RBI: Seeks public comments on drafts of consolidated Master Directions, circulars proposed to be repealed

RBI: Expands FEMA 2015 framework to include IFSC accounts, revises export proceeds repatriation norms

IFSCA: Issues draft Master Circular consolidating norms for stock exchanges, clearing corporations in IFSC

EPFO extends date of filing of new ECR up to October 22

ITAT: Upholds CIT(A)’s rejection of CPM, deletes addition for export transaction

• In Favour of Assessee
• Citation Number : TS-601-ITAT-2025(PUN)-TP

ITAT: Holds RPM as MAM for distribution segment, deletes adjustment w.r.t expense recovery

• In Favour of Both, Partially
• Citation Number : TS-599-ITAT-2025(DEL)-TP

HC: Same-sex couple challenges Sec. 56(2)(x) ‘discrimination’ before Karnataka HC

Tough Calls Ahead for FMCG Players on GST Rate Reductions and Grammage

CCI: Approves Tilaknagar Industries’ acquisition of ‘Imperial Brands’ alcoholic beverages business

CCI: Clears IRB InvIT Fund’s acquisition of 3 tollway SPVs and investment by Anahera Investment

CCI: Approves Lloyds Metals and Energy’s acquisition of 49.99% stake in Thriveni Pellets

CCI: Approves Rieter Holding’s acquisition of Oerlikon Textile units

CCI: Approves Apollo Health Enterprises’ proposed demerger, other restructuring transactions

CCI: Allows SALIC’s indirect acquisition of up to 64.57% stake in Olam Agri

CCI: Clears Jindal Power’s acquisition of CIRP-bound Jaiprakash Associates

HC: Denies bail to shell company's Director in money-laundering case linked to fake GST billing

ITAT: ITAT: No need for further profit attribution for Warner Bros’ as transaction at arms’ length price

• In Favour of Assessee
• Citation Number : TS-1347-ITAT-2025(Mum)

Tax Beats #4 - Income-tax Act, 2025 Distilled with Kishor Phadke

Net Direct Tax collection increases by 6.33%, Refunds declines by 15.98%

HC: Affirms restriction of bogus purchases addition @15%, Assessee proved genuineness of transactions

• In Favour of Assessee
• Citation Number : TS-1345-HC-2025(BOM)