India-UK Free Trade Agreement: A Step Towards Stronger Economic Ties
The negotiation which has been started since 2022 between India and the United Kingdom (UK) is inching close to finalising a Free Trade Agreement...
![ITAT Condones 66-day Delay in Filing Appeal due to COVID Lockdown and CAs Preoccupation [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/250x150_2057555-condones-delay-covid.webp "ITAT Condones 66-day Delay in Filing Appeal due to COVID Lockdown and CAs Preoccupation [Read Order]")
Tax Professionals, Income Taxpayers under Confusion as Portal Turns on ITR-2 and ITR-3 for e-Filing Momentarily
Income-tax professionals and individual taxpayers were left scrambling this morning after the Income TaxDepartment’s e-Filing portal unexpectedly displayed options for ITR-2 and ITR-3 forms during a...
ITAT Faults CIT(E) for Dismissing Fresh Applications on Procedural Grounds, Directs applications Filed Within CBDT Deadline to be Considered on Merits [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has set aside the orders of the Commissioner of Income Tax (Exemption) [CIT(E)] for rejecting fresh applications filed by the...
![ITAT Faults CIT(E) for Dismissing Fresh Applications on Procedural Grounds, Directs applications Filed Within CBDT Deadline to be Considered on Merits [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/500x300_2057476-itat-application-taxscan.webp "ITAT Faults CIT(E) for Dismissing Fresh Applications on Procedural Grounds, Directs applications Filed Within CBDT Deadline to be Considered on Merits [Read Order]")
Eight Years of GST: Eight Major Pain Points of Consumers, Businesses, Practitioners, and Bureaucracy
The Goods and Services Tax (GST), launched on July 1, 2017, was hailed as a transformative reform to unify India’s indirect tax system. Over the past eight years, GST has expanded the tax base and...
Finance Ministry Updates Customs Tariff Values for Palm Oil, Soya Bean Oil, Gold and Silver, and Areca Nuts [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC), under the Ministry of Finance, has issued Notification No. 44/2025-Customs (N.T.), dated June 30, 2025, updating the customs tariff value...
![Finance Ministry Updates Customs Tariff Values for Palm Oil, Soya Bean Oil, Gold and Silver, and Areca Nuts [Read Notification]](https://images.taxscan.in/h-upload/2025/07/01/500x300_2057504-finance-ministry-revised-customs-tariff-values-customs-tariff-values-for-palm-oil-taxscan.webp "Finance Ministry Updates Customs Tariff Values for Palm Oil, Soya Bean Oil, Gold and Silver, and Areca Nuts [Read Notification]")
ITAT Holds Share Transfer as Genuine Despite ROC Discrepancies, Accepts Oral Family Arrangement and Book Entry as Valid Evidence [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) held the share transfer to be genuine despite discrepancies in the records of the Registrar of Companies (ROC), accepting the Coming...
![ITAT Holds Share Transfer as Genuine Despite ROC Discrepancies, Accepts Oral Family Arrangement and Book Entry as Valid Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/500x300_2057492-share-transfer.webp "ITAT Holds Share Transfer as Genuine Despite ROC Discrepancies, Accepts Oral Family Arrangement and Book Entry as Valid Evidence [Read Order]")
Accounts Dept fails to Communicate CIT(E) Notices to Top Management: ITAT ITAT grants one more Opportunity to Submit Documents [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside an order denying registration under Section 12A and remanded the matter back to the CIT(Exemptions) for fresh...
![Accounts Dept fails to Communicate CIT(E) Notices to Top Management: ITAT ITAT grants one more Opportunity to Submit Documents [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/500x300_2057448-cite-notices.webp "Accounts Dept fails to Communicate CIT(E) Notices to Top Management: ITAT ITAT grants one more Opportunity to Submit Documents [Read Order]")