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Tata Capital is "setting the stage for a $2 billion IPO" after "global roadshows," with its "valuation seen at $18 billion." The move is a significant development in the financial…
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…
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 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…
The CESTAT has ruled that the "ADG, DRI does not have the power to declare DEPB scripts issued by the DGFT null and void." The tribunal's decision, which is a significant victory…
Goldman Sachs has trimmed its stake in BlackBuck, with Nomura stepping in with a ₹247 crore buy. The move is a significant development in the financial sector. The company's…
Ola's Krutrim has reportedly laid off 50 employees from its "linguistics team." The move, which is a significant step towards a more user-friendly and less intrusive tax…
The Delhi High Court has granted Zepto "interim relief" in a suit against "phishing websites" and "trademark infringement." The court's decision, which is a significant victory…
The Delhi High Court has issued a notice in the "IT Department's appeal" on "Clifford Chance India's tax liability." The case, which is a significant development in the legal…
The Karnataka High Court has ordered an "ED summons against advocate Anil Gowda." The move is a significant step towards a more user-friendly and less intrusive tax environment.…
The CESTAT has ruled that "service tax is not leviable on deposits made under interim orders." The tribunal's decision, which is a significant victory for the company, was made on…
The CESTAT has ruled that a "refund claim on service tax for cancelled property bookings" is "maintainable." The tribunal's decision, which is a significant victory for the…
BigBasket's Hari Menon has stated that there are "no plans to hire a new CEO." The move, which is a significant step towards a more user-friendly and less intrusive tax…
The NCLAT has ruled that the "findings of the NCLAT while remanding a case can't operate as 'res judicata'" when "no conclusive opinion is expressed." The court's decision, which…
The NCLAT has ruled that the "revival of a company petition is permissible on default of settlement terms," despite the "absence of express liberty" in the "NCLT's withdrawal…
The NCLAT has ruled that the "refund of a security amount cannot be considered as an acknowledgment of debt under Section 19 of the Limitation Act." The court's decision, which is…
The Supreme Court has ruled that in arbitration, the "delivery of an award to a government official not connected with the case" does "not amount to valid service on the state."…
The West Bengal Real Estate Appellate Tribunal has ruled that "simultaneous legal proceedings in a consumer forum and RERA are not sustainable." The court's decision, which is a…
The ITAT has ruled that "trust activities" were "not found wholly religious," stating that "free feeding and education is charitable," and has ordered a "reconsideration of…
The CESTAT has ruled that an "exporter cannot be penalized for the department's delay in litigation," and has ordered "interest on a duty drawback." The tribunal's decision, which…
Exotel co-founder Ishwar Sridharan has resigned amid a series of "top-level exits." The move, which is a significant step towards a more user-friendly and less intrusive tax…
The ITAT has remanded a case, ruling that a "Chartered Accountant's error in Form 3CB" confirms the "addition of a GST claim of ₹3.792 lakh." The tribunal's decision, which is a…
The CESTAT has set aside a Commissioner's order that denied "CENVAT credit" only because of the "absence of a nexus with input services and output services." The tribunal's…
The ITAT has remanded a case, ruling that the Assessing Officer AO "failed to carry out adequate verification with the GST Department" regarding an "alleged bogus purchase…
Tata Capital is "setting the stage for a $2 billion IPO" after "global roadshows," with its "valuation seen at $18 billion." The move is a significant development in the financial…
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