DGFT Restricts Import of Low-Value Roller Chains and Parts Below ₹235/kg [Read Notification]
The Ministry of Commerce & Industry has issued Notification No. 13/2025-26 dated 21st May 2025, announcing a significant amendment to the import...
![ITAT Upholds Rs.1.5L Penalty on Jewellery Firm for Tax Audit Non-Compliance [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/penalty.jpg "ITAT Upholds Rs.1.5L Penalty on Jewellery Firm for Tax Audit Non-Compliance [Read Order]")
![CBIC Notifies Jalna as Customs Port for Import and Export Operations [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/05/Jalna-customs-port.jpg "CBIC Notifies Jalna as Customs Port for Import and Export Operations [Read Notification]")
SEBI Issues New Framework for Appointment, Cooling-Off Period, and Reappointment of Key Personnel in Market Infrastructure Institutions [Read Circular]
The Securities and Exchange Board of India (SEBI) issued a Circular dated May 26, 2025, announcing a comprehensive framework governing the appointment, re-appointment, termination, and resignation of...
SEBI Notifies Uniform Expiry Days for Equity Derivatives to Enhance Market Stability [Read Circular]
The Securities and Exchange Board of India (SEBI) issued a Circular dated May 26, 2025, announcing a new framework that limits the final settlement (expiry) days for equity derivatives contracts to...
Pen Drive cannot be Incriminating Material: Delhi HC sets aside Notice issued u/s 153C of Income Tax Act [Read Order]
The Delhi High Court set aside the notice issued under section 153 C of the Income Tax Act, 1961 holding that the Pen Drive contains information regarding transactions of bogus invoices that cannot...
![Pen Drive cannot be Incriminating Material: Delhi HC sets aside Notice issued u/s 153C of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Delhi-High-Court-Delhi-HC-sets-aside-Notice-Income-Tax-TAXSCAN.jpg "Pen Drive cannot be Incriminating Material: Delhi HC sets aside Notice issued u/s 153C of Income Tax Act [Read Order]")
No Service Tax Payable on Student Recruitment Services Rendered to Foreign Universities: CESTAT [Read Order]
The New Delhi bench of the Customs Excise & Service Tax Appellate Tribunal (CESTAT) has held that foreign consultancy fee received by TC Global India, for providing student recruitment services...
![No Service Tax Payable on Student Recruitment Services Rendered to Foreign Universities: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Service-Tax-No-Service-Tax-Payable-Student-Recruitment-Services-taxscan.jpg "No Service Tax Payable on Student Recruitment Services Rendered to Foreign Universities: CESTAT [Read Order]")
![ITAT Sets Aside Ex-Parte CIT(A) Order Due to Invalid Notice Service [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Ex-Parte-Assessment-Orders.jpg "ITAT Sets Aside Ex-Parte CIT(A) Order Due to Invalid Notice Service [Read Order]")
ITAT Overturns CIT(A) Order: Notices Wrongly Sent via Email Despite Assessee's Explicit Opt-Out [Read Order]
The Income Tax Appellate Tribunal (ITAT), Raipur Bench, has set aside an ex-parte appellate order passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, for the...
![ITAT Overturns CIT(A) Order: Notices Wrongly Sent via Email Despite Assessees Explicit Opt-Out [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/CITA-Order.jpg "ITAT Overturns CIT(A) Order: Notices Wrongly Sent via Email Despite Assessees Explicit Opt-Out [Read Order]")
![CESTAT quashes Excise Demand, Rules CENVAT Credit Restrictions Unconstitutional [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/CESTAT-CESTAT-Quashes-Excise-Demand-taxscan.jpg "CESTAT quashes Excise Demand, Rules CENVAT Credit Restrictions Unconstitutional [Read Order]")