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Notification No. 92/2025 – Income Tax, Dated: 11th July, 2025

July 11, 2025 489 Views 0 comment Print

The CBDT has extended the tax exemption under Section 10(23FE) of the Income-tax Act, 1961, from March 31, 2025, to March 31, 2030. This notification amends the previous order and is effective from April 1, 2025.

Notification No. 83/2025 – Income Tax, Dated: 11th July, 2025

July 11, 2025 630 Views 0 comment Print

The CBDT has extended the tax exemption under Section 10(23FE) of the Income-tax Act, 1961, from March 31, 2025, to March 31, 2030. This notification amends the previous order and is effective from April 1, 2025.

Unrealized Rent income cannot be taxed even if TDS is deducted on accrual basis

July 10, 2025 1122 Views 0 comment Print

ITAT Mumbai grants Vishwaroop Infotech partial relief on unrealized rent and Section 14A disallowance, highlighting commercial expediency and proper expense attribution.

Anti-Dumping Duty on Malaysian Glass Extended

July 10, 2025 1422 Views 0 comment Print

India extends anti-dumping duty on Clear Float Glass from Malaysia until February 10, 2026, following a review by the Ministry of Finance.

Customs Amends Import Policy for Iridium, Osmium Alloys

July 9, 2025 609 Views 0 comment Print

India’s customs department has revised import policy for iridium, osmium, and ruthenium alloys containing over 1% gold by weight, classifying them as restricted.

New SIONs for Chemical Exports Notified by DGFT

July 8, 2025 717 Views 0 comment Print

DGFT Public Notice 14/2025-26 details new Standard Input Output Norms (SIONs A-3687, A-3688, A-3689) for chemical and allied products like Azithromycin and Ceftazidime.

IBBI Amends Corporate Insolvency Resolution Process

July 4, 2025 1038 Views 0 comment Print

The IBBI’s 2025 amendment mandates disclosure of avoidance transactions in information memorandums and restricts their assignment in resolution plans.

ICAI Invites Comments: Forensic Investigation Rule

July 4, 2025 723 Views 0 comment Print

ICAI seeks public comments by July 31, 2025, on proposed amendments to Regulation 204, introducing “Forensic Investigation” into Chartered Accountants Regulations.

SEBI Reviews Framework for conversion of Private Listed InvIT into Public InvIT

July 1, 2025 867 Views 0 comment Print

SEBI proposes changes to InvIT conversion framework, including removing sponsor and non-sponsor lock-in requirements and aligning disclosures with follow-on offers.

No Section 115BBE addition by considering credits to bank account as income

June 28, 2025 1371 Views 0 comment Print

Delhi ITAT partially allows Rohit Goel’s appeal against ACIT, addressing unexplained cash deposits, out-of-book purchases, and assessing income based on bank credits.

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