The Delhi High Court has ruled that "three months under Section 73 2 of the GST Act means three calendar months, not 90 days." The court's decision provides much-needed clarity on…
05/08/20251 min read
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The Delhi High Court has ruled that "three months under Section 73 2 of the GST Act means three calendar months, not 90 days." The court's decision provides much-needed clarity on…
The ITAT has set aside the "ex-parte rejection of an 80G approval application" and has directed the CIT Exemption to re-examine the plea of the Takshashila Education and…
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…
The CESTAT has provided relief to Bata India, ruling that "MRP valuation is not applicable on institutional sales" and has quashed an excise duty demand. The tribunal found that…
The ITAT has scrapped a tax demand on a real estate firm, ruling that the "on-money" tax demand was based on no evidence. The tribunal found that the tax authorities had failed to…
The Patna High Court has ruled that the limitation period to claim a GST refund begins from the date of correct IGST payment, not from an earlier incorrect payment. The court’s…
The Supreme Court has dismissed a revenue's SLP, upholding the High Court's decision to quash the "debonding application of Dr. Reddy's Lab." The court's decision brings an end to…
The CESTAT has provided relief to Bata India, ruling that "MRP valuation is not applicable on institutional sales" and has quashed an excise duty demand. The tribunal found that…
The ITAT has scrapped a tax demand on a real estate firm, ruling that the "on-money" tax demand was based on no evidence. The tribunal found that the tax authorities had failed to…
The Patna High Court has ruled that the "limitation to claim a GST refund begins from the date of correct IGST payment." The court's decision provides much-needed clarity on the…
The Supreme Court has refused to condone the filing of an SLP against an order upholding a merger and a short-term capital loss claim. The court's decision reinforces the…
The Delhi High Court has allowed a taxpayer to file an appeal despite the time elapsed, as the Customs Department failed to provide a hearing, ruling that "natural justice is not…
The Patna High Court has quashed a GST order for the denial of a post-reply hearing and has directed the department to comply with Section 75 4 immediately. The court's decision…
The AAR has ruled that the "cumulative income tax paid by a firm and its partners" is eligible for the Rule 86B exemption. The decision provides significant clarity on a…
The Supreme Court has upheld that the "excise duty on stock transfers to sister units" should be valued under Rule 8 at 110% of the cost. The court's decision settles a…
The Supreme Court has directed an assessee to opt for an appeal under the CGST Act, as ruled by the Gujarat High Court. The court's decision reinforces the importance of following…
The Supreme Court has dismissed a revenue's Special Leave Petition SLP over "income tax evasion by bogus LTCG and STCL claims." The court's decision signals that it found no merit…
The Calcutta High Court has dismissed a GST appeal for the non-exhaustion of the appeal remedy against an order blocking Input Tax Credit ITC on alleged fake invoices. The court's…
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…
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…
Practo, a health-tech startup, has turned profitable in FY25 and has revived its IPO plans. The company's financial turnaround is a major achievement, especially in the…
BlueStone's IPO is set to open on August 11, with the issue size cut by ₹180 crore. The reduction in the IPO size signals a strategic decision by the company to adjust to market…
The Karnataka GST department has sent notices to over 7,000 unregistered vendors based on data from UPI transactions. This move is a significant step in the department's use of…
The Madras High Court has ordered the Customs Department to consider a "bidder's refund representation with interest" after the auction materials were not as per the "TC Terms and…
The ITAT has condoned a 349-day delay in filing an appeal, citing "illiteracy and email issues," and has restored the ex-parte assessment to the AO for verification. The…
The Supreme Court has upheld a Bombay High Court ruling, allowing a "re-credit of notional SWS on duty-free imports under MEIS." The court found that since the Social Welfare…
The Supreme Court has upheld a CESTAT order, ruling that the "Excise Department failed to prove clandestine TV assembly at a warehouse." The court's decision provides a…
The ITAT has quashed the rejection of a trust's Section 12A and 80G claims, citing a "genuine delay in producing a 70-year-old trust deed." The tribunal found that the tax…
The Gauhati High Court has set aside an adverse GST order, ruling that a "show cause notice SCN without a date and time for a personal hearing is invalid." The court's decision…
The DGFT has expanded the scope of the Generalised Scheme of Preferences GAEC , amending its Handbook of Procedures HBP to include new chemicals and more destination countries.…
The Delhi High Court has set aside an arbitral award, ruling that "any award passed by an arbitrator unilaterally appointed is invalid." The court’s decision reinforces a…
The NCLT has admitted an insolvency plea over a ₹7 crore debt arising from an "inter-corporate loan default." The tribunal’s decision was based on the fact that the loan, which…
The Delhi High Court has ruled that a "pre-filled SCN waiver form is not legally valid" and has ordered the release of jewellery upon payment. The court found that the Customs…
A Lok Sabha panel has recommended over 330 changes to the proposed Income Tax Bill, 2025, to boost clarity and simplify the law. The recommendations, which came after extensive…
A racket involving the generation of fake e-way bills for empty vehicles has been busted in Hyderabad. The fraudsters were using the fake bills to claim fraudulent Input Tax…
The ITAT has granted full TDS credit to a taxpayer, relying on a CBDT circular in a case of "denial of TDS credit on farmers' sales by a commission agent." The tribunal found that…
The ITAT has remanded a case back to the Commissioner of Income Tax Appeals with a "one final opportunity" to adjust a ₹31.22 lakh Long Term Capital Gain LTCG . The tribunal found…
The CBI has arrested a Customs officer for allegedly accepting a ₹10.20 lakh bribe to clear cargo consignments. The arrest, which came after a tip-off, highlights the ongoing…
The Gauhati High Court has ruled that attaching a "determination of tax" to a summary in Form GST DRC-01 does not constitute a valid SCN. The court found that this practice fails…
The IBBI has penalized an Insolvency Professional IP for "failing to protect a corporate debtor's assets during CIRP." The IBBI found that the IP had not taken adequate steps to…
The NCLAT has rejected a "repeat insolvency filing," citing a limitation bar and res judicata. The tribunal's decision was based on the fact that the creditor had already filed an…
The NCLAT has dismissed an "impleadment plea" in a CIRP cost dispute that arose after a resolution plan had already been approved. The tribunal found that once a resolution plan…
The Supreme Court is hearing the Gameskraft case, putting the "GST liability on online gaming under the spotlight." The outcome of the case will have a profound impact on the…
The NCLAT has dismissed an insolvency plea over an "export dispute," citing pre-existing contractual issues. The tribunal's decision was based on the fact that the dispute was not…
The CESTAT has ruled that "mining services between distinct entities are taxable," rejecting a refund claim. The tribunal found that the services were not a "self-service" but a…
The Delhi High Court has ruled that "three months under Section 73 2 of the GST Act means three calendar months, not 90 days." The court's decision provides much-needed clarity on…
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