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The CESTAT has upheld the revocation of a customs broker's license for failing to verify the importer's credentials and for the "mis-declaration of goods." The tribunal's decision…
The Delhi High Court has quashed an income tax notice issued against the Commonwealth Human Rights Initiative CHRI , an NGO, during its pending challenge to the cancellation of…
HUDCO has withdrawn its NCD issue in August 2025. The company's decision is a crucial reminder to all investors that they must be diligent in their dealings. The company's shares…
Groww has secured SEBI's nod for its IPO. 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…
Arctus Aerospace is set to raise $3 million to "build UAVs for earth observation." The funding will be used to scale up its operations and expand its product line, positioning the…
Prosus is in talks to invest $200 million in Rapido at a valuation of $2.5 billion. The move is a significant development in the quick-commerce sector. The company's decision is a…
The ITAT has ruled that an "income tax assessment against a company dissolved and struck off" under Section 560 5 of the Companies Act is "invalid." The tribunal's decision is a…
TransBnk, an API banking startup, has secured a $25 million Series B round and plans for global expansion. The funding will be used to scale up its operations and expand its…
Groww has secured SEBI's nod for its IPO. 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…
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 Karnataka Garment and Hosiery Industry has urged for a "uniform 5% GST on apparel" and the "inclusion of petroleum under GST." The move, which is a significant step towards a…
The Indian Express has reported on the "cartelization" between hospitals and insurers, leading to the "suspension of cashless treatment." The report is a significant development…
HUDCO has withdrawn its NCD issue in August 2025. The company's decision is a crucial reminder to all investors that they must be diligent in their dealings. The company's shares…
The US tariffs have led to a "supply chain rejig" in India, according to experts. The move is a significant development in the global economy. The government's decision is a…
The Allahabad High Court has ruled that an "executing court can grant statutory interest under Section 36 of the Arbitration Act." The court's decision, which is a significant…
The CESTAT has upheld the revocation of a customs broker's license for failing to verify the importer's credentials and for the "mis-declaration of goods." The tribunal's decision…
The CBDT has clarified that the new Income Tax Act, 2025, explicitly empowers digital search and seizure. The CBDT member R.N. Parbat stated that while the legal powers for search…
The Delhi High Court has ruled that "written approval with recorded reasons by a competent authority is mandatory for an arrest under the CGST Act." The court's decision, which is…
The ITAT has ruled that "seven adjacent residential units on the same floor constitute one residential house" for the purpose of claiming a tax exemption under Section 54 of the…
The CESTAT has ruled that the assessable value for customs duty must be "CIF with air freight limited to 20% of FOB, not ex-works." The tribunal's decision is a significant step…
The Centre has extended the cotton import duty exemption by three months. The move, which is a significant step towards a more transparent and less intrusive tax environment, is…
The ITAT has quashed a penalty imposed on a taxpayer, ruling that Section 56 is intended to curb black money and "does not extend to genuine final consideration." The tribunal's…
The CBDT has clarified that the new Income Tax Act, 2025, explicitly empowers digital search and seizure. The CBDT member R.N. Parbat stated that while the legal powers for search…
The food secretary has announced that GST refund relief for edible oil manufacturers is likely to be on the agenda for the upcoming GST Council meeting. The industry has been…
The CBDT is set to finalize the rules for the new Income Tax Act, 2025, by the end of this year. The new law, which received presidential assent on August 21, is aimed at…
The Chhattisgarh High Court has dismissed the revenue's appeal, ruling that an income tax addition based on "estimated yield" without concrete evidence is unsustainable. The case…
The Delhi High Court has quashed an income tax notice issued against the Commonwealth Human Rights Initiative CHRI , an NGO, during its pending challenge to the cancellation of…
The Karnataka High Court has provided relief to taxpayers with delayed GST Input Tax Credit ITC claims, ruling that a reply to a show-cause notice is not necessary when the…
The Delhi High Court has ruled that the "dismissal of a Section 8 petition" of the "Arbitration and Conciliation Act" "amounts to res judicata." The court's decision, which is a…
The ITAT has applied the "test of human probabilities" to reject a long-term capital gains claim of ₹84.8 lakh from "penny stocks," deeming it "unnatural and pre-arranged." The…
The NCLT has declared former DHFL chairman Kapil Wadhawan bankrupt over a ₹4,546 crore debt owed to Union Bank of India UBI . This landmark ruling is a major victory for the bank…
The CESTAT has strictly interpreted exemption notifications, ruling that the maintenance of streetlights under contracts issued after March 1, 2015, is not exempt from service…
The Allahabad High Court has ruled that "State GST officers are authorised to function as proper officers under IGST and CGST." The court's decision, which is a significant…
The ITAT has provided relief to Gujarat Technological University by "condoning a delay in filing Form 10B," citing "Income Tax portal difficulties." The tribunal's decision, which…
The ITAT has provided relief to Gujarat Technological University by "condoning a delay in filing Form 10B," citing "Income Tax portal difficulties." The tribunal's decision, which…
The CESTAT has ruled that "charges deducted by foreign banks on export remittances" are "not liable to service tax." The tribunal's decision, which is a significant victory for…
An Odisha Income Tax officer has been arrested for allegedly taking a "₹25,000 bribe from a bakery owner." The arrest is a significant step towards curbing corruption in the…
The Finance Ministry has issued a vacancy circular for deputation posts in the GSTAT. The move is a significant step towards filling the vacant posts in the GSTAT. The…
The Delhi High Court has ruled that "written approval with recorded reasons by a competent authority is mandatory for an arrest under the CGST Act." The court's decision, which is…
The Supreme Court has issued a notice to the BCI and BCUP in a case related to the "Bar Council enrollment fee waiver." The case is a significant development in the legal sector.…
The CESTAT has set aside the revocation of a customs broker's license, finding "no CBLR violation proven" under Regulations 10B, 10D, and 10N. The tribunal's decision, which is a…
The DGFT has fixed a new SION for Minoxidil, Benfotiamine, and Vitamin B1 HCl, providing a boost to the pharma and wellness sectors. The move, which is a significant step towards…
The Income Tax Department has appealed an ITAT ruling on Clifford Chance India's tax liability in the Delhi High Court. The appeal is a significant development in the legal…
The Karnataka Garment and Hosiery Industry has urged for a "uniform 5% GST on apparel" and the "inclusion of petroleum under GST." The move, which is a significant step towards a…
The ITAT has ruled that "seven adjacent residential units on the same floor constitute one residential house" for the purpose of claiming a tax exemption under Section 54 of the…
The Punjab and Haryana High Court has dismissed an ex-IRS officer's plea for a higher pay of Additional Commissioner rank while serving as a DR at ITAT. The court's decision,…
The CESTAT has ruled that arranging cane harvesting workers for farmers "without control" is a "mere facilitation" and is not taxable as a "manpower supply service." The…
The multiplex industry has called for a rationalization of the GST rates on movie tickets to support business and encourage screen expansion. The industry argues that a uniform…
Shiprocket is set to raise ₹220 crore in a "pre-IPO placement." The company's shares are a crucial reminder to all investors that they must be diligent in their dealings. The…
The Supreme Court has ruled that "inadvertent mistakes in shipping bills cannot deny an MEIS claim." The court's decision, which is a significant victory for the company, was made…
The CESTAT has upheld the revocation of a customs broker's license for failing to verify the importer's credentials and for the "mis-declaration of goods." The tribunal's decision…
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