The Jammu and Kashmir High Court has explained the "evidentiary value of a CAG report." The court's decision, which is a significant victory for the government, was made on the…
12/09/20251 min read
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The Jammu and Kashmir High Court has explained the "evidentiary value of a CAG report." The court's decision, which is a significant victory for the government, was made on the…
Indifi's revenue grew by 22% in FY25, reaching a total of ₹107 crore in EBITDA. This significant growth is a testament to the company's strong performance and growing presence in…
The Delhi High Court has "granted an interim injunction" to "Abhishek Bachchan" to "protect his personality rights." This is a significant ruling that reinforces the principle of…
The Delhi High Court has "cautioned GST officials against accessing advocates' computers without consent." This is a significant ruling that reinforces the principle of procedural…
The Gujarat High Court has granted "temporary bail" to "Narayan Sai" in a "rape case." This is a significant ruling that reinforces the principle of procedural fairness in…
The Jammu and Kashmir High Court has ruled on the "evidentiary value of a CAG report," citing that a "delay in filing an affidavit" is "not a sufficient cause to condone the…
The Kerala High Court has granted "anticipatory bail" to an "IT firm owner accused of sexual harassment by a female employee." This is a significant ruling that reinforces the…
The Andhra Pradesh High Court has upheld a "bus driver's conviction under Section 304A of the IPC," ruling that "blowing a horn" is "unequivocal" proof of negligence. The court's…
The Telangana High Court has granted anticipatory bail to a rape accused, citing that the "victim is a habitual complainant" in such cases. This is a significant ruling that…
The Bombay High Court has ruled that "tax liability under a Joint Development Agreement JDA arises only upon the conveyance of the property, not on the execution of the…
The Punjab and Haryana High Court has questioned the "sudden surge of religious sentiments," in a "PIL against the use of the Shivling symbol as a trademark." This is a…
The Bombay High Court has ruled that the "right to travel abroad cannot be curtailed solely on the ground of a pending tax prosecution." This is a significant ruling that…
The Supreme Court has declared that the "right to housing is a fundamental right under Article 21" and has urged the Centre to "create a revival fund for stressed real estate…
The NCLT, Kochi, has ruled that "IBC proceedings are not barred by a pending writ petition or administrative classification of an account as NPA or fraudulent." This is a…
The ITAT has "deleted ad-hoc income tax additions on purchases and expenses," ruling that the "AO's estimation approach is invalid when books are accepted." The case involved an…
The Madras High Court has dismissed a challenge against a late fee, ruling that "GSTR-9 cannot be filed after 3 years from the due date to file returns." The court's decision…
The Income Tax Appellate Tribunal ITAT has ruled that an "income tax assessment is 'void ab initio'" if it is "based on a consolidated approval under Section 153D." The tribunal…
IPO-bound Turtlemint has "slipped into the red," posting a "₹47 crore loss in FY25." This is a significant setback for the company and highlights the challenging business…
The Income Tax Appellate Tribunal ITAT has ruled that an "assessment is void" if the "Section 153D approval is granted without the application of mind." The case involved an…
The Madhya Pradesh High Court has provided "relief for Pidilite," ruling that "Steel-Grip insulating tape" should be "classified as an insulator, taxable at 5%." This decision…
The Bombay High Court has ruled that "show-cause notices, appeals, and non-finalised orders under repealed GST rules cannot survive after its omission." The court's decision was…
The Bombay High Court has ruled that show-cause notices SCNs , appeals, and non-finalized orders under repealed GST rules cannot survive after their omission. The court's decision…
The Indian IT sector is facing anxiety as the United States considers the HIRE Act, which may levy an additional 25% tax on US companies that outsource employment. This proposed…
The Delhi High Court has ruled that a deduction for employees' contributions to Provident Fund PF or Employee State Insurance ESI is allowable only if deposited by the employer on…
The Delhi High Court has "deleted the appearance of Sunjay Kapur's sister" in a "suit filed by Karisma Kapoor's children." The court's decision, which is a significant victory for…
