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[World Corporate Law News] SEC Approves Generic Listing Norms for Commodity Trusts
[2025] 178 taxmann.com 525 (Article) World Corporate Law News provides a weekly snapshot of corporate law developments from around the globe. Here’s a glimpse of the key corporate law update this week. 1. Securities Law SEC approves of generic listing standards for Commodity-Based Trust Shares On September 17, 2025, the U.S. Securities and Exchange Commission […]
Order under section 119 of tbe Income-tax Act, 1961 for waiver of interest payable under section 220(2) due to late payment of demand, in certain cases
Publish Date : Friday, September 19, 2025 source
[Opinion] E-Filing Glitches Delay ITR Filing for Audit Cases
CA Ashish Gupta – [2025] 178 taxmann.com 523 (Article) The Income Tax Return (ITR) filing season for the Assessment Year (AY) 2025-26 is entering its crucial phase. The deadline for submitting ITRs for non-audit cases (i.e., taxpayers not liable for audit under the Income Tax Act, 1961) was September 16, 2025. That date has already […]
RBI Allows Standalone Primary Dealers in NDD Contracts
Circular No. RBI/2025-26/78 A. P. (DIR Series) Circular No. 10, Dated 22.09.2025 1. Introduction The Reserve Bank of India (RBI) has issued a significant directive expanding the scope of entities permitted to engage in non-deliverable derivative (NDD) contracts involving the Indian Rupee. This move reflects RBI’s ongoing efforts to deepen financial markets, enhance risk management […]
Appeal Filed to Revisit Section 112 Amendments on Capital Loss Set-Off
Gopal Nathani – [2025] 178 taxmann.com 477 (Article) Subject – Request for Revisiting Amendments in Section 112 – Preservation of Capital Loss Set-off under Sections 74 and 80 Respected Madam, Most respectfully I wish to bring to your kind notice certain unintended consequences that have arisen out of the amendments made in the Finance Bill […]
Extension of due date for filing of ITRs for the Assessment Year 2025-26
Publish Date : Monday, September 15, 2025 source
[Opinion] Software License Payments Taxation In India
D.C. Agrawal. – [2025] 178 taxmann.com 478 (Article) 1. Introduction The taxation of payments for software licenses has been a contentious issue in international taxation, particularly in the era of digital transformation where software is predominantly delivered through cloud-based platforms rather than physical mediums. India has witnessed extensive litigation on whether such payments constitute “royalty” […]
Notification of Tamil Nadu Electricity Regulatory Commission under Section 10(46A)
Publish Date : Monday, September 15, 2025 source
Best Judgment Assessment Cannot Stand if Return Filed in 30 Days | HC
Case Details: JPR Projects v. State of Andhra Pradesh - [2025] 177 taxmann.com 788 (Andhra Pradesh) Judiciary and Counsel Details R. Raghunandan Rao & T.C.D. Sekhar, JJ. Jyothi Ratna Anumolu for the Petitioner Facts of the Case The petitioner, a registered person under GST, was issued a best judgment assessment order dated 07.02.2024 under Section 62(1) […]
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