• February 12, 2025

Safety and environmental upgrades, often required by government regulations, include enhancements such as improving chemical storage tanks, installing waste management systems, and upgrading ventilation systems to meet safety and environmental compliance standards. Safety and environmental costs are incurred to ensure regulatory compliance, maintain safe business operations, and reduce environmental risks. These costs play a vital […]

• February 11, 2025

Case Details: Beach Mineral Producers Association v. IREL (India) Ltd. - [2025] 170 taxmann.com 849 (CCI) Judiciary and Counsel Details Ms Ravneet Kaur, Chairperson, Anil Agrawal, Ms Sweta Kakkad & Deepak Anurag, Members Tarun Gulati, Sr. Adv., Abhay Joshi, Ms Aayushi Sharma, Ms Bhaavi Agrawal, Pavan Kalyan and Ms Shruti, Advs. & G. Balasubramanian, General Manager of IREL (India) Ltd. for the […]

• February 10, 2025

Case Details: Seeta Shah vs. ICICI Bank Ltd. - [2025] 170 taxmann.com 815 (NCLAT-New Delhi) Judiciary and Counsel Details Justice Ashok Bhushan, Chairperson & Barun Mitra, Technical Member Abhijeet Sinha, Sr. Adv., Ms Shaista Pathan, Bhavya Sethi & Tushar Bagga, Advs. for the Appellant. Krishnendu Datta, Sr. Adv., Nitesh Jain, Prakshal Jain, Kartikeya Yadav, Ms Pooja Mahajan, Savar Mahajan & Ms Komal, Advs. for the Respondent. […]

• February 8, 2025

Case Details: ITO (International Taxation) vs. Hartaj Sewa Singh - [2025] 171 taxmann.com 18 (Kolkata-Trib.) Judiciary and Counsel Details Sanjay Garg, Judicial Member & Rakesh Mishra, Accountant Member Sunil Surana, AR. for the Appellant. Ruchika Sharma, Sr. DR. for the Respondent. Facts of the Case Assessee is working as an investment banker and strategic management consultant. During […]

• February 7, 2025

Case Details: Bipin J. Bagadia vs. Grand View Estates (P.) Ltd. - [2025] 170 taxmann.com 850 (HC-Bombay) Judiciary and Counsel Details M.S. Sonak & Jitendra Jain, JJ. Mohit Khanna & Vaibhav Jagdale, for the Appellant. Virag Tulzapurkar, Cyrus Ardeshir, Sr. Advs., S.A.K. Najam-essani, Ms Pooja Shah, Maneksha, Sethna, Advs., Ranjiv Carvalho, Smt. Aparna Thipsay, Amir Arsiwala, Rahul Gupta, Yash Jariwala & Neha Samji for the Respondent. Facts of […]

• February 6, 2025

Case Details: Tvl. S S Enterprises Electricals v. State Tax Officer - [2025] 170 taxmann.com 734 (Madras) Judiciary and Counsel Details Mohammed Shaffiq, J. Abdul Rahman for the Petitioner. Ms Amrita Dinakaran, Govt. Adv. for the Respondent. Facts of the Case The petitioner was engaged in works contract and dealer in electrical transformers, static converters and is […]

• February 5, 2025

The Finance Bill 2025 introduced key amendments to the TDS/TCS framework aimed at simplifying compliance and boosting ease of doing business. Notably, the TDS rate under Section 194LBC for income payable by a securitisation trust is reduced from 25%/30% to 10%. Additionally, the bill raises the threshold limits for TDS applicability across various sections—covering areas […]

• February 4, 2025

The Institute of Chartered Accountants of India (ICAI) has released the Draft Bank Branch Auditors’ Panel (MEF) for 2024-25, in line with the Reserve Bank of India’s norms. Applicants can access their details, such as MEF Number, Firm Registration Number (FRN), and category, by entering relevant information on the MEF portal. The draft panel is […]

• February 3, 2025

Circular No. SEBI/HO/MIRSD/ MIRSD-PoD-1/P/CIR/2025/11, Dated: 29.01.2025 SEBI has issued a circular, addressing provisions related to the association of persons regulated by the Board, Market Infrastructure Institutions (MIIs), and their agents with individuals engaged in prohibited activities. The circular explains which regulations govern such associations, defines who qualifies as a ‘person regulated by the Board,’ and […]