CBIC Instructs Mandatory Use of Online Portal for Issuance of Look Out Circulars Across Customs and GST Formations
The Central Board of Indirect Taxes and Customs (CBIC), under the Ministry of Finance, has issued Instruction No. 30/2025 dated October 13, 2025,...
![DGFT Renumbers and Updates Provisions for Diamond Imprest Authorisation under Handbook of Procedures 2023 [Read Public Notice]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097245-dgft-new-scheme-for-diamond-exporters-dgft-diamond-imprest-authorisation-scheme-taxscan.webp "DGFT Renumbers and Updates Provisions for Diamond Imprest Authorisation under Handbook of Procedures 2023 [Read Public Notice]")
ECI Tightens Vigil on Use of Money Power in Bihar Elections: ED, Income Tax, CGST, Customs & RBI to Intensify Measures
The Election Commission of India (ECI) has directed multiple central enforcement and financial intelligence agencies including the Enforcement Directorate (ED), Income Tax Department, Central Goods...
When Genuineness of Purchases is Doubtful but Sales Are Genuine, Only Profit Element 15% Can Be Added to Income: Bombay HC [Read Order]
In a recent judgment, the Bombay High Court held that when the genuineness of purchases is doubtful but sales are genuine, only the profit element of 15% on such purchases can be added to the...
![When Genuineness of Purchases is Doubtful but Sales Are Genuine, Only Profit Element 15% Can Be Added to Income: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097082-bombay-high-court-when-genuineness-of-purchases-taxscan.webp "When Genuineness of Purchases is Doubtful but Sales Are Genuine, Only Profit Element 15% Can Be Added to Income: Bombay HC [Read Order]")
SEBI Extends Deadline for Angel Funds to Disclose Investment Allocation Methodology in PPMs [Read Circular]
The Securities and Exchange Board of India (SEBI) issued a circular dated October 15, 2025, has granted additional time to Angel Funds for disclosing their investment allocation methodology in their...
![SEBI Extends Deadline for Angel Funds to Disclose Investment Allocation Methodology in PPMs [Read Circular]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097071-deadline-extended-taxscan.webp "SEBI Extends Deadline for Angel Funds to Disclose Investment Allocation Methodology in PPMs [Read Circular]")
DGFT Amends Bovine Meat Export Policy: Mandates Proof of Remittance to Development Fund [Read Notification]
The Directorate General of Foreign Trade (DGFT), functioning under the Ministry of Commerce and Industry has released a notification amending the export policy for meat and meat products, now...
![DGFT Amends Bovine Meat Export Policy: Mandates Proof of Remittance to Development Fund [Read Notification]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096964-bovine-meat-taxscan.webp "DGFT Amends Bovine Meat Export Policy: Mandates Proof of Remittance to Development Fund [Read Notification]")
S. 144(C)(13) Timeline Mandatory: Bombay HC rules Transfer Pricing Addition Non Est for Delay in DRP Directions Implementation [Read Order]
The Bombay High Court has held that the timeline under Section 144(C)(13) of the Income Tax Act, 1961 is mandatory, and failure to complete assessment within this period renders the transfer pricing...
![S. 144(C)(13) Timeline Mandatory: Bombay HC rules Transfer Pricing Addition Non Est for Delay in DRP Directions Implementation [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097030-transfer-pricing-taxscan.webp "S. 144(C)(13) Timeline Mandatory: Bombay HC rules Transfer Pricing Addition Non Est for Delay in DRP Directions Implementation [Read Order]")
