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Archive: February, 2025

Posts in February, 2025

Advocate Cannot Represent Workman if Management Representative Lacks Legal Training: Bombay HC

February 12, 2025 66 Views 0 comment Print

Bombay High Court held that the management representative cannot be treated as legally trained mind for enabling an outsider practicing Advocate to defend Respondent-workman in the domestic enquiry. Accordingly, order of industrial court is liable to be set aside.

No Addition Based on mere Loose Papers, WhatsApp Chats: ITAT Pune

February 12, 2025 6363 Views 1 comment Print

ITAT Pune deletes additions against Ganraj Homes LLP based on extrapolated on-money allegations, citing lack of corroborative evidence and arbitrary assumptions.

Union Budget 2025-26: Economic Growth & Direct Tax Reforms

February 12, 2025 678 Views 0 comment Print

Budget 2025-26 focuses on growth, tax relief, and investment. GDP projected at 6.3-6.8%, new tax slabs ease burden on middle class, and economic reforms drive progress.

A Solution to Menace of Fake invoices causing huge demand under GST

February 12, 2025 1044 Views 1 comment Print

Understand the GST fake invoice issue, tax demand, penalties, and possible solutions, including appeals, payments, and expected amnesty schemes.

Representation of Corporations at Meetings: Section 113 Companies Act

February 12, 2025 588 Views 0 comment Print

Learn about Section 113 of the Companies Act, 2013, which governs corporate representation at company and creditor meetings, including authorization rules.

Analysis of Notifications and Circulars for Week ending 9th February 2025

February 12, 2025 4545 Views 0 comment Print

Key regulatory updates from Income Tax, GST, SEBI, RBI, and DGFT for the week ending Feb 9, 2025, covering tax amendments, compliance changes, and judicial rulings.

Penalty Imposed on Arisebhavishya India Nidhi Ltd for Section 12 Non-Compliance

February 12, 2025 174 Views 0 comment Print

The ROC, Punjab & Chandigarh, imposed penalties on Arisebhavishya India Mutual Benefit Nidhi Ltd for failing to maintain a registered office per Companies Act, 2013.

ITAT Chennai Sets Aside addition for Unaccounted Jewellery per CBDT Instruction

February 12, 2025 138 Views 0 comment Print

ITAT Chennai held that addition under section 69 towards unaccounted gold and silver jewellery set aside relying on CBDT instruction no. 1916 dated 11.05.1994. Accordingly, appeal of the assessee allowed.

MSME Ministry Information held in fiduciary capacity not disclosable under RTI: IBBI

February 12, 2025 78 Views 0 comment Print

IBBI denies RTI appeal citing fiduciary exemption under Section 8(1)(e). The requested MSME-related information was withheld. Appeal disposed on Feb 10, 2025.

RTI Act mandated Access to Records, Not Creation of Documents

February 12, 2025 183 Views 0 comment Print

IBBI’s First Appellate Authority reviews RTI appeals by Kairav Anil Trivedi, addressing disclosure requests under the RTI Act. Key findings and decision summary.

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