Directorate of Enforcement (ED), Lucknow Zonal Office has provisionally attached 12 immovableproperties situated at Meerut, Noida & Delhi pertaining to Anil Mithas, Utkarsh Mithas, Madhu Mithas, M/s velvetvista fashion Pvt Ltd, M/s Kanti Prashad Mittal partnership firm, M/s Sethi Promoters Pvt Ltd and one movableproperty in the form of preference share certificate issued by M/s … Read more
It’s Income Tax Return (ITR) filing season for Assessment Year (AY) 2025-26 (which covers income earned in Financial Year 2024-25), and whether you’re a salaried professional, a freelancer, or a small business owner, now’s the time to tread carefully. While digital filing has made things faster, even minor missteps can lead to notices from the … Read more
In a significant move to bolster US-India agricultural trade, NITI Aayog, India’s government think tank, is pushing for a strategic shift in import policies. Their recent working paper advocates for the import of genetically modified (GM) soybeans and corn from the U.S., despite the current ban and ongoing judicial scrutiny in India. The proposal aims … Read more
A parliamentary committee reviewing India’s Income Tax Bill, 2025, is set to recommend clarifying the language in some clauses to remove ambiguity, rather than proposing any major overhauls. This suggests the focus is on simplification and clarity within the existing framework. The committee, led by BJP MP Baijayant Panda, is expected to submit its report … Read more
Air India’s Dreamliner Fleet Under Scrutiny After Ahmedabad Crash New Delhi, India – In the wake of the tragic Air India crash in Ahmedabad on June 12, 2025, aviation authorities have swiftly intensified their focus on safety. The Directorate General of Civil Aviation (DGCA) issued a directive on June 13, mandating immediate and comprehensive safety … Read more
SUPREME COURT OF INDIANOTIFICATIONNew Delhi, the 14th June, 2025G.S.R. 385(E).— In exercise of the powers conferred by article 145 of the Constitution ofIndia and all other enabling provisions in this behalf, the Supreme Court, with the approval of thePresident, hereby makes the following rules further to amend the Supreme Court Rules, 2013namely:-
Middle East Tensions: A Potential Windfall for Russian Oil? The escalating conflict between Israel and Iran, combined with ongoing threats in the Red Sea, is putting the global oil supply chain on edge. If Iran were to block the Strait of Hormuz and Houthi attacks intensify in the Red Sea, the world’s oil arteries could … Read more
Trump Warns Iran: Nuclear Deal or “Worse” Strikes to Come Donald Trump has issued a stern warning to Iran following recent Israeli strikes, urging them to agree to a nuclear deal with the United States. He stated that without a deal, Israel’s attacks on Iranian military and nuclear facilities “will only get worse.” In his … Read more
It’s Saturday, June 14, 2025, and with the first advance tax instalment deadline for FY 2025-26 fast approaching tomorrow, June 15, there’s a common question buzzing: What happens if I pay on Monday, June 16, because the 15th is a Sunday? Good News: You’re Likely in the Clear! You can breathe a sigh of relief. … Read more
In a Crackdown on Cyber Financial Crimes, CBI Conducts Multi-State Searches Arrests a Mumbai Resident under Operation Chakra-V As part of its ongoing nationwide crackdown on cyber-enabled financial crimes under Operation Chakra-V, the Central Bureau of Investigation (CBI), has conducted extensive searches at 10 locations across Delhi, Hisar, Lucknow, Mumbai, Pune, and Nashik in connection … Read more
