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Investment

Aayush Wellness posts higher second-quarter net profit as equity shares advance in trading

Aayush Wellness posted a 5.86 percent year-over-year rise in net profit for the second quarter of financial year 2027, reaching 250.10 lakh rupees. Following the financial update, the company equity shares climbed higher during Wednesday trading sessions. Investors track these quarterly metrics to gauge the operational performance of small-cap wellness firms.

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LiveMint Markets13m ago 1 min
Global Finance

Delhi Customs Authority Classifies Decorative Wall Panels As Builders Ware Under Tariff 3925

Decorative wall panels made of PVC, PS, and PU are officially classified as builders' ware under Customs Tariff heading 3925 by the Delhi Customs Authority for Advance Rulings. This classification impacts import duty calculations for businesses dealing in interior finishing materials. Importers must review their tariff categorizations to ensure accurate customs compliance.

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Taxguru16m ago 1 min
Global Finance

Delhi Customs Authority Mandates Individual Classification For Internet Protocol Television SetTop Box Parts

The Delhi Customs Authority for Advance Rulings has ruled that Internet Protocol Television set-top box components must be classified individually under the Customs Tariff rather than as a single consolidated unit. This decision impacts how electronics importers calculate import duties for disassembled or unbuilt device shipments. Businesses must examine each imported part separately to ensure adherence to tariff laws.

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Taxguru17m ago 1 min
GST

Mumbai authority rules bulk drugs and active pharmaceutical ingredients qualify for 5 percent integrated tax on imports

The Customs Authority for Advance Rulings in Mumbai clarified that specified bulk drugs and active pharmaceutical ingredients qualify for a five percent integrated goods and services tax upon import. This decision establishes tax certainty for pharmaceutical companies bringing critical medical components into the country. Importers should verify their product specifications against this eligibility standard.

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Taxguru20m ago 1 min
Global Finance

Customs authority in Mumbai classifies galacto-oligosaccharides powder under tariff heading 2940 00 00

The Customs Authority for Advance Rulings in Mumbai has determined the correct tariff classification for galacto-oligosaccharides powder. This ruling provides clarity on duty obligations for importers handling this specific substance. Professionals can now apply this classification to ensure accurate customs filings.

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Taxguru19m ago 1 min
Global Finance

Mumbai Authority Rules on Classification of Marine Magnesium Hydroxide With Corn Starch

The Customs Authority for Advance Rulings in Mumbai has determined the correct classification for a specific industrial compound. The ruling clarifies the tariff heading for marine magnesium hydroxide blended with 5 percent corn starch. Importers must apply this classification for accurate duty calculations.

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Taxguru21m ago 1 min
Income Tax Govt

ITAT Bangalore Excludes Datamatics as Comparable for Captive BPO Transfer Pricing

The Bangalore bench of the Income Tax Appellate Tribunal has ruled on a transfer pricing dispute involving information technology-enabled services. The tribunal excluded Datamatics from the set of comparable companies used for a captive business process outsourcing unit. This decision provides relief on transfer pricing adjustments.

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Taxguru24m ago 1 min
Global Finance

CAAR Mumbai Classifies Fructo-Oligosaccharides Powder and Syrup Under Tariff 2940

The Mumbai Customs Authority for Advance Rulings has specified the correct tariff heading for fructo-oligosaccharides powder and syrup. The decision establishes that these sweetening and prebiotic ingredients fall under customs tariff 2940. Businesses importing these items must align their filings with this classification.

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Taxguru22m ago 1 min
Income Tax Govt

Ahmedabad ITAT Rules Recorded Business Sales Cannot Face Section 68 Additions

The Ahmedabad bench of the Income Tax Appellate Tribunal has held that recorded business sales cannot be taxed again as unexplained cash credits. The ruling protects taxpayers from double taxation on revenue already accounted for in regular books. It restricts tax authorities from misapplying Section 68 to normal trading receipts.

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Taxguru27m ago 1 min
Income Tax Govt

Visakhapatnam ITAT Quashes Section 148 Reassessment Over Incorrect Sanctioning Authority

The Visakhapatnam bench of the Income Tax Appellate Tribunal has set aside a reassessment proceeding initiated under Section 148. The tribunal found that the sanctioning authority granting approval did not possess the legal jurisdiction to do so. This procedural flaw invalidates the entire tax reopening notice.

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Taxguru28m ago 1 min
Economy

Retail Sugar Prices Jump Over Four Rupees a Month Amid Deficit Output

Retail sugar prices have climbed by over four rupees per kilogram within a month, pushing the all-India average to 59.50 rupees per kilogram. The price surge stems from tight supplies driven by a shortfall in 2025-26 sugar production. In response, authorities have relaxed stock holding limits and fast-tracked cane crushing operations.

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Hindu BusinessLine28m ago 1 min
Business Breaking

Union Cabinet clears ₹14,500-crore project for grid energy storage expansion

The central government cleared a ₹14,500-crore financial outlay to build 92 GWh of grid-scale energy storage capacity nationwide. Additionally, the administration sanctioned 850 fast-track courts dedicated to rape and child abuse cases while enabling 25% of Agniveers to join the armed forces.

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ET Industry29m ago 1 min

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