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Abcaus

MCA new offices ROC

MCA establishes ten new offices of ROC for registration of LLPs

administrator October 27, 2025 Companies Act
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 …
Reliance decision sub-judice erroneous

Reliance on decision which is sub-judice wouldn’t make assessment order erroneous

administrator October 27, 2025 Income Tax, ITAT
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 …
interest borrowings invested capital

Deduction of interest on borrowings invested in capital of firm allowed against interest on capital

administrator October 27, 2025 Income Tax, ITAT
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 …
restriction import silver jewellery

DGFT clarifies applicability of restriction on silver jewellery import by units in SEZs

administrator October 27, 2025 DGFT
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. …
abcaus Supreme Court judgment

Information gathered in an illegal search can’t be used in an illegal proceeding

administrator October 27, 2025 Income Tax, Supreme Court
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 Merged Customs Notifications

FAQs on new merged Customs notification dated 24.10.2025 & consequential amendments 

administrator October 27, 2025 Excise/Custom
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 …

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