The CESTAT has quashed a "customs broker license revocation," as the SCN and order were issued "beyond mandatory time limits under CBLR Regulation 17." The tribunal's decision…
24/08/20251 min read
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The CESTAT has quashed a "customs broker license revocation," as the SCN and order were issued "beyond mandatory time limits under CBLR Regulation 17." The tribunal's decision…
The ITAT has upheld a CIT A order, allowing "club and entrance fees disallowance under Section 37" for MRF, as the expenditure was deemed "reasonable for business." The tribunal's…
The Delhi High Court has ruled that "Mankind Pharma is entitled to higher protection over 'KIND' family marks" and has ordered the removal of the "UNKIND" trademark. The court's…
The ITAT has rejected a survey-based profit attribution of ₹194.44 crore on SanDisk India, ruling that it is not a "taxable DAPE of Western Digital." The tribunal's decision,…
Over the past week, the combined market capitalization of eight of India's top-10 most valued firms has increased by a total of ₹1.72 lakh crore ₹1,72,148.89 crore . This gain was…
The "Promotion and Regulation of Online Gaming Bill, 2025," has received presidential assent. The new law, which is a significant step towards a more user-friendly and less…
The ITAT has fixed the "FMV of land at ₹60/sqm for a capital gain calculation" and has directed the AO to "verify a deduction under Section 54." The tribunal's decision clarifies…
The ITAT has deleted a ₹3.86 lakh addition on the sale of 12 flats, ruling that "Section 43CA is not applicable" and that the "agreement value at booking exceeded the stamp duty…
The Chhattisgarh High Court has provided relief for a "time-barred GST appeal" under a "CBIC circular," with a "stay on recovery." The court's decision provides a significant…
The CBDT has increased the "exemption limit to ₹20 lakh for undisclosed foreign assets." This significant increase is a crucial step towards a more transparent and user-friendly…
The Chhattisgarh High Court has directed the "adjustment of excess GST deposit during inspection" against dues or during a "final adjudication." The court's decision provides a…
The Gauhati High Court has allowed the "restoration of a GST registration" that was canceled for the "non-filing of returns for six months." The court's decision provides a…
The ITAT has upheld a CIT A order, allowing "depreciation and expenses on retention money" and dismissing the revenue's appeal. The tribunal's decision provides a significant…
The ITAT has stepped in to "ensure a fair hearing" after a trust's registration was missed due to a "missed email." The tribunal's decision provides a significant victory for the…
The CBI has raided "Anil Ambani-linked premises" in a "₹2,000 crore bank fraud case." The raids, which are a significant step towards a more transparent and less intrusive tax…
Con artists in Raipur are posing as officers from the CBI, RBI, and police to dupe residents. This is a significant development in the criminal world. The con artists are a…
The Supreme Court has stayed an SIT probe against Congress MLA Arif Masood in a "forgery case." The court's decision provides a significant victory for the accused. The ruling…
The NCLAT has ruled that "employees can't be paid gratuity dues in addition to payouts allocated to them in a resolution plan." The tribunal's decision clarifies a key procedural…
WestBridge has acquired a 15% stake in Edelweiss AMC for ₹450 crore. The move is a significant development in the financial sector and a major step towards a more digitized and…
1,500 hospitals have suspended cashless services for Bajaj Allianz policyholders. This is a significant development in the insurance sector. The company's decision is a crucial…
The RBI has invited bids to sell three bungalows in Lonavala at a base price of ₹6.55 crore. The sale is a significant step towards a more transparent and less intrusive tax…
Record-breaking acquisitions are boosting the "Silicon Beach of India" in Mangaluru. The city is emerging as a hub for technology and innovation, attracting major investments and…
Avanse, an education loan company, is reportedly planning to delay its IPO due to new US visa rules. The move is a significant development in the fintech sector. The company's…
TikTok's website is back in India after a five-year hiatus, although the app remains banned. The return of the website, which was initially blocked by the government, is a…
Smartworks has cut its stake in its associate company CleanMax. The move is a significant development in the venture capital space, with the company bringing a wealth of…
