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Clipped from: https://www.financialexpress.com/money/itr-u-form-notified-to-allow-taxpayers-correct-errors-in-previously-filed-return-check-key-changes-penalty-and-more-3851427/ The Central Board of Direct Taxes (CBDT) has notified a new ITR-U (updated income tax return) form to facilitate taxpayers in rectifying errors

Clipped from: https://www.business-standard.com/opinion/columns/bhushan-power-and-steel-case-a-test-for-india-s-insolvency-regime-125051901672_1.html In a major reversal, the Supreme Court ruled that the resolution plan for BPSL, approved by the committee of creditors (CoC) and cleared

Clipped from: https://www.thehindubusinessline.com/opinion/can-bhushan-steel-run-as-a-going-concern/article69594929.ece  IBC provides for liquidation as a going concern, but this has met with resistance. This option can be explored now With the company

Clipped from: https://www.thehindubusinessline.com/opinion/unlocking-ais-potential/article69594953.ece Collaboration among govt, tech firms and academia needed Building a Sovereign AI comes with challenges that require sustained investment, policy clarity, and infrastructure

Clipped from: https://www.business-standard.com/opinion/columns/ibc-requires-urgent-reforms-to-meet-demands-across-various-sectors-125051800780_1.html Court orders and reforms do not compensate for the legislative clarity needed in IBC for sector-specific insolvency processes The Insolvency and Bankruptcy Board

Clipped from: https://www.thehindubusinessline.com/companies/msme/msmes-face-credit-gap-of-30-lakh-crore-women-owned-businesses-see-highest-shortfall-report/article69592602.ece The services sector has a higher credit gap of around 27%, while the gap for women-owned MSMEs is even higher at 35% The