Economy

Supreme Court upholds constitutional validity of arrest provisions under GST & Custom Acts

The Supreme Court, on Thursday, upheld the constitutional validity of arrest provisions under GST and Custom laws. However, it has also prescribed certain conditions for action, based on such provisions. “The challenge to the constitutional validity as also the right of the authorised officers under the Customs Act and the GST Act to arrest are […]

ICAI sets up five-member group to review provisions of new Income Tax Bill, says President CA. Charanjot Singh Nanda, ETCFO

CA. Charanjot Singh Nanda, President, ICAI In a significant move to support fiscal reforms, the Institute of Chartered Accountants of India (ICAI) has announced the formation of a five-member group to closely examine the provisions of the newly introduced Income Tax Bill, 2025. CA. Charanjot Singh Nanda, President of ICAI, praised the bill, calling it […]