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ITAT | Derivative Gains of Mauritius Resident Not Taxable in India
Image Case Details: 3 Sigma Global Fund vs. ACIT, International - [2025] 176 taxmann.com 708 (Mumbai - Trib.) Judiciary and Counsel Details Ms. Padmavathy S., Accountant Member and Raj Kumar Chauhan, Judicial Member Bhaumik Goda, AR for the Appellant. Krishna Kumar, Sr. DR for the Respondent. Fact of the Case The assessee, a company incorporated in Mauritius, […]
HC | AIFs Can’t Name Investors in Trust Deed Due to SEBI Norms
Case Details: Equity Intelligence Aif Trust vs. Central Board of Direct Taxes - [2025] 176 taxmann.com 903 (Delhi) Judiciary and Counsel Details GDEVENDER KUMAR UPADHYAY, CJ. and TUSHAR RAO GEDELA, J. S. Ganesh, Ms. Kavita Jha, Sr. Advs., Vaibhav and Himanshu Aggarwal, Advs. for the Petitioner. Puneet Rai, Sr. Standing Counsel, Ashvini Kumar and Rishabh Nangia, Advs. for the Respondent. Fact of the Case […]
Bulk Purified Water via Tankers Exempt from GST | AAR
Case Details: Hisham Transport, In re [2025] 176 taxmann.com 723 (AAR - KERALA) Judiciary and Counsel Details Jomy Jacob and Mansur, Member M.A. Moideen, Chartered Accountant for the Appearing Parties. Fact of the Case The applicant, engaged in the supply of drinking water, sought a ruling on the taxability of water supplied in bulk through tanker lorries […]
SEBI Honors Kargil Heroes on Vijay Diwas with Wreath Laying Ceremony
PR No. 47/2025; Dated: 26.07.2025 On the solemn occasion of the 26th Kargil Vijay Diwas, the Chairman of SEBI, Shri Tuhin Kanta Pandey, led a poignant wreath-laying ceremony at the SEBI Head Office located in BKC, Bandra, Mumbai. The ceremony served as a mark of deep respect and remembrance for the brave soldiers of the […]
Relaxation of time limit for processing of returns of income filed electronically which were incorrectly invalidated by CPC
Publish Date : Monday, July 28, 2025 source
Refund Allowed with Interest as Deficiency Memo Untraceable | HC
Case Details: Sisla Laboratories vs. Deputy Commissioner of CGST - [2025] 176 taxmann.com 432 (Delhi) Judiciary and Counsel Details Pratibha M. Singh & Rajneesh Kumar Gupta, JJ. Facts of the Case The petitioner-assessee had filed refund applications, but the rejection of those claims came to the petitioner’s knowledge only during the course of the present […]
Partial Modification of Circular No.3 of 2023 dated 28-3-2023 regarding consequences of pan becoming inoperative as per Rule 114AAA of the Income-tax Rules, 1962
Publish Date : Monday, July 21, 2025 source
CGST Dept Wrongly Attached Mortgaged Property | HC
Case Details: CFM Asset Reconstruction (P.) Ltd. v. Assistant Commissioner, CGST & C.EX, Durgapur-i Division - [2025] 176 taxmann.com 572 (HC - Calcutta) Judiciary and Counsel Details Raja Basu Chowdhury, J. Jishnu Chowdhury, Sr. Adv., Ms. Aasia Hasan & Ms. Sakshi Tiwari for the Petitioner. Ms. Manasi Mukherjee, Tapan Bhanja, Bijitesh Mukherjee, Arijit Chakraborty, Bankim Pal, Sayantan […]
[Analysis] Select Committee Report on Income Tax Bill 2025 – 30 Key Recommendations
The Income Tax Bill, 2025 marks a significant legislative step toward replacing the six-decade-old Income Tax Act, 1961. Referred to a Select Committee of the Lok Sabha for detailed review, the Bill has undergone a comprehensive clause-by-clause examination. In its report submitted on July 21, 2025, the Committee made several recommendations aimed at removing ambiguities, […]
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