The Central Board of Direct Taxes (CBDT) has introduced significant revisions in Circular No. 04/2025 to streamline the compounding process under the Income-Tax Act, 1961. These guidelines, applicable ...

On March 17, 2025, the Supreme Court of India delivered a definitive judgment (2025 INSC 346) that addresses a critical conflict between insolvency law and cheque bounce provisions. In this judgment, ...