Arrest safeguards and transit remand requirements invalidated detention following inter-State transfer without communicated grounds or magistrate auth...
Arrest safeguards require disclosed grounds, relative intimation and transit remand, while duplicate prosecution under the CGST framework is unsustain...
Document Identification Number defects can invalidate GST assessments, with delayed challenges entertained conditionally where patent irregularities e...
Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
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The Income Tax Bill 2025 consolidates and modernizes deemed income provisions previously contained in Sections 7 and 8 of ITA 1961. The new Clause 7 creates a unified framework dividing deemed income into two sub-clauses: employee benefits and dividend income. Key modifications include updated references to Schedule XI for provident funds, expanded scope of employer contributions, and refined dividend income treatment. The consolidation maintains essential provisions while improving organizational clarity through precise terminology and streamlined cross-references. The restructuring aims to reduce interpretational disputes and align with contemporary business practices, though initial implementation may require updated judicial precedents. The reform represents a systematic enhancement of deemed income provisions while preserving their fundamental characteristics.
The Income Tax Bill 2025 consolidates and modernizes deemed income provisions previously contained in Sections 7 and 8 of ITA 1961. The new Clause 7 creates a unified framework dividing deemed income into two sub-clauses: employee benefits and dividend income. Key modifications include updated references to Schedule XI for provident funds, expanded scope of employer contributions, and refined dividend income treatment. The consolidation maintains essential provisions while improving organizational clarity through precise terminology and streamlined cross-references. The restructuring aims to reduce interpretational disputes and align with contemporary business practices, though initial implementation may require updated judicial precedents. The reform represents a systematic enhancement of deemed income provisions while preserving their fundamental characteristics.
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