News & Judgements

Star Localmart has acquired Bengaluru-based Dusminute to expand its footprint. The move is a significant development in the retail sector. The company's decision is a crucial…

The government has launched "high-performance biomanufacturing platforms" to accelerate the "bioeconomy." The move is a significant step towards a more sustainable and less…

According to the Housing Secretary, urban infrastructure can attract ₹10 lakh crore in investment in the coming years. The statement highlights the immense potential of India's…

The Uttar Pradesh RERA has registered 208 real estate projects so far this year. This proactive approach by the regulatory authority is a significant step towards ensuring…

According to RBI data, India's current account deficit CAD was $2.4 billion in Q1. This figure indicates that the country's foreign exchange earnings from exports of goods and…

Despite "Trump's tariff valuation woes," inflows into the Indian stock market by DIIs have topped ₹5 lakh crore for the second consecutive year. This resilient performance by…

Elev8 Venture Partners has successfully closed its maiden fund at ₹1,400 crore. This achievement marks a significant milestone for the venture capital firm and signals strong…

OpenAI is considering setting up a 1 GW data center in India. This potential move would be a game-changer for India's technology landscape, providing the necessary infrastructure…

The AAR has ruled that the "Bangalore Metro Rail Corporation" is "not qualified to be a government authority under GST." The ruling is a significant step towards a more…

The CESTAT has quashed a 20-year-old customs duty demand, ruling in favor of an importer in a landmark textile classification case. The tribunal found that the tax authority had…

The Chhattisgarh High Court has granted bail to an accused person who was arrested for the seizure of 27,000 ml of illegal liquor. The court's decision was based on a careful…

The Delhi High Court has directed the GST department to allow a minimum of 30 days for a hearing on a demand for GST and penalty. The court's ruling came in a case where the…

The Jharkhand High Court has ruled that a CGST order imposing a ₹9 crore penalty is invalid due to a violation of the principles of natural justice. The court observed that the…

The Allahabad High Court has quashed a "search and seizure order," ruling that the "officer was unaware of the GST Act provisions" and has directed "3 months of training." The…

The Patna High Court has granted anticipatory bail to a person accused of an offense under the Bihar Prohibition and Excise Act, where 80 liters of illicit country-made liquor…

Eicher Motors' Executive Chairman, Siddhartha Lal, has called for a uniform 18% GST rate for all motorcycle engine capacity segments. Lal argued that the current multi-tiered tax…

The Chhattisgarh High Court has granted regular bail to an accused person for the possession of a large quantity of illegal Mahua liquor. The court's decision was based on a…

Pre-budget meetings for the Union Budget for FY 2026-27 are scheduled to begin on October 9. The meetings, which will be chaired by the Secretary Expenditure , will involve…

The Central Board of Indirect Taxes and Customs CBIC has issued a directive mandating the validation of Bureau of Indian Standards BIS registration for certain imported goods…

India's Gross Domestic Product GDP has grown by 7.8% in the first quarter of FY26, marking the fastest pace of growth since Q4 FY24. The strong growth is attributed to a robust…

The central government's fiscal deficit has reached 29.9% of the annual target for the April-July period of FY26. According to the data released, the government's total receipts…

The Directorate General of GST Intelligence DGGI has detected a GST evasion of ₹140 crore by an online gaming firm. The company was found to have been under-reporting its revenue…

The Supreme Court has imposed a ₹2 lakh fine on the Income Tax Department for its failure to adhere to CBDT circulars. The court quashed the department's prosecution, stating that…

The Directorate General of GST Intelligence DGGI in Karnataka has busted a fake invoice racket worth ₹145 crore. The operation involved a network of bogus firms that issued…

The CESTAT has confirmed a penalty on a company for under-valuation and the use of false invoices in the import of glass. The tribunal found that the company had maintained two…

The CESTAT has ruled that "coal loading and transport" should be classified as "goods transportation" and not "cargo handling." The tribunal's decision came after a detailed…

The AAR has ruled that "groundnuts heated for storage/transport" cannot be classified under "groundnuts not roasted or cooked." The ruling is a significant step towards a more…

The CESTAT has quashed an "extended service tax/CENVAT demand," stating that "no willful suppression was found" and the "SCN was time-barred." The tribunal's decision, which is a…

The CESTAT has upheld an assessee's right to "CENVAT credit on commission paid for flat sales," ruling that the "explanation to Rule 2 l " is "declaratory." The tribunal's…

MobiKwik shares have rallied by 15.6% to ₹254.15. The company's shares are a crucial reminder to all investors that they must be diligent in their dealings. The company's shares…

PokerBaazi is set to "sack 50% of its workforce" after MPL. The move is a significant step towards a more user-friendly and less intrusive tax environment. The move is expected to…

The AAR has ruled that a "28% GST is leviable on interactive flat panels" by "Acer." The ruling is a significant step towards a more transparent and less intrusive tax…

The Supreme Court has slapped a ₹2 lakh fine on the Income Tax Department for launching an "evasion prosecution" that was "flouting CBDT circulars." The court's decision, which is…

Authorized representatives can now file "adjournment applications" in "GST SCN hearings" on behalf of taxpayers. The move, which is a significant step towards a more user-friendly…

Krafton, the owner of PUBG, is set to "invest $50 million annually in India." The move is a significant step towards a more user-friendly and less intrusive tax environment. The…

The CESTAT has provided relief to SAIL, ruling that a "forfeited amount on a breach of contract" is "not liable to service tax." The tribunal's decision, which is a significant…

The ICAI has collaborated with regulators to "develop an early warning mechanism for fraud detection." The move, which is a significant step towards a more transparent and less…

The Calcutta High Court has upheld an ED probe into an immovable property that was mortgaged against a share transaction of over ₹1 crore, ruling that it amounts to a crime of…

The AAR has dismissed an advance ruling request on "DM water, distill water, and conductive water," finding the "grounds incomplete and vague." The ruling is a significant step…

The CESTAT has ruled that "curtain wall glazing" becomes part of an immovable property once it is affixed on-site and cannot be treated as excisable goods. The tribunal's decision…

The ITAT has provided relief to a taxpayer, ruling that a bank passbook is valid evidence to substantiate a loan transaction. The tribunal deleted an addition under Section 68 of…

The CESTAT has quashed the confiscation of goods and double duty demands on a company, ordering a fresh quantification of differential duty. The tribunal found that the tax…

The ITAT has directed an Assessing Officer AO to "verify cash deposits claimed from a building material business" as the "assessee could not substantiate turnover beyond returns."…

The Supreme Court is set to decide if "chartered flights are passenger transport or aircraft hire," which will impact "GST ITC." The case is a significant development in the legal…

The Finance Ministry has notified "draft amendments" to the "Indian Insurance Companies Foreign Investment Rules, 2015." The move is a significant step towards a more…

The Madras High Court has granted a "final opportunity" to a CHA, who was issued a "2% TDS demand," as "no proof was filed for an exemption." The court's decision, which is a…

The Finance Ministry has updated the "customs tariff values" for "palm oil, soybean oil, gold, silver, and areca nut." The move, which is a significant step towards a more…

The CESTAT has dismissed a transport finance company's plea, confirming the taxability of "financial collection services." The tribunal's decision, which is a significant victory…

The CESTAT has ordered a refund with interest, ruling that a "refund cannot be adjusted against a disputed penalty" when a "25% reduced penalty" was "paid within the time." The…

The CESTAT has ruled in favor of Syntel in a key tax refund case, upholding its status as an SEZ unit on "input service classification." The tribunal's decision, which is a…