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HC Upheld Provisional Attachment of Movable and Immovable Properties to Protect Revenue Interest Due to Fraudulent ITC
Case Details: Shree Dhanlaxmi Metal Industries vs. State of Gujarat - [2025] 173 taxmann.com 559 (Gujarat) Judiciary and Counsel Details Bhargav D. Karia & Niral R. Mehta, JJ. Saurabh Soparkar, Sr. Adv. & Hardik V Vora for the Petitioner. Ms Shrunjal Shah, AGP for the Respondent. Facts of the Case The petitioner, a registered taxpayer under […]
SEBI Proposes to Relax Listed Entities From Sending Hard Copies of Financials to Non-Convertible Securities Holders
Draft Circular; Dated: 21.04.2025 SEBI has issued a draft circular seeking public comments to relax listed entities from sending hard copies of financials to holders of non-convertible securities, who haven’t registered their email addresses, as mandated under Reg. 58(1)(b) of the SEBI (LODR) Regulations. The listed entities must disclose a web link to their financials […]
[Analysis] Consumer Protection Act – CCPA Targets Coaching Centres’ Promises
Misleading coaching advertisements are promotional claims by coaching centres that falsely guarantee ranks or selection, exaggerate success rates, hide fees or course details, or omit key facts—actions barred by Section 2(28) of the Consumer Protection Act 2019 and the 2024 Guidelines on coaching‑sector advertising. Table of Contents Introduction Mandatory Disclosures to Ensure Transparency in Coaching Advertisements Overview […]
Rights of Data Principals under the DPDP Act 2023
Under the Digital Personal Data Protection Act (DPDP Act), 2023, Data Principals—i.e., individuals to whom the personal data relates—are granted specific rights to empower them and ensure greater control over their personal information. These rights form the core of the Act’s data protection framework and mandate corresponding duties for Data Fiduciaries (i.e., entities that determine […]
[World Tax News] Norway Proposes ‘Tourism Tax’ on Overnight Accommodation and More
Editorial Team – [2025] 173 taxmann.com 631 (Article) World Tax News provides a weekly snippet of tax news from around the globe. Here is a glimpse of the tax happening in the world this week: (a) Norway proposes ‘Tourism Tax’ on overnight accommodation; (b) France clarifies reporting & payment procedures for new tax on capital […]
ASB of ICAI Issues Exposure Draft on Ind AS 109 and Ind AS 107 for Electricity Contracts Dependent on Natural Sources
The Accounting Standards Board (ASB) of ICAI has released an Exposure Draft proposing amendments to Ind AS 109 and Ind AS 107, aimed at contracts for electricity generation from natural sources like solar and wind. The draft provides clarity on how such contracts should be accounted for, allowing their inclusion in hedge accounting. It also […]
Supreme Court Instructed Courts to Inform Income-Tax Dept. About Suits Involving Cash Payments Over ₹2 Lakh
Case Details: Correspondence, RBANMS Educational Institution v. B. Gunashekar - [2025] 173 taxmann.com 586 (SC) Judiciary and Counsel Details J.B. Pardiwala & R. Mahadevan, JJ. Facts of the Case The appellant, R.B.A.N.M.S. Educational Institution, was established in 1873 as a public charitable trust. The respondents filed a suit against the appellant, seeking a permanent injunction […]
ED Allowed to Continue Probe Despite Order Quashing Search as Appeal Was Pending and Investigation Couldn’t Be Halted | HC
Case Details: Directorate of Enforcement v. Dr. Natesha D.B. - [2025] 173 taxmann.com 423 (HC-Karnataka) Judiciary and Counsel Details N.V. Anjaria, CJ. & K.V. Aravind, J. Facts of the Case In the instant case, an FIR was registered alleging large-scale illegalities in a matter of allotment of sites by the Mysore Urban Development Authority (MUDA) officials, […]
Waqf Digital Portal – Surveys and Online Registry in UMEED Act
The Waqf Digital Portal, officially known as the Waqf Assets Management System of India (WAMSI), is an integrated online platform developed by the Ministry of Minority Affairs, Government of India. Launched in 2009, WAMSI aims to digitize, manage, and monitor Waqf properties across the country, enhancing transparency and efficiency in their administration . Table of […]
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