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SC Dismisses SLP on Negative Blocking of ECL, Cites K.J. International
Case Details: Deputy Director v. Ramesh Kumar Yadav - [2025] 176 taxmann.com 786 (SC) Judiciary and Counsel Details Rajesh Bindal and R. Mahadevan, JJ. Rupesh Kumar, Sr. Adv., Manoj Kumar, Adv. and Gurmeet Singh Makker, AOR for the Petitioner. Rajat Mittal, AOR and Tarang Goyal, Adv. for the Respondent Fact of the Case The Petitioner challenged the negative blocking of […]
HC | Sec 74 Proceedings Valid Despite Sec 61 Proceedings Being Dropped
Case Details: Amit Agarwal vs. Assistant Commissioner, CGST & CX - [2025] 176 taxmann.com 942 (Calcutta) Judiciary and Counsel Details Raja Basu Chowdhury, J. Vinay Shraff, Dev Agarwal and Ms. S. Poddar for the Petitioner. Vipul Kundalia, Sr. Adv., Tapan Bhanja and Anindya Kanan for the Respondent. Fact of the Case The petitioner, a registered person under the CGST Act, was […]
SEBI Proposes Eased IPO Norms under ICDR Regulations
Consultation Papers Dated 31.07.2025 SEBI Proposes Key Amendments to ICDR Regulations for IPO Reforms The Securities and Exchange Board of India (SEBI) has released a consultation paper proposing significant amendments to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The aim is to enhance ease of doing business and address various practical challenges […]
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 […]
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