Affirming the High Court, the Supreme Court held that syndicate income assessable in the hands of the AOP cannot be reassessed in members’ hands.
SEBI relaxed documentation norms by increasing the simplified threshold, making it easier for investors to obtain duplicate securities certificates.
The government imposed anti-dumping duty on R-134a imports after finding dumping, price undercutting, and material injury to domestic manufacturers.
The 2025 regulations overhaul how Global In-House Centres can be set up and operated in IFSCs, replacing the 2020 regime. They clarify eligibility, services, compliance, and regulatory oversight to strengthen IFSCs as global financial hubs.
A tax audit official was arrested while accepting ₹5 lakh as part of an alleged bribe to reduce a proposed tax demand. The case highlights strict action against corruption in tax administration.
The Institute proposed new guidelines allowing members in practice to advertise, aiming to enhance competitiveness with global firms while maintaining ethical safeguards.
While gross collections rose modestly, higher corporate tax inflows boosted net direct tax collections. The figures underline the continued strength of corporate tax contributions to overall revenue.
The update formally amends the Handbook of Procedures to include an additional bank for gold imports, specifying validity, scope, and consumption limits.
Description: Authorities found dumped CRNO steel imports causing material injury and future threat, leading to definitive anti-dumping duty for five years to restore fair competition.
Authorities addressed concerns over cheap chemical imports. The ruling introduces minimum CIF thresholds while exempting export-focused units from the restriction.
