Judgement

SC upheld the NCLAT’s ruling that holders of Cumulative Redeemable Preference Shares cannot initiate insolvency proceedings as financial creditors u/S. 7 of the Insolvency and Bankruptcy Code, 2016

SC: Redeemable Preference Shareholders Not Financial Creditors Under Section 7 IBC

Notifications

DGFT has issued a notification aligning ITC (HS) 2022 Import Policy with the Finance Act 2025 to update codes and policy conditions accordingly.

DGFT Amends ITC (HS) 2022 Import Policy in Sync with Finance Act 2025

News

The GST Department introduces a new simplified method of registration on its portal, especially for taxpayers who are considered low-risk. Now get GST registration approved in just 3 working days.

GSTN Update: GST Registration in Just 3 Days! New Fast-Track Route for Low-Risk Taxpayers

Court sets aside conviction of an Assistant Commissioner of Labour accused of taking bribe, holding that the HC erred in reversing acquittal without proper reappreciation of evidence and ignoring key inconsistencies in prosecution’s case.

Supreme Court Restores Acquittal of Assistant Commissioner of Labour in ACB Trap Case

The Central Board of Indirect Taxes and Customs notified revisions to Customs procedures through an amendment to Notification No. 26/2022-Customs.

CBIC Issues Notification Amending Government of India Customs Notification No. 26/2022-Customs

The ITAT Mumbai held that payments for intra-group support services were not taxable in India as Fees for Technical Services or Royalty.

ITAT Mumbai Rules That Functional Service Receipts Are Not Taxable as Fees for Technical Services or Royalty

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