Day: October 27, 2025
CBIC assigns proper officer under section 74A, section 75(2) and section 122 of the Central Goods and Services Tax Act, 2017 CBIC has issued Circular No. 254/11/2025-GST dated 27/10/2025 assigning proper officer under section 74A, section 75(2) and section 122 of the CGST Act, 2017. Till now no …
MCA establishes Ten new offices of Registrars of Companies in India for registration of LLPs The Ministry of Corporate Affairs has established ten new offices of Registrars of Companies in India for the purpose of registration of Limited Liability Partnerships (LLPS) and discharging the functions under the Limited …
Merely because the decision of the High Court followed by Ao was sub-judice before the Supreme Court it would not make the assessment order erroneous. In a recent case, the ITAT Mumbai has held that merely because the decision of the High Court was sub-judice before the Hon’ble …
Deduction of interest on borrowings invested in capital of firm allowed against interest on capital under the head profit and gains from business or professions. In a recent judgment, ITAT Mumbai has allowed deduction of interest on borrowings invested in capital of the firm from which the assessee …
DGFT Clarification on applicability of restriction imposed on silver jewellery import by units located in Special Economic Zones (SEZs) Government of IndiaMinistry of Commerce & IndustryDepartment of CommerceDirectorate General of Foreign Trade Vanijya Bhawan, New Delhi,Dated: 27th October, 2025 Policy Circular No. 06/2025-26 To, 1. All Customs Authorities2. …
Even if search held invalid, information or material gathered may be relied upon by revenue only in a proceeding which is not illegal In a recent judgment, Hon’ble Supreme Court has declined to interfere with the judgment of High Court holding that even if the search is held …
FAQs on the new merged Customs notification dated 24.10.2025 and consequential amendments CBIC has issued Notification No. 45/2025-Customs dated 24.10.2025 which supersede 31 customs exemption notifications and prescribes effective rates of customs duty, IGST and compensation cess for goods imported into India. Also Notification No. 44/2025-Customs has been …
