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TVS Supply Chain Solutions has received a ₹49 crore GST demand notice for the alleged excess availment of Input Tax Credit ITC . The company, which provides logistics and supply…
The ITAT has directed a fresh adjudication in a case where the Assessing Officer AO relied on "erroneous software data" for making an addition to a company's income. The tribunal…
The Enforcement Directorate ED has arrested the former director of Sahiti Infratec in a ₹360 crore scam in Telangana. The arrest is part of a wider investigation into alleged…
SEBI has received a reclassification report for InvITs and IPOs amid a rush of such offerings. The report aims to refine the regulatory framework for Infrastructure Investment…
Hercules Advisors' Aditya Shah has urged IRDAI to intervene and resolve the impasse between the hospital body and insurers over cashless treatment. The ongoing dispute is causing…
The Association of Healthcare Providers India AHPI has stated that there will be no cashless treatment for Bajaj Allianz and Care Health insurance policyholders. This decision is…
SBI has urged the RBI to permit banks to finance acquisitions. This request is a significant development in the banking and corporate finance sectors. If approved, it would allow…
The Maharashtra RERA and Property Registration portals will be linked to curb fraudulent deals. This integration is a major step towards enhancing transparency and security in the…
Apple has partnered with Jio to bring RCS messaging to iPhones in India. This collaboration aims to enhance the messaging experience for iPhone users on the Jio network, offering…
The Kerala High Court has granted "anticipatory bail to rapper Vedan in a rape case." The court's decision, which is a significant victory for the person, was made on the grounds…
The CESTAT has ruled that "curtain glass affixed to a building is not removable" and is "not liable to central excise duty." The tribunal's decision, which is a significant…
Haryana RERA has directed a realtor to pay compensation to homebuyers for a delay in flat handover. The authority's decision comes in response to numerous complaints from buyers…
The DRAT has dismissed a securitization application filed against Indian Bank, citing a lack of evidence to indicate any illegality in the order passed under Section 14 of the…
The Madras High Court has dismissed IGST refund pleas, holding that a debit from the Electronic Credit Reversal and Reclaimed Statement ECRL is a mandatory requirement for filing…
BNP Paribas has aligned with Eternal and has offloaded its Swiggy stake. The move is a significant development in the financial sector. The company's decision is a crucial…
The Kerala High Court has granted "anticipatory bail to rapper Vedan in a rape case." The court's decision, which is a significant victory for the person, was made on the grounds…
The ITAT has ruled that a "real estate firm's EDC payments to HUDA" are "of a contractual nature" and are "liable to TDS under Section 194C." The tribunal's decision, which is a…
The ITAT has restored a case for reconsideration, disallowing only ₹10 crore out of a ₹35 crore depreciation allowance claimed by Oriental Insurance Co. Ltd. The Assessing Officer…
The Karnataka Commercial Taxes Department has arrested a trader involved in a multi-crore GST Input Tax Credit ITC scam. The accused was apprehended for allegedly creating a web…
BNP Paribas has bought Eternal shares worth ₹3,200 crore while offloading its stake in Swiggy. This strategic move indicates a shift in the bank's investment portfolio, focusing…
Veranda Learning promoters have trimmed their 17% stake, with Goldman Sachs and Authum stepping in. The move is a significant development in the education sector. The company's…
IPO-bound Aye Finance's Q1 profit has halved to ₹31 crore. The decline in profitability is a notable development for the micro-lending firm as it prepares for its initial public…
TikTok owner ByteDance has set its valuation at over $330 billion as its revenue continues to grow. This valuation solidifies ByteDance's position as one of the world's most…
The Enforcement Directorate ED has arrested the former director of Sahiti Infratec in a ₹360 crore scam in Telangana. The arrest is part of a wider investigation into alleged…
The NCLT has ruled that the financial assistance provided by Adhunik Corporation Ltd. can be treated as a financial debt. The tribunal, while making its decision, cited the…
