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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 news highlights a significant surge in GST evasion cases in Karnataka, which rose five-fold in FY25 compared to previous years, marking the highest level in three years.…
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…
The ITAT clarified that TDS credit can be allowed to the taxpayer in whose hands the income is ultimately assessable, in accordance with Rule 37BA of the Income-tax Rules. The…
Fractal Analytics has filed its DRHP with SEBI for a ₹4,900 Cr IPO. The issue will include a mix of fresh equity and offer-for-sale components. Funds will be used for expansion,…
The CESTAT Mumbai Bench granted JSW Steel relief by allowing a cash refund of Countervailing Duty CVD and Special Additional Duty SAD paid between July 2018 and July 2019, which…
This article outlines significant updates in the online filing process of Form No. Appeals before the Commissioner of Income Tax Appeals CITA . It describes new procedural and…
The Supreme Court admonished authorities for substandard conditions in stray dog shelters, emphasizing that animals should not suffer in poorly maintained facilities. It…
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…
Fractal, a data analytics company, posted a profit of INR 22 Cr in FY25 ahead of its IPO filing. Improved margins, growing enterprise contracts, and AI-driven solutions…
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…
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 ruled that individuals who are not signatories to an arbitration agreement cannot attend arbitration proceedings. It held that such participation violates…
An NGO has petitioned the Supreme Court to recall an earlier directive mandating the relocation of stray dogs, arguing it is unimplementable and unlawful. The NGO contends that…
The Income-tax Appellate Tribunal ITAT provided relief to Punjab National Bank PNB by cancelling a TDS demand once the bank submitted complete and accurate return forms. The ITAT…
The Supreme Court today removed the interim stay it had imposed on the Telangana High Court’s decision that quashed the nominations of Prof. Kodanda Rama Reddy and Amer Ali Khan…
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…
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 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…
Finance Minister Nirmala Sitharaman clarified that no GST notices have been issued solely on the basis of UPI transactions. The clarification addresses public concerns over…
Banks have proposed the introduction of a ₹1 crore GST turnover threshold to simplify compliance for small businesses and incentivize digital transactions. The article explains…
The Directorate General of GST Intelligence DGGI has issued a takedown notice to Google targeting six online gaming platforms accused of GST evasion. The article details how these…
The news highlights a significant surge in GST evasion cases in Karnataka, which rose five-fold in FY25 compared to previous years, marking the highest level in three years.…
This article explains the tax treatment and rules for carrying forward share trading losses into AY 2025-26. It differentiates between speculative and non-speculative losses,…
The ITAT struck down an income tax addition of ₹191 crore that was based solely on large cash deposits. The Tribunal held that the assessee’s sales were convincingly substantiated…
The article discusses how Article 19 1 g of the Indian Constitution safeguards citizens’ right to practice any trade or profession, especially against arbitrary cancellation of…
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…
A sectoral snapshot of Q1 results for several new-age tech companies alongside Bluestone’s IPO performance. The report covers revenue growth, profit trends, and investor response,…
Honasa Consumer’s shares surged 14% after the company posted strong Q1 results, driven by robust sales across its beauty and personal care brands. Improved profitability and…
Comminent secured $2 Mn in funding to expand its IoT-based smart application solutions across sectors like manufacturing, logistics, and energy. The capital will be deployed 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…
Olee Space has raised $3 Mn to develop laser-based communication systems aimed at satellite and aerospace applications. The funding will accelerate R&D, production, and global…
Fractal, a data analytics company, posted a profit of INR 22 Cr in FY25 ahead of its IPO filing. Improved margins, growing enterprise contracts, and AI-driven solutions…
Uber is piloting a zero-commission model for cab drivers in select Indian cities, aiming to attract more drivers and improve driver earnings. Instead of commission, drivers pay a…
FirstCry reported a narrowed quarterly loss of INR 66.5 Cr, a 12% improvement YoY, driven by revenue growth and improved cost efficiency. The company is preparing for its IPO and…
Refold AI, founded by the ex-JustDoc team, has raised $6.5 Mn in seed funding to build advanced AI-driven productivity tools. The funds will be used for product development,…
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…
The IPO of jewellery retailer Bluestone was oversubscribed 2.6 times by the third day of bidding, indicating strong investor interest. Both institutional and retail investors…
The Orissa High Court quashed an order where a GST officer re-levied a demand already adjudicated, terming it double taxation. The Court stressed that taxing the same liability…
The Gauhati High Court held that cancellation of GST registration has severe civil and commercial consequences for businesses, including loss of legal trading rights. Considering…
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…
The ITAT deleted an addition under Section 69C for alleged unexplained expenditure, after finding that gold-loan account and bank records substantiated the legitimacy of cash…
The ITAT quashed a reassessment order on the ground that the sanction under Section 151 was granted mechanically, without application of mind. The Tribunal emphasized that…
The CESTAT held that Hindustan Unilever Ltd. HUL was entitled to avail CENVAT credit on management consultancy and business support services, ruling them as qualifying input…
The ITAT restored a case involving ₹75 lakh of alleged on-money receipts to the CIT A for fresh adjudication. The addition arose from an unsigned loose sheet found during search…
The ITAT upheld an addition of ₹68.07 lakh as unexplained investment due to the assessee’s failure to comply with statutory notices and inability to produce verifiable stock…
The ITAT quashed a Section 148 reassessment notice, holding that basing such notice on incorrect facts invalidates the process. The Tribunal reiterated that reassessment must be…
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…
In a BSNL case, CESTAT ruled that excess service-tax paid can be adjusted beyond the immediately succeeding tax period under Rule 64A. The Tribunal interpreted the rule liberally,…
CashKaro's FY25 revenue has jumped to ₹350 crore. The company's financial performance is a significant achievement, highlighting the growing demand for its services. The profit…
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…
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