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India is eyeing a GST exemption on health and life insurance premiums to boost affordability. The move, which is aimed at making insurance more accessible to the public, is a…
Kiwi has raised ₹209 crore to make UPI-linked credit cards mainstream. The funding is a significant boost for the company and signals a strong investor interest in the fintech…
Kissht's revenue has decreased by 20% in FY25, with profit falling to ₹16.1 crore. This decline in financial performance is a significant development in the fintech space. The…
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…
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…
The CBDT is seeking industry feedback on "crypto tax rules," signaling a possible new VDA law. This is a significant step towards creating a more transparent and secure…
The Centre is planning to shift goods from the 12% to the 5% GST slab, with a projected revenue loss of ₹80,000 crore. This move, part of a broader GST restructuring, is aimed at…
Motilal Oswal Mutual Fund has increased its stake in Paytm to 5.15%. This investment signals a strong vote of confidence from a major financial institution in Paytm's future…
The NCLT has declared Kapil Wadhawan, the former promoter of DHFL, as bankrupt. This ruling, which follows a petition from Union Bank of India, holds the promoter personally…
The Punjab and Haryana High Court has granted bail to an "IRS officer" accused of "demanding ₹45 lakh to settle an income tax notice." The court's decision provides a significant…
SEBI has launched a search operation on a "top finfluencer" in Mumbai for providing unregistered stock recommendations. The market regulator's action is part of its ongoing…
The Karnataka Assembly has passed the "Gig Workers' Welfare Bill." This legislation is a significant step toward providing social security benefits to gig workers, including those…
The Madras High Court has quashed an order that required a company to file a fresh refund claim under Section 27 1-B of the Customs Act, ruling that the original claim filed in…
India is eyeing a GST exemption on health and life insurance premiums to boost affordability. The move, which is aimed at making insurance more accessible to the public, is a…
Chintan Thakkar, the CFO of Info Edge, has resigned to helm the IAN Group as CEO. The move is a significant development in the venture capital space, with Thakkar bringing a…
The Haryana RERA has directed Imperia Structures to pay "assured returns to a complainant." The authority's decision provides a significant victory for the homebuyer. The ruling…
The Delhi High Court has ruled that a "GSTIN cancellation" case involving the "misuse of an OTP" is "not for writ jurisdiction." The court's decision clarifies the limits of its…
The Income Tax Appellate Tribunal ITAT has reduced the disallowance of foreign travel expenses to 25% due to partial documentation. The tribunal noted that while the taxpayer was…
Kiwi has raised ₹209 crore to make UPI-linked credit cards mainstream. The funding is a significant boost for the company and signals a strong investor interest in the fintech…
Apple is reportedly set to "ramp up the manufacturing of the iPhone 17 in India." The move, which is a significant step towards a more self-reliant India, is aimed at reducing the…
The government has effectively "killed real money gaming" with a new gaming bill in the Lok Sabha. This legislation is a significant step toward creating a more transparent and…
Kissht's revenue has decreased by 20% in FY25, with profit falling to ₹16.1 crore. This decline in financial performance is a significant development in the fintech space. The…
The Karnataka Assembly has cleared the "Gig Workers' Welfare Bill," mandating a 1% welfare fee. This legislation is a significant step toward providing social security benefits to…
India has extended its anti-dumping duty on Toluene Di-isocyanate TDI imported from the European Union EU and Saudi Arabia. The Ministry of Finance’s decision is based on a review…
The ITAT has granted a rural trust a "second shot at 80G tax benefits" after a technical confusion with the income tax portal led to the denial of its application. The tribunal…
The government is considering a major overhaul of the GST framework, dubbed "GST 2.0," which could lead to a significant reduction in the tax on insurance premiums from the…
Biryani Blues has reduced its losses by over 30% in the first 11 months of FY25. The company's financial performance is a significant achievement, highlighting the effectiveness…
Motilal Oswal Mutual Fund has increased its stake in Paytm to 5.15%. This investment signals a strong vote of confidence from a major financial institution in Paytm's future…
The Delhi High Court has denied bail to former Amtek Group chairperson Arvind Dham in a ₹2,700 crore bank fraud case. The court's decision, which was based on the gravity of the…
The NCLT has declared Kapil Wadhawan, the former promoter of DHFL, as bankrupt. This ruling, which follows a petition from Union Bank of India, holds the promoter personally…
The Delhi High Court has granted bail to a "sick and infirm accused" in a "PMLA" case. The court's decision provides a significant victory for the accused. The ruling clarifies…
The ITAT has ruled that the "non-issuance of an income tax notice under Section 143 2 cannot be cured under Section 292BB." The tribunal's decision provides a significant victory…
The Madras High Court has summoned an "ED Assistant Director" in a "contempt plea." The court's decision highlights the seriousness of the issue. The ruling reinforces the…
The Punjab and Haryana High Court has granted bail to an "IRS officer" accused of "demanding ₹45 lakh to settle an income tax notice." The court's decision provides a significant…
The NCLT Chandigarh has ruled that a company "can't be revived under Section 252 3 of the Companies Act" if there is "no substantial investment reflected in its balance sheet."…
The NCDRC has held Bharti AXA Life Insurance liable for a "wrongful repudiation of an insurance claim," ruling that "leaving columns blank in a proposal form does not amount to…
The Haryana RERA has directed Imperia Structures to pay "assured returns to a complainant." The authority's decision provides a significant victory for the homebuyer. The ruling…
The CESTAT has provided relief to MRF, ruling that "reimbursements of salaries, rent, and branch expenses to overseas offices are not taxable as services under BAS." The…
The CESTAT has ruled that "department audit findings alone are insufficient to invoke an extended period" without a proven "intent to evade or wilful suppression." The tribunal's…
The ITAT has sided with the Kerala Co-op Bank, ruling that an income is "not business income but still deductible," and has quashed a tax demand. The tribunal's decision provides…
The ITAT has ruled that "KSEB is a state" and that "cash payments to government utilities fall under the Section 40 a 3 exception," deleting a disallowance. The tribunal's…
The ITAT has "rebuked a CIT A for lazy dismissal orders" and has "ordered a fresh hearing" on "demonetization cash deposits." The tribunal's decision provides a significant…
The ITAT has ruled that an "Act of God beats an Act of Law" and has cited the "Kerala floods" as a "valid reason for a belated ITR," allowing a Kozhikode Co-op Society to win an…
The ITAT has ruled that the "non-issuance of an income tax notice under Section 143 2 cannot be cured under Section 292BB." The tribunal's decision provides a significant victory…
The CESTAT has abated a "service tax appeal against Vasan Dental Hospitals," as the company is "undergoing liquidation." The tribunal's decision provides a significant victory for…
The CESTAT has ruled that "extra charges on resold cargo space are principal-to-principal trading" and are "not taxable as BAS." The tribunal's decision provides a significant…
The Delhi High Court has ruled that "consideration for software resale/use via EULAs is not royalty" and there is "no TDS liability under Section 195." The court's decision…
The CESTAT has ruled that a "license to run duty-free shops constitutes a renting of immovable property" and is "not liable to service tax" under the "airport service" category…
The Delhi High Court has ruled that a "GSTIN cancellation" case involving the "misuse of an OTP" is "not for writ jurisdiction." The court's decision clarifies the limits of its…
India is eyeing a GST exemption on health and life insurance premiums to boost affordability. The move, which is aimed at making insurance more accessible to the public, is a…
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