Month: October 2025
Purchase price per unit of unaccounted river sand can not be taken solely on the sworn statement of the partner without corroborative material In a recent judgment, ITAT Chennai has held that purchase price per unit of unaccounted river sand purchased by the firm can not be determined …
ITC can not be denied to purchaser who had paid due taxes on invoice raised where the seller did not deposit the collected tax with the Government. In a recent judgment, Hon’ble Supreme Court has held that Input Tax Credit can not be denied to the registered purchaser …
MCA further extended time for filing e-form DIR-3-KYC and web-form DIR 3-KYC-WEB without fee upto 31.10.2025 Ministry of Corporate Affairs has issued circular No. 05/2025 to further extend time for filing e-form DIR-3-KYC and web-form DIR 3-KYC-WEB without fee upto to 31.10.2025. Earlier MCA had issued General Circular …
Mining done without environmental clearances or beyond the quantity prescribed in Environment clearance or approved mining plan not illegal mining In a recent judgment, the Orissa High Court upheld quashing of reassessment holding that mining done without environmental clearances or beyond the quantity prescribed in the Environment clearance …
SEBI relaxes minimum information of related party transaction to be provided to audit committee and shareholders for approval SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) require related party transactions (RPTs) to be approved by the audit committee and by the shareholders, if material. Industry Standards …
ICAI allows extended / last opportunity to submit MEF for FY 2025-26 on 16.10.2025 and 17.10.2025 Earlier ICAI had extended last date to submit MEF for FY 2025-26 to 10th October, 2025. ICAI had recently hosted Multipurpose Empanelment Form (MEF) of Chartered Accountants/firms for the year 2025-26 for …
In an unabated assessment, statement made by a third party can’t be treated as incriminating material In a recent judgment, ITAT Kolkata has held that in an unabated assessment incriminating material in terms of provisions of Section 153A cannot be in the form of statement of a third …
Expiry of e-way bill before reaching destination will not attribute to intention to evade payment of tax In a recent case, the Allahabad High Court has reiterated that expiry of e-way bill before reaching destination due to breakdown of the vehicle will not attribute to intention to evade …
Government Launches Employees’ Enrolment Campaign 2025 to Expand Social Security Coverage of Employees. Scheme to be Operational from November 1, 2025, to April 30, 2026 The Ministry of Labour and Employment has announced the ‘Employees’ Enrolment Campaign, 2025′ (EEC 2025), a significant initiative to bring a large number …
Gujarat High Court directs CBDT to extend the due date for filing ITR in audit cases to 30.11.2025 to maintain one months mandatory gap. In a recent judgment, the Gujarat High Court has directed CBDT to extend the due date for filing ITR in audit cases to 30.11.2025 …
