News & Judgements

The Delhi High Court has permitted a taxpayer to contest a show cause notice SCN before an appellate authority in a probe involving 108 firms and "fraudulent GST ITC availment."…

The Orissa High Court has directed a taxpayer to seek a remedy from the GST department after their "frozen bank account halts business operations." The court's decision highlights…

The Supreme Court has upheld the NCLT's decision that the "voluntary surrender of a corporate debtor's leased property to the lessor is not barred by the IBC moratorium." The…

The Kerala High Court has ruled that KVAT is not leviable on "hoarding displays" where there is no transfer of the right to use the hoardings. The court's decision provides…

The Calcutta High Court has upheld a CESTAT order to refund ₹7.98 crore to Raymond Apparel, which was paid as customs duty under protest. The court’s decision provides a…

The Madras High Court has ruled that the GST Council's Notification 56/2023 is "illegal" and has set aside several GST orders, taking note of the Tata Play ruling. The court’s…

The NCLT has approved a ₹185 crore revival plan for Lokshakti Sugar, with the Geetanjali Sugar consortium winning the bid. The court's decision is a significant step towards the…

The ED is probing a Bhopal firm under the PMLA for allegedly "inflating its turnover by 100% to avail ₹12.66 crore from SBI." The investigation highlights the increasing scrutiny…

The Supreme Court has upheld the Andhra Pradesh High Court's order to "set aside a GST refund rejection order." The court's decision provides a significant victory for the…

The Supreme Court has dismissed a Special Leave Petition SLP against a GST order that quashed an action of "negative blocking on ECL Electronic Credit Ledger ." The court's…

The CBDT has detected ₹630 crore of "undisclosed income" in crypto transactions. This action by the tax authorities highlights the increasing scrutiny of crypto assets by the…

A parliamentary panel has urged the Finance Ministry to "expedite GSTAT bench appointments" across India. The panel's recommendation is aimed at addressing the huge backlog of…

The proposed Income Tax Bill 2025 may not offer an exemption for "fast-track demergers," which could significantly impact startups. The move could lead to a higher tax burden for…

The Income Tax Department has detected an undisclosed income of ₹30,444 crore in FY25 through 465 surveys, highlighting a significant effort to curb tax evasion. This action by…

Krutrim has partnered with Cloudera to "boost AI data workloads in India." The partnership is a significant development in the technology sector, highlighting the growing…

ArisInfra's Q1 profit has declined by 22% YoY to ₹5.1 crore. The company's financial performance highlights the challenges and opportunities in the real estate sector. The dip in…

Tracxn has reported a 12% dip in profit in Q1 FY26, while its revenue remained flat. The company's financial performance highlights the challenges and opportunities in the data…

MapmyIndia's Q1 PAT has surged by 28% YoY to ₹45.8 crore. The company's financial performance is a significant achievement, highlighting the growing demand for its services. The…

ANI has moved the Delhi court alleging copyright infringement by a YouTuber named Thugesh. This action by the news agency highlights the growing legal challenges faced by content…

Reliance has officially written off its $200 million investment in Dunzo. This move by the company is a significant development and signals a major shift in Reliance's investment…

Aukera's valuation has surged over 45x in a Series B funding round. This development highlights the immense value of the company and the growing investor interest in its sector.…

Eternal has received a ₹1.34 crore tax demand order for FY22. The tax demand is a significant development for the company and highlights the increasing scrutiny of startups by tax…

Swiggy is targeting profitability by FY26, with Instamart-led growth. This is a significant development for the company and signals a strategic shift towards financial health. The…

MapmyIndia is set to join Zepto's captable. This development is a significant one and signals a strategic partnership between the two companies. The move could lead to a deeper…

BlueStone's IPO price band has been set at ₹492-517, with the company eyeing a valuation of $890 million. The price band and valuation are a significant development for the…

RateGain's Q1 profit has jumped by 3.5% to ₹46.9 crore. The company's financial performance is a significant achievement, highlighting the growing demand for its services. The…

Outzidr has bagged ₹2.7 crore from RTP Global and Stellaris. The funding is a significant boost for the startup and signals a strong investor interest in the company's vision and…

Renee Cosmetics has mopped up $30 million at a $200 million valuation. The funding is a major milestone for the company and signals a strong investor interest in the beauty and…

The Delhi High Court has ordered WazirX's parent company to "disclose Binance acquisition papers." The court's decision is a significant development in the ongoing legal dispute…

MapmyIndia has posted a revenue of ₹122 crore in Q1 FY26, with its profit growing by 28%. The company's financial performance is a significant achievement, highlighting the…

Nuuk has bagged additional funding, closing its Series A round at $6.6 million. The funding is a significant boost for the startup and signals a strong investor interest in the…

Xovian Aerospace has netted $2.5 million to build "AI-powered RF satellite infrastructure." The funding is a significant boost for the startup and signals a strong investor…

Zepto has debuted a "10-minute medicine delivery service." This is a significant development for the company and signals a strategic shift towards the health-tech sector. The move…

Ola Electric, along with Tiger Global, has cut its stake in Z47. This move signals a strategic shift in Ola Electric's investment portfolio and a change in investor sentiment from…

SuperGaming has mopped up $15 million at a $100 million valuation. The funding is a major milestone for the gaming studio and signals a strong investor interest in the Indian…

BlueStone has reduced its IPO size to ₹820 crore, cutting its Offer for Sale OFS by 42%. This move by the company signals a strategic decision to adjust to market conditions and…

Lead School has trimmed its net loss by 70% to ₹43 crore in FY25. The company's financial performance is a major achievement, especially in the competitive ed-tech sector. The…

Ola Electric's stake in Z47 has fallen below 2% after a recent partial exit. This development is a significant one and signals a strategic shift in Ola Electric's investment…

SuperGaming has raised $15 million, led by Skycatcher and Steadview. The funding is a major boost for the gaming studio and signals a strong investor interest in the Indian gaming…

Hylenr, a green-tech startup, has netted $3 million to offer "low-carbon heat generation solutions." The funding is a significant boost for the company and highlights the growing…

Dale Vaz's stock trading app, Sahi, has diluted a 40% stake after a Series A funding round. This move by the company is a significant development and indicates the company's need…

The Haryana RERA has warned of action against a Gurugram developer for non-compliance with its orders. The notice highlights the increasing scrutiny of the real estate sector by…

The NCLT, New Delhi, has ruled that the power to restore the name of a struck-off company cannot be exercised suo motu. The tribunal’s decision clarifies a key procedural aspect…