News & Judgements

The GST on LIC premiums remains under active consideration, with the Group of Ministers GoM tasked with the review seeking more time to finalize its recommendations. This was…

The GST Council may consider granting an amnesty to small vendors who have been flagged for non-compliance based on their UPI transaction data. According to a tax commissioner,…

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…

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…

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…

India is actively promoting digital transactions through new incentives for RuPay and UPI, while also enhancing cybersecurity measures. This strategic push aims to make digital…

The Supreme Court has permitted the withdrawal of a Special Leave Petition SLP with liberty to return to the Punjab and Haryana High Court in a case involving a "year's delay in a…

The Supreme Court has dismissed a revenue's Special Leave Petition SLP , upholding a High Court's decision to quash the "debonding application of Dr. Reddy's Lab." The court’s…

BlackBuck, a logistics platform, has reported a revenue of ₹144 crore in Q1 FY26, with its profit growing by 17%. The company's financial performance signals a positive trend in…

The ITAT has allowed an appeal and deemed a ₹28 lakh addition under "business income" unwarranted, as the CIT A missed the capital gain rectification. The tribunal found that the…

The Calcutta High Court has ruled that the GST department cannot send multiple notices to advocates for client information in fraud cases, explaining the principle of…

The Jharkhand High Court has slammed the Income Tax department for ignoring a timely reply from a taxpayer, ruling that "time is to be calculated by the calendar, not the clock."…

The Supreme Court has directed the GST Council to decide on the tracking of GST paid on OIDAR Online Information and Database Access or Retrieval services and has asked the…

The Press Information Bureau PIB has issued a "fake news alert," confirming that ₹500 notes are "not being withdrawn." The announcement was made to quell widespread rumors on…

The government has announced "MSME payment reporting overhauls" for ITR filing, with new updates in the Form 3CD audit report. These changes are aimed at improving transparency…

The AAR has ruled that an "advance ruling" sought on the taxability of a supplier's transactions and the local authority status for Thane Municipal Transport Undertaking is "not…

The Supreme Court has dismissed a Special Leave Petition SLP due to a 225-day delay in a case regarding the "classification of fabrics partially coated with plastics and bearing…

The DGFT has notified the sugar export quota for the European Union EU under the Tariff Rate Quota TRQ for the financial year 2025-26. This notification is a crucial step in…

The Supreme Court has disposed of a Special Leave Petition SLP by relying on a previous judgment, upholding the validity of the Tola Total Loss Adjustment Act. The court's…

The Punjab and Haryana High Court has denied anticipatory bail in a ₹4.25 crore GST fake billing case, stating that "custodial interrogation is needed to uncover the modus…

The Orissa High Court has granted bail to a GST fraud accused on a ₹50 lakh bond, citing that the "possibility of influencing witnesses" was over. The court's decision was based…

India has extended the anti-dumping duty on black toner imports from China, Malaysia, and Taiwan. The decision, which came after a thorough investigation, is aimed at protecting…

The Government has released a list of 31 appointed Technical Members to the Goods and Services Tax Appellate Tribunal GSTAT . The appointments are a significant step towards…

The Supreme Court has dismissed a Special Leave Petition SLP after a GST refund claim was paid by the revenue along with interest. The court's decision brings an end to the…

The ITAT has granted relief to a taxpayer, ruling that a "bogus LTCG addition" with incriminating material in a search assessment is invalid. The tribunal's decision was based on…

TurboHire has secured $6 million to provide "Agentic AI-based recruitment solutions." The funding is a significant boost for the startup and reflects the growing investor…

The NCLAT has restricted Gensol from leasing out 152 EVs, a move that could impact the company's business operations. The tribunal's decision came after a dispute, and it…

IRDAI has slapped a ₹5 crore fine on Policybazaar for flouting norms. The penalty, which is a significant one, highlights the regulatory body's strict stance on compliance in the…

Clear, a fintech company, has cut 16% of its workforce amid the peak tax-filing season. The layoffs indicate a strategic shift by the company to streamline its operations and…

Legal-tech startup August has raised $7 million from New Enterprise Associates and Pear VC. The funding is a significant boost for the startup and signals a strong investor…

A report on MUFG's $334 million bet on India sparks a "wake-up call for investor due diligence." The report highlights the importance of thorough due diligence, especially when…

Spotify is charging 28% more in India, and a report explains why. The price increase is a significant development for the music streaming platform's users in the country. The…

TCS has extended its partnership with Weatherford to "support AI-driven transformation." The partnership is a significant development in the technology sector, highlighting the…

Indian cloud companies are set to "storm local skies with a low-cost advantage." The report highlights the growing potential of the domestic cloud market and the competitive…

The Uttar Pradesh Police are probing "Aadhaar-linked insurance fraud" and are warning of a rise in insurance scams using fake identities. The investigation highlights the…

Industry experts believe that RERA can "grade real estate promoters to increase credibility." The suggestion is aimed at improving transparency and protecting homebuyers. By…

Haryana RERA has served a notice to a developer to "comply with orders" after a money laundering case was filed by the ED. The notice highlights the increasing scrutiny of the…

Bobble AI is reportedly planning to raise fresh funds at a 30% valuation dip. This move by the company indicates a need for fresh capital and a recognition of the current market…

The Supreme Court, expressing shock, has ordered the Allahabad High Court to strip a judge of the criminal roster. The court's decision came after it found that the judge had…

The Andhra Pradesh High Court has stayed the investigation against Sony India's Managing Director in a consumer fraud case. The court's decision is a significant development,…

The Patna High Court has dismissed the bail plea of a senior advocate accused in a murder case. The court's decision was based on the gravity of the crime and the evidence…

The Delhi High Court has ruled that a GST refund cannot be granted to a trader until their "cancelled registration is restored." The court's decision reinforces the legal…

The Supreme Court is hearing a Public Interest Litigation PIL to track foreign GST services, putting the issue of OIDAR Online Information and Database Access or Retrieval…

The NCLT, New Delhi, has ruled that a "Resolution Professional can't cherry-pick entries from financial records" while verifying claims of creditors. The tribunal’s decision…

Fibes' lending arm has raised ₹225 crore in debt. The funding will be used to grow the company's lending business and expand its operations. This is a significant development for…

IRCTC Payments has received a nod from the RBI to operate as a payment aggregator. This approval is a significant milestone for the company, allowing it to process online payments…

The NCLAT, Chennai, has ruled that the "90-day timeline for schemes of compromise/arrangement is directory, not mandatory." This decision provides much-needed flexibility for…

The Ernakulum District Commission has held Paytm and its officials liable for delivering a low-value t-shirt instead of a laptop, causing a loss to the consumer. The commission's…

SEBI has invited public comments on proposed amendments to "related party transactions" under the SEBI LODR Regulations. The move is aimed at enhancing corporate governance and…

SAIL has been granted relief by CESTAT, which ruled that a "captive use of steel items for internal roads and maintenance activities" is exempt from excise duty. The tribunal…