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The CESTAT held that bus services used by Century Pulp & Paper to transport its factory employees and school-going children are exempt from service-tax under Entry 23 b of…
The ITAT remanded a case to the Assessing Officer regarding capital gains addition, due to unverified sale consideration details. The Tribunal directed thorough verification of…
The Securities and Exchange Board of India SEBI allowed investment advisers and research analysts to meet their mandatory bank deposit requirements under lien by using investments…
D2C consumer durables brand Lifelong Online raised $13 million from existing backers at a valuation of $500 million. The funding will support scaling operations, product…
The HR-tech SaaS unicorn Darwinbox has secured $40 million from Ontario Teachers’ Pension Plan’s Teachers’ Venture Growth TVG arm. Proceeds will fuel Darwinbox’s market expansion…
Online travel aggregator EaseMyTrip reported a 99 % year-on-year plunge in Q1 profit, down to INR 44 lakh amid rising operational costs and increased competition. Despite revenue…
A Reserve Bank-appointed panel has recommended a comprehensive AI policy framework tailored for India’s financial sector. Objectives include enhancing data governance, algorithmic…
The Supreme Court was informed that there is no immediate threat of execution of Indian national Nimisha Priya in Yemen, and diplomatic negotiations are underway to secure her…
The Indian defence tech market is projected to grow to $138 Bn by 2030, driven by AI, drones, and cutting-edge manufacturing capabilities. The government’s push for…
Matrimony.com posted a 40% YoY decline in net profit for Q1, falling to INR 8.4 Cr due to increased marketing spends and platform investments. While revenues grew modestly, higher…
Nykaa’s beauty business saw strong Q1 growth due to four key factors: improved supply chain efficiency, premium brand expansion, aggressive marketing, and enhanced customer…
In July, PhonePe retained its lead in India’s UPI payments landscape, although its market share dipped slightly. The marginal decline signals intensifying competition among UPI…
This feature explores Pawspace, a pet-care marketplace being built as an “UrbanCompany for pets.” It analyzes the platform’s business model, marketplace structure, service…
Expense management platform Zaggle logged a 56 % year-on-year rise in its Q1 profit, reaching INR 26 crore. Strong performance stems from improving operational efficiency and…
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…
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…
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…
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 Supreme Court dismissed Pernod Ricard’s plea seeking to restrict the use of the “Pride” mark by another brand, holding that average consumers of premium whiskey are unlikely…
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…
The Supreme Court began hearing a plea filed by news Channel Sakshi TV, challenging the TDP-led Andhra Pradesh government’s alleged blocking of its broadcasts. The petitioner…
The Supreme Court, in a recent hearing, observed that while the Bihar State Election Commission SEC possesses prima facie authority under electoral laws, the exercise of its…
The Supreme Court issued notice on a public interest petition demanding enhanced safety protocols for mountain helicopter flights following fatal accidents in Uttarakhand. The…
The Supreme Court reprimanded prison authorities, warning that any preferential “five-star treatment” for high-profile detainees would result in strict disciplinary action,…
The Orissa High Court ruled that parties cannot adopt inconsistent stands at different stages of litigation, affirming the DMT method for determining Fe content in iron ore fines.…
The National Company Law Appellate Tribunal NCLAT dismissed EPFO’s appeal, holding that the successful resolution applicant SRA cannot be saddled with claims that were not…
The Calcutta High Court condoned a substantial 180-day delay in filing an excise appeal, restoring the matter to the CESTAT for adjudication. The court accepted that genuine…
The ITAT deleted an addition for unexplained cash credits after finding that the Assessing Officer failed to verify documents submitted by the assessee’s broker. The tribunal…
The ITAT ruled that losses from a partnership firm cannot be added back while computing a partner’s book profit for tax purposes. This interpretation aligns with the scheme of…
In a significant ruling, the CESTAT Kolkata bench held that packing bulk goods into retail packs qualifies as “manufacture” under Section 2 f of the Central Excise Act and…
The Securities and Exchange Board of India SEBI issued a comprehensive master circular consolidating guidelines for debenture trustees. The circular outlines responsibilities…
The Central Board of Indirect Taxes & Customs CBIC issued an office order promoting and transferring several senior Indian Revenue Service officers in ranks such as Principal…
The Gauhati High Court quashed a service-tax demand order on procedural grounds: the tax authorities failed to serve a proper show-cause notice as mandated, relying instead on a…
The Income-Tax Appellate Tribunal ITAT held that merely updating the legal representative details of a deceased assessee on the e-filing portal constitutes sufficient intimation…
This article discusses a decision by the Income-Tax Appellate Tribunal ITAT regarding a property investment where the assessee attributed funding partly to a brother’s gift and…
This article covers a ruling by the Customs, Excise & Service Tax Appellate Tribunal CESTAT that customs brokers cannot be held liable if a client shuts down following verified…
The Enforcement Directorate attached properties worth ₹3,012 crore spanning 1,730 acres belonging to the Sahara Group, in connection with an alleged Ponzi scheme under the…
The Andhra Pradesh High Court quashed a GST show-cause notice SCN that failed to mention a Document Identification Number DIN , a statutory requirement. The court held the…
This article demystifies Input Tax Credit ITC mismatches that arise when a taxpayer transitions from composition scheme to regular GST regime. It explains reconciliation…
The Delhi High Court held that pending reassessment proceedings under the Income-Tax Act do not preclude the initiation of criminal prosecution under fraud or concealment charges.…
The Madras High Court dismissed a writ petition challenging GST Section 162C and Rule 364 as violative of Article 14 equality before law . The petitioner questioned differential…
Gujarat Chamber of Commerce & Industry has petitioned the CBDT seeking extensions to Income-Tax Return ITR filing and audit deadlines, citing disruptions faced by taxpayers and…
The NCLAT dismissed an appeal in a ₹104 crore repayment dispute involving HDFC Bank, ruling that a corporate guarantee invoked beyond the statutory timeframe is not protected…
The CESTAT condoned a 26-day delay in filing a service-tax appeal where the assessee was unable to access the online portal due to the tax department’s failure to reissue login…
The ITAT held that delay in furnishing Form No. 67, required to claim Foreign Tax Credit FTC under Section 139 1 , does not invalidate the claim if the substantive conditions are…
The Central Board of Indirect Taxes & Customs CBIC released a transfer and posting notification involving 13 officers in the ranks of Principal Commissioner and Commissioner of…
The Supreme Court ruled that individuals who are not signatories to an arbitration agreement cannot attend arbitration proceedings. It held that such participation violates…
The Supreme Court has sought a government response on whether sex education is included in the higher secondary school curriculum in Uttar Pradesh. In a suo motu matter, the court…
The Supreme Court admonished authorities for substandard conditions in stray dog shelters, emphasizing that animals should not suffer in poorly maintained facilities. It…
The CESTAT held that bus services used by Century Pulp & Paper to transport its factory employees and school-going children are exempt from service-tax under Entry 23 b of…
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