The CESTAT has remanded a matter, noting that a mandatory "pre-deposit" was fulfilled, despite an appeal being previously dismissed for non-compliance. The tribunal's decision…
19/08/20251 min read
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The CESTAT has remanded a matter, noting that a mandatory "pre-deposit" was fulfilled, despite an appeal being previously dismissed for non-compliance. The tribunal's decision…
The ITAT has provided relief to Asianet, allowing the deduction of interest on "delayed statutory payments as a business expenditure." The tribunal’s decision is a significant…
The ITAT has allowed a claim, ruling that an "AO disallows a deemed application of income for the non-filing of Form 10 electronically" is a mere technicality. The tribunal's…
The Karnataka High Court has upheld a "CENVAT credit refund" for Wipro Technologies, despite the exported software services being non-taxable. The court's decision provides a…
The DRAT has dismissed a UCO Bank appeal, ruling that an "equitable mortgage created in favor of the bank after the execution of a gift deed cannot be a valid mortgage." The…
The Orissa High Court has declined to entertain a writ filed against a "GST Section 73 order after 11 months without an explanation." The court's decision clarifies the limits of…
The CESTAT has ruled that the "construction of independent residential houses for personal use is not taxable as a residential complex service." The tribunal's decision provides a…
The Andhra Pradesh High Court has quashed a "GST registration cancellation notice," ruling that a "DIN is mandatory" while issuing a GST SCN or order. The court's decision…
The Karnataka High Court has dismissed a revenue appeal, ruling that the "conversion of MEIS shipping bills to a DEPB scheme is allowed" as they have a "similar examination…
The ITAT has set aside a PCIT order, holding that an "AO properly verified details" of "investments and FDs" and that a reassessment order under Section 263 is not valid. The…
The Supreme Court has restored a review petition for a fresh consideration, ruling that the "imposition of a 100% penalty under GST without proving fraud" is not valid. The…
The CBDT has amended the "Income Tax Rules," fixing "₹4 lakh salary and ₹8 lakh gross income thresholds." The new rules, which are aimed at simplifying the compliance process, are…
The DRI has seized 1,194 kg of "Alprazolam," worth "₹238.8 crore," from a manufacturing facility in Andhra Pradesh. The seizure is a significant step towards cracking down on drug…
The government has "exempted customs duty and AIDC on cotton imports for a limited period." The move is a significant step towards a more self-reliant India. The new rule will…
The ITAT has ruled that "SBI PLR is applicable for arm's length interest on INR-denominated FCCDs." The tribunal's decision clarifies a key aspect of international taxation. The…
The ITAT has ruled that "scrap sales are taxable as operating income" and has treated a "₹26.18 lakh" income from packing material as such. The tribunal's decision provides a…
The Calcutta High Court has ruled that an "income tax deduction under Section 80P is allowable for interest earned on surplus lending funds to a banking business." The court's…
The Calcutta High Court has dismissed a petition on the "issue of irregular GST ITC," ruling that it is "not maintainable." The court's decision clarifies the limits of its…
The GST reforms will ensure that "GST registration is cleared in just 3 days" and that "refunds are automated." The reforms, which are expected to be implemented by Diwali, will…
A partner in Ambika Steel has been arrested in Hyderabad for "bogus ITC claims" in a GST fraud case. The arrest, which was made after a raid by the GST authorities, is a…
The GST reforms are likely to keep "sin goods costly" while providing "relief for man-made fabrics." The reforms, which are expected to be implemented by Diwali, will simplify the…
The CBI has arrested a "Mumbai customs officer" in a "₹10.2 lakh bribery case." The arrest, which was made after a complaint from a businessman, is a significant step towards…
The GST on automobiles is set for a "major restructuring in upcoming reforms." The reforms, which are expected to be implemented by Diwali, will simplify the tax structure, reduce…
R for Rabbit, a baby and kids product startup, has raised $27 million in a funding round led by Filter Capital and 3one4 Capital. The capital infusion is a major boost for the…
The retail brand SuperK's valuation has jumped 24x in a "Series B round." The company's financial performance is a significant achievement, highlighting the growing demand for its…
