LawLoveLegal

Background of the Dispute The case arose out of a Memorandum of Understanding (MoU) dated 09.04.2014 between HLV Limited (formerly Hotel Leelaventure Pvt. Ltd.) and PBSAMP Projects Pvt. Ltd. . The agreement related to the sale of land at Banjara Hills, Hyderabad, where PBSAMP paid ₹15.5 crore as advance . When disputes emerged, the MoU was terminated, and arbitration proceedings began.

Income Tax Bill 2025: Select Committee Invites Stakeholder Inputs In a move towards inclusive policymaking, the Lok Sabha Select Committee , chaired by BJP MP Baijayant Panda , has invited suggestions and memoranda from experts, industry bodies, organisations, and stakeholders on the Income-Tax Bill, 2025 . The committee is currently reviewing the proposed legislation, which aims to replace the existing Income-Tax Act of 1961 . As per the official release, submissions must be made within two weeks and should be presented in English or Hindi . Contributors are requested to send two hard copies to the Director (CF&S CITB) at the Lok Sabha Secretariat, Room No. 133A . A Visionary Shift: From 1961 to 2025 The Income-Tax Bill, 2025, tabled in Parliament on February 13, 2025 , by Union Finance Minister Nirmala Sitharaman , represents a comprehensive overhaul of India's decades-old tax regime. It seeks to make the law more concise, lucid, and litigation-free , aligning with...