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E-Commerce in Digital Age: Integrating BIS Guidelines with DPDP Act Amendments to Finance Bill 2025: FM proposes to guillotine 6% equalisation levy Pre-deposit provisions in GST - A re-look warranted Govt appoints Ajay Seth as Finance Secretary CX - Company met the criteria for exemption as a new industrial unit under Notfn 20/2007-C.E. which make them entitled to ten-year excise duty exemption: CESTAT CBIC notifies Jewar Airport and Navi Mumbai for loading and unloading of goods for trade purposes ST - As is trite law, services, used either directly or indirectly for provision of output services, qualify for Cenvat credit; credit allowed on items such as Tower , Shelter , Electric Setup , and prefabricated shelters : CESTAT DGTR recommends anti-dumping duty on aniline or PEDA from China ST - Confusion about taxability of composite works contracts during relevant period led to short payment of tax; no intentional suppression of facts or fraudulent mis-statement by Assessee - Extended limitation not to be invoked: CESTAT White House mistakenly includes scribe in team of officials for briefing about military plans against Yemen Cus - Mere reliance on external data including London Metal Exchange (LME) prices or DGoV Circulars is insufficient grounds for valuation enhancement without supporting evidence : CESTAT Truck loaded with 300 gas cylinders goes aflame in UP ST - Promotional and marketing services to parent company, Airbnb Ireland, qualified as export of services and did not fall under category of intermediary services, making the company eligible for refund: CESTAT Ahmedabad Airport Customs seizes gold worth Rs 2.8 Crore I-T- Interest income earned from fixed deposits with co-operative banks qualifies for deduction u/s 80P(2)(d): ITAT Trump to slap 25% tariff if any country buys Venezuelan oil I-T - Consideration received rom sale of shares taken place in online platform of Stock exchange, can't be considered as unexplained cash credit u/s 68, if sale consideration was received by stock broker through banking channel: ITAT Hyundai to invest USD 21 billion in US Steel Plant I-T - Assessee needs to compute suo moto disallowance which is mandatory, even if no exempt income is earned: ITAT Chinese BYD logs 73% profit in Q4; sales surpass USD 100 bn mark I-T - Transaction of purchase & sale can't be treated as speculative in nature, when bill of lading related to high sea sales are not disputed: ITAT WHO flags 10% rise in child TB in Europe India to host 3-day FATF Private Sector Collaborative Forum 2025 in Mumbai American trade delegation to visit India soon I-T- Order passed allowing any relief without inquiring into claim, shall be deemed to be erroneous in so far as prejudicial to interests of revenue,warranting revisionary interference u/s 263 - YES: ITAT CBI arrests GM of NHAI in bribery case CCI probed 35 cartel cases in last 5 years: FM TN top cop explains playbook to probe virtual digital assets I-T - Guaranteed amount paid by assessee to meet out license fees for particular period, and to recompensate same to licensor, is not royalty and can be claimed as expenditure: ITAT Govt launches BAANKNET and e-BKray to enhance PSU Bank E-Auctions for Asset Sales I-T - Assessee engaged in only collection and transportation of solid wastes, are not eligible to claim deduction u/s 80IA: ITAT PMG reviews Mega Infra Projects in Bihar, Odisha, and West Bengal I-T- Violations of demonetization notifications per se do not justify additions u/s 68 or Section 115BBE, especially when source of the deposit is traced back to legitimate business receipts : ITAT Army doctors conduct 350 cataract surgeries during five-day camp in Bengal I-T- Re-assessment quashed where based on suspicions alone & where not based on adequate examination of relevant information : ITAT

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Technical Session 1: Decoding New Income Tax Bill 2025

March 25, 2025 | New Delhi

India to host 3-day FATF Private Sector Collaborative Forum 2025 in Mumbai

March 25, 2025 | New Delhi

CCI probed 35 cartel cases in last 5 years: FM

March 25, 2025 | New Delhi

Govt launches BAANKNET and e-BKray to enhance PSU Bank E-Auctions for Asset Sales

March 25, 2025 | New Delhi

PMG reviews Mega Infra Projects in Bihar, Odisha, and West Bengal

VISION 360 - February 2025

VISION 360 -
'A Treasury of Key Tax &
Regulatory Developments!'

February 2025 Edition

Building a Resilient Backbone: The Critical Role of Tech-Savvy Finance, Legal, Tax, and M&A Teams in Sustainable Growth

Technical Session 2 - Retrospective Taxation - Surge in GST Litigation - Possible Remedies.

Technical Session 3 : Sustainability - An Economic Imperative.

March 24, 2025

TP - If intra-group services utilized by assessee are supporting core activities of assessee, there is no infirmity in assessee adopting TNMM as most appropriate method: ITAT

March 24, 2025

I-T - AO must examine if management fees is in nature of FTS or not, before making disallowance of payments made to overseas parties for services rendered by them, which did not have PE in India: ITAT

March 25, 2025

IPR - Clear case of capitalizing on plaintiff's goodwill & reputation, by infringing products bearing plaintiffs trademark, calls for compensation and damage cost: HC

March 25, 2025

IBC - Commercial wisdom of Committee of Creditors (CoC) in rejecting resolution plan and opting for liquidation is 'non-justiciable': NCLAT

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