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.
Critical update on GSTR-9 Table 8A auto-population logic for FY 2024-25. Data now relies on GSTR-2B and the document date, impacting Table 8C reconciliation.
Analysis of the new Section 147/148 search assessment in the IT Act. Examines the requirement for incriminating material despite the “deemed information” clause.
Bombay High Court rules that consolidating multiple financial years into a single GST Show Cause Notice (SCN) is without jurisdiction and violates statutory limitation rules.
Gujarat High Court rules refund for double IGST payment cannot be denied on Customs Act limitation grounds, as revenue cannot retain tax paid without authority of law.
Chhattisgarh High Court set aside a GST demand of Rs 5 Cr, ruling the amount violated Section 75(7) of the GST Act by exceeding the SCN’s stated liability.
