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Archive: 01 April 2025

Posts in 01 April 2025

DPIIT Revises IEM Eligibility for Large Industries

April 1, 2025 1698 Views 0 comment Print

From April 1, 2025, enterprises with investment over ₹125 Cr or turnover above ₹500 Cr can apply for IEM acknowledgment under revised DPIIT criteria.

IBBI Suspends IP: Anil Mehta Misconduct Order

April 1, 2025 582 Views 0 comment Print

IBBI suspends Insolvency Professional Anil Mehta for three months due to misconduct in handling Pratibha Industries Limited’s liquidation.

Expert panel formed to address statutory bank branch audits queries

April 1, 2025 5278 Views 0 comment Print

ICAI’s AASB launches online expert panel for bank branch audit queries. Get guidance on RBI guidelines from April 1-15, 2025.

The Role of Interest Rates in Car Loan Decision-Making Process

April 1, 2025 1473 Views 0 comment Print

Learn how interest rates affect car loan costs. Understand their role in decision-making and find tips for better loan terms.

Anti-dumping duty imposition not end with disclosure statement publication: Delhi HC

April 1, 2025 1014 Views 0 comment Print

Delhi High Court held that the system of imposition of anti-dumping duty does not end with the disclosure statement being published. Thus, held that the writ petitions cannot be held to be not maintainable at the stage of the disclosure statement.

PCIT Need Not Issue Detailed Order if Section 151 Approval Shows Application of Mind

April 1, 2025 1284 Views 0 comment Print

Delhi High Court ruled on the validity of re-assessment proceedings in PCIT-04 vs Ganesh Ganga Investments Pvt Ltd, focusing on borrowed satisfaction and approval under Section 151.

Dumb Money Security & Short Selling: Market Impact and Regulation

April 1, 2025 828 Views 0 comment Print

The movie Dumb Money (2023), which is based on the GameStop short squeeze that happened in early 2021. Based on real events, the film unpacks how a group of retail investors, led by financial analyst and YouTuber Keith Gill (Roaring Kitty), used Reddit’s r/WallStreetBets forum to drive up GameStop’s stock price, causing massive losses for […]

Electronic Filing of Form 10F: Challenges and Uncertainties

April 1, 2025 1419 Views 0 comment Print

CBDT’s shift to electronic Form 10F filing poses compliance challenges for resident payers and non-residents, raising concerns over clarity, PAN requirements, and tax risks.

AI-Generated Tax Order Lacks Reasoning: Bombay HC directs revision

April 1, 2025 1560 Views 0 comment Print

Bombay High Court directs tax revision for an AI-generated invalid return order lacking reasoning, stressing natural justice and human oversight.

ITAT Kolkata Allows Foreign Tax Credit Despite Form 67 Delay

April 1, 2025 807 Views 0 comment Print

ITAT Kolkata rules in favor of Anindya Sarkar, allowing Foreign Tax Credit despite delayed Form 67 filing, citing DTAA provisions over domestic tax laws.

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