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Despite "hardening corporate bond yields," India Inc. is not "warming up to bank loans." The move is a significant step towards a more user-friendly and less intrusive tax…
Railtel has received a ₹14.94 crore order from the MHA for IP CCTV surveillance. The move is a significant step towards a more user-friendly and less intrusive tax environment, is…
Seekho has bagged $2.8 million in a funding round led by Bessemer Venture Partners and others. The company's shares are a crucial reminder to all investors that they must be…
The AAR has ruled that "deferred payment interest" under an "annuity model" is "taxable as part of the supply value." This ruling is a significant step towards a more transparent…
The AAR has clarified that a "tie-in pipeline outside factory premises" is "ineligible for ITC under a specific section" as it is "not covered as plant and machinery." This ruling…
The GST Council has reduced the GST rate on "marble and travertine blocks" and "granite blocks." This move is a significant step towards a more user-friendly and less intrusive…
The AAR has confirmed that the "GST rate on the interest component" "follows the classification of the road works contract," and it will be taxed at the "same rate as the…
The AAR has clarified that a GST exemption under a specific notification is not available for "pure labor services" in "property survey and tax assessment." This ruling is a…
IPO-bound boAt has returned to profitability in FY25, despite a slight dip in revenue. The company, a prominent player in the electronics sector, saw its revenue dip but managed…
Devx IPO is set to "open on September 10." The company's shares are a crucial reminder to all investors that they must be diligent in their dealings. The company's shares are a…
Urban Company's IPO is set to hand Accel and Elevation "bumper returns on Dalal Street." The company's shares are a crucial reminder to all investors that they must be diligent in…
GSTN has added DBS Bank India as an authorized partner for GST payments. This collaboration is a significant step towards a more user-friendly and less intrusive tax environment,…
The CBDT has issued a corrigenda to the Income Tax Act, 2025. The move is a significant step towards a more user-friendly and less intrusive tax environment, is aimed at promoting…
The CBDT has extended the infrastructure tax exemption deadline to March 2030. The extension is a significant relief for eligible businesses and is aimed at promoting investment…
Central government employees have been given a chance to switch from the old pension scheme OPS to the new pension scheme NPS until September 30, 2025. This is a one-time option…
GSTN has enabled GST payments via UPI and debit/credit cards across 24 states. This move is a significant step towards a more user-friendly and less intrusive tax environment, is…
Seekho has raised $2.8 million in a Series B round led by Bessemer. The company's shares are a crucial reminder to all investors that they must be diligent in their dealings. The…
The NCLAT has ruled that the "NCLT is empowered to grant ex post facto approval to criminal complaints" filed against "former management with adequate reasons." The court's…
The NCLAT has ruled that "margin money deposited by a borrower" as a "precondition for the sanction of guarantees" "ceases to be a corporate debtor's asset upon the invocation of…
The Orissa High Court has dismissed a petition on the "availability of an alternative remedy," where a "demand notice in Form DRC-07" was issued without "uploading/serving a…
PB HealthCare's $2.18 million seed round, its "shareholding pattern," and "valuation" have been decoded. The company's shares are a crucial reminder to all investors that they…
The NCLAT has ruled that "margin money deposited by a borrower" as a "precondition for the sanction of guarantees" "ceases to be a corporate debtor's asset upon the invocation of…
The NCLAT has ruled that "claims based on a guarantee can be considered by the RP," even if the "guarantee was not invoked before the insolvency commencement date." The court's…
The NCLAT has ruled that a "successful bidder cannot claim exemptions from statutory compliances" merely on the grounds of being a "successful bidder of a corporate debtor." The…
The Karnataka High Court is hearing a plea against "Congress MLA Veerendra's ED arrest." The move is a significant step towards a more transparent and less intrusive tax…
The Jharkhand High Court has ruled that the "purpose and object of the AC Act" is "defeated if there are delays in the execution of an arbitral award." The court's decision, which…
The Supreme Court has ruled that an "arbitration clause restricting interest on delayed payments" by itself "won't bar pendente lite interest." The court's decision, which is a…
The Karnataka High Court is hearing a plea against "Congress MLA Veerendra's ED arrest." The move is a significant step towards a more transparent and less intrusive tax…
The Punjab and Haryana High Court has ruled that the "ED can inspect court files" and "documents attached in a complaint filed by the Income Tax Department." The court's decision,…
The Rajasthan High Court has given a ruling on an employee's right to an appointment and a criminal case acquittal. The court's decision, which is a significant victory for the…
The Delhi High Court has ruled that a "significant increase in a husband's income" and the "cost of living" are "valid factors to enhance a wife's maintenance." The court's…
The Delhi High Court has ruled that since the government is promoting a "start-up culture," "Customs should be sensitive in proceedings against them." The court's decision, which…
The CESTAT has ruled that a "refund of CVD/SAD paid after GST introduction" is "maintainable under Section 142 3 of the GST Act." The tribunal's decision, which is a significant…
The ITAT has ruled that "Sections 194C 6 and 194C 7 operate independently," and has directed the "reconsideration of the disallowance of transportation charges under Section 40A…
The Central Government has exempted "four government entities from income tax purview under Section 10 46 ." The move is a significant step towards a more user-friendly and less…
Chennai Airport Customs has "destroyed ₹12.5 crore worth of smuggled contraband," including "foreign-origin cigarettes and vapes." The move is a significant step towards a more…
The CBI has arrested a GST/Customs officer and an accounts officer for "accepting a ₹25,000 bribe" in Hyderabad. The case highlights the growing menace of corruption in the…
The CBDT has issued a "corrigendum to the Income Tax Act, 2025." The move is a significant step towards a more user-friendly and less intrusive tax environment, is aimed at…
The CESTAT has ruled that there can be "no confiscation without authority," stating that the DRI and Customs cannot "invalidate BRCs or DEPB scripts" without the "DGFT or RBI's…
The Supreme Court has clarified that the Bombay High Court erred in treating the CESTAT's finding on "black firing guns" as "misdeclaration" instead of "misclassification." The…
The revenue department has challenged a Gujarat High Court order before the Supreme Court regarding the reopening of an income tax assessment based on external trading data. The…
The Supreme Court has ruled that "electronic records from seized devices are admissible" without a certificate if the "taxpayer admits the contents." The court's decision, which…
Kannada actress Ranya Rao is facing a multi-crore penalty in a gold smuggling case. The case highlights the growing menace of gold smuggling and the government's commitment to…
Urban Company's IPO is set to hand Accel and Elevation "bumper returns on Dalal Street." The company's shares are a crucial reminder to all investors that they must be diligent in…
India's GST collections have continued to grow in August 2025, with Maharashtra topping the collection charts. The robust growth in GST revenue is attributed to a combination of…
The Rajasthan Tax Consultants Association has urged the Finance Minister and the CBDT to extend the tax audit report date to November 15. The association argues that the current…
Casino entry and luxury services may move to a 40% slab at the GST Council meeting in September 2025. The move is a significant step towards a more user-friendly and less…
The 56th GST Council meeting may grant a full GST exemption on life and health insurance. The move is a significant step towards a more user-friendly and less intrusive tax…
A GST reform on cigarettes is likely to be discussed at the GST Council meeting on September 3-4, with FAIDA pushing for an MRP-based levy. The proposed reform aims to simplify…
TV and digital news broadcasters have urged the GST Council to provide them with relief ahead of the September 3-4 meeting. They are seeking a reduction in the GST rate on…
Despite "hardening corporate bond yields," India Inc. is not "warming up to bank loans." The move is a significant step towards a more user-friendly and less intrusive tax…
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