The Delhi High Court has upheld an exception under Section 40 a i of the Income Tax Act in favor of Mitsubishi Corporation. The case involved a disallowance of payments made by…
In a significant ruling, the Supreme Court has refused to condone a 431-day delay in filing a customs appeal, citing a lack of sufficient cause. The appeal was filed by the…
The Madras High Court has upheld a 12% sales tax levy on air curtains, dismissing a petition from Almonard Limited. The company argued that air curtains, functioning similarly to…
The Madras High Court has set aside a Central Administrative Tribunal CAT order that granted a notional promotion to a Customs officer. The officer was facing disciplinary…
The Madras High Court has condoned a 150-day delay in filing a Goods and Services Tax GST appeal, subject to an additional 5% deposit. The court found that the petitioner's…
The Madras High Court has upheld a single bench's order that quashed an assessment order related to the reversal of Input Tax Credit ITC under the TNVAT Act. The court's decision…
The Madras High Court has dismissed a writ petition seeking to quash a show-cause notice regarding GST liability on the construction of the Supreme Court of Mauritius. The court…
In a significant relief to GST payers, the Madras High Court has ruled that they are entitled to avail Input Tax Credit ITC for the financial years 2017-18 to 2019-20 on GSTR-2B…
The Income Tax Appellate Tribunal ITAT has provided clarity on the issue of concealment of income, ruling that the mere disclosure of additional income during survey proceedings…
The Income Tax Appellate Tribunal ITAT has ruled that the capital gains exemption under Section 54F of the Income Tax Act cannot be denied to an assessee solely because the funds…
The Income Tax Appellate Tribunal ITAT has made a significant ruling, deleting a multi-crore addition to an assessee's income. The Tribunal found that the addition was invalid…
The Income Tax Appellate Tribunal ITAT has ruled that a penalty cannot be levied on an addition to income that is based solely on estimation and is unsustainable. The case…
A major scam has been uncovered in Pune where a group of tax professionals have been booked for their alleged involvement in a ₹500 crore bogus Income Tax Return ITR deduction…
The recent GST rate cuts are poised to significantly transform India's pharmaceutical industry by making life-saving drugs more affordable. The GST Council's decision to slash…
According to a report by the credit rating agency ICRA, the non-banking financial companies' NBFC loan book in India is projected to expand by 15-17% in FY26. This positive…
Mintifi's FY25 profit has "surged 56% to ₹145 crore." This is a significant setback for the company and highlights the challenging business environment it faces. The move is a…
India has set an ambitious target of having "at least two public sector banks join the global banking elite by 2047." The move is a significant step towards a more user-friendly…
Banks have "parked ₹1.5 trillion" in the "RBI VRRR auction." The move is a significant step towards a more user-friendly and less intrusive business environment, is aimed at…
Coal India has appointed "Chaturvedi & Co. LLP as its statutory auditor for FY26." This is a significant move for the company, as it aims to strengthen its position in the…
SEBI has "relaxed the minimum public offer requirement for IPOs." This is a significant move for the company, as it aims to strengthen its position in the commercial vehicle…
DevX's IPO issue has been oversubscribed 26x on Day 3. This indicates strong investor confidence in the company's growth prospects. The move is a significant step towards a more…
Ixigo is set to "offer Delhi Metro tickets" in a "bid to boost its user base." This is a significant move for the company, as it aims to strengthen its position in the commercial…
Insurancedekho has "slipped into the red," posting a "₹47.5 crore loss in FY25." This is a significant setback for the company and highlights the challenging business environment…
Urban Company's IPO issue has been oversubscribed 1.5x on Day 3. This indicates strong investor confidence in the company's growth prospects. The move is a significant step…
The Centre has launched a "₹100 crore scheme to back green hydrogen startups." This is a significant move for the company, as it aims to strengthen its position in the commercial…
The Jammu and Kashmir High Court has explained the "evidentiary value of a CAG report." The court's decision, which is a significant victory for the government, was made on the…
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