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The government has clarified a ₹75,000 standard deduction under the new tax regime in the Income Tax Bill, 2025. The bill, which is aimed at modernizing the tax system and…
PM Modi has announced "next-gen GST reforms" to boost the economy and ease of living. The reforms, which are expected to be implemented by Diwali, will simplify the tax structure,…
The GST Council is likely to approve a "5 percent and 18 percent two-slab structure," with big reforms coming by Diwali. The reforms, which are aimed at simplifying the tax…
The ITAT has upheld a CIT order rejecting a 12AB registration, ruling that objects held are "not charitable as benefits are limited to members, not the public at large." The…
The GST Council is likely to approve a "5 percent and 18 percent two-slab structure," with big reforms coming by Diwali. The reforms, which are aimed at simplifying the tax…
PM Modi, on the 79th Independence Day, has outlined a "decade of transformation," from zero tax to 40,000 compliance cuts. The Prime Minister's address, which was aimed at…
PM Modi has announced "next-gen GST reforms" to boost the economy and ease of living. The reforms, which are expected to be implemented by Diwali, will simplify the tax structure,…
The Rajasthan Commercial Taxes Department is "tightening ITC verification for delayed GST registrations." The department has announced that it will use a combination of data…
The ITAT has upheld a CITA deletion, ruling that a ₹4.24 crore receipt from a brother, which was treated as an "unexplained cash credit," was legitimate due to sufficient…
The ITAT has ruled that an audit under Section 44AB is not required, and a "penalty under Section 271B is not leviable when no books of account are maintained." The tribunal's…
GAIL has been hit with a "₹21.83 lakh customs penalty and fine" over the "denial of a concessional duty on imports." The penalty, which was imposed by the Joint Commissioner of…
The ITAT has ruled that "only the profit element is taxable" as a "sales and manufacturing activity is not disputed," upholding a restriction of a disallowance to 12.5% on bogus…
The government has clarified a ₹75,000 standard deduction under the new tax regime in the Income Tax Bill, 2025. The bill, which is aimed at modernizing the tax system and…
The ITAT has called out the Income Tax Department's rush and granted relief in a "TDS dispute," citing a "night-time notice" and a "1-day deadline." The tribunal's decision…
The Tripura High Court has ruled that a "state cannot blacklist a company after the approval of a resolution plan," as "new management cannot be punished for old misdeeds." The…
The Delhi High Court has ordered the "return of gold kadas and chains," ruling that a "waiver of SCN and personal hearing signed via a pre-printed form is not legally valid." The…
The CCI has closed a "decade-old complaint" without direct evidence, in a "coal mine auction cartelization case" against Adani, Aditya Birla, and Vedanta. The commission's…
The Supreme Court is set to examine the "jurisdiction of police with respect to GST authorities to detain goods in transit." The court's decision highlights the importance of the…
The Delhi High Court has upheld "lam coke import restrictions," ruling that "transitional clauses vs. safeguard measures in trade policy" are valid. The court's decision provides…
The ITAT has deleted an income tax penalty under Section 270A, ruling that the "mere disallowance of capitalized interest" is not "misreporting." The tribunal's decision provides…
The Calcutta High Court has remanded a VAT case, ruling that a "fast-track revisional authority accepted documents but recorded non-production." The court's decision provides a…
The ITAT has imposed a cost for an "unexplained delay" in filing an appeal and has remanded the matter to an AO for a fresh adjudication. The tribunal's decision provides a…
The Calcutta High Court has upheld the RBI's rejection, ruling that a "person found guilty under FEMA cannot seek compounding after adjudication." The court's decision provides a…
The Kerala High Court has ruled that a "taxpayer is entitled to interest on a refund under the DTVsV Act despite a Section 7 bar." The court's decision provides a significant…
The Gadag District Commission has dismissed allegations of a "manufacturing defect in a Pure Electric vehicle," ruling against a consumer's claim. The commission's decision…
The Mumbai State Commission has held Lucina Land Development liable for "neither refunding a flat amount nor delivering possession" in an India Bulls Park housing project. The…
