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Archive: February, 2025

Posts in February, 2025

Interest from Banks Classified as Income from Other Sources, Relief Granted u/s 57: ITAT Bangalore

February 20, 2025 1383 Views 0 comment Print

In the matter abovementioned ITAT Banglore held that interest earned by the assessee from the co-operative banks/commercial bank is considered under the head income from other sources, relief to be granted to the assessee u/s 57 in accordance with law.

Interest leviable on Ineligible ITC Transitioned from Pre-GST Regime; Penalty u/s 74(1) Set Aside

February 20, 2025 321 Views 0 comment Print

Assessee clarified that Form ST-3 was incorrect as some of the invoices inadvertently remained unaccounted for the said period and the correct amount of credit was carried forward in Form TRAN-1.

बार काउंसिल ऑफ इंडिया ने अधिवक्ता संशोधन विधेयक 2025 पर जताई आपत्ति

February 20, 2025 3192 Views 0 comment Print

BCI ने अधिवक्ता (संशोधन) विधेयक 2025 पर आपत्ति जताते हुए इसे वकालत की स्वायत्तता पर खतरा बताया। स्टेट बार काउंसिल और अधिवक्ताओं में विरोध जारी।

SEBI Proposes Secure Trading Measures for Investors

February 20, 2025 294 Views 0 comment Print

SEBI’s consultation paper suggests SIM binding, biometric authentication, and trade controls to secure trading accounts. Public comments open until March 11, 2025.

Mismanagement in asset disposal & auction process: IBBI Suspends IP

February 20, 2025 195 Views 0 comment Print

IBBI suspends Vijay Kumar Garg for one year over irregularities in Lanco Vidarbha liquidation, citing mismanagement in asset disposal and auction process.

Negligence in handling EPFO claims during liquidation: IBBI penalises IP

February 20, 2025 168 Views 0 comment Print

IBBI penalizes insolvency professional S. Muthuraju for negligence in handling EPFO claims during liquidation. Read the full disciplinary order and findings.

IFSCA (Fund Management) Regulations, 2025: Key Provisions

February 20, 2025 333 Views 0 comment Print

IFSCA updates fund management regulations, reducing compliance costs, easing investment rules, and enhancing regulatory clarity for financial entities in IFSC.

IFSCA Fund Management Regulations 2025

February 20, 2025 348 Views 0 comment Print

Overview of IFSCA Fund Management Regulations 2025, covering investor criteria, fund valuation, disclosure norms, borrowing limits, and compliance requirements.

ICAI Issues Corrigendum for CA Firm Merger Guidelines 2024

February 20, 2025 249 Views 0 comment Print

ICAI corrects formatting errors in CA Firm Merger Guidelines 2024, addressing alignment issues in seniority, partnership firms, and merger-related provisions.

BOS Publications for May 2025 CA Exams by ICAI

February 20, 2025 429 Views 0 comment Print

Check the BOS publications for Foundation, Intermediate & Final courses for the May 2025 CA exams. Access study material details and publication dates.

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