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Archive: February, 2025

Posts in February, 2025

Simultaneous GST Investigations by Different Authorities on same issue Not Permissible: Delhi HC

February 23, 2025 1128 Views 0 comment Print

 Delhi High Court sets aside GST demand on DLF Home Developers, ruling that the issue will be adjudicated by DGGI. Read details on the tax dispute here.

Madras HC Allows Statutory Appeal against Service Tax demand with 25% Deposit

February 23, 2025 294 Views 0 comment Print

 Madras High Court permits K. Balakrishnan to file a statutory appeal against the service tax demand, directing a 25% deposit of the disputed tax. Read more.

SC Affirms IBC as Comprehensive Framework and Sets Aside HC Order

February 23, 2025 333 Views 0 comment Print

SC restores personal insolvency proceedings in Bank of Baroda vs. Farooq Ali Khan, ruling HC overstepped in interfering with IBC procedures. Read the key details.

Grounds of Arrest Mandatory for Legal Remedy or Challenging Remand: Delhi HC

February 23, 2025 318 Views 0 comment Print

Delhi High Court examines the legality of Pranav Kuckreja’s arrest under Section 50 Cr.P.C., citing Supreme Court precedents. Read key findings and implications.

NCLAT Delhi disallows Related Party Debt Assignment Post-CIRP Commencement

February 22, 2025 222 Views 0 comment Print

NCLAT Delhi denies CoC seat to assignee of related party debt post-CIRP. Ruling emphasizes preventing CIRP sabotage and protecting creditor rights.

Property Tax in India: Meaning, Calculation & Payment

February 22, 2025 1287 Views 0 comment Print

Learn about property tax in India, its purpose, calculation, exemptions, and how to pay online or offline. Understand key factors affecting tax rates.

Understanding Section 44ADA: Myths and Realities

February 22, 2025 2337 Views 2 comments Print

Section 44ADA of Income Tax Act, 1961 offers a presumptive taxation scheme for professionals, simplifying tax compliance by allowing them to declare 50% of their gross receipts as income without maintaining detailed books of accounts.

GST/IT Departments Cannot Retain Seized Cash Without Final Proceedings: Kerala HC

February 22, 2025 546 Views 0 comment Print

Kerala High Court held that cash seized from the premises of the appellants cannot be retained by either the State GST Department or the Income Tax Department unless the respective proceedings initiated by them are finalized.

BCI Welcomes Government’s Decision on Advocates Bill

February 22, 2025 774 Views 0 comment Print

Bar Council of India supports govt’s decision to revise Advocates (Amendment) Bill, 2025, ensuring fair consultation and safeguarding legal profession’s autonomy.

Tax on ₹12 Lakh Income: FY 2024-25 vs FY 2025-26 for individual taxpayers

February 22, 2025 3150 Views 0 comment Print

Compare tax on ₹12 lakh income in FY 2024-25 and FY 2025-26. See new tax slabs, rebates, and savings introduced in Budget 2025 for individual taxpayers.

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