Flipkart's quick-commerce expansion is weighing on Walmart International's Q2 gross profit. This is a significant development in the e-commerce sector. The company's decision to…
Smartworks has trimmed its stake in its associate company CleanMax. The move is a significant development in the venture capital space, with the company bringing a wealth of…
The Himachal Pradesh High Court has ruled that "saying Pakistan Zindabad is not sedition" unless "India is denounced." The court's decision clarifies a key procedural aspect of…
Lawyers have moved the Madhya Pradesh High Court against "ads and celebrity endorsements" promoting legal services. The court's decision highlights the seriousness of the issue.…
Nazara-backed PokerBaazi has suspended its "real money gaming operations" after a new law. The move is a significant development in the online gaming sector. The move is a…
Hike's real-money gaming platform, Rush, is set to exit India, with its founder slamming policy reversals. This is a significant development in the online gaming sector. The…
The ITAT has quashed a CIT A order for "incorrect surcharge," as the "CPC corrects a dividend tax to 15%." The tribunal's decision provides a significant victory for the taxpayer.…
The ITAT has ruled that an "income tax assessment framed in the name of a non-existent entity is void ab initio." The tribunal's decision provides a significant victory for the…
The Allahabad High Court has ruled that an "assessing authority cannot impose a demand beyond the amount proposed in a GST show-cause notice." The court's decision provides a…
The ITAT has restricted the income tax addition to a 5% profit on alleged bogus purchases of ₹13.80 crore. The tribunal’s decision provides a significant victory for the taxpayer.…
PayNearby, a fintech company, is reportedly planning to launch an IPO in the next fiscal year. The move is a significant development in the fintech sector and a major step toward…
The ITAT has deleted a ₹1.4 lakh cash loan addition, holding that the "seized cheques belong to the director personally" and not to "Metarolls Ispat." The tribunal's decision…
The CBDT has notified an "income tax exemption to the Kanpur Development Authority." The exemption, which is a significant victory for the state body, was made on the grounds that…
IdeaForge shares have rallied by 13% to ₹526. This is a significant development in the stock market. The company's shares are a crucial reminder to all investors that they must be…
The Chhattisgarh High Court has ruled that "taunting a husband's unemployed status" during Covid-19 is a "mental cruelty" and is a ground for divorce. The court's decision…
The ITAT has ruled that "book profit is to be increased by expenses debited to P&L" with respect to "exempt income," not disallowance under Section 14A. The tribunal's decision…
The Income Tax Act has been notified in the official gazette for general information by the Ministry of Law and Justice. This notification, which is a significant step towards a…
The ITAT has reduced a cash addition from ₹6.7 lakh to ₹1.3 lakh due to a "lack of corroboration" for a "6-7 kg cash entry." The tribunal's decision provides a significant victory…
The ITAT has directed a "de novo adjudication" for the "taxability of an industrial promotional subsidy" received by "Mahindra & Mahindra Ltd." The tribunal's decision provides a…
The ITAT has restored a trust's application for "permanent registration," ruling that there are "no records to show a misuse of activities inconsistent with objects." The…
The ITAT has upheld an "income tax demand under Sections 201 and 201 1A ," ruling that "factory land is not exempted from TDS under Section 194-IA." The tribunal's decision…
The ITAT has quashed a PCIT's revision under Section 263, ruling that "IndusInd Bank share transactions" are "not unexplained cash deposits." The tribunal's decision provides a…
The Madras High Court has ruled that a "GST offline rectification under Section 161 plea" is "valid," but a taxpayer must also file an "online application as a procedural…
The NCLAT has refused to condone a "248-day delay" in a "recall plea," ruling that a "delay in obtaining documents is not a sufficient reason." The tribunal's decision provides a…
The Central Government has published its "final findings in an anti-dumping investigation" of "liquid epoxy resin imports." This decision, which is a significant victory for the…
The CESTAT has quashed a "customs broker license revocation," as the SCN and order were issued "beyond mandatory time limits under CBLR Regulation 17." The tribunal's decision…
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