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Refundability of Central Excise Duty on Unmanufactured Tobacco after Central Excise (Amendment) Act, 2025 – Legal Position Explained
Refundability of Central Excise Duty Paid on Unmanufactured
TobaccoAt present based on the new tax framework introduced by the
Government of India:• &n...
NFRA Circular NF-22/52/2025-NFRA All Statutory Auditors of Public Interest Entities (PIEs) covered under Rule 3 of NFRA Rules, 2018 on Audit File Maintenance, Retention & Submission to NFRA – Mandatory Compliance under SA 230, SA 200, SA 500 & SQC 1 | Timelines, Integrity & Penalties
National Financial
Reporting Authority7th Floor,
Hindustan Times HouseKasturba Gandhi Marg, New DelhiNF-22/52/2025-NFRADate: 16 December 2025CircularTo
All Statutory Auditors of Public Interest Entities (PIEs) covered...
उत्तर प्रदेश में लीज़ डीड पर स्टाम्प शुल्क में अस्थायी राहत: 19 नवंबर 2025 की अधिसूचना का व्यावसायिक विश्लेषण
(उत्तर प्रदेश शासन – स्टाम्प एवं निबंधन विभाग, दिनांक 19.11.2025)
1. वैधानिक पृष्ठभूमिउत्त...
No Transfer Pricing Adjustment on Interest for Delayed AE Receivables Where Working Capital Adjustment Granted: ITAT Delhi in ERM India Pvt. Ltd. v. DCIT
In
ERM India Private Limited, Gurugram v. Assessment Unit (DCIT, Circle 7(1),
Delhi), the Delhi Bench of the Income Tax Appellate Tribunal examined the
validity of a transfer pricing adjustment made on account of alle...
Offshore Supply Not Taxable in India and No Supervisory or Fixed Place PE Established: ITAT Delhi in SAIC Motor Corporation Ltd. v. ACIT
In
SAIC Motor Corporation Ltd., China v. Assistant Commissioner of Income Tax
(International Taxation), Gurgaon, the Delhi Bench of the Income Tax
Appellate Tribunal examined whether profits from offshore supply of KD...
Donation of Sale Proceeds to Another Charitable Trust Held Valid Application of Income: ITAT Delhi in ITO (E) v. Prakash Sewa Trust
In
Income Tax Officer (Exemption), Ward-2(4), New Delhi v. Prakash Sewa Trust,
the Delhi Bench of the Income Tax Appellate Tribunal examined whether exemption
under Sections 11 and 12 of the Income-tax Act, 1961 could...
Segment-Wise Transfer Pricing Mandatory and Non-Compete Fee Treated as Revenue: ITAT Delhi in Spectris Technologies Pvt. Ltd. v. ITO
In
Spectris Technologies Pvt. Ltd., Gurgaon v. Income Tax Officer, New Delhi,
the Delhi Bench of the Income Tax Appellate Tribunal examined two recurring
issues for Assessment Year 2009–10—first, the correctness o...
Depreciation on Goodwill from Amalgamation Allowed – ITAT Mumbai Follows Smifs Securities in ACIT vs Siyaram Silk Mills Ltd
The appeal filed by the Revenue was directed
against the order passed by the Commissioner of Income Tax (Appeals) for
Assessment Year 2017-18, arising from an assessment framed under section 143(3)
of the Income-tax A...
Section 68 Addition Deleted for Opening Balances and Genuine Loans – ITAT Mumbai in ACIT vs Supreme Lake View Bungalows Pvt. Ltd.
The appeal filed by the Revenue was directed
against the order of the Commissioner of Income Tax (Appeals) for Assessment
Year 2022-23, arising from an assessment framed under section 143(3) read with
section 144B of ...
Ex-Parte Assessment and Appeal Set Aside with Costs; Matter Remanded for Fresh Adjudication: ITAT Mumbai in Sunni Hanfi Mashayaki Momin Trust v. ITO
The appeals filed by Sunni Hanfi Mashayaki Momin
Trust pertained to Assessment Years 2014-15 and 2017-18 and were directed
against the orders passed by the National Faceless Appeal Centre under section
250 of the Inco...