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The ITAT Income Tax Appellate Tribunal has upheld the rejection of a taxpayer's books of account for the "absence of a stock register and abnormal cash sales," confirming a "5%…
The IBBI Insolvency and Bankruptcy Board of India has upheld the "suspension of a registered valuer for non-transparent land valuation in a CIRP Corporate Insolvency Resolution…
The Income Tax Department has initiated a crackdown on gold jewellers who are allegedly using an "illegal accounting trick." The department has discovered that some jewellers are…
The Delhi High Court has flagged "serious concerns" and denied the immediate release of 78 grams of "silver-coated gold coins" that were seized at IGI Airport. The court's…
The IBBI Insolvency and Bankruptcy Board of India has suspended a Resolution Professional RP for "failure to issue a fresh Form G for substantial assets or a new line of business…
The NCLAT National Company Law Appellate Tribunal has ruled that proceedings under Section 7 of the IBC are not valid when the "financial creditor has already received the pending…
The AAR has ruled that there is "no GST on the printing of post-examination items" for educational institutions. This includes items like mark sheets, degree certificates, and…
The IBBI has rejected an RTI appeal seeking legal clarification on CIRP provisions, stating that the "RTI Act doesn't cover opinions." The board's ruling clarifies that its role…
The Delhi High Court has granted anticipatory bail to the director of NewsClick Studio in PMLA Prevention of Money Laundering Act proceedings, citing "prolonged investigation."…
The Punjab & Haryana High Court has directed a petitioner challenging a notice under Section 13 4 of the SARFAESI Act to "approach the DRAT Debt Recovery Appellate Tribunal ." The…
The MCA Ministry of Corporate Affairs has "broken its silence on data privacy concerns" after a newly registered company was "flooded with spam calls." The company complained that…
The IBBI has rejected an RTI appeal seeking information on DHFL insolvency payments, clarifying that the "RTI Act is not a grievance redressal mechanism." The board's stance…
The Supreme Court of India has clubbed several cases related to the District Mineral Foundation Trust DMFT into a single hearing. The court's decision to consolidate these cases…
The Chhattisgarh High Court has upheld ED attachments in a PMLA case, dismissing appeals challenging the orders of the Appellate Tribunal and Adjudicating Authority. The court's…
The income tax portal is facing an issue with the ITR filing utility, leading to concerns among taxpayers and practitioners about the impending due dates. Tax practitioners have…
The IBBI Insolvency and Bankruptcy Board of India has suspended an insolvency professional for "overlooking a conflict of interest in a resolution plan." The action underscores…
The DRAT Debt Recovery Appellate Tribunal has upheld the validity of a notice served under Rule 9 1 of the Security Interest Enforcement Rules, citing sufficient evidence. The…
The Kerala State Goods and Services Tax SGST Department has become the first in India to implement faceless adjudication for indirect tax matters. This new system is designed to…
The Income Tax Department has initiated a crackdown on the "jewellery sector over the misuse of inventory valuation rules." The department is investigating a scheme where some…
A pharmaceutical giant has won a GST case at the AAR, which ruled that the company is "eligible to claim ITC on mandatory canteen services" provided under the Factories Act. The…
The Madras High Court has questioned the "NCLT's discretion in the appointment of an Interim Resolution Professional IRP ," reaffirming the primacy of IBC provisions. The court's…
The NCLAT National Company Law Appellate Tribunal has affirmed the "Resolution Professional's RP right to terminate a lease and recover possession" during the moratorium period.…
Tripura has topped the state-wise GST collection chart, contributing to a nationwide revenue increase of 7.5% year-on-year. The strong performance by Tripura, along with other…
A Delhi court has issued a notice to Robert Vadra in an ED money laundering case. The notice is a significant development in a high-profile case that has been ongoing for years.…
The CBI has arrested an Income Tax Inspector and a middleman in a ₹70,000 bribery case in Vijayawada. The officials were caught in a trap while allegedly demanding and accepting a…
