News & Judgements

The Muzaffarnagar police have busted a "₹1,300 crore GST evasion racket" that was using "fake e-way bills." The bust is a significant step towards curbing tax evasion in the…

The GST Council may hike the tax on "premium EVs to 28%." The move, which is a significant step towards a more user-friendly and less intrusive tax environment, is aimed at…

The Finance Ministry has proposed amendments to the Indian Insurance Companies Foreign Investment Rules, 2015. The move is aimed at simplifying the foreign direct investment FDI…

Flipkart is facing a preliminary GST probe over alleged fraudulent billing practices. The investigation, initiated by tax authorities, is focused on a network of sellers allegedly…

Leap India has filed for a ₹2,400 crore IPO with a KKR-led ₹2,000 crore OFS. The company's shares are a crucial reminder to all investors that they must be diligent in their…

The Karnataka High Court has issued a "notice to the Centre" on A23's plea against the "gaming law." The company's decision is a crucial reminder to all businesses that they must…

The CESTAT has ruled that "maintenance charges collected from tenants are not liable to service tax" under a "management, maintenance, or repair service." The tribunal's decision,…

The ITAT has dismissed the revenue's appeal after the "revenue ignored the registry's defect memo and reminders." The tribunal's decision, which is a significant victory for the…

The ITAT has deleted additions under Section 153A, ruling that "stock exchange and demat records prove share transactions." The tribunal's decision, which is a significant victory…

The ICAI has suggested "fixes for practical issues in GST," from "registration to refunds." The move, which is a significant step towards a more user-friendly and less intrusive…

The All India Digital Cable Federation AIDCF has sought a GST rate cut on cable TV services from 18% to 5%. The AIDCF argues that a rate cut would not only make cable TV services…

The ITAT has ruled that a "reassessment against a struck-off company is void ab initio," relying on "Zauba Corp and MCA records." The tribunal's decision, which is a significant…

The CESTAT has remanded a matter, ruling that the "absence of a contractual obligation" shows that a "branch transfer" is "not an inter-state sale." The tribunal's decision, which…

The ITAT has ruled that "expenses on interiors and utility connections" for a residential property "qualify as cost of acquisition under Section 54." The tribunal's decision,…

The GST Council is likely to end the "compensation cess" by October 31, ahead of the deadline. The move, which is a significant step towards a more user-friendly and less…

The ITAT has ruled that "Section 115BBE of the Income Tax Act applies on transactions on or after April 1, 2017, only." The tribunal's decision, which is a significant victory for…

The government may revive the "anti-profiteering mechanism" ahead of the GST rate cuts. The move is aimed at ensuring that businesses pass on the benefits of GST rate cuts to…

The ITAT has directed a re-adjudication against "Schneider Electric India Pvt. Ltd.," citing a "failure to consider the benefit of working capital adjustment while computing ALP."…

The CESTAT has set aside a demand and penalties on an "EPCG license," ruling that the "Customs Dept. cannot question the DGFT's export obligation discharge." The tribunal's…

The CESTAT has quashed a demand on "refurbishing of cranes," ruling that it "falls under MMR services, not motor vehicles." The tribunal's decision, which is a significant victory…

The ITAT has restored a matter to the Assessing Officer AO , ruling that "income tax notices sent to an old e-mail address" that led to an "ex-parte addition" are invalid. The…

The Gujarat High Court has dismissed a petition to quash an FIR against a taxpayer, who was accused of "using personal bank accounts of employees for income tax benefits." The…

The ITAT has allowed a "deduction under Section 80P" to the "TN Special Police" for "interest/dividend income" received from a "co-operative bank," deeming it to have been…

The GSTN has introduced a new functionality to simplify refund claims under the "Assorted" category. The new functionality allows taxpayers to file a single refund application for…

A Group of Ministers GoM is seeking safeguards to ensure that the benefits of GST relief on insurance reach policyholders. The GoM is concerned that insurers may not pass on the…

