Latest update 15.05.2025
A. Amendment
GST Portal
Advisory on Appeal withdrawal with respect to Waiver scheme
Waiver scheme under Section 128A mandates that any appeal against the requisite demand order should not remain pending with Appellate authority. In both the above-mentioned cases, the status of the Appeal application is changed to “Appeal Withdrawn” which essentially fulfilled the requirement.
Customs Instruction
Instruction No.10/2025-Customs dated 13.05.2025
CBIC issued Instruction no. 10/2025-Customs dated 13.05.2025 on Arrest Report and Incident Report (where arrest not made) – revised format.
Income tax
Changes in ITR Form 6 for 2025: Key updates taxpayers should know
CBDT has notified revised Income Tax Return (ITR) forms for assessment year (AY) 2025-26.
Notification no. 46/2025 dated 09.05.2025- Income tax
CBDT issued notification no. 46/2025 dated 09.05.2025 to introduce FORM ITR-7 for AY 2025-26.
Notification no. 47/2025 dated 13.05.2025- Income tax
CBDT issued notification no. 47/2025 dated 13.05.2025 whereby the Central Government notifies, the ‘Telangana State Pollution Control Board’, a Board constituted by the State Government of Telangana under Water (Prevention and Control of Pollution) Act, 1974 (6 of 1974), for the purposes of the clause (46) of Section 10 of the Income-tax Act in respect of the following specified income arising to that Board, namely:-
Notification no. 48/2025 dated 14.05.2025- Income tax
CBDT issued notification no. 48/2025 dated 14.05.2025 , whereby the Central Government specifies the bond with the following particulars as zero coupon bond for the purposes of the said clause (48) of section 2 of the said Act, namely :-
Observation of summer vacation, ITAT New Delhi
Once revenue taken particular stand same cannot be completely changed by different reason or ground and therefore demand order was quashed as initially authorities physically verified goods and accompanying documents without noting any discrepancies but later served demand stating goods being different as mentioned in documents without valid reasons.
Neither AAR nor AAAR have jurisdiction to decide on the taxability under the Finance Act, 1994
The Telangana AAAR, in the case of Maddi Seetha Devi, held that neither the AAR nor AAAR have any jurisdiction to decide on the taxability under Finance Act, 1994 and also held that when a question is not raised before the AAR, the AAAR cannot entertain the same in appeal.
GST – All Key SC cases from 2017 to 2025
CA Pritam Mahure and Associates have compiled all key SC cases from 2017 to 2025.
Kerala: Hybrid weed smuggling outpaces gold after customs duty reduction
The Union government slashing the customs duty on imported gold from 15% to 6% in July 2024 has weaned many of the rackets away from smuggling of the precious metal and some of them have switched to smuggling of hybrid ganja as it fetches a higher profit margin, sources in the Directorate of Revenue Intelligence (DRI) and Customs Preventive Commissionerate (CCP) told TNIE.
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