labour Codes effective 21 Nov 2025, including wages, working hours, overtime, and social security requirements.
ITAT Delhi held that reassessment under Section 147 is invalid if notice under Section 143(2) is not issued after filing of return. Entire proceedings quashed for procedural lapse.
ITAT confirmed that ownership of additional properties under construction does not block Section 54F deduction if they are business assets. Deduction on LTCG invested in residential property was upheld.
Explains the rationale behind consolidating decades-old labour laws into four modern codes and highlights how simplification aims to improve compliance and worker protection.
The notification deals with updating tariff benchmarks for oils, metals, and areca nuts. It confirms that customs duty will be levied based on the revised values from the notified date.
ITAT Delhi held that Section 115BBDA applies only to Individuals, HUFs, and Firms. Dividend income of a registered trust remains fully exempt under Section 10(34), with the addition deleted.
This notification clarifies the conditions under which a development authority qualifies for tax exemption. The ruling highlights that continued constitution under the relevant State law is mandatory to retain benefits.
This notification addresses whether statutory development authorities qualify for income-tax exemption under section 10(46). The key takeaway is that specified non-commercial income is exempt, even retrospectively, when statutory conditions are fulfilled.
Appeals arising from searches, requisitions, and surveys are now mapped to designated appellate officers. The key takeaway is clearer jurisdictional alignment for complex cases.
The government extended the existing anti-dumping duty on specified glass wool imports. The key takeaway is continued trade protection during the review period.
