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The HR tech unicorn Darwinbox raised an additional $40 million in its latest funding round, underscoring investor confidence in India’s tech startup ecosystem. The capital…
Prime Minister Narendra Modi called for India to prioritize technological self-reliance across sectors ranging from artificial intelligence to defense. He urged domestic startups…
Zoomcar’s financial health continues to falter as it reported a staggering 66 % year-on-year jump in quarterly losses, reaching approximately $4.2 million. The company cited…
The CCI has rejected a "display ads abuse allegation against Google," citing a "lack of evidence from ADIF." The commission's decision provides a significant victory for the…
The Calcutta High Court has dismissed a writ petition, as the "Income Tax Department is not interested in pursuing a demand" under Section 143. The court's decision provides a…
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 Gauhati High Court has allowed two months for a taxpayer to seek the "restoration of a cancelled GST registration." The court's decision provides a significant victory for the…
The Meghalaya High Court has directed an assessee to file a revised return, as "sale proceeds were mistakenly recorded in a CGDS account." The court's decision provides a…
Ola Electric has introduced the refreshed S1 Pro+ and Roadster X+ scooters, while slashing their prices significantly. The S1 Pro+ now starts at ₹1.69 lakh from ₹1.99 lakh , and…
The GST Authority for Advance Rulings AAR has classified geo-membrane waterproof liners—used in agro-textile applications—as technical fabrics. This classification entitles them…
The Madras High Court quashed a best-judgment assessment order that was passed due to non-submission of documents. However, the court conditioned its relief on a 15 % pre-deposit…
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 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…
Rainmatter Capital-backed Age Care Labs is set to kick off a "Series B round." The funding is a significant boost for the company and signals a strong investor interest in the…
The ITAT upheld the CIT A ’s decision deleting additions of ₹424 crore received from the assessee’s brother, which had been treated as unexplained cash credit. The tribunal relied…
This article analyzes the Safari Retreats case which dealt with the interpretation of “plant and machinery” and the availability of input tax credit ITC under GST. It examines how…
The Income Tax Appellate Tribunal ITAT ruled in favor of a taxpayer where TDS credit was denied due to mismatch in Form 26AS. The tribunal directed the Assessing Officer to verify…
The Delhi High Court has ruled that the "timeline for filing a statement of defence" under Rule 18.3 of the Indian Council of Arbitration Rules is "directory in nature." The…
The NCLAT has set aside an NCLT order, ruling that the order "lacked reasons or analysis" despite a heading to the contrary. The tribunal's decision clarifies a key procedural…
Ola Electric has introduced the refreshed S1 Pro+ and Roadster X+ scooters, while slashing their prices significantly. The S1 Pro+ now starts at ₹1.69 lakh from ₹1.99 lakh , and…
The ITAT upheld the CIT A ’s decision deleting additions of ₹424 crore received from the assessee’s brother, which had been treated as unexplained cash credit. The tribunal relied…
In a recent live update, Trump announced plans for steep tariffs on semiconductors—possibly climbing to 300%. The move aims to protect domestic chip manufacturing, but raises…
Inc42's Soonicorn Tracker showcases early-stage Indian startups with the potential to become unicorns valued over $1 B soon. The tracker currently identifies 52 promising firms…
The HR tech unicorn Darwinbox raised an additional $40 million in its latest funding round, underscoring investor confidence in India’s tech startup ecosystem. The capital…
Prime Minister Narendra Modi called for India to prioritize technological self-reliance across sectors ranging from artificial intelligence to defense. He urged domestic startups…
Zoomcar’s financial health continues to falter as it reported a staggering 66 % year-on-year jump in quarterly losses, reaching approximately $4.2 million. The company cited…
The GST Authority for Advance Rulings AAR has classified geo-membrane waterproof liners—used in agro-textile applications—as technical fabrics. This classification entitles them…
The Madras High Court quashed a best-judgment assessment order that was passed due to non-submission of documents. However, the court conditioned its relief on a 15 % pre-deposit…
In a recent ITAT ruling, the tribunal held that multiple defaults under Section 271IIB of the Income Tax Act warrant only a single penalty. The levy was limited to ₹10,000,…
The Income Tax Department has released the Excel utility for ITR-6 for the Assessment Year 2025-26 FY 2024-25 . This tool simplifies return filing for companies not covered under…
The Income Tax Department has opened a special 2-day window allowing taxpayers to file updated returns using ITR-3 or ITR-4. This window is aimed at facilitating correction of…
The Bar Council of India BCI announced a moratorium on granting approval for new law colleges for three years. The move aims to improve the quality of legal education and address…
The ITAT remanded a case involving unexplained bank deposits of ₹10 crore back to the Assessing Officer for reconsideration. The tribunal directed a fresh hearing after the…
This article analyzes the Safari Retreats case which dealt with the interpretation of “plant and machinery” and the availability of input tax credit ITC under GST. It examines how…
The ITAT clarified that audit under section 44AB of the Income Tax Act is not applicable where no books of account are maintained, and therefore penalty under section 271B cannot…
The ICAI issued a guide outlining the necessary pre-requisites and documents required for filing ITR-1 for AY 2025. The article explains the importance of gathering salary slips,…
The Income Tax Appellate Tribunal ITAT ruled in favor of a taxpayer where TDS credit was denied due to mismatch in Form 26AS. The tribunal directed the Assessing Officer to verify…
RBI has amended its KYC Master Directions to strengthen compliance and security in customer verification processes. The changes include accessibility safeguards for…
This ICAI guide provides taxpayers with a clear understanding of how to declare income from house property while filing ITR-1. It discusses treatment of self-occupied, let-out,…
The article explains the most common reasons for rejection of ITR-V such as mismatch of personal details, missing signatures, delayed submission, or technical errors in…
The report “Green Horizons” delves into the state of venture capital investments in Indian climate tech. It highlights how funding remains fragmented and insufficient, especially…
Health-tech startup Arintra raised $21 million in a funding round led by Peak XV to enhance its AI-enabled medical coding platform. The funds will accelerate product development,…
The Supreme Court broached issues raised by multiple petitions challenging operations at Vantara Wildlife Centre, questioning the grounds of the pleas while exploring the balance…
The Supreme Court issued notice on a plea alleging wrongful detention and forced push-back of Bengali Muslim migrant workers to Bangladesh. The court is considering whether human…
Gaming and media company Nazara bet heavily on its proprietary IP in Q1, pivoting toward internal content development over licensed formats. The strategy paid off through improved…
This article dissects themes including the upcoming Fractals IPO, defence technology sector expansion, and investment trends. It offers investors insights into valuations, sector…
In a significant divestment, investment firm Sands Capital liquidated its entire stake in logistics unicorn BlackBuck, realizing proceeds of approximately INR 136 crore. The exit…
On August 14, 2025, the Supreme Court clarified that a summons issued by Central GST authorities under Section 70 of the CGST Act is not considered "initiation of proceedings"…
The HR tech unicorn Darwinbox raised an additional $40 million in its latest funding round, underscoring investor confidence in India’s tech startup ecosystem. The capital…
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