The Income Tax Department launched a utility to compare the 1961 Act with the Income Tax Bill 2025. This tool allows taxpayers to easily identify changes between the existing and…
16/02/20251 min read
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The Income Tax Department launched a utility to compare the 1961 Act with the Income Tax Bill 2025. This tool allows taxpayers to easily identify changes between the existing and…
The new Income Tax Bill 2025 retains the scope for taxation of virtual digital assets. This indicates the government's continued focus on taxing cryptocurrencies and NFTs. It…
The new Income Tax Bill retains the old tax regime while aiming for simpler tax laws. This gives taxpayers the option to continue using the existing regime. The focus on…
The CBIC issued clarifications on GST rates and classifications following the 55th GST Council meeting. These clarifications provide guidance to businesses on the applicable GST…
The Income Tax Bill proposes to tax the transfer of crypto assets and NFTs. This clarifies the tax implications of transactions involving these digital assets. It aims to bring…
The ITAT slammed a trust for inaction and dismissed its appeal due to delay. This decision emphasizes the importance of timely action in legal proceedings. It underscores the need…
The Supreme Court ruled that a reduction in a subsidiary's share capital constitutes a transfer under the Income Tax Act. This clarifies the tax implications of such transactions.…
The ITAT found that an assessee is entitled to a deduction despite a violation of scheme conditions. This decision highlights the importance of considering the specific facts and…
The CBIC blamed network failure for the cessation of its operations. This incident highlights the challenges of relying on technology for critical operations. It underscores the…
The Lok Sabha Speaker formed a select committee to review the Income Tax Bill 2025. This indicates a thorough examination of the proposed legislation. It allows for detailed…
The CBIC issued clarifications on GST rates for various items, including pepper, raisins, popcorn, AAC blocks, and SUVs. These clarifications provide guidance to businesses on the…
The ITAT deleted an addition related to cash deposits during demonetization, as the deposits were duly explained. This decision emphasizes the importance of providing proper…
The NCLAT directed the NCLT to decide on the BCCI's plea for settlement and withdrawal of CIRP against Byju's within one week. This directive emphasizes the importance of timely…
The Calcutta HC upheld an ITAT order, stating that the AO must issue speaking orders against the assessee's written objections. This emphasizes the importance of providing…
The Finance Ministry updated customs tariff values for various commodities, including palm oil, soybean oil, gold, silver, and areca nuts. These updates reflect changes in…
The CESTAT ruled that stock transfers are not barred from CENVAT credit under the relevant rule. This clarifies the eligibility for CENVAT credit in stock transfer scenarios. It…
The Gujarat HC ruled that the Income Tax Department cannot reopen old assessments using a future amendment banning goodwill depreciation. This protects taxpayers from…
The Madras High Court dismissed a petition filed by Bharath Hindu Munnani related to a protest in Thiruparakundram. This decision underscores the court's role in regulating…
The Supreme Court restored a show-cause notice issued by the TN Pollution Control Board to the Isha Foundation. This decision allows the pollution control board to proceed with…
Reliance faced a setback as the Delhi High Court set aside an award in a $1.7 billion KG basin gas dispute. This highlights the complexities and potential risks associated with…
The Jammu and Kashmir High Court stated that the registry should not accept petitions referring to a woman as a "divorcee." This emphasizes the importance of respectful language…
The Bombay High Court ruled that tax assessment orders issued to companies that were defunct after a merger are void. This clarifies the legal implications of mergers and their…
A Goa court convicted a man in the 2017 rape and murder of a British woman. This case highlights the seriousness of such crimes and the commitment of the legal system to bringing…
India's wearable market shrank in 2024, with smartwatch sales down 34.4%, according to IDC. This decline suggests a potential saturation or shift in consumer preferences within…
Pristyn Care opened its first super-speciality hospital in South Delhi. This expansion signifies Pristyn Care's growth and its focus on providing specialized healthcare services.…
