Domestic Tax – Quarterly Insights | July 2025
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Supreme Court Confirms PE of Hyatt International Under India-UAE DTAA
The Supreme Court of India has delivered a landmark judgment in Hyatt International Southwest Asia Ltd. v. Additional Director of Income-tax, confirming that Hyatt International has a Fixed Place Permanent Establishment (PE) in India under the India-UAE Double Tax Avoidance Agreement (DTAA). Despite being incorporated in the UAE and performing [...]
Bombay High court decides on contribution to be levied by the State Government onPublic Trust
The Bombay High Court has delivered a key ruling on the contributions levied by the State Government of Maharashtra on public trusts under the Maharashtra Public Trusts Act, 1950. In the case of Devendra Prakash Shah & Others v. State of Maharashtra, the Court addressed challenges to the mandatory contributions [...]
MCA amends Forms ADT-1, ADT-2, ADT-3 and ADT-4 of the Companies(Audit and Auditors) Rules, 2014
The Ministry of Corporate Affairs (MCA) has ushered in significant changes to the audit compliance landscape with the Companies (Audit and Auditors) Amendment Rules, 2025, notified on 30 May 2025. These amendments—effective 14 July 2025—bring important updates to Forms ADT-1, ADT-2, ADT-3, and ADT-4 under the Companies (Audit and Auditors) [...]
GST Circulars – Quarterly Insights | April 2025
Understanding the Latest GST Circulars and Notifications: Key Updates for April 2025 In April 2025, the Central Board of Indirect Taxes and Customs (CBIC) released a series of crucial GST circulars, notifications, and clarifications that hold significant implications for taxpayers, businesses, and public sector undertakings (PSUs) across India. These updates [...]
Customs and Foreign Trade Policy – Quarterly Insights | April 2025
April 2025 Customs & FTP Updates: Key Regulatory Shifts for Indian Trade and Logistics In a significant move towards trade facilitation and digital transformation, the Central Board of Indirect Taxes and Customs (CBIC) and the Directorate General of Foreign Trade (DGFT) have rolled out critical updates in Customs procedures and [...]
GST Judicial Decisions – Quarterly Insights | April 2025
Navigating GST Litigation in 2025: Key High Court Rulings Every Business Should Know As India’s GST regime continues to evolve, staying informed about key judicial decisions is crucial for businesses to safeguard compliance and avoid costly disputes. The April 2025 edition of CNK & Associates LLP’s “GST Judicial Decisions” offers [...]