ITAT emphasized that section 69C applies only to unexplained or unrecorded expenditure; recorded educational expenses cannot be arbitrarily disallowed.
The Supreme Court directs all states and UTs to create rules for Anand Karaj marriage registration within four months, ensuring equal legal standing for Sikh marriages.
ICAI requests CBDT to extend tax audit and ITR filing deadlines due to delayed ITR utilities and seeks auto-renewal of registrations for small trusts expiring in 2026.
The CA Association Jalandhar has requested extension of TAR and 12A renewal deadlines to 30 Nov 2025 citing ITR delays, portal issues, and flood disruptions
Govt allows manufacturers to use existing stock and packaging without re-labelling until 31 Mar 2026; revised GST prices to be communicated to retailers.
Govt permits revised MRPs on unsold stock from 22 Sept 2025 after GST rate cuts. Businesses must display both old and new MRPs with clear disclosures.
A recent ITAT Patna decision underscores that genuine tax claims aren’t defeated by incorrect section citations. Taxpayers can seek rightful exemptions if conditions are met, even with minor errors.
The Ministry of Finance has issued a new GST notification (9/2025-Central Tax) dated September 17, 2025, revising central tax rates on various goods across seven schedules, effective immediately.
The Calcutta High Court has set aside a 200% GST penalty on a business for an expired e-way bill, ruling the tax authority failed to prove an intent to evade tax.
Key regulatory updates from Sep 8-14, 2025: Income Tax TDS, GST discounts & refunds, Customs tariff values, SEBI AIF/ICDR changes, MCA merger rules, IBBI judgments & more.
