• October 8, 2025

Case Details: Sharma Trading Company vs. Union of India - [2025] 179 taxmann.com 2 (Delhi) Judiciary and Counsel Details Pratibha M. Singh & Shail Jain, JJ. Vipul Agrawal, Nodal Counsel for the Petitioner Kumar Visalaksh, Arihant Tater, Ajitesh Dayal Singh, Saurabh Dugar, Kushagra Kumar, Amit Rana, Ms. Upasn Vashisth, Advs., Ripudaman Bhardwaj, CGSC & Ruchesh Sinha, […]

• October 7, 2025

Circular No. A.P. (DIR Series) Circular No. 11, Dated: 01.10.2025 1. Introduction The Reserve Bank of India (RBI) has announced revisions to the guidelines governing Merchanting Trade Transactions (MTT). This change reflects the central bank’s commitment to facilitating smoother international trade operations while ensuring that regulations remain relevant in a dynamic global environment. 2. Key […]

• October 6, 2025

Press Release; Dated: 01.10.2025 1. Introduction The Financial Intelligence Unit – India (FIU-IND), the national agency responsible for monitoring financial transactions and combating money laundering, has taken regulatory action against several offshore Virtual Digital Asset Service Providers (VDA SPs). These measures highlight the government’s efforts to strengthen compliance within the rapidly growing digital asset sector […]

• October 5, 2025

Case Details: Saligrama Rajendra Prasad Rashmi vs. Deputy Commissioner of Income-tax, CPC - [2025] 178 taxmann.com 577 (Bangalore - Trib.) Judiciary and Counsel Details Keshav Dubey, Judicial Member Waseem Ahmed, Accountant Member Smt. Manasa Ananthan, Adv. for the Appellant Subramanian S., JCIT (DR) for the Respondent Facts of the Case This is an appeal filed […]

• October 4, 2025

Praveen Kumar Bansal – [2025] 178 taxmann.com 742 (Article) I. Introduction: The Income Tax Appellate Tribunal (“ITAT”) was constituted on 25.01.1941 by virtue of section 5A of the Income Tax Act, 1922. The intention behind establishing the ITAT was to deliver impartial, easy and speedy justice. Hence, ‘Nishpaksh Sulabh Satvar Nyay’ was adopted as the […]

• October 3, 2025

Case Details : Anuvu UK Operations Ltd. vs. Assistant Commissioner of Income-tax, (International Taxation) - [2025] 178 taxmann.com 455 (Delhi - Trib.) Judiciary and Counsel Details Vikas Awasthy, Judicial Member Naveen Chandra, Accountant Member Ravi Sharma and Shruti Khimta, Advs. for the Appellant & Ms. Anjula Jain, CIT(DR) for the Respondent. Facts of the Case The assessee, a […]

• October 2, 2025

CA Bhawna Grover – [2025] 178 taxmann.com 655 (Article) 1 Introduction Debentures remain a widely used instrument for raising long-term funds, offering companies flexibility in structuring financing and providing investors with steady returns. However, the accounting and disclosure requirements around debentures are detailed and vary depending on whether a company reports under Accounting Standards (AS), Indian […]

• October 1, 2025

Case Details  : Hitachi Energy India Ltd. vs. Union of India - [2025] 178 taxmann.com 401 (Gujarat) Judiciary and Counsel Details Bhargav D. karia & Pranav Trivedi, JJ Anand Nainawati, Adv. for the Petitioner. CB Gupta, Adv. for the Respondent. Facts of the Case The petitioner filed a refund claim under the category ‘Export of Goods/Services […]

• September 30, 2025

Press Release: 2025-2026/1165, Dated 25.09.2025 1. Introduction The Reserve Bank of India (RBI) has issued the Authentication Mechanisms for Digital Payment Transactions Directions, 2025, setting a comprehensive framework to strengthen the security of digital payments in India. These directions build upon the earlier draft proposals on alternative authentication mechanisms and the additional factor of authentication […]