News & Judgements

The Delhi High Court has ruled that the "import of counterfeit iPhones" dilutes "brand equity" and affects "consumer welfare." The court's decision, which is a significant victory…

The NCLT has declared "former DHFL Chairman Kapil Wadhawan" bankrupt over a "₹4,546 crore debt." The tribunal's decision, which is a significant victory for the government, was…

The Delhi High Court has ruled that a "notification issued by the government regarding the usage of gas" is a "law within the meaning of Article 12." The court's decision, which…

The Supreme Court has ruled that "mere non-signing won't invalidate an arbitration agreement if parties otherwise consented to arbitration." The court's decision, which is a…

The Telangana High Court has ruled that a "non-signatory" must have a "live and proximate connection" to an "arbitration agreement." The court's decision, which is a significant…

The Baramulla Consumer Court has ordered the "cancellation of fake electricity bills" and has awarded "₹30,000 in compensation." The court's decision, which is a significant…

The CBDT is reportedly set to issue an "SOP for social media access to taxmen." The move, which is a significant step towards a more transparent and less intrusive tax…

The Haryana RERA has refused to grant relief to complainants whose plots were "seized by the CBI." The court's decision, which is a significant victory for the government, was…

The Delhi High Court has directed the payment of a "GST refund with interest," ruling that it "cannot be withheld without a pending appeal." The court's decision, which is a…

The ITAT has ruled that "payments to foreign agents" are "exempt from TDS" as the "income is not taxable in India." The tribunal's decision, which is a significant victory for the…

The ITAT has allowed an "LTCG exemption on the sale of an old flat," as the "possession of the new flat falls within the prescribed period." The tribunal's decision, which is a…

The Delhi High Court has directed the processing of a "GST ITC refund" of "₹1.5 lakh under an inverted tax structure" within "three weeks with interest." The court's decision,…

The Delhi High Court has allowed the "rectification of DVAT returns" for the "issuance of Form C for inter-state sales." The court's decision, which is a significant victory for…

Bikers on Reddit have expressed "dismay over a proposed 40% GST slab on above 350cc motorcycles." The move, which is a significant step towards a more user-friendly and less…

The CBIC has cautioned against "speculative information" on "GST rate changes." The move, which is a significant step towards a more user-friendly and less intrusive tax…

The CESTAT has ruled that the "leasing of ISO tank containers from overseas suppliers" is a "deemed sale," not a "taxable service." The tribunal's decision, which is a significant…

The DRAT has upheld an order in favor of "Karnataka Bank Ltd," ruling that the "affixture of a sale notice was not proved." The tribunal's decision, which is a significant victory…

The DRAT has directed the borrowers to pay ₹1,050 crore towards a loan due to Canara Bank. The tribunal's decision, which is a significant victory for the bank, was made on the…

The Punjab and Haryana High Court has dismissed an ED petition to ban the travel of "Ireo MD Lalit Goyal," as he "already went to the US and returned." The court's decision, which…

The Uttarakhand High Court has left the decision to a registrar regarding a "co-op society's plea to unblock/defreeze fixed deposits" to pay income tax dues. The court's decision,…

The Madras High Court has upheld an Assessing Officer's AO order, ruling that Section 263 of the Income Tax Act can be invoked "only in cases of a lack of inquiry," not for…

The ITAT has denied an "80G approval" to a trust, holding that its "hospital runs commercially." The tribunal's decision, which is a significant victory for the government, was…

The ITAT has directed an Assessing Officer AO to verify and "restrict a disallowance only to late payments" after a "tax auditor" made a "wrong reporting of PF/ESI deposit dates."…

Gameskraft and Dream11 will not pursue a legal challenge against the government's gaming bill. The companies' decision is a crucial reminder to all businesses that they must be…

A NCLT member has refused to hear a petition after being approached by a "most revered member of the higher judiciary" to "favor a party." The tribunal's decision, which is a…

The FinMin has increased "duty drawback rates" for "gold and silver jewelry and articles." The move, which is a significant step towards a more transparent and user-friendly tax…

The ITAT has upheld an "upward adjustment of management support services on TVS." The tribunal's decision, which is a significant victory for the government, was made on the…

The Madras High Court has quashed a "punishment of increment stoppage" on a "Commercial Tax Officer" for a "failure to achieve a target." The court's decision, which is a…

The Madras High Court has quashed a "penalty order" on a "GST penalty under Section 122" for "fake invoice issuance" and has directed a "reply on a 25% deposit." The court's…

The Madras High Court has dismissed a "cooperative society's writ" on the status of a "cooperative bank for an 80P deduction." The court's decision, which is a significant victory…

The Andhra Pradesh High Court has quashed a "GST revisional order," ruling that the "time extension by the Supreme Court during Covid" was meant for "litigants, not authorities."…

The ITAT has remanded a case back to the Assessing Officer AO to verify and allow a "MAT credit disallowance" of "₹1.87 crore" in "Schindler India's" return. The tribunal's…

Bighaat, an agri-tech startup, has crossed ₹1,100 crore in revenue in FY25 and has turned EBITDA profitable. The company's strong performance is a result of its focus on expanding…

The ITAT has allowed "Schindler India" to exclude a "₹3 crore written-off" from its "book profits," noting it was an "actual bad debt." The tribunal's decision, which is a…

The ITAT has directed an Assessing Officer AO to allow "full credit" to "Schindler India" for a "TDS shortfall" after verifying Form 26AS. The tribunal's decision, which is a…

The CESTAT has set aside a "service tax demand on Oswal Cargo Movers," ruling that an "extended limitation period" was "unsustainable" due to a lack of "suppression or intent to…

The CESTAT has ruled that "liquidated damages" are "not taxable as a declared service" and has set aside a "service tax demand" on that basis. The tribunal's decision, which is a…

A Chartered Accountant and his associate have been booked for a ₹217 crore GST scam using "forged signatures." The move, which is a significant step towards a more transparent and…

A CBDT panel has recommended a "tougher Benami law" with "wider data access" for the "IT Department." The move, which is a significant step towards a more transparent and less…

The Centre is bracing for a ₹40,000 crore revenue loss as GST overhauls near. The move, which is a significant step towards a more user-friendly and less intrusive tax…

The Income Tax Department has raided NGOs across six states and has uncovered the misuse of ₹800 crore in CSR funds. The raids, which are a significant step towards a more…

The GST Council may roll out a new rate slab by September 22 ahead of the festive season. The move, which is a significant step towards a more user-friendly and less intrusive tax…

The Allahabad High Court has quashed an "order under Section 129 of the GST Act," ruling that "excess stock" calls for "proceedings under Section 74." The court's decision, which…

A NCLAT judge in Chennai has recused himself from hearing a case after a "higher judicial member" ordered him to "favor a party." The tribunal's decision, which is a significant…

The Delhi High Court has ordered Customs to release a woman's gold jewelry, ruling that the "mere prospect of filing a review" is "not grounds to hold seized goods." The court's…

Palmonas, a dem-fine jewelry startup, has raised ₹55 crore to scale up its business. The funding injection is expected to fuel the company's growth and expansion plans in India.…

Moglix, an industrial B2B marketplace, saw its revenue inch closer to the $700 million mark in FY25, while its losses halved. The company's strong performance is a result of its…

Flipkart has launched a new "Black" loyalty program for its YouTube Premium members. The new program, which is aimed at competing with Amazon Prime, offers a range of exclusive…

CredRight, a fintech company, has raised $10 million to expand its lending to small businesses. The funding injection is expected to fuel the company's growth and expansion plans…