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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…
Wipro has announced a $375 million deal to acquire the engineering R&D unit of Harman. The acquisition is a significant move for Wipro to accelerate its growth in the digital…
Shares of Nazara Technologies have tanked by over 11%, extending a losing streak to a second day, primarily due to the passage of a new bill banning real-money gaming in India.…
The NCLAT has ruled that a "company appeal at the behest of a shareholder is not maintainable." The tribunal's decision clarifies a key procedural aspect of company law. The…
The NCLT has rejected a "Dream Warrior Pictures" application, ruling that it has "no power to adjudicate disputes" related to the "copyright of the Kaithi movie" or "contract…
The ITAT has upheld a 90% disallowance for a "chit fund company's appeal" due to a "lack of evidence on commission payments." The tribunal’s decision provides a significant…
The ITAT has set aside additions on "₹14.6 crore demonetization cash deposits" and "derivative losses," remanding the matter for "fresh adjudication." The tribunal's decision…
The ITAT has deleted an IGST refund addition, holding that a "refundable advance is not taxable under Section 43B." The tribunal's decision provides a significant victory for the…
Wealthtech firm Neo is in the final stages of raising a $19 million funding round, which would value the company at around $686 million, a 2.7x increase from its previous…
The Delhi High Court has ruled that a "witness can't be recalled in POCSO cases" without a "cogent or justifiable reason." The court's decision clarifies a key procedural aspect…
The CESTAT has quashed a ₹20 lakh penalty on Bentley Motors, ruling that an "exporter is not liable for an importer's undervaluation." The tribunal's decision provides a…
The Allahabad High Court has upheld an ITC claim, ruling that an "e-way bill stamped at interception confirms goods movement," despite the supplier's GST registration being…
The NCLT has allowed the liquidation of Reliance Capital Ltd. and has appointed a liquidator. The tribunal's decision, which follows a petition from the RBI, is a significant step…
The CESTAT has upheld a penalty under Section 78 1 , ruling that a company "misrepresented two challans" that were "used for the payment of a previous period's service tax." The…
The NCLT has ruled that once claims are received by investors under a settlement agreement, they are prohibited from claiming the same amount under a resolution plan. The…
Indian firms are facing the "steepest earnings cuts in Asia," as analysts slash forecasts due to "US tariff risks." The potential for a 50% tariff on Indian exports to the US has…
The ITAT has deleted an IGST refund addition, holding that a "refundable advance is not taxable under Section 43B." The tribunal's decision provides a significant victory for the…
UltraTech Cement has received a ₹549 crore GST demand order on a corporate guarantee. The tax notice, which was issued after a tax audit, is a significant step towards cracking…
The ITAT has set aside additions on "₹14.6 crore demonetization cash deposits" and "derivative losses," remanding the matter for "fresh adjudication." The tribunal's decision…
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…
Wipro has announced a $375 million deal to acquire the engineering R&D unit of Harman. The acquisition is a significant move for Wipro to accelerate its growth in the digital…
The government has indicated that the divestment of IDBI Bank is likely to be completed by the close of FY26. The DIPAM Secretary confirmed that the process is moving forward,…
Shares of Nazara Technologies have tanked by over 11%, extending a losing streak to a second day, primarily due to the passage of a new bill banning real-money gaming in India.…
Fino Payments Bank shares have climbed 8% following an ESOP allotment and a key leadership move. The company announced it had granted over 89,000 stock options to employees under…
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 Ministry of Finance has appointed Anuradha Thakur as an "alternate governor" on the "Board of Governors for the AFDB." This appointment, which is a significant step towards a…
The smartphone industry is seeking a "GST cut to 5%" to "boost demand and affordability." This demand for a tax rate reduction is aimed at making smartphones more accessible to a…
The CCPA has penalized Rapido for "misleading ads" and has ordered the company to issue refunds to customers. The consumer protection authority imposed a ₹10 lakh fine on the…
Dream11 is reportedly set to "shut its core real money gaming business" following the government's new Online Gaming Bill. This decision, which was communicated during an internal…
Wealthtech firm Neo is in the final stages of raising a $19 million funding round, which would value the company at around $686 million, a 2.7x increase from its previous…
The Karnataka High Court has given the state government one month to decide on a "bike taxi policy." The ruling, which comes after a petition from a ride-hailing company, is a…
The Delhi High Court has ruled that it cannot directly attach properties outside its territorial jurisdiction, even when enforcing a foreign arbitral award against a company's…
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 Delhi High Court has ruled that a "witness can't be recalled in POCSO cases" without a "cogent or justifiable reason." The court's decision clarifies a key procedural aspect…
The Bombay High Court has ruled on the "territorial jurisdiction for a trademark infringement suit." The court's decision clarifies a key aspect of intellectual property law. The…
The CESTAT has ruled that the "revenue cannot enforce an optional exemption notification without an assessee's consent." The tribunal's decision provides a significant victory for…
The NCLT Hyderabad has ruled that an "Information Utility record is not mandatory to prove debt and default under the IBC." The tribunal's decision clarifies a key procedural…
A petition has been filed in the Delhi High Court against the appointment of "ex-railway officials as arbitrators," citing Section 14 of the Arbitration Act. The court's decision…
The CESTAT has provided relief to Godrej, ruling that "provisional refunds given under court orders cannot be treated as wrong refunds," and "no interest is payable." The…
The Bombay High Court has quashed an order by a magistrate who issued a "non-bailable warrant for an offense under Section 276C 2 of the Income Tax Act" that is punishable with a…
The Gujarat High Court has ruled that a "refund of compensation cess ITC cannot be denied when goods are exported on payment of IGST." The court's decision provides a significant…
The Delhi High Court has ordered the release of a "100-gram gold kada," citing the invalidity of a "pre-printed SCN waiver." The court's decision provides a significant victory…
The CESTAT has quashed a ₹20 lakh penalty on Bentley Motors, ruling that an "exporter is not liable for an importer's undervaluation." The tribunal's decision provides a…
The ITAT has restored a matter to a pending CBDT decision on condonation, citing a 90-day delay in filing Form 10AB for S80G approval. The tribunal's decision provides a…
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…
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