The Delhi High Court has ruled that "post-termination restrictive covenants in employment contracts are void" under Section 27 of the Contract Act. The court's decision provides a…
The NCLAT has ruled that an "approval of a resolution plan cannot be interfered with over a nil payment to operational creditors" if claims have been properly dealt with. The…
The NCLAT has ruled that a "CoC has the discretion to allow a resolution applicant to submit a revised plan" if its name appears in the final list. The tribunal's decision…
The NCLT, Delhi, has ruled that a "director's communications cannot replace documentary proof for the establishment of a loan." The tribunal's decision clarifies a key procedural…
The NCLT Bengaluru has ruled that it is "not empowered to direct de-attachment of property attached under PMLA by the Enforcement Directorate." The tribunal's decision clarifies a…
The Jammu and Kashmir High Court has quashed an FIR, ruling that a "contractual dispute" should not be treated as a criminal offense. The court's decision provides a significant…
The NCLT Mumbai has ruled that "set-off of pre-CIRP tax dues is not permitted against post-CIRP tax refunds," unless a pre-existing contractual set-off is in place. The tribunal's…
The NCLT Mumbai has ruled that an "electricity connection can't be denied to a purchaser of a corporate debtor's properties due to past dues" if claims were filed with the…
The NCLT New Delhi has ruled that "pooling of debt by multiple operational creditors is prohibited" under Section 9 of the IBC. The tribunal's decision clarifies a key procedural…
The Allahabad High Court has ruled that "service on a registered email is sufficient service for limitation" under Section 169 of the CGST Act. The court's decision provides…
The Bombay High Court has ruled that "no sales tax is applicable on HDPE bags at the cement rate when sold separately." The court's decision provides a significant victory for the…
The Karnataka High Court has ruled that "export incentives can't be denied for an inadvertent error in a shipping bill." The court's decision provides a significant victory for…
The Patna High Court has ruled that the "limitation for a GST refund in a wrong head" is computed from the correct payment date. The court's decision provides a significant…
The Karnataka High Court has issued "guidelines on the reference of disputes under the Industrial Disputes Act." The court's decision provides much-needed clarity on the matter.…
The Allahabad High Court has quashed an FIR, ruling that "filing a complaint under Section 31 of the Domestic Violence Act" is a valid ground for a criminal charge. The court's…
The Jharkhand High Court has ruled that a "Civil Judge Senior Division has jurisdiction to try a trademark infringement suit" valued between ₹3 lakh and ₹1 crore. The court's…
The Supreme Court has laid down "guidelines to prevent parallel adjudication by Central and State GST authorities." The court's decision provides much-needed clarity on the…
The Delhi High Court has granted "interim relief to Hero MotoCorp" in a trademark case over "Destiny" electric scooters. The court's decision provides a significant victory for…
Zostel has filed an appeal in the Delhi High Court against the "quashing of an arbitral award in a dispute with Oyo." The company is seeking to overturn a previous court order…
Darwinbox has raised $40 million in a new funding round. The funding is a significant boost for the company and signals a strong investor interest in the HR-tech sector. The…
Zoomcar's loss has "zoomed 66% YoY to $4.2 million" in the June quarter. The company's financial performance is a significant development, highlighting the challenges faced by the…
Toothsi's parent company, MakeO, has acquired Apple Dental for ₹11 crore. The acquisition is a significant strategic move, aimed at consolidating MakeO's position in the…
The Supreme Court is set to examine the "jurisdiction of police with respect to GST authorities to detain goods in transit." The court's decision highlights the importance of the…
EDME Insurance Brokers has acquired UIB Insurance to strengthen its "reinsurance business." The acquisition is a significant strategic move, aimed at consolidating EDME's position…
The government has clarified a ₹75,000 standard deduction under the new tax regime in the Income Tax Bill, 2025. The bill, which is aimed at modernizing the tax system and…
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