The Gujarat Chamber of Commerce & Industry GCCI has urged the Finance Minister to simplify the GST structure and provide "industry-specific guidance notes." The GCCI argues that…

The ICAI president has stated that "Ind AS changes are beneficial for CFOs" and "build confidence in corporate reporting." The move is a significant step towards a more…

The Chhattisgarh High Court has upheld the jurisdiction of a "stamp collector for the market value of immovable property transferred under the Income Tax Act." The court's…

The CESTAT has quashed a penalty on a "customs broker" after the "exporter's address was found to be fake." The tribunal's decision, which is a significant victory for the customs…

Vaish Associates has moved the Delhi High Court against a "₹58 lakh GST demand." The move is a significant development in the legal sector. The court's decision is a crucial…

A Delhi High Court case has been filed against "Burger King" for "trademark fraud" and "fraudulently collecting money." The case is a significant development in the legal sector.…

The CESTAT has quashed a demand for "service tax on ocean freight" against "Polycab Wires." The tribunal's decision, which is a significant victory for the company, was made on…

The Patna High Court has quashed a government order in a "licensed arms dealer quota enhancement case." The court's decision, which is a significant victory for the government,…

The Himachal Pradesh High Court has denied bail to a "major accused" in a "POCSO Act" case, despite a "minor girl's claim of being 18" and an "Aadhar card" to support it. The…

The Andhra Pradesh High Court has ruled that "GST assessment orders" without a "Document Identification Number" are "invalid." The court's decision, which is a significant victory…

The Calcutta High Court has ruled that the "delivery of a certified copy of an award" that is "signed by members and authenticated by a senior officer" "constitutes a valid…

The ITAT has clarified that the term "own" in Section 54F of the Income Tax Act means "absolute ownership" and that "jointly owned properties" are "not a bar to the exemption."…

The Supreme Court has pulled up the Income Tax Department for "launching a prosecution for tax evasion without ITAT confirmation" and has "imposed a ₹2 lakh cost." The court's…

The ITAT has ruled that "wedding gifts can't be automatically treated as unexplained income without evidence." The tribunal's decision, which is a significant victory for the…

SEBI has issued "technical clarifications" on the "cybersecurity and cyber resilience framework for regulated entities." The move, which is a significant step towards a more…

The ITAT has deleted an addition, ruling that "Section 56 2 vii b ii does not apply to a land purchase made prior to April 1, 2014." The tribunal's decision, which is a…

The ITAT has allowed an 80-IC deduction to a manufacturer, ruling that the audit report filing is "directory" and not mandatory. The tribunal's decision, which is a significant…

The Group of Ministers GoM has recommended continuing the GST exemption on "handloom products and raw silk." The move is aimed at protecting the interests of the handloom industry…

The CESTAT has ordered a refund of "customs duty on imports" that was "mistakenly paid twice on the same bills of entry." The tribunal's decision, which is a significant victory…

The Karnataka High Court has upheld the exclusion of Infosys and TCS from a comparability analysis, citing the impact of "turnover and size." The court's decision, which is a…

The Delhi High Court has ruled that the "GST Dept. can't probe the misuse of a GSTIN by a third party" as the "power lies with the Economic Offences Wing." The court's decision,…

The Punjab and Haryana High Court has censured a "public prosecutor" for appearing as a "state counsel" in a "sexual harassment case" against her "husband." The case is a…

Aye Finance's profit has halved in Q1 FY26, despite its revenue being up by 21%. The decline in profitability is a notable development for the micro-lending firm. This financial…

A23's parent company, Head Digital Works, has filed the "first legal challenge" to India's "new online gaming law." The company's decision is a crucial reminder to all businesses…

Panacea Biotec is set to acquire Power Gummies. The move is a significant development in the pharmaceutical and wellness sectors. The company's decision is a crucial reminder to…