Tata Motors plans to increase EV charging points in India to 4 lakh by 2027. This ambitious expansion underscores Tata Motors' commitment to the growth of the EV ecosystem in…
DPIIT partnered with Rukam Capital to bolster product startups. This collaboration aims to provide support and resources to early-stage product startups. It signifies the…
PMI Electro Mobility raised ₹250 crore to scale e-bus manufacturing. This funding will enable PMI to increase its production capacity and meet the growing demand for electric…
Rebel Foods launched a 15-minute food delivery app, Quickies. This move reflects the increasing competition in the quick commerce space. Rebel Foods aims to capitalize on the…
EaseMyTrip's Q3 profit slumped 26% YoY to ₹34 crore. This decline in profitability raises concerns about the company's performance during the quarter. Further analysis is needed…
Indian music labels seek to join the copyright lawsuit against OpenAI. This legal action highlights the ongoing debate about copyright infringement in the age of AI. It…
Canva expanded its India presence with localized content and AI-driven tools. This expansion demonstrates Canva's commitment to the Indian market. It aims to provide users with…
YourStory's February 14, 2025, startup news roundup covers various developments in the Indian startup ecosystem. This daily digest provides a snapshot of funding news,…
Sachin Bansal handed over CEO roles at Navi and shifted to Executive Chairman. This leadership transition signifies a change in Navi's organizational structure. Such shifts are…
Duroflex is expanding its offline presence with recliners and Sleepyhead furniture and mattresses. This move reflects Duroflex's strategy to reach a wider customer base through…
US stock markets Dow, S&P 500, and Nasdaq slipped as Tesla, Apple, and major stocks struggled amid tariff fears and weak retail sales. This highlights the interconnectedness of…
Global investors met with the Karnataka government, and the state honored 38 MSME units with excellence awards. This highlights the government's efforts to attract investment and…
An article discusses legal ambiguity in an RBI FEMA directive. It is too broad to summarize effectively without knowing the specific content of the directive and the nature of the…
Overall bank exposure to NBFCs moderated but remains a primary source of funding. This highlights the interconnectedness of the banking and NBFC sectors. It underscores the…
Individuals affected by any potential action related to the Uniform Civil Code in Uttarakhand can approach the High Court. This indicates the court's openness to hearing…
The Punjab and Haryana High Court ruled that adoption of a Hindu child in a Hindu family can be valid even without a registered deed. This clarifies the legal requirements for…
The Kerala High Court noted a complaint against the State Consumer Disputes Redressal Commission for non-prosecution. This highlights potential issues with the functioning of…
The Punjab and Haryana High Court summoned the Punjab Jail Principal Secretary regarding parole matters. This action signifies judicial oversight of parole decisions. It ensures…
The Kerala High Court addressed the issue of illegal screening of a child witness by the defense counsel in a POCSO Act case. This emphasizes the importance of protecting child…
The Delhi High Court issued notice on a PIL seeking action against hospitals and entities operating radiological equipment without licenses. This PIL raises concerns about public…
The Karnataka High Court directed the BBMP to impose heavy fines on a residential society due to dengue cases. This action highlights the responsibility of communities in…
The Supreme Court emphasized that courts cannot casually grant bail with cryptic orders in money laundering cases. This ruling stresses the need for detailed and reasoned orders…
The Punjab and Haryana High Court ordered action against 4000 illegal constructions in DLF City, Gurugram. This underscores the ongoing problem of illegal construction and the…
A plea in the Supreme Court raises concerns about SC/ST quota in the Karnataka Bar, stating it is a serious issue and they do not want division on caste/religious lines. This…
The Madras High Court rejected a plea by right-wing outfits to hold a rally in Chennai related to a temple-dargah issue. This decision highlights the court's role in managing…
The Income Tax Department launched a utility to compare the 1961 Act with the Income Tax Bill 2025. This tool allows taxpayers to easily identify changes between the existing and…
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