Clipped from: https://www.businesstoday.in/personal-finance/tax/story/i-am-paying-monthly-rent-more-than-rs-50000-should-i-deduct-tds-monthly-or-once-yearly-474892-2025-05-06 Under Section 194-IB, individuals or HUFs (not liable for tax audit) are required to deduct 2% TDS only “once” – at the time
*****NCLT, NCLAT can’t review PMLA decision: Supreme Court in BPSL case | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/sc-bpsl-case-nclt-nclat-have-no-power-over-pmla-authority-125050500690_1.html The Supreme Court has ruled that NCLT and NCLAT lack judicial review power over statutory decisions under the PMLA in the Bhushan Power
Govt weighing next move after SC’s JSW-BPSL order: DFS Secretary M Nagaraju | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/govt-reviews-sc-order-on-bhushan-steel-idbi-sale-to-conclude-2025-125050500787_1.html The DFS is assessing the Supreme Court’s Bhushan Steel ruling with lenders and may chart next steps soon; IDBI Bank’s 61 per cent
JSW Steel set for a long-drawn battle as SC upholds ED attachment of Bhushan Power assets – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/companies/jsw-steel-set-for-a-long-drawn-battle-as-sc-upholds-ed-attachment-of-bhushan-power-assets/article69540941.ece Apex court ruled that the National Company Law Appellate Tribunal has no jurisdiction to adjudicate on the Prevention of Money Laundering Act and
Govt reviews SC judgment quashing JSW Steel’s ₹19,700 crore acquisition of Bhushan Power and Steel – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/govt-reviews-sc-judgment-quashing-jsw-steels-19700-crore-acquisition-of-bhushan-power-and-steel/article69540444.ece “We are studying the judgment and the possible course of action. We will finalise our next step after discussing with our senior government
With JSW Steel-Bhushan deal scrapped banks may have to take a hit to their balance sheets – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/companies/with-jsw-steel-bhushan-deal-scrapped-banks-may-have-to-take-a-hit-to-their-balance-sheets/article69541856.ece Banks would rather seek RBI permission to dip into their reserves to pay the acquirer than allow their profit & loss (P&L) to
JSW Steel may seek legal recourse against SC’s rejection of Bhushan Power & Steel acquisition – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/jsw-steel-may-seek-legal-recourse-against-scs-rejection-of-bhushan-power-steel-acquisition/article69541593.ece Bhushan accounts for over 12 per cent of JSW Steel’s annual production of 34 million tonnes per annum (mtpa) Apex court held that
*****SC flags RP’s failures in Bhushan Power and Steel’s insolvency plan
Clipped from: https://www.business-standard.com/industry/news/sc-flags-rp-lapses-in-bhushan-power-insolvency-plan-125050501067_1.html Supreme Court cites non-compliance by resolution professional in Bhushan Power case, declaring JSW Steel’s plan illegal and urging greater due diligence under IBC
SC criticises lack of crypto regulation, compares bitcoin trade to hawala – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/cryptocurrency/sc-criticises-lack-of-crypto-regulation-compares-bitcoin-trade-to-hawala/article69543473.ece The remarks came during a bail hearing for Shailesh Babulal Bhatt, arrested for alleged illegal Bitcoin trade. Senior advocate Mukul Rohatgi argued that
*****Reaching real equilibrium policy rates – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/reaching-real-equilibrium-policy-rates/article69541943.ece To counter the global trade turbulence, central banks must use the monetary space available to them MPC must give priority to the real
Growth in Private capex likely yo suffer– [2] survey methods deserve a relook at the methods adopted [3] reasons need to be probed as to why downward trend is expected – Courtesy BusinessLine
Contrary to expectations, the private sector is not responding though the government has done its job–quite admirably– there is limit to what extent government can
***GSTAT must be operationalised quickly – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/gstat-must-be-operationalised-quickly/article69541267.ece Delay in constituting GST Appellate Tribunal has created legal uncertainty, administrative burdens, and economic distortions The absence of an operational GSTAT has created
Capex blues – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/capex-blues/article69540681.ece NSO’s first private capex survey paints grim picture Private capex has been tepid in the last four years | Photo Credit: Lim Weixiang
ITAT Bar body flags high pendency of income tax cases at Delhi benches | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/itat-bar-body-flags-high-pendency-of-income-tax-cases-at-delhi-benches-125050501124_1.html The Bar association claimed that Delhi has the “highest pendency” of cases among ITAT Benches, many involving complex legal issues and high revenue
*******ITR-3 form simplified for AY 2025-26: Taxpayers with business income, capital gains split must note new rules – ITR 3 form simplified for AY 2025 26: Taxpayers with business income, capital gains split must note new rules BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-3-form-simplified-for-ay-2025-26-taxpayers-with-business-income-capital-gains-split-must-note-new-rules-474550-2025-05-02 A key update in the ITR-3 form is a new schedule for reporting capital gains, allowing taxpayers to separately disclose gains accrued before
I-T dept seeks to settle Rs 10 lakh crore disputes in FY26 at first-appeal forum – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-i-t-dept-seeks-to-settle-rs-10-lakh-crore-disputes-in-fy26-at-first-appeal-forum-3833602/?ref=hometop_hp The I-T department aims to resolve over 2 lakh appeals involving Rs 10 lakh crore in FY26 to boost tax receipts and ease
*****Assessee Proves Loan Repayment & Discharges Section 68 Onus – ITAT deletes addition
Clipped from: https://taxguru.in/income-tax/assessee-proves-loan-repayment-discharges-section-68-onus-itat-deletes-addition.html Wow Entertainment and Media Private Limited Vs ACIT (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT) Mumbai heard an appeal by Wow Entertainment
