Stay informed with key regulatory changes from June 23-29, 2025 across Income Tax, GST, Customs, DGFT, SEBI, MCA, IBBI, and RBI. Includes DTAA updates, anti-dumping duties, and new SEBI guidelines.
Tax professionals express concerns to the Finance Minister regarding the CBDT’s delayed release of ITR forms for AY 2025-26, impacting citizens, businesses, and audit timelines.
Analysis of GST SCNs clubbing multiple assessment years, legal provisions, and High Court rulings. Highlights issues of prejudice and differing limitation periods.
Analysis of GSTR-1 vs GSTR-3B mismatch, Section 128A interest/penalty waiver, and the controversial CBIC circular. Legal challenge advised for denials.
Delhi ITAT set aside penalties against Delhi Building & Others for Assessment Years 2007-08 and 2008-09, citing the Assessing Officer’s failure to specify the charge under Section 271(1)(c) of the Income Tax Act
Meghavi Minerals Pvt Vs ITO (Gujarat High Court) Gujarat High Court has upheld the Income Tax Officer’s (ITO) decision to reopen the assessment of Meghavi Minerals Pvt. Ltd. for the assessment year 2012-13. The court rejected the company’s challenge to the Section 148 notice of the Income Tax Act, 1961, which initiated reassessment proceedings based […]
KSCAA urges Union Finance Minister to reform Black Money Act (BMA) penalties. Sug-gestions include amnesty, proportional fines, higher thresholds, and a ‘reasonable cause’ test for taxpayers.
Learn to effectively handle faceless income tax scrutiny assessments. This guide covers notice receipt, timely response submission with proper documentation, detailed expense and loan reporting, and responding to show-cause notices for a smooth assessment process.
Karnataka High Court quashes order rejecting Manjeet Singh Chawla’s ‘Nil Tax Deduction Certificate’ request for Flipkart stock option compensation.
ITAT Mumbai quashes ₹5.39 crore income addition by AO, stating calculations based on two days’ bills were illogical for tax proceedings. Sales were already recorded by a successor firm.
