ok Sabha Select Committee, which has proposed 285 amendments to the draft Income-Tax Bill, 2025, largely focused on simplification and clarity. The report, unanimously adopted by the committee, is expected to be tabled in the Lok Sabha on July 21, 2025.
Supreme Court rules a partnership does not dissolve upon a partner’s death if the deed provides for continuity. Legal heirs’ consent is not mandatory for firm reconstitution, rejecting IOCL’s supply cessation.
The Supreme Court upholds Delhi HC, confirming ITC blocking under GST Rule 86A requires evidence, disallowing arbitrary credit blocking by tax authorities.
Understand Section 169 of the CGST Act on notice service modes. Learn about legal implications, portal service validity, and compliance for taxpayers.
New GST System features will notify taxpayers of ASP data access via OTP consent and allow viewing/revoking access for enhanced security.
Taxpayers can now file appeals (APL-01) on the GST Portal against rejected waiver applications (SPL-07). Exercise caution as withdrawals are not available.
Learn lawful gifting strategies using debt mutual funds, capital assets, and property transfers to reduce income tax liability under Indian tax law.
Director fined by ROC Telangana for violating Section 155 of Companies Act, 2013, possessing two DINs. Penalty imposed for 672-day default.
Supreme Court rules secretly recorded calls between spouses are admissible in matrimonial disputes, overturning a High Court judgment on privacy.
Key regulatory changes from July 7-13, 2025, including Income Tax exemptions, GST rulings, customs duty extensions, SEBI master circulars, MCA form updates, and IBC amendments.
