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    Friday, August 7

    Law & Policy

    India Implements Sweeping Financial Reforms from July 1, 2025: What Businesses and Taxpayers Must Know

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    Effective July 1, 2025, India introduced major financial and compliance reforms spanning taxation, banking, and railways. Key changes include irreversible GST filings with a three-year filing cap, launch of a second e-way bill portal, and mandatory Aadhaar for new PAN applications. The ITR deadline for AY 2025–26 is extended to September 15, 2025. Banks revised credit card and ATM fees, while Indian Railways hiked fares and made Aadhaar authentication compulsory for Tatkal bookings. These measures aim to boost digital transparency and regulatory discipline, urging businesses and individuals to adopt stricter compliance and timely updates.

    Supreme Court: High Courts Cannot Direct Police To Follow Section 41A CrPC After Refusing To Quash FIR

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    In Practical Solutions Inc. v. State of Telangana, the Supreme Court held that when a High Court refuses to quash an FIR, it cannot indirectly protect the accused from arrest by directing the police to follow procedures like notice under Section 35(3) BNSS (earlier Section 41A CrPC) without proper reasons. The Court said such relief can be granted only after considering the merits and hearing the complainant. Relying on Neeharika Infrastructure (P) Ltd. v. State of Maharashtra, it set aside the High Court’s order and sent the case back for fresh consideration.

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