The case reveals how unverified sustainability claims and weak disclosures can mislead markets. It reinforces that ESG statements must be backed by traceable data and enforceable evidence.
The framework mandates structured disclosures and third-party verified impact reporting to reduce information gaps in social finance. This ensures transparency and builds investor confidence in social enterprises.
The development focuses on expansion of trading services in India. The company is enhancing access, support, and education to meet rising investor demand.
The Orissa High Court held that supplier non-existence cannot automatically imply fraud by the recipient. Independent evidence of intent is mandatory for invoking Section 74.
The 30% Disallowance Trap in Section 35(b) of the Income Tax Act, 2025: When a Wrong TDS Payment Code Under Section 393 Triggers Full Business Expenditure Disallowance — The Code 1026 vs. Code 1027 Paradox The Income Tax Act, 2025, effective from 1st April 2026, consolidates all non-salary TDS obligations into a single Section 393, […]
Gujarat AAAR held that ITC validly availed can be used across different business lines under the same GSTIN. The ruling removes the need for strict nexus between inputs and outputs.
Paying RCM tax through DRC-03 does not allow ITC claim, leading to permanent loss. The correct method is through GSTR-3B with self-invoice to preserve credit.
The Audit Committee ensures oversight of audits, controls, and compliance beyond financial reporting. Its effectiveness depends on independence, expertise, and quality decision-making.
Premiums are deductible as business expenses, but proceeds are fully taxable. Assignment may trigger salary taxation, making careful planning essential.
The distinction between slump sale and itemised asset sale determines how capital gains are taxed. A true slump sale applies Section 50B, while asset-wise transfers follow normal tax provisions.
