Judgement

ITAT Mumbai ruled that a company incorporated in FY 2015-16 cannot claim the 29% concessional tax rate meant for companies existing in FY 2014-15, and upheld the 30% tax rate applied by the AO.

ITAT Upholds 30% Tax Rate for Newly Incorporated Company Not Eligible for 29% Concession

Notifications

The Ministry of Commerce and Industry has notified Geographical Indications of Goods Rules, 2025, updating procedures for GI registration and protection in India.

Government Notifies Amendments to Geographical Indications (GI) Rules, 2025

The tribunal also agreed with the assessee, saying that the AO has not submitted any material during the course of assessment proceedings other than estimating the undisclosed income

ITAT Dismisses Bogus Transaction Allegation on Chartered Accountant

The Central Government has extended Justice Bhushan’s tenure as NCLAT Chairperson under the Companies Act and Tribunals Reforms Act.

MCA Reappoints Former Supreme Court Judge Ashok Bhushan as NCLAT Chief

The Delhi Tribunal held that routine IT and non-IT support services do not constitute ‘Fees for Technical Services’ as no technical knowledge or skill was made available.

ITAT Delhi Rules Routine Support Services Not Taxable as Fees for Technical Services under India-UK DTAA

CBDT has granted income tax exemption to Haryana Building and Other Construction Workers Welfare Board under Section 10(46) of Income Tax Act, 1961.

CBDT Notifies Income Tax Exemption for Haryana Building and Other Construction Workers Welfare Board

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