No Disallowance u/s 40A(3) where cash payments are genuine and verifiable

Recommendations made in the 56th GST Council meeting

Kesari Nandan Mobile vs. Office of Assistant Commissioner of State Tax (2), Enforcement Division – 5 [Civil Appeal No. 9543 of 2025] dated 14 August 2025

Supreme Court lays down important principles for determining Fixed Place PE

Supreme Court Up held the validity of the CGST summons, and Section 6(2)(b) is inapplicable to parallel Investigations.

GST proceedings cannot be initiated against an entity that has ceased to exist after Amalgamation

Compensation paid on cancellation of ‘agreement to sale’, allowable as cost of improvement

Share price derived as per Rule 11UA prevails over third party transaction price

Tax certainty provided by Delhi High Court on taxability of Category III AIFs

Transfer of credit in case of merger / amalgamation is a statutory right and the same cannot be denied in absence of  technical infrastructure.

Reserve Bank of India (Investment in AIF) Directions, 2025

International Financial Services Centres Authority (Techfin and Ancillary Services) Regulations 2025

Non-submission of FIRC cannot be the sole basis to deny the claim for refund of unutilised ITC.

Madras High Court delivers a Googly - Rules notifications 09/2023– CT and 56/2023-CT issued u/s 168A are invalid and illegal, but Orders issued u/s 73(10) are not time barred

Buyback of Shares not “Receipt of Property” under section 56(2)(viia)

Madras HC ruled that DGFT’s classification of goods under EPCG is binding on the Customs Authority and cannot be questioned

Revisiting the Doctrinal Divide: Cancellation Versus Revocation of Bail Orders

Treaty Provisions, not transformed into National Law [Customs Act], cannot deprive the Department of its power to issue SCN.

Sale of Equity Oriented Mutual Funds not akin to alienation of ‘shares’ - Treaty benefit available

Recommendation for streamlining the incorporation process of IFSC Company