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Archive: 25 April 2025

Posts in 25 April 2025

CITES Permit Not Needed for Limited Agarwood Export: CBIC

April 25, 2025 1668 Views 0 comment Print

CBIC clarifies CITES permits not required for small quantities of agarwood products carried for personal use by international travelers.

Initiation of insolvency proceedings justified as application filed within limitation period

April 25, 2025 531 Views 0 comment Print

NCLAT Delhi held that initiation of Corporate Insolvency Resolution Process (CIRP) for failure to honour repayment obligation justified since application filed within limitation period. Accordingly, present appeal dismissed.

Initiation of IRP u/s. 95 of IBC against personal guarantor upheld as no principle of natural justice violated

April 25, 2025 795 Views 0 comment Print

NCLAT Chennai held that initiation of the IRP proceeding u/s. 95 of Insolvency & Bankruptcy Code, 2016 against personal guarantor upheld as no principle of natural justice has been violated, and that the Resolution Professional has given sufficient opportunities.

Unpaid VAT liability not claimed as expense in P&L cannot be disallowed u/s. 43B

April 25, 2025 1029 Views 0 comment Print

ITAT Raipur held that disallowance under section 43B of the Income Tax Act towards unpaid VAT liability cannot be sustained since the amount was not claimed as an expenditure in P&L account. Accordingly, appeal of revenue dismissed.

Assessment order passed against non-existent entity is invalid: ITAT Ahmedabad

April 25, 2025 1050 Views 0 comment Print

ITAT Ahmedabad held that assessment order passed against non-existent entity is an invalid assessment order and hence entire assessment framed is liable to be quashed. Accordingly, appeal of assessee allowed.

Women in Workforce: Role of Labour Laws in Ensuring Gender Equality

April 25, 2025 1218 Views 0 comment Print

This blog delves into the role of labour laws in promoting gender equality, analyzing their effectiveness and the challenges faced in implementation. By examining current trends, challenges, and opportunities, we aim to provide a comprehensive perspective on fostering a more inclusive workforce in India.

Income Tax Refund cannot be denied for Minor Return Error: Gujarat HC

April 25, 2025 1191 Views 0 comment Print

Gujarat High Court rules in favor of assessee, stating a mere error in reporting disallowances shouldn’t lead to refund denial after revised return deadline.

Industrial Employment (Standing Orders) Act, 1946 and Its 2016 Amendment

April 25, 2025 1536 Views 0 comment Print

In this blog, we will go deeply into the Industrial Employment (Standing Orders) Act, 1946 and its 2016 Amendment vide Industrial Employment (Standing Orders) Central (Amendment) Rules, 2016, with a particular emphasis on one essential component: worker classification.

Gujarat HC Upholds ITAT, Deletes Additions on F&O Profit, Capital Increase & Investment

April 25, 2025 1095 Views 0 comment Print

Gujarat HC dismisses Revenue’s appeal, upholding ITAT’s decision to delete additions on F&O profit, capital increase, & investment due to AO’s errors.

Code on Wages 2019 vs Old Labour Laws in India

April 25, 2025 2352 Views 0 comment Print

Explore how the Code on Wages, 2019 compares with previous labour laws on minimum wages, timely payments, and equal remuneration in India.

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