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Fino Payments Bank has reported a "27% decline in Q1 profit to ₹17.7 crore." This indicates a challenging quarter for the payments bank, despite a marginal increase in total…
The Delhi High Court has "slammed a PSU Public Sector Undertaking for filing a civil suit to set aside an arbitral award that had already been upheld by the Supreme Court." The…
Freshworks has reported a strong performance in Q2 CY25, posting "$205 million in revenue" and significantly "cutting losses by 80%." The SaaS Software as a Service company's…
The NCLT National Company Law Tribunal , New Delhi, has ruled that "operational debt can't be converted into financial debt by execution of subsequent agreement between parties."…
The Supreme Court has allowed an "open court hearing of review petitions against the rejection of JSW's resolution plan for Bhushan Power & Steel." This is a rare occurrence, as…
The Calcutta High Court has quashed a Section 73 order under GST, where the "SCN reply was filed beyond time limit but before disposal of proceedings." The court emphasized that…
CESTAT Customs, Excise, and Service Tax Appellate Tribunal has granted relief to BHEL Bharat Heavy Electricals Limited , ruling that "reimbursed freight charges are not taxable as…
The NCLAT National Company Law Appellate Tribunal has refused to interfere in a liquidation process, dismissing an appeal filed by the suspended director. This decision…
The Supreme Court has "junked Zostel's appeal against the Delhi High Court order" in its long-standing dispute with OYO. This decision brings a degree of finality to the…
Vahan AI, an AI-powered job matching platform, has secured a "strategic investment from Temasek's