A 75-year-old senior citizen has received an income tax notice for Assessment Year AY 2014, raising concerns about the department's use of its legal powers. The notice, which…
The CESTAT has quashed a service tax demand on NIELIT, Chandigarh, ruling that "reimbursed expenses for stationery are not includible in the assessable value." The tribunal…
The ITAT has set aside a CIT E order, ruling that a Section 80G application was "rejected without independent scrutiny." The tribunal found that the rejection was based on a…
The Punjab and Haryana High Court has denied bail to an accused who allegedly scammed people by "posing as a Customs Officer." The court's decision was based on the gravity of the…
The Allahabad High Court has ruled that the "protection of the IBC is only applicable to corporate debtors and not to a person who has drawn a cheque in an individual capacity."…
The DGFT has amended its 2025 policy circular, ruling that a "transaction certificate is no longer required at the time of exporting organic textiles." This decision is a…
The Finance Ministry has notified a concessional guarantee fee of 0.1% for the National Bank for Financing Infrastructure and Development NaBFID . This reduced fee will apply to…
According to data from the Finance Ministry, only 8 convictions have been secured in 5,892 ED investigations under the Prevention of Money Laundering Act PMLA since 2015. This low…
The Securities and Exchange Board of India SEBI has mandated digital accessibility for persons with disabilities across all regulated entities. This move aims to make financial…
The Calcutta High Court has ruled that a Registrar is not in a position to make a decision on the removal of a director when the matter is "pending before the National Company Law…
India and Morocco have signed legal cooperation agreements to enable the "cross-border enforcement of judicial summons, settlements, and arbitral awards." These agreements aim to…
The Delhi High Court has permitted a Resolution Professional RP to convene a Committee of Creditors CoC meeting while NCLT proceedings are pending. The court, however, directed…
The AAR Authority for Advance Ruling has ruled in the case of Becton Dickinson India that the "time limit to avail ITC of import IGST paid via a re-assessed bill of entry is…
The Delhi High Court has clarified the adjournment rule under GST in the Tata Play case, stating that while a maximum of three adjournments are allowed, they are "not mandatory."…
GST collection for July 2025 has reached ₹1.96 lakh crore, marking a 7.5% year-on-year increase. The growth is attributed to higher domestic revenues and a significant rise in tax…
The CGST Commissionerate Mumbai West has busted a GST fraud racket involving a fake Input Tax Credit ITC network of ₹9 crore. The investigation unearthed bogus invoices of more…
Delhivery has reported a strong performance in Q1 FY26, with revenue reaching ₹2,294 crore and net profit jumping 67% year-on-year. The logistics giant's results indicate a…
Info Edge is reportedly in talks to lead a $2.5 million funding round in Ghar Mandir, a startup that provides an end-to-end service for organizing religious ceremonies. This…
Neo Group has announced the first close of its ₹2,000 crore secondaries fund, with the capital already being deployed to back five startups. The fund, which specializes in…
Blackbuck, a B2B trucking marketplace, has received a nod from IRDAI Insurance Regulatory and Development Authority of India to act as an "insurance corporate agent." This new…
The Finance Ministry has warned that banks may adopt a "risk-averse approach and slow down lending to export-oriented MSMEs." The caution comes amid a slowing global economy and…
The Enforcement Directorate ED has conducted raids on the promoters of a defaulting realty project, Ozone Urbana, in Bengaluru and Mumbai. The raids were conducted as part of a…
The Karnataka government has launched a ₹1,000 crore quantum mission to promote research and development in the field of quantum computing. This initiative, a first-of-its-kind in…
Delhivery has completed the acquisition of Ecom Express for ₹1,407 crore, and has initiated a "six-month integration plan." This merger of two of India's largest logistics players…
Sarvagram, a rural fintech startup, has reported a multi-fold increase in its net loss to ₹61 crore for FY25. The increase in losses is attributed to a significant increase in its…
The ITAT Income Tax Appellate Tribunal has upheld the rejection of a taxpayer's books of account for the "absence of a stock register and abnormal cash sales," confirming a "5%…
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