Mutual Funds
Mutual Funds

HDFC Mid Cap Fund Current Name Mandate Portfolio TER Exit Load Risk and Tax
Review HDFC Mid Cap Fund’s current name, mid-cap mandate, benchmark, portfolio, expense disclosures, exit load, risks and tax rules.
Income Tax
Finance
Corporate Law
Finance

Form 112A for NPO Mergers: Rule 189A Conditions, One-Month Deadline and Audit File

Punjab National Bank Foreign Outward Remittance PNB One LRS KYC Charges TCS and Grievances

Recovery Suit Cannot Be Rejected When Balance Sheets Acknowledge Debt: SC

YES Bank Resident Callable Fixed Deposit: Rates from 2 June 2026, Premature Closure, Tax and DICGC
Income Tax
Goods and Services Tax

Issue Already Decided Under Section 73 Bars Advance Ruling: Karnataka AAR

GST Exempt on Margin Trading Facility Interest: Karnataka AAR

Rooftop Solar Plant Qualifies as Plant and Machinery; GST ITC Allowed: Karnataka AAR

Karnataka AAR Allows GST ITC on JDA Development Services, Rejects Invoicing Query
Corporate Law

Recognised, but Not for All: Promoter Phantom Stock After Corporate Laws (Amendment) Bill, 2026

Entire Bank Account Cannot Be Frozen for Six Disputed Credits: Kerala HC

Mere Non-Disclosure of Loan Does Not Establish Fraud Without Intent to Deceive: Bombay HC

Section 271(1)(c) Penalty Invalid Where Notice and Assessment Record Different Charges: Karnataka HC
Custom Duty

Malaysia Hydraulic Rock Breaker Imports Under Provisional Assessment: Customs Notification 27/2026

MEIS Duty Demand Set Aside as Export Assessments Attained Finality: CESTAT Mumbai

Brown Rice Protein Powder Classifiable Under CTH 3504: CESTAT Mumbai

Decorative PVC, PS and PU Wall Panels Classified as Builders’ Ware Under Customs Tariff 3925: CAAR Delhi
Company Law

Dismissal of Contempt Petition Not Appealable Under Section 19: NCLAT Delhi

NCLAT Delhi Directs Section 12A Route for Post-Admission IBC Settlement

NBFC Merger Approved Despite Loan Portfolio and Valuation Concerns: NCLT Mumbai

Merger Scheme Requires Creditors’ Approval Despite Unanimous Shareholder Consent: NCLT Mumbai
CA, CS, CMA

CA Foundation Pass Rates 2018 to September 2026: What Changed Under the New Scheme

Ind AS 1 Loan Covenant Breaches for FY 2026-27: Classification, Waiver Evidence and Disclosures

The Critical Thinking: Brains Behind the Balance Sheet

CA Foundation September 2026 Results: 18.93% Pass Rate, Toppers and Gender-Wise Analysis

DGFT Import Restrictions: Bombay HC Allows Provisional Release of Consignments Against Bonds and Bank Guarantee

SC Permits DGFT Application Against Jewellery Import Restrictions: Bombay HC Grants Interim Release

DGFT Amends HBP 2023 Para 8.04(iii) for Online Tracking of Export Trade Disputes

DGFT Extends GAER Validity to 3 Years and SCOMET Export Benefits to 4-Star/5-Star Exporters
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Contributing Author
CA Manish Gugliya (FCA, DISA, M.Com.) is a practicing Chartered Accountant with over 20 years of…










