Tag: IndianEconomy

New Income Tax Bill: Balancing Privacy & Tax Authority Powers

New Income Tax Bill: A Conundrum Between Right To Privacy And Authorized Officers’ Access To Virtual Digital Space

Introduction The Income-Tax Bill, 2025, introduced in the Lok Sabha on February 13, 2025, aims to modernize India’s direct tax framework by replacing the six-decade-old Income Tax Act, 1961. While the bill simplifies tax laws

Personal Guarantors to Corporate Debtors: A Guide to Insolvency Resolution under IBC

Personal Guarantors to Corporate Debtors: A Guide to Insolvency Resolution under IBC

Introduction The Insolvency and Bankruptcy Code (IBC), 2016, provides a robust legal framework to resolve insolvency and ensure the timely reorganization of debts. Sections 94 to 120, specifically, deal with the insolvency resolution process for