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Eternal Ltd., formerly Zomato, has received a ₹14.76 lakh GST demand order for a "short payment of tax." The notice, which was issued after a tax audit, is a significant step…
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 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 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 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…
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 Madras High Court has directed the department to issue a circular urging an assessee to engage "only qualified consultants." The court's decision, which is a significant step…
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…
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…
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…
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…
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.…
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…
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 Delhi High Court has passed a "John Doe order in favour of Ghar Soaps" and has directed e-commerce websites to "block infringing listings." The court'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 Punjab and Haryana High Court has ruled that the "Punjab Power Corporation is a statutory body" that can "prescribe a cut-off date for the implementation of the 5th pay…
The Delhi High Court has ruled that a "woman has no right to residence under the Domestic Violence Act after divorce" unless a "contrary statutory right" is shown. The court's…
The Delhi High Court has asked a "restaurant body" "how can you charge customers above the MRP?" and "why is the extra amount not part of the service charge?" The court's decision…
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 life insurance industry is awaiting more clarity on proposed GST cuts. The move is a significant step towards a more user-friendly and less intrusive tax environment. The…
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 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…
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…
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…
The ITAT has deleted income tax additions, ruling that the "name of the assessee was not mentioned in the seized documents." The tribunal's decision provides a significant victory…
The CBDT has amended Rule 21AIA of the Income Tax Rules, revising the "ETF specified fund explanation" and omitting a sub-rule. This amendment, which is a significant step towards…
The Chhattisgarh High Court has "condoned a 26-day delay" by "Gannon Dunkerley," ruling that "GST appeals cannot be dismissed by slipshod orders." The court's decision provides a…
The ITAT has upheld a "₹21.72 lakh addition" as a "sham transaction" in the "genuineness of penny stocks share sale." The tribunal's decision provides a significant victory for…
The Income Tax Department has released the "Excel utility of ITR-7 for AY 2025-26." The new utility, which is a significant step towards a more user-friendly and less intrusive…
The Patna High Court has directed for a "fresh assessment" for a "brick manufacturer," ruling that "no technical yardstick was applied" while issuing a "Section 73 order." The…
The Centre is proposing a "GST exemption on life and health insurance premiums." The move, which is aimed at making insurance more accessible to the public, is a significant step…
The Income Tax Department has released the "Excel utility of ITR-7 for AY 2025-26." The new utility, which is a significant step towards a more user-friendly and less intrusive…
The Delhi High Court has ordered the "AA to consider re-export" of a "90-gram gold chain and 10-gram gold wire" that were detained by customs without an SCN. The court's decision…
The Delhi High Court has "quashed a detention" and "directed the release" of an "84-gram gold chain" of a "foreign national" that was detained by customs without an SCN. The…
The CBDT has notified "key changes to Rule 21AIA with Section 10 4D of the Income Tax Act." The changes are a significant step towards a more transparent and less intrusive tax…
The ITAT has set aside an order and a FAA order, ruling that the "disallowance of excess deductions and a house property loss in a revised return" is not valid. The tribunal's…
The NCLAT has ruled that the "time limit under Regulation 2B" for completing a "Section 230 scheme of arrangement is directory," granting 90 more days. The tribunal's decision…
The President has given assent to the "Income Tax Bill 2025" and the "Taxation Laws Amendment Bill 2025." This marks a significant milestone in India's tax reform journey. The new…
The CBDT has raised the exemption limit for "undisclosed foreign assets" from ₹5 lakh to ₹20 lakh. This significant increase is a crucial step towards a more transparent and…
The ITAT has provided relief to Axis Finance Ltd., allowing "club membership fees for employees incurred as a business expense." The tribunal's decision provides a significant…
The GoM has cleared a proposal for a "two-slab GST structure" as part of "GST reform 2025." This move, which is a significant step towards a more user-friendly and less intrusive…
The DGFT has announced the "exemption of imports under DIA from duties" and has permitted a "CA certificate in lieu of the latest ITR." The move is a significant step towards…
The Delhi High Court has ruled that "Category III AIFs are not automatically indeterminate" if investor names are "absent from the original trust deed." The court's decision…
The Allahabad High Court has granted bail to an accused in a GST evasion case, citing "no criminal history" and a "willingness to pay a compounding fee." The court's decision…
The NCLAT has dismissed a Byju's plea, ruling that there is "no concept of a provisional constitution of a CoC under the IBC." The tribunal's decision clarifies a key procedural…
The CBDT has notified changes to Form 10CCF with regard to the "calculation of an IFSC's gross income and profit gains." The revision is a significant step towards creating a more…
The CBIC has extended the GSTR-3B filing due date, announcing a new due date for applicable cities. The extension is a crucial step towards creating a more user-friendly and less…
Sunil Goel's Numax has received RERA approval for its "ambitious 100-acre Numax City" in Muzaffarnagar. The RERA approval is a significant step towards creating a more transparent…
The CBDT has notified a "revised Form 10CCF for IFSC insurance businesses." This revision is a significant step towards creating a more transparent and secure environment for…
Eternal Ltd., formerly Zomato, has received a ₹14.76 lakh GST demand order for a "short payment of tax." The notice, which was issued after a tax audit, is a significant step…
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