The Karnataka Commercial Taxes Department has arrested a trader involved in a multi-crore GST Input Tax Credit ITC scam. The accused was apprehended for allegedly creating a web…
The Finance Ministry has announced that it will hold regular discussions with MSMEs to address the issue of slowing wage growth. The initiative aims to understand the challenges…
The Delhi High Court has upheld the "conviction of a father for the rape of his nine-year-old daughter." The court's decision, which is a significant victory for the victim, was…
Apple has partnered with Jio to bring RCS messaging to iPhones in India. This collaboration aims to enhance the messaging experience for iPhone users on the Jio network, offering…
The CESTAT has ruled that service tax cannot be levied on TDS paid to the government on behalf of a foreign service provider. The tribunal clarified that the TDS amount, which is…
The ITAT has deleted an addition of gifts from a sister and father-in-law to a taxpayer's income, accepting the proof of receipt provided by the assessee. The Assessing Officer…
The ITAT has ruled that payments for multiple bills, each below ₹10,000, do not attract disallowance under Section 40A 3 of the Income Tax Act. The provision restricts cash…
TVS Supply Chain Solutions has received a ₹49 crore GST demand notice for the alleged excess availment of Input Tax Credit ITC . The company, which provides logistics and supply…
The CESTAT has ruled that chlorine supplied free of cost by service recipients cannot be included in the gross amount charged for service tax calculation. The tribunal observed…
The RBI has notified an updated sanctions list from the United Nations Security Council UNSC under Section 51A of the Unlawful Activities Prevention Act, 1967 UAPA . The…
The government has launched a new forum to make pensions "safer, easier, and more transparent," a big boost for retirement savings. This initiative, part of a broader push to…
BiofuelCircle, a clean energy company, is set to raise ₹70 crore at a valuation of ₹86 crore. The funding will be used to scale up its operations and expand its product line,…
The Finance Ministry has established a new "Forum for Pension Regulatory Coordination and Development" to enhance the safety, transparency, and ease of retirement savings. This…
The ITAT has directed the Assessing Officer to allow additional depreciation to TVS Pvt. Ltd. on the grounds that the company had not claimed it in the preceding year. The…
The CBIC has issued a public advisory urging against speculation on GST rate changes ahead of the upcoming GST Council meeting. The board emphasized that decisions on GST rates…
SEBI has relaxed the timeline for stock brokers to submit their net worth certificates for offering margin trading facilities. The regulator has extended the deadline from the…
The ITAT has restored a case for reconsideration, disallowing only ₹10 crore out of a ₹35 crore depreciation allowance claimed by Oriental Insurance Co. Ltd. The Assessing Officer…
The DGFT has suspended the SION of various "food and related products" and has "allowed advance authorization benefits" for exporters. The move, which is a significant step…
The Madras High Court has directed a "contractor to submit evidence before the GST department" for a works contract executed before 2022 to "re-confirm the demand." The court's…
The Kerala High Court is hearing a case against "BJP's K Surendran" in the "Manjeswaram election bribery case." The case is a significant development in the legal sector. The…
The Rajasthan High Court has ruled against the "medical termination of a minor rape survivor's pregnancy." The court's decision, which is a significant victory for the person, was…
Donald Trump's 50% tariffs on Indian exports have become effective, putting an estimated $482 billion trade at risk. The new tariffs, a result of stalled trade talks between the…
The Madras High Court has quashed an "ex-parte order" passed against a taxpayer, ruling that the "fault lies with the auditor, not the assessee or GST dept." The court's decision,…
The ITAT has ruled that a "real estate firm's EDC payments to HUDA" are "of a contractual nature" and are "liable to TDS under Section 194C." The tribunal's decision, which is a…
The NCLAT has ruled that "liquidation under IBC can be ordered in the absence of a pending CIRP." The tribunal's decision, which is a significant victory for the government, was…
TVS Supply Chain Solutions has received a ₹49 crore GST demand notice for the alleged excess availment of Input Tax Credit ITC . The company, which provides logistics and supply…
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