News & Judgements

The Delhi High Court has ruled that reopening an assessment is "not valid" if it is based only on "survey material without tangible evidence of PE in India." The court's decision…

PhysicsWallah's revenue has crossed ₹3,000 crore in FY25, and its losses have been cut by 80%. The company's strong performance is a result of its focus on expanding its business…

Square Yards has reported a revenue of ₹378 crore in Q1 FY26 and has turned EBITDA positive. The company's strong performance is a result of its focus on expanding its business…

Miko, an Indian robotics startup, is set to raise $15.5 million in a new funding round. The round is expected to be a mix of equity and debt, valuing the company at around $550…

Altum Credo, a fintech company, has raised over $19 million from British International Investment. The funding injection is expected to fuel the company's growth and expansion…

Fintech startup Kiwi has raised $24 million in a Series B round led by Vertex Ventures. The funding will be used to scale up its operations and invest in new technologies,…

The Delhi High Court has refused bail to a "64-year-old senior citizen in a PMLA case," holding that "health grounds alone cannot justify release." The court's decision, which is…

The Jharkhand High Court has ruled that "six months of custody or a trial delay is not a sufficient ground for bail in economic offenses under the PMLA." The court's decision,…

The CESTAT has ruled that a "DGH essentiality certificate for petroleum operations" is "required only for importers," not for "domestic manufacturers." The tribunal's decision,…

The Chandigarh State Commission has held "debenture trustees and credit rating agencies of DHFL liable" for "failing to protect investors' interests." The commission's decision,…

The Bombay High Court has ruled that an "AO is not bound by a municipal rateable value" and "can fix a fair rent independently under Section 23 1 a of the Income Tax Act." The…

The CESTAT has ruled that the "DRI have jurisdiction to issue a show-cause notice in drawback cases." The tribunal's decision, which is a significant victory for the government,…

The Delhi High Court has ruled that a person's "educational qualifications" are "personal information" and cannot be disclosed under the "RTI Act." The court's decision, which is…

The Customs Department has slapped a "₹12 crore penalty on two former UAE consulate officials" in the "Kerala gold smuggling case." The penalty, which was made after an RTI…

The CESTAT has upheld a "demand" on "Amprolium HCL," ruling that it is "classifiable as a pure chemical" and not as "animal feed premixes." The tribunal's decision, which is a…

Qatar Holding has moved the "Karnataka High Court to enforce a $235 million award against Byju Raveendran." The move is a significant development in the arbitration space. The…

The Telangana High Court has "junked a wife's plea for ₹90 lakh alimony," rejecting a claim that the "husband is impotent." The court's decision, which is a significant victory…

The Supreme Court has stayed a "Kerala High Court verdict" that held the "RTI Act applies to Cochin International Airport." The court's decision, which is a significant victory…

SEBI has given its nod for LIC to continue as a "public shareholder" during the "privatization of IDBI Bank." The move, which is a significant step towards a more transparent and…

The Supreme Court has dismissed an "NGO's appeal against a Smartworks IPO," slamming the counsel for placing a "fake MCA letter on record." The court's decision, which is a…

The Sikkim High Court has quashed a GST order that denied budgetary support of ₹5.9 lakh to Zydus Wellness, a pharmaceutical company. The court's decision provides a significant…

The Orissa High Court has declared a writ petition filed by a taxpayer as "infructuous" after the GST department rectified a duplicate demand order. The tax authority had issued…

The ITAT has remanded a case for verification after a tax preparer allegedly filed an updated income tax return ITR-U showing a higher income without the taxpayer's knowledge. The…

The ITAT has directed the Assessing Officer AO to accept a charitable institution's claim that its advance receivables qualify as an application of income under Section 11 2 . The…

The Delhi High Court has upheld the constitutional validity of Sections 69 and 70 of the GST Act, ruling that they are not violative of Articles 20 3 or 21 of the Indian…

The ITAT has remitted a case back to the Assessing Officer AO after an individual failed to explain the source of cash deposits in a joint bank account that was declared in his…

The Delhi High Court has ruled that a rectification order under GST must be passed by the same authority that issued the original order. The court's decision is aimed at ensuring…

The Gauhati High Court has ordered fresh proceedings against the legal representative of a deceased assessee after it was found that the GST authorities were unaware of the death.…

The ITAT Patna has granted tax relief to an individual who sold a property for ₹4.5 crore, despite a filing error. The taxpayer, who sold land, had mistakenly claimed a tax…

Wastelink, a food surplus management startup, has secured a $3 million funding round. The company's unique business model involves collecting surplus food and turning it into…

Winzo has entered the US market and has pivoted to "short-video content" following the real-money gaming ban. The move is a significant development in the online gaming sector.…

Shares of Nazara Technologies have slumped by 11.6%, extending their decline for a fourth day. The company's shares are a crucial reminder to all investors that they must be…

The ITAT has ruled that "publicly listed companies need not prove the source of a source of share capital under Section 68." The tribunal's decision, which is a significant…

Kiwi, a fintech company, has raised ₹209 crore to make "UPI-linked credit cards mainstream." The funding injection is expected to fuel the company's growth and expansion plans in…

Police in Mumbai have arrested four individuals for impersonating income tax officers and extorting a citizen at gunpoint. The gang, which included three women, barged into the…

Wizcommerce has raised $8 million to "streamline B2B sales with AI." The funding injection is expected to fuel the company's growth and expansion plans in India. This is a…

Altum Credo, a fintech company, has raised ₹170 crore to expand its "tech-driven housing finance solutions." The funding injection is expected to fuel the company's growth and…

Jio's Sajith Sivanandan will take over as the CEO of Tata Digital. The move is a significant development in the technology sector. The company's decision is a crucial reminder to…

Oyo is reportedly planning to file its IPO papers in November, targeting a valuation of $7-8 billion. The company's decision is a crucial reminder to all businesses that they must…

The Supreme Court has dismissed a plea filed by an NGO, Infrastructure Watchdog, against a Smartworks IPO. The court's decision is a significant victory for the company. The…

Datamatics Global has announced the cessation of a subsidiary. The move is a significant development in the technology sector. The company's decision is a crucial reminder to all…

Protean has won a work order of ₹11.60 crore. The move is a significant development in the technology sector. The company's decision is a crucial reminder to all businesses that…

MIC Electronics has received orders worth ₹1.73 crore from Indian Railways. The move is a significant development in the technology sector. The company's decision is a crucial…

Panorama Studios has signed an agreement to acquire the "airborne rights of a Hindi movie." The move is a significant development in the media and entertainment sector. The…

The co-founder of Mooving, an electric vehicle startup, has launched a new AI venture, Trusterra, to power India's used EV market. The new company is aimed at providing a range of…

Hospitals have decided to not offer cashless facilities for Bajaj Allianz Care insurance policyholders in North India from September. This is a significant development in the…

Vistaar Financial has raised ₹1,360 crore, led by Motilal Oswal, to fuel its next phase of MSME lending growth. The funding will be used to expand its operations and invest in new…

The Telangana RERA has put an "R Homes project in abeyance" for "violating norms." The decision, which is a significant victory for the consumer, was made on the grounds that the…

A tribunal has overturned a "unilateral possession date extension" by RERA. The tribunal's decision, which is a significant victory for the homebuyer, was made on the grounds that…

The real estate sector is poised for a major boost with the proposed GST rationalization. The government's focus on simplifying business regulations and reducing compliance…