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FAQs for HSNS Cess Act, 2025 and HSNS Cess Rules, 2026 Q1. Who is required to get registered under the HSNS Cess Rules? Ans. Every taxable person as per section 3 of the Health Security se National Security Cess Act, 2025 (hereinafter referred to as ‘the Act’) must …
Refusing to condone delay can result in a meritorious matter thrown out at very threshold against case being decided on merits after hearing the parties In a recent judgment, ITAT Mumbai has condoned the delay in filing appeal observing that Hon’ble Supreme Court had held that refusing to …
When prior period expenses are not admissible as deduction, following the same principle the prior period income also cannot be considered as income In a recent judgment, ITAT Ahmedabad accepted the contention that if the prior period expenses are not admissible as deduction, following the same principle the …
Supreme Court condoned delay of 972 days in filing appeal due to restructuring in Income Tax Department In a recent judgment, Hon’ble Supreme Court has quashed order of the Calcutta High Court dismissing the application of Income Tax Department for condonation of delay of 972 days in filing …
Addition can not be made relying on the valuation report of property when the stamp duty valuation is also available on record – ITAT In a recent judgment, ITAT Agra has held that addition can not be made for inadequate sale consideration of property sold merely relying on …
Wrong claim of deduction u/s 54F/54B was not a case of concealment of particulars of income or furnishing inaccurate particulars In a recent judgment, ITAT Pune has held that making a wrong claim of deduction u/s. 54F/54B was not a case of concealment of particulars of income or …
CBIC notifies GST rates and value of taxable supply for Biris, Pan Masala / tobacco products Ministry of Finance(Department of Revenue) Notification No. 19/2025- Central Tax (Rate) G.S.R. 949(E).— In exercise of the powers conferred by sub-section (5) of section 15 of the Central Goods and Services Tax …
CBIC has issued a Standard Operating Procedure (SoP) for wearing Body Cam by Custom officers responsible for Baggage Clearance According to Instruction issued in this regard, CBIC has stated that aligning with the international best practices it has been decided to prescribe Body Worn Cameras (BWC) for baggage …
MCA amends rules regarding Directors KYC and updation MINISTRY OF CORPORATE AFFAIRSNOTIFICATION New Delhi, the 31st December, 2025 G.S.R. 943(E).—In exercise of the powers conferred under second proviso to sub-section (1),sub-section (4), clause (f) of sub-section (6) of section 149, sub-sections (3) and (4) of section 150, section …
Deferment of ICAI Phase IV Peer Review Mandate to 31.12.2026 The ICAI has decided that Phase IV of the Peer Review mandate which is applicable from 01.01.2026 be extended to 31.12.2026. This is not the first time, ICAI has deferred implementation of Phase IV of the Peer Review …
