Five High Courts criticize the CBDT’s habit of last-minute ITR deadline extensions, citing administrative chaos, mental stress, and need for proactive tax governance reform.
ITAT Delhi held that the ₹33.12 crore received by a co-founder to settle disputes and relinquish the right to sue for promised equity is a non-taxable capital receipt. The court ruled the payment wasn’t salary, business income, or capital gains, as the ‘right to sue’ isn’t a transferable capital asset.
SC set aside a HC conviction in a corruption trap case, reinstating acquittal of a Labour Officer. SC ruled that recovery of cash alone is insufficient for conviction under PC Act unless prosecution first proves accused demanded and accepted bribe.
ITAT Mumbai quashed search assessments under Section 153C, ruling that a single, non-speaking, and mechanical approval granted under Section 153D for multiple assessment years is invalid.
SEBI releases a consultation paper for a comprehensive review of the 1996 Mutual Fund Regulations, aiming for simplification, clarity, and enhanced investor protection.
SC ruled that holders of Cumulative Redeemable Preference Shares (CRPS) are investors, not creditors, affirming debt-equity distinction. Since CRPS is equity and redemption is conditional on profits, no ‘financial debt’ or ‘default’ under IBC exists, barring them from invoking Section 7.
(ICSI has announced that Admit Cards for CSEET examination scheduled for November 8, 2025, are available for download starting October 29, 2025.
Allahabad High Court ruled that a taxpayer cannot be denied credit or refund for TDS merely due to a mismatch in Form 26AS. The department must verify the payment from the deductor.
Indus Care Senior Citizen Savings Account offers wellness benefits, a Relationship Manager, family add-on accounts, higher interest rates, and locker discounts.
Analyzing India’s economic growth: High GDP and infrastructure mask challenges like low per capita income, rising household debt, weak domestic consumption, and single-market export reliance.
