The contrast with the old Income-Tax Act is stark. The 1961 law ran into 512,000 words; the 2025 one pares that down to 259,000. Chapters have been cut from 47 to 23, while sections have reduced from 819 to 536. One of the clearest changes is terminological. The confusing twin concepts of 'assessment year' and 'previous year' have been scrapped.
The Chhattisgarh High Court has directed the state government to pay Rs 25,000 each to 84 students who consumed mid-day meals soiled by a dog. The court cited negligence on the part of the government and emphasized the need for vigilance in providing mid-day meals.
The Supreme Court of India has formed a Special Investigation Team (SIT) to investigate allegations of non-compliance with laws and irregularities at Vantara, a Green Zoological Rescue and Rehabilitation Centre in Gujarat. The SIT will examine the acquisition of animals, compliance with wildlife protection laws, and other related issues.
Unresolved succession plans and informal ownership structures are fuelling bitter family fights across India's corporate boardrooms.
'If a charitable or religious trust sells a capital asset -- such as land, buildings, shares -- and makes a capital gain, it can avoid paying tax on that gain if it reinvests the proceeds in another capital asset for its charitable purposes.'
The Singapore International Arbitration Centre (SIAC) has awarded Rs 23.7 crore in damages, besides arbitration and litigation costs, to Amazon in its long-running dispute with the Kishore Biyani-led Future Group. The three-member bench of the tribunal held that Future Group had breached the terms of its contract with Amazon by entering into a transaction with Reliance.
'Coming up with a uniform formula is important at least for central government-conducted examinations.'
The National Pharmaceutical Pricing Authority will monitor how companies are increasing prices of non-scheduled drugs.
The Gujarat High Court has initiated suo motu contempt proceedings against a man for attending a virtual hearing while sitting on a toilet seat. The incident occurred on June 20 and a video of it went viral. The court has directed the registry to issue a notice to the man, identified as Abdul Samad, to explain why he should not be prosecuted for contempt of court.
'The new Bill introduces no policy or rate changes, leaving financial planning strategies largely unaffected.'
'The considerations for choosing between the old and new tax regimes remain essentially unchanged.'
The Uttarakhand high court has asked two top officials of the state to find out whether an officer who has no knowledge of English can effectively control an executive position after an additional district magistrate responded in Hindi during the hearing of a public interest litigation (PIL).
Delhi high court ruling on numbers as trademarks could be a trendsetter.
The inclusion of the Kolhapuri chappal in Prada's new show -- without proper collaboration or acknowledgement --not only undermines the artisans' cultural heritage but also monetises a centuriesold craft without benefiting its rightful custodians.
File a written complaint with the bank's grievance redressal officer and secure an acknowledgement.
The team toured four clusters in and around Kolhapur where Kolhapuri chappals are made.
In October 2024, Jindal Stainless challenged a Goods and Services Tax (GST) notice in the Delhi high court. It was about corporate guarantees issued to related parties by its former group company, Jindal Stainless (Hisar), before their merger in March 2023.
DPDP Act (2023) gives individuals the right to decide how their personal data is collected and used. For many businesses, this means reworking longstanding data practices, notes Ravi Duvvuru.
A Public Interest Litigation (PIL) has been filed in the Bombay High Court against Italian fashion house Prada for its alleged unauthorized use of the Kolhapuri chappals. The PIL seeks compensation to be paid to Indian artisans for allegedly copying their design.
The Gujarat High Court has directed a man to deposit Rs 1 lakh after he attended a virtual court hearing while relieving himself on a toilet seat. The incident prompted suo motu contempt proceedings.
The Bombay high court on Wednesday dismissed a public interest litigation (PIL) against Italian fashion house Prada for its alleged unauthorised use of the famous Kolhapuri chappals.
In a significant development, the Supreme Court on Thursday recalled its controversial May 2 verdict that had ordered liquidation of Bhushan Power & Steel Limited (BPSL) while setting aside a resolution plan of JSW Steel Limited for the ailing firm. A bench comprising Chief Justice B R Gavai and Justice Satish Chandra Sharma observed that the May 2 judgment, authored by Justice Bela M Trivedi, since retired, did not "correctly consider the legal position as has been laid down in the catena of judgments".
Parliamentary Affairs Minister Kiren Rijiju feels that the National Sports Governance Bill, which is set to be tabled in the monsoon session beginning on Monday, will usher in a 'new era' for sports in India.
The committee said the Uttar Pradesh government did not file appeals against the high court's November 8, 2023 order and instead, an impleadment application was filed in the pending plea before the top court.
'The government, if it deems fit, will incorporate the changes in the Bill, take approval from the Cabinet before moving the bill for consideration and passage in the Lok Sabha.'
The famous 'tareekh pe tareekh' dialogue from the Hindi movie Damini captures where we are now.
Any defect identified by the expert would have to be rectified within one month, failing which compensation of 5,000 per day would be payable.
The Delhi high court on Friday stayed a Rs 1,140 crore angel tax demand raised by the Income Tax department from hospitality and hotel aggregator Oyo's parent company Oravel Stays Private Limited for the assessment year 2020-21. The tax demand was issued under Section 56(2) (viib) of the Income Tax Act, commonly known as the "angel tax" provision, which applies when unlisted companies issue shares at a value exceeding their "fair" market price.
'Byju's founders reserve all rights to bring actions against those parties that have caused damage to them personally and to their businesses.'
The Calcutta High Court reviewed a progress report submitted by the Kolkata Police regarding the investigation into the alleged gang rape of a student at South Calcutta Law College. The court has requested a further report in four weeks.
It was stated that Mishra was very influential in the conduct of the day-to-day affairs of South Calcutta Law College, of which he is an alumnus.
They presented a letter urging him to look into the violation and preserve the product, which is a symbol of the state's cultural heritage.
'It's important for India to think about areas where it wants the US to move.' 'We can be far more innovative in what we ask the US.' 'Given that there's a package deal, why not do it?'
The Supreme Court asked its registry officials on Wednesday to comply with a recent order of the court in which it was directed that the practice of mentioning the caste or religion of litigants must be shunned.
Ruling that Flipkart cannot "escape liability" as "mere intermediary" in an online purchase, a consumer commission here has found the e-commerce platform and television manufacturing company Thomson guilty of deficiency in service after a defective TV was delivered to a customer.
GST Network on Saturday said beginning the July tax period, GST taxpayers will not be able to file monthly and annual GST returns after three years of the original filing due date. The July 2025 tax period means taxpayers will file
Five companies have submitted resolution plans for Jaiprakash Associates Ltd (JAL), the flagship company of the beleaguered Jaypee group, the company has said in a stock exchange filing. The Adani group, Vedanta, Jindal Steel & Power, Dalmia Bharat, and PSP Projects are the final bidders and the offers range from Rs 10,000 crore to Rs 11,000 crore, said a source close to the development.
While naming him as the NDA candidate for the Vice President's post, the BJP had described him as 'Kisan putra', a move seen in the political circles aimed at reaching out to the politically significant Jat community which had participated in huge numbers in the year-long farmers' protests against agriculture reform measures unveiled in June 2020.
The Bombay high court on Friday expressed concern over deaths of commuters on Mumbai local trains, describing the situation as 'alarming', an observation coming days after five people lost their lives post-falling off a packed suburban service.
The practice of mentioning caste or religion of litigants in court cases must be shunned, the Supreme Court has said while directing its registry and all other courts to stop it immediately.
'Experts and stakeholders have raised concern over the refund provision in the draft Bill. That was a drafting error, which will be rectified,' a government official said.
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