The NCDRC has ruled that an "insurance claim cannot be denied" merely because a "column on an insurance form was left blank." The commission's decision provides a significant…
The Bombay High Court has ruled that there is "no copyright protection for a film title," even if it is "registered with a film association." The court's decision clarifies a key…
The Kerala High Court has granted "temporary protection from arrest" to rapper "Vedan" in a rape case. The court's decision provides a significant victory for the accused. The…
The Telangana High Court has rejected a wife's divorce plea over "alleged marriage fraud." The court's decision provides a significant victory for the accused. The ruling…
The Gujarat High Court has extended the "temporary bail of Asaram Bapu" in a "rape case." The court's decision provides a significant victory for the accused. The ruling clarifies…
The Bombay High Court has ruled that RCM notifications "denying ITC credit to service providers are constitutionally valid." The court's decision clarifies a key aspect of tax…
The ITAT has ruled that an "income tax rebate under Section 87A is available on short-term capital gains" under Section 111A and a new tax regime. The tribunal's decision provides…
The Bombay High Court has ruled that the "sale proceeds of a vintage car are taxable" unless the assessee "proves that the car was used as a personal asset." The court's decision…
The Supreme Court is set to decide whether a "merchant navy officer's salary credited in an Indian bank account is exempt from income tax." The court's decision highlights the…
The NCLAT New Delhi has ruled that once a "CoC agrees to release personal guarantees upon payment," an "invocation cannot be directed by the adjudicating authority." The…
The NCLAT has ruled that an "approved resolution plan can't be set aside merely due to a dissenting financial creditor's dissatisfaction with asset valuation." The tribunal's…
The NCLAT has ruled that "litigants can't be forced to argue on merits" when they "did not even file a reply to an RP's report" due to "sufficiently explained causes." The…
The NCLAT Chennai has ruled that it has "no adjudicatory power under the IBC to reconstitute a CoC" once it is constituted, and that there is "no concept of a provisional…
The NCLT Mumbai has ruled that it is "not a competent forum to adjudicate disputes" relating to "copyright violations or contract terminations." The tribunal's decision clarifies…
The NCLT Chandigarh has ruled that a "mere denial that invoices were not received" cannot "override signed acknowledgements from an operational creditor's finance department." The…
The Calcutta High Court has ruled that "proceedings between the expiry of an arbitrator's mandate and its extension by a court are not void" if the mandate is eventually extended.…
The Delhi High Court has ruled that a trial court's "failure to frame a counter-claim as an additional issue" is "patently illegal," even if it is not in the prayer clause. The…
The Mumbai District Commission has held Reliance Retail liable for its "failure to replace a defective air conditioner." The commission's decision provides a significant victory…
The Haryana RERA has issued an "arrest warrant against the directors of Parsvnath Developers." The arrest warrant, which was issued after a complaint from a homebuyer, is a…
The Delhi High Court has directed the CESTAT to hear an appeal on a "duty demand for a second container seized from a godown with a 50% pre-deposit." The court's decision provides…
The Bombay High Court has ruled that "secured creditors' rights under Section 26E of the SARFAESI Act override state sales tax claims," clearing an auction sale in a Canara Bank…
The CESTAT has ruled that "construction services provided to educational institutions and hospitals are not taxable." The tribunal's decision provides a significant victory for…
The Bombay High Court has ruled that there is "no constitutional violation in the GST RCM under Sections 172 and 173 of the CGST Act on security services." The court's decision…
The CESTAT has upheld a "differential customs duty demand, penalty, and interest," ruling that the "mere assembly of imported components can make an e-rickshaw." The tribunal's…
The Patna High Court has allowed the rectification of a "GSTR 3B" on par with a "GSTR 1" after a mistake in filing the IGST taxable value. The court's decision provides a…
The CESTAT has remanded a matter, noting that a mandatory "pre-deposit" was fulfilled, despite an appeal being previously dismissed for non-compliance. The tribunal's decision…
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