CAAR Mumbai has ruled in the matter of Godrej & Boyce Manufacturing Company Limited, classifying the imported 'Forklift Drive ...

The DGFT has mandated that meat exporters must contribute to the Meat Export Development Fund (MEDF) for all shipments starting Oct 29, 2025. Compliance is required to avoid ...

Allahabad HC rules that Section 74 cannot be invoked for mere procedural errors. Penalties require fraud, willful misstatement, or deliberate suppression of ...

Understand why ITR refunds are delayed, how processing works at CPC, and steps taxpayers can take to track status, verify accounts, and ensure smooth ...

The ITAT deleted a Rs.1.30 crore addition, ruling that the reassessment was invalid because the reason for reopening (payments made by the assessee) was entirely different from the reason for the ...

The Supreme Court restored just compensation for the family of a deceased engineer, ruling that for MACT claims, income must include all emoluments and allowances, not just basic pay and DA, ...

The ITAT instantly dismissed the Revenues appeal because it only challenged the merits of additions, not the CIT(A)s core finding that the reassessment notice was time-barred. When the foundation of ...

ITAT Kolkata held that issuance of reassessment notice under section 148 of the Income Tax Act expiry of specified period of limitation is time barred and hence invalid and bad-in-law. Accordingly, ...

CESTAT Delhi held that penalty under section 114AA of the Customs Act can duly be imposed for mis-declaration in imports. Accordingly, penalty of Rs. 30,00,000 imposed u/s. 114AA is modest since the ...

EPFO has released FAQs on the Revamped Electronic Challan-cum-Return (ECR) system, mandatory from the September 2025 wage ...

RBI amended FEMA regulations to permit Indian exporters to hold Foreign Currency Accounts in IFSC banks (like GIFT City).