Category: Legal
*******Eight years on, RERA long on promise, short on delivery – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/eight-years-on-rera-long-on-promise-short-on-delivery-3862115/ Eight years since its launch, RERA has improved real estate transparency but suffers from weak enforcement, data overload, and uneven state implementation. While
*******CBDT gears up for new Income Tax Bill implementation, plans workforce training – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/cbdt-gears-up-for-new-income-tax-bill-implementation-plans-workforce-training/article69619839.ece The bill, currently under review by a Parliamentary Select Committee, is expected to be cleared in the Monsoon Session. Ahead of the passage
*******YouTube’s three-strike rule: What creators should know and how to appeal | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/youtube-s-three-strike-rule-what-creators-should-know-and-how-to-appeal-125052600554_1.html YouTube’s three-strike policy covers copyright and community violations; three strikes in 90 days can shut down your channel. Here’s how creators can navigate,
*******Playing cards without gambling doesn’t involve moral turpitude: SC | India News – Business Standard
Clipped from: https://www.business-standard.com/india-news/playing-cards-without-gambling-doesn-t-involve-moral-turpitude-sc-125052500238_1.html The Supreme Court ruled that playing cards for fun without gambling doesn’t involve moral turpitude, reinstating Hanumantharayappa YC’s election in Karnataka’s cooperative society
*******ITC on Inputs for Destroyed Goods Reversible: Telangana AAAR
Clipped from: https://taxguru.in/goods-and-service-tax/itc-inputs-destroyed-goods-reversible-telangana-aaar.html ITC availed on inputs used in the manufacture of finished goods that subsequently got destroyed, must be reversed: Telangana AAAR The Telangana AAAR,
*******Labour reforms by states have limited potential, defeat purpose: Experts | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/labour-reforms-by-states-have-limited-potential-defeat-purpose-experts-125052301572_1.html At least 20 states and UTs have amended their laws and increased the threshold for retrenchment without government approval from 100 to 300
***Addition not sustained as source of funds for purchasing crypto currency explained
Clipped from: https://taxguru.in/income-tax/addition-sustained-source-funds-purchasing-crypto-currency-explained.html Primit Shambhuprasad Purani Vs ITO (Gujarat High Court) Gujarat High Court held that reopening of assessment under section 148 of the Income Tax
*******section 54 exemption: Selling two homes? New tax ruling says you can still save on capital gains | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/selling-two-homes-new-tax-ruling-says-you-can-still-save-on-capital-gains-125051900886_1.html A recent ITAT ruling offers tax relief for those selling two homes and reinvesting in one, easing capital gain worries, especially for joint
*****Courting reform: Newly appointed CJI B R Gavai must address case pendency
lipped from: https://www.business-standard.com/opinion/editorial/courting-reform-newly-appointed-cji-b-r-gavai-must-address-case-pendency-125051401727_1.html Justice Gavai has been part of several seminal apex court judgments – among them, upholding the revocation of Jammu & Kashmir’s special status,
*******Electronic Evidence: Sections 65B & 63 of Evidence Act Not Applicable to Tax Proceedings
Clipped from: https://taxguru.in/income-tax/electronic-evidence-sections-65b-63-evidence-act-applicable-tax-proceedings.html ACIT Vs Vetrivel Minerals (VV Minerals) (Madras High Court) Admissibility of Electronic Evidence in Income Tax Proceedings: Inapplicability of Section 65B of the Indian Evidence
Govt steps up vigil as cyberattacks rise since Pahalgam terror attack
Clipped from: https://www.business-standard.com/industry/news/govt-steps-up-vigil-as-cyberattacks-rise-since-pahalgam-terror-attack-125050701493_1.html Tells Cert-in, banks, power stations to be on high alert Banks have also stepped up their vigil and response practice in anticipation of
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