News & Judgements

The Delhi and Manipur GST Amendment Bills, 2025, have been passed, with a wider tax scope, state tax on alcohol inputs, and penalty waivers. The bills are aimed at bringing the…

The Madras High Court has condoned a "1-day delay in a GST appeal filing" caused by the non-notification of an ex-parte assessment order on the portal. The court's decision was…

The Madras High Court has set aside a GST order where the "demand tripled the proposed tax in the SCN without a prior notice." The court’s decision reinforces a fundamental…

The Punjab and Haryana High Court has ruled that High Courts "cannot interfere in SARFAESI proceedings" and has directed the petitioner to avail a remedy before the DRAT. The…

The Madras High Court has ruled that an "attachment under GST Section 83 lapses after one year and cannot be invoked to challenge SARFAESI proceedings." The court’s decision…

The Calcutta High Court has ruled that a "compounding application made under FEMA in completion of the adjudication process is not maintainable." The court’s decision provides…

The Punjab and Haryana High Court has stayed proceedings under the SARFAESI Act, subject to depositing a sum of ₹10 lakh. The court's decision balances the rights of the borrower…

The Income Tax Department has released an "updated excel-based utility for ITR-5 filing." The utility is a crucial tool for firms, LLPs, and other non-corporate entities to file…

The ITAT has upheld a PCIT's revision, ruling that "free equipment from group companies is taxable as a perquisite," and has directed the AO to verify it on a returnable basis.…

The ITAT has deleted a ₹10 lakh cash deposit addition, ruling that "wedding gifts are not taxable under income tax." The tribunal's decision provides a significant victory for the…

BharatPe is set to raise a "$80-100 million pre-IPO round led by Coatue." The funding is a major boost for the company and signals a strong investor interest in the fintech…

The Calcutta High Court has ruled that the "onus to prove sundry creditor payments within 180 days lies with the company" even if not requested by the GST authorities. The court’s…

The Supreme Court will decide on the "retrospective applicability of Section 5 of the amended Benami Property Act." The court's decision highlights the importance of the issue.…

The Supreme Court will decide whether a "JAO can issue an income tax reassessment notice after the introduction of the faceless assessment scheme." The court’s decision highlights…

SEBI has removed the "₹10,000 minimum subscription requirement for mutual fund distributor transaction charges." The move is a significant step towards a more inclusive financial…

The Delhi High Court has refused to entertain a writ petition regarding a "duplication of GST demand by the Central dept on fake ITC" and has directed the petitioner to file an…

The ITAT has condoned a "1249-day appeal delay" caused by the non-intimation of a tax practitioner and has quashed a revision. The tribunal’s decision was based on the fact that…

Zype has raised ₹90 crore from Xponentia Capital. The funding is a significant boost for the fintech company and signals a strong investor interest in the Indian fintech sector.…

The Calcutta High Court has ruled that GST adjudication without a mandatory hearing is "unsustainable." This decision reinforces the fundamental principle of natural justice,…

The Calcutta High Court has reinstated Sourav Ganguly's GST appeal, calling the further pre-deposit demand a "travesty of justice." The court’s decision was based on the fact that…

The Uttarakhand High Court has dismissed a plea for a GST waiver and TDS deduction, stating that "liability determination requires a factual inquiry beyond writ jurisdiction." The…

The Allahabad High Court has rejected an appellate authority's technical approach and ruled that a "wrong tax head entry is not a ground for denying a CGST refund." The court's…

The Telangana High Court has ruled that a "factual dispute on custody—legal or proper—in a gold smuggling case" is not for writ jurisdiction, directing the petitioner to seek a…

The NCLAT has dismissed an appeal, ruling that "logistical and financial difficulties are not enough to excuse a 3-day delay in refiling." The tribunal’s decision reinforces the…

SEBI has revised the framework for the "conversion of private listed InvITs into public InvITs." The new framework is aimed at providing more clarity and transparency in the…

The ITAT has applied a surcharge rate as the "income of a private discretionary trust does not exceed ₹1 crore." The tribunal's decision clarifies a contentious issue and is a…

The ITAT has deleted a penalty, ruling that a "legal heir cannot be expected to explain the unexplained bank credits of a deceased person" and has noted that the AO failed to…

The Mumbai District Commission has held a hotel liable for serving food containing "stone particles," directing it to compensate the customer. The commission's decision…

The Calcutta High Court has ruled that a "reference to a dispute resolution board is not mandatory before invoking Section 11 of the Arbitration Act" if the board is not…

The Rajasthan High Court, in a significant ruling, has addressed the issue of "consent of parents versus a minor girl's right to pregnancy." The court's decision provides…

The Kerala High Court has taken up the issue of "waste disposal from Vande Bharat trains," directing IRCTC to submit an action plan. The court's intervention highlights the…

The Supreme Court has delivered a split verdict on "tax assessment deadlines for foreign companies." The split verdict highlights the complexity of the legal provision. The case…

The Supreme Court has stayed a Madhya Pradesh High Court order that "set aside the inheritance of a ₹15,000 crore royal property to Saif Ali Khan and his family." The court's…

Yatra's profit has spiked 4x in Q1 FY26, and its revenue has doubled. The company's financial performance is a significant achievement, highlighting the growing demand for its…

ReNew is preparing for an India IPO and has selected advisers. This is a significant development for the renewable energy company and signals a strategic move to raise capital…

PSU banks, led by SBI, have logged a "₹44,218 crore profit in Q1," up 11% YoY. The performance highlights the banking sector's recovery and stability. The profit growth is a…

Private insurers are seeking time until 2027 for their "public listing plans." The request highlights the challenges faced by the insurance sector. The insurers are seeking more…

IndusInd Bank plans to boost "retail loans, MSME assets, and rural banking" in FY26. This is a significant development for the bank and signals a strategic shift towards a more…

The Telangana RERA has ordered a developer to "refund buyers for failing to deliver a project on time." The order highlights the increasing scrutiny of the real estate sector by…

The government has ordered a bank to "pay ₹1 crore to cyberfraud victims." The order highlights the responsibility of banks to protect their customers from fraud. The ruling is a…