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[Breaking] Classification of Service under "insurance auxiliary service" is not maintainable before HC: Calcutta HC [Read Order]
In a recent case, the Calcutta High Court has held that classification of the activity of Medicare Service (India) Pvt Ltd in collecting Premium...
RBI Amends FEMA Regulations to Permit Temporary Export of Offshore Support Vessels with Re-import Requirement [Read Notification]
The Reserve Bank of India (RBI) issued Notification No. FEMA 23(R)/(6)/2025-RB dated June 24, 2025, amending the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015,...
SCN and OIO under Customs not Served to Tapioca Exporter: Madras HC Grants Opportunity for Hearing and Production of BRCs or CA Certificate [Read Order]
The Madras High Court has quashed an ex-parte order passed by the Customs Department. It found that the order-in-original and show cause notice was served to the exporter. The court allowed...
Life Membership Fee received by Private Club is Capital Receipt, Not Taxable to Income: Madras HC [Read Order]
The Madras High Court recently clarified that life membership fees collected by private clubs are classifiable as capital receipt and not revenue receipt, thus not being taxable to the income of...
![Life Membership Fee received by Private Club is Capital Receipt, Not Taxable to Income: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/05/500x300_2059373-capital-receipt-1.webp "Life Membership Fee received by Private Club is Capital Receipt, Not Taxable to Income: Madras HC [Read Order]")