EPFO Locks 25% of PF Corpus Until Retirement: Do the 2025 Rules Ease or Restrict Withdrawals?
The Employees’ Provident Fund Organisation ( EPFO ) has introduced a major overhaul of withdrawal norms through the EPFO Withdrawal Rules 2025....
![Notional Interest Cannot Be Added to Fair Rent u/s 23: Bombay HC Upholds AO’s ₹22 Lakh Market Valuation Using Comparable Instances [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/250x150_2102146-fair-rent-hc-taxscan.webp "Notional Interest Cannot Be Added to Fair Rent u/s 23: Bombay HC Upholds AO’s ₹22 Lakh Market Valuation Using Comparable Instances [Read Order]")
![Attendance Shortage Can’t Bar Law Students From Exams: Delhi HC Orders UGC Regulations Review [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/250x150_2102226-bar-law-attendance-taxscan.webp "Attendance Shortage Can’t Bar Law Students From Exams: Delhi HC Orders UGC Regulations Review [Read Order]")
![ICAI Proposes Major Reforms to CA Ethics Code: Higher Audit Limits and Advertising Flexibility [Read Draft]](https://images.taxscan.in/h-upload/2025/11/04/250x150_2102220-icai-proposes-icai-proposes-major-reforms-reforms-to-ca-ethics-taxscan.webp "ICAI Proposes Major Reforms to CA Ethics Code: Higher Audit Limits and Advertising Flexibility [Read Draft]")
NFRA Launches Toolkits to Improve Audit Quality and Support Small & Medium Accounting Firms [Read Memorandum]
The National Financial Reporting Authority (NFRA) has released a new audit toolkit to help small and medium-sized accounting firms improve the quality of their audit work. The toolkit focuses on how...
![NFRA Launches Toolkits to Improve Audit Quality and Support Small & Medium Accounting Firms [Read Memorandum]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102193-nfra-toolkits-improve-audit-quality-support-small-medium-accounting-firms-taxscan.webp "NFRA Launches Toolkits to Improve Audit Quality and Support Small & Medium Accounting Firms [Read Memorandum]")
Municipal Value Not Binding for Tax Assessment: Bombay HC Upholds AO’s Higher Fair Rent Determination u/s 23(1)(a) of IT Act [Read Order]
The Bombay High Court has held that municipal rateable value is not binding on the Assessing Officer while determining the annual value of property under Section 23(1)(a) of the Income Tax Act. ...
![Municipal Value Not Binding for Tax Assessment: Bombay HC Upholds AO’s Higher Fair Rent Determination u/s 23(1)(a) of IT Act [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102133-rent-it-act-taxscan.webp "Municipal Value Not Binding for Tax Assessment: Bombay HC Upholds AO’s Higher Fair Rent Determination u/s 23(1)(a) of IT Act [Read Order]")
Absence of SCN and Personal Hearing: Delhi HC Sets Aside Customs Detention of Passenger’s Gold [Read Order]
The Delhi High Court has set aside the detention of a passenger’s gold jewellery by the Customs Department at Indira Gandhi International Airport, New Delhi, and ordered the release of the seized...
![Absence of SCN and Personal Hearing: Delhi HC Sets Aside Customs Detention of Passenger’s Gold [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102127-passenger-gold-taxscan.webp "Absence of SCN and Personal Hearing: Delhi HC Sets Aside Customs Detention of Passenger’s Gold [Read Order]")
Classification of Crompton Greaves’ Imported MC PCBs as Printed Circuits or Lamp Parts: Supreme Court to Decide [Read Judgement]
In a recent development, the Supreme Court of India took up an appeal filed by the Commissioner of Customs against Crompton Greaves Consumer Electricals Ltd., challenging a CESTAT order that...
![Classification of Crompton Greaves’ Imported MC PCBs as Printed Circuits or Lamp Parts: Supreme Court to Decide [Read Judgement]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102164-classification-crompton-greaves-imported-mc-pcbs-printed-circuits-lamp-parts-supreme-court-taxscan.webp "Classification of Crompton Greaves’ Imported MC PCBs as Printed Circuits or Lamp Parts: Supreme Court to Decide [Read Judgement]")
Custody Unwarranted Once Complaint Filed: Delhi HC Grants Bail for Offence u/s 132 in ₹11.5Cr Fake ITC Case [Read Order]
The Delhi High Court in a recent case has granted bail to an accused in an alleged ₹11.5 crore fake input tax credit (ITC) case under Section 132 of the CGST Act, holding that continued custody is...
![Custody Unwarranted Once Complaint Filed: Delhi HC Grants Bail for Offence u/s 132 in ₹11.5Cr Fake ITC Case [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/500x300_2102050-custody-complaint-filed-delhi-hc-offence-fake-itc-case-taxscan.webp "Custody Unwarranted Once Complaint Filed: Delhi HC Grants Bail for Offence u/s 132 in ₹11.5Cr Fake ITC Case [Read Order]")
Reassessment Held Time-Barred: Delhi HC Says No Judicial Direction to Extend Limitation u/s 153(6), Terminates Reassessment [Read Order]
The Delhi High Court in a recent case has terminated reassessment proceedings for Assessment Year (AY) 2013–14, holding them to be time-barred under Section 153(2) of the Income Tax Act, 1961. ...
![Reassessment Held Time-Barred: Delhi HC Says No Judicial Direction to Extend Limitation u/s 153(6), Terminates Reassessment [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/500x300_2102040-reassessment-time-barred-delhi-hc-judicial-direction-extend-limitation-us-1536-reassessment-txn.jfif "Reassessment Held Time-Barred: Delhi HC Says No Judicial Direction to Extend Limitation u/s 153(6), Terminates Reassessment [Read Order]")