Finance Minister Nirmala Sitharaman announced that the new Income Tax Act, 2025 will come into force from April 1, 2026, replacing the six-decade-old 1961 tax law. The new law aims to simplify compliance, reduce litigation, and make tax rules easier for ordinary taxpayers.
Union Finance Minister Nirmala Sitharaman argues that AAP leader Somnath Bharti cannot represent his wife, Lipika Mitra, in her defamation complaint against her. The court acknowledges the conflict of interest due to Bharti’s direct involvement, with further hearings scheduled for July 16, 2025, as Mitra accuses Sitharaman of damaging Bharti’s reputation.
Lipika Mitra, wife of former AAP MLA Somnath Bharti, has filed a criminal defamation case against Finance Minister Nirmala Sitharaman, alleging defamatory remarks about her marital issues. The Delhi court has postponed the hearing to June 26, requiring Mitra’s lawyer to share the complaint with Sitharaman’s legal team.
Lipika Mitra has filed a criminal defamation case against Finance Minister Nirmala Sitharaman in a Delhi court, alleging defamatory statements that harmed her reputation. The court has issued a notice for Sitharaman to respond by June 12. The case has attracted public attention due to its political implications and the parties involved.
NEW DELHI: Justice BV Nagarathna of the Supreme Court on Sunday stressed the importance of strengthening India’s capabilities in international commercial and investment arbitration. She explained that India must build its own pool of legal professionals to manage complex international disputes, rather than relying on foreign law firms. This, she said, would not only help save costs but also raise India’s standing in the global dispute resolution arena.
The Indian government is set to introduce a new Direct Tax Code next week, aimed at simplifying tax laws and reducing legal disputes. Finance Minister Nirmala Sitharaman confirmed Today (Feb 1), while presenting the Union Budget 2025 that the new tax law will be “simple to understand” and could bring major changes, including scrapping financial years, taxing LIC policy income, and standardizing dividend and high-income tax rates. This move follows extensive public consultation and review by expert committees.
