Judgement

UK-based Tungsten Automation challenges Indian tax on Genpact payments, questioning FTS classification under the India-UK DTAA.

DTAA: Merely Imparting Training Does Not Necessarily Satisfy Make Available, ITAT

The ITAT gave direction to the AO to allow the benefit of exemption under Article 15(1) of the DTAA between India and China

Salary Earned in China by Chinese Tax Resident Not Taxable in India Merely Due to Remittance: ITAT

Articles

In a significant move, many taxpayers who filed an Updated Income Tax Return (ITR-U) in previous years woke up to emails from the Income Tax Department informing them about a change in the rectification process.

ITR-U Rectification Rights Transferred to AOs: What Taxpayers Need to Know

Notifications

The Ministry of Finance has issued a customs notification revising tariff values for edible oils, brass scrap, areca nut, gold, and silver, effective July 16, 2025.

Custom Notification: Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold, and Silver

IIFL Capital Services has recently informed the stock exchanges that it has been penalised by the NSE on July 15, 2025

NSE Imposes Penalty on IIFL Capital Services Over Operational Margin Reporting Issue

Diligent Media received another order demanding 20% (around Rs 8.27 crore) of the said demand.

Diligent Media Gets Updated Tax Order in Continuation of Earlier Rs 41 Crore Demand

Income Tax: Diligent Media Gets Updated Tax Order in Continuation of Earlier Rs 41 Crore Demand

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