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Tax Incentives and Revenue Loss: Corporate Sector Update

February 6, 2025 696 Views 0 comment Print

Details on tax incentives for corporates, revenue loss since 2020, monitoring mechanisms, emerging sector benefits, and job creation impact.

Income Tax refunds for approximately 12 lakh ITRs failed for AY 2024-25

February 6, 2025 1788 Views 0 comment Print

Out of 3.94 crore valid ITRs for AY 2024-25, refunds were processed for 3.68 crore. Reasons for delays include invalid bank details and pending verifications.

MCA21 Records 80.26 Lakh Form Filings

February 6, 2025 522 Views 0 comment Print

MCA21 portal saw 80.26 lakh form filings between April 2024 and January 2025, showcasing improved security, user experience, and stakeholder engagement.

Renewal of Nhava Sheva Freeport Terminal Custodianship

February 5, 2025 933 Views 0 comment Print

Customs Commissioner renews Nhava Sheva Freeport Terminal Pvt. Ltd.’s custodianship and CCSP status for 5 years under Customs Act, 1962.

IBBI suspends IP for charging fees of 18 lakh against admitted claim of ₹10 lakh

February 4, 2025 5160 Views 0 comment Print

IBBI Disciplinary Committee reviews the case of Insolvency Professional Anil Kumar Mittal for excessive fees during CIRP proceedings of M/s Divineseair Logistics.

IBBI publishes syllabus for Phase 9 of Limited Insolvency Examination

February 4, 2025 1536 Views 0 comment Print

IBBI releases Phase 9 syllabus for Limited Insolvency Examination. Applicable from May 5, 2025, details available on the IBBI website.

DGFT notifies Revised SION & Wastage Norms for Jewellery Exports

February 4, 2025 2379 Views 0 comment Print

DGFT revises wastage norms and SION for jewellery exports under Handbook of Procedures, 2023. Updates include gold, silver, and platinum manufacturing details.

Notification No. 08/2025-Customs (N.T.) – Adjudication Commissioner Appointed for Mundra Case

February 4, 2025 1305 Views 0 comment Print

CBIC appoints Commissioner of Customs (Adjudication), Mumbai for adjudication of supplementary notice involving 30 noticees, as per Notification No. 08/2025.

CCI Directs Consolidated Investigation into Google’s Ad-Tech Intermediation Practices

February 3, 2025 1077 Views 0 comment Print

Overview of Competition Commission of India’s decision on Maulik Surani’s allegations against Google for anti-competitive practices in ad-tech services.

GST on Takeaway vs Restaurant Sales: Gujarat AAAR Ruling

February 3, 2025 2217 Views 0 comment Print

Gujarat AAAR rules that pre-packaged food sold by Riddhi Enterprise is a supply of goods, not restaurant service, and subject to applicable GST with ITC benefits.

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