• March 15, 2025

Case Details: Dr. Doma T. Bhutia vs. Union of India - [2025] 172 taxmann.com 293 (SIKKIM) Judiciary and Counsel Details Biswanath Somadder, CJ. & Meenakshi Madan Rai, J. Dr. Doma T. Bhutia, for the Petitioner. Ms Sangita Pradhan, Dy. Solicitor General of India, Zangpo Sherpa, Additional Adv. General & S.K. Chettri, Government Adv. for the Respondent. Facts […]

• March 14, 2025

This document explores the classification of perpetual bonds with mandatory coupon payments under Ind AS 32, Financial Instruments: Presentation. It examines whether such instruments should be categorized as equity or financial liabilities in financial statements. Perpetual bonds, by nature, do not have a maturity date and may exhibit characteristics similar to equity. However, the presence […]

• March 13, 2025

Circular no. IFSCA-CSDOMSC/13/2025-DCS; Dated: 10.03.2025 IFSCA has issued guidelines on Cyber Security and Cyber Resilience’ for Regulated Entities in IFSCs. The guidelines intend to lay down IFSCA’s broad expectations from its REs. For these guidelines, REs must include any entity which is licensed, recognised, registered or authorised by IFSCA. The key components of the guidelines […]

• March 12, 2025

Case Details: Principal Commissioner of Income-tax (Central)- 3 vs. Ridgeview Construction (P.) Ltd - [2025] 172 taxmann.com 52 (Delhi) Judiciary and Counsel Details Yashwant Varma & Harish Vaidyanathan Shankar, JJ. Indruj Singh Rai, SSC, Sanjeev Menon, Rahul Singh, JSCs, Anmol Jagga & Gaurav Kumar, Advs. for the Appellant. Gautam Jain & Manish Yadav, Advs. for the Respondent. Facts of the Case […]

• March 11, 2025

Notification no. 18 /2025, dated 06-03-2025 The Central Board of Direct Taxes (CBDT) has notified ‘Delhi Building and Other Construction Workers Welfare Board’, for the purposes of clause (46) of section 10 of the Income-tax Act, 1961. The exemption is available for the following incomes: a) Cess received. b) Registration & Renewal fee received/collected from […]

• March 10, 2025

Case Details: Achal Kumar Jindal v. Evaan Holdings (P.) Ltd. - [2025] 171 taxmann.com 827 (HC-Delhi) Judiciary and Counsel Details Chandra Dhari Singh & Anoop Kumar Mendiratta, JJ. Ms. Ranjeeta Rohtagi, Avishkar Singhvi, Keshav Sehgal, Shivam Gaur, Kshitiz Joshi, Aryan Kumar & Ms Nandita Kumar, Advs. for the Appellant. Rajiv Nayyar, Sr. Adv., Ms Devika Mohan, Ms Manya Chandok, Prabhav Bhaguna, Saurabh Seth, Ramesh Babu & Ms […]

• March 9, 2025

Notification No. F. No. 1/2/2025/HP-I/Estt./436 to 444; Dated: 28.02.2025 The Ministry of Home Affairs (MHA) has notified Non-Cognizable Offences Report Rules, 2025. As per the rules, every information received u/s 174 of the Bharatiya Nagarika Suraksha Sanhita, 2023, must be converted to a Non-Cognizable Offence Information report (NCR) on Crime & Criminal Tracking Network and […]

• March 8, 2025

Vishal Gupta & Shahrukh Kamal – [2025] 172 taxmann.com 77 (Article) The Income Tax Bill 2025 represents a bold attempt to modernize and simplify India’s income tax framework by replacing the Income Tax Act, 1961 (ITA 1961), a law that has been in place for over six decades. While this overhaul is positioned as a […]

• March 7, 2025

The ICMAI issued an advisory on February 27, 2025, warning members against unauthorized activities that could harm the Institute’s reputation and governance. It strictly prohibits the formation of unauthorized associations, unapproved communication with government bodies, and illegal activities for personal branding. Members are barred from misusing the Institute’s name, logo, or influence without approval and […]