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MCA21 Records 80.26 Lakh Form Filings

February 6, 2025 489 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 837 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 5043 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 1404 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 2133 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 1212 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 1020 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 2106 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.

Proposed Amendments to Penalty Provisions in Income Tax Act

February 3, 2025 2940 Views 0 comment Print

Income Tax Act amendments propose penalties by Assessing Officers instead of Joint Commissioners. Omission of section 271BB and changes to section 246A included.

Updated Return Filing Time Limit Extended to 48 Months

February 3, 2025 3540 Views 0 comment Print

The Finance Bill, 2025 extends the time limit for filing updated returns to 48 months, with varying additional taxes based on filing time.

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