News & Judgements

TVS has maintained its lead in two-wheeler EV sales in July, with Ather Energy narrowing the gap with market leader Ola Electric. This competitive shift signals an evolving market…

Powerplay, a construction management software platform, has reportedly seen its valuation halved in a fresh funding round. This significant "down round" signals a cautious…

The Bombay High Court has ruled that the "sale proceeds of one house used for the purchase of multiple residential houses qualifies for a tax exemption under Section 54 1 ." This…

The NCLT National Company Law Tribunal , Hyderabad, has ruled that a petition under Section 9 of the IBC is not admissible in the "absence of any payment received by the corporate…

The CESTAT has ruled that "service tax cannot be levied on the transfer or assignment of copyright of a film" produced under copyright service. The tribunal clarified that the…

The ITAT has ruled that a reassessment after four years is "legally bad" if it's based on the "same set of facts that were already available during the original assessment." The…

The CESTAT has set aside the revocation of a customs broker's license, ruling that the "proceedings violated mandatory timelines" under the Customs Brokers Licensing Regulations…

The ITAT has remanded a capital gains dispute back to the Assessing Officer AO after finding that the revenue department committed a legal oversight. The tribunal found that the…

The ITAT has ruled that "broadband and bandwidth charges are not a royalty," dismissing the revenue department's claim for TDS. The tribunal's decision clarifies that payments…

The ITAT has ruled that interest on enhanced compensation is "contingent, not taxable under Section 56 2 viii of the Income Tax Act." The tribunal found that such interest becomes…

The ITAT has granted relief to an NRI assessee in a long-term capital gains dispute, ruling that "indexation should be from the date of the agreement, not possession." The…

The Finance Ministry has updated the customs tariff values for several key commodities, including palm oil, soybean oil, gold, silver, and areca nuts. The government periodically…

The Kerala High Court has ruled that a DRT Debt Recovery Tribunal cannot reject a "consolidated plea by tenants" under the SARFAESI Act. The court found that the tenants had a…

The CESTAT has ruled that "Mobile Value Added Services MVAS to telephone service providers are classified as OIDAR Online Information and Database Access or Retrieval services,…

A cybersecurity issue has halted virtual hearings at the NCLT National Company Law Tribunal in Kolkata, causing significant disruptions. This incident highlights the growing…

A trial court has convicted Prajwal Revanna, the former MP, in a rape case. The conviction is a major development in a high-profile case that had garnered national attention.…

The Kerala High Court has granted anticipatory bail to rapper Vedan, who was accused of sexual harassment by multiple women on social media. The court's decision was based on the…

The Gujarat High Court has granted bail to Mahesh Langa in a money laundering case, citing that he had been in custody for an extended period. The court's decision was based on…

The Karnataka High Court has dismissed a plaint legal complaint after a finding that the proceedings were already "pending before the NCLT National Company Law Tribunal ." The…

The Enforcement Directorate ED has reportedly summoned Reliance chairman Anil Ambani for questioning in a ₹10,000 crore loan fraud and money laundering probe. The investigation is…

The Orissa High Court has dismissed a writ petition filed beyond the condonable period under the GST Act. The court emphasized that it cannot extend the limitation period beyond…

The ITAT has deleted a ₹3 crore addition made on cash deposits during demonetization, upholding a gold jewellery firm's sales as genuine. The tribunal found that the firm was able…

The CESTAT has remanded a case back to the DRI Directorate of Revenue Intelligence for reinvestigation, citing a "half-hearted investigation" into the "genuineness of a…

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 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 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…

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 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 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 Delhi High Court has ruled that an application for the extension of the time period for passing an arbitral award is "maintainable even after the expiry of the month." The…

The Delhi High Court has ruled that a "civil suit is not maintainable against an arbitral award." The court emphasized that the Arbitration and Conciliation Act provides a…

The Kerala High Court has ruled that a writ petition is "maintainable despite a remedy under the IBC if the NCLT order is passed in violation of natural justice." The court carved…

The NCLT National Company Law Tribunal , New Delhi, has ruled that an adjudicating authority can pass an order under Section 114 of the IBC based on a "Resolution Professional's…

The Delhi High Court has quashed a sexual harassment FIR against an employer but ordered him to do "six months of community service at a government hospital." The court's decision…

The Finance Ministry has introduced a "premature termination clause" in the Customs & Excise Settlement Commission Rules. This new provision grants the Settlement Commission the…

The ITAT has upheld an addition for "unexplained credit," citing a "retraction of statements and documentary evidence." The tribunal noted that the taxpayer had initially…

The ITAT has quashed a CIT A order, ruling that an income tax computation without "brought forward business losses and unabsorbed depreciation" is invalid. The tribunal emphasized…

The CESTAT has set aside an enhanced penalty on Visa Steel Ltd., restoring the original ₹20,000 fine. The tribunal found that the delay in the process was not attributable to the…

The AAR Authority for Advance Ruling has ruled that "no GST is applicable on printing of pre-examination items" such as hall tickets, question papers, and answer booklets for…

The AAR Authority for Advance Ruling has ruled that "no GST is applicable for rice husk boards," rejecting a company's classification under the "wood" chapter. The ruling was…