Closure of an AIF is Fraught with Accounting & Tax Challenges!

CBIC notifies Customs Tariff Rules under India–EFTA TEPA, effective October 1

ITAT: Copy of Delhi ITAT ruling on MLI provisions applicability vis-a-vis DTAA

• In Favour of Assessee
• Citation Number : TS-1296-ITAT-2025(DEL)

NFRA issues set of 35 FAQs on Form NFRA-2

HC: Remands back to Original Authority for assessing documents of Financial Year 2017-18

• In Favour of Petitioner
• Citation Number : TS-830-HC(KAR)-2025-GST

HC: Disposes-off writ against multiple-proceedings with a direction to follow Armour Security guidelines

• In Favour of Not Available
• Citation Number : TS-829-HC(MP)-2025-GST

HC: Calling-out GST-portal glitch of generating personal-hearing notice after decision on appeal, directs for fresh hearing

• In Favour of Petitioner
• Citation Number : TS-828-HC(DEL)-2025-GST

ITAT: Confirms denial of Sec. 11/12 exemption for non-filing of audit report in Form 10B/10BB

• In Favour of Both, Partially
• Citation Number : TS-1295-ITAT-2025(Bang)

HC: Pending NCLT civil proceedings no ground for quashing criminal case involving 'digital signature' misuse

RBI keeps policy repo rate unchanged, at 5.5%

Govt. issues first tariff-concession tranche under India-EFTA TEPA; DGFT releases e-Preferential CoO guidelines

NFRA releases Series-4 of Auditor-Audit Committee Interactions Series, on audit of Accounting Estimates and Judgements

GST reforms to boost growth and competitiveness in Andhra Pradesh

SEBI: Fines, debars MAN Industries for 2 years, over fund diversion, financial misrepresentation

ITAT: Quashes Sec. 263 revisionary order qua bogus purchases given issue pending before CIT(A)

• In Favour of Assessee
• Citation Number : TS-1292-ITAT-2025(Mum)

NCLT: Amendment in accounting treatment of ‘approved’ merger scheme permissible if no ‘material change’ occurs

ITAT: Penalty u/s 271C not leviable for delayed TDS remittance; Remits matter for verification

• In Favour of Assessee
• Citation Number : TS-1290-ITAT-2025(Ahd)

HC: Remands case as Appellate Authority ignored Concessionaire’s submissions on time-of-supply in Hybrid-Annuity-Model

• In Favour of Not Applicable
• Citation Number : TS-827-HC(TEL)-2025-GST

ITAT: Deletes adjustment w.r.t Sec.80-IC claim; Profit-margin variation in units due to product mix

• In Favour of Assessee
• Citation Number : TS-574-ITAT-2025(CHNY)-TP

ITAT: Deletes SDT adjustment and penalty levied u/s. 271AA; Follows precedent

• In Favour of Assessee
• Citation Number : TS-573-ITAT-2025(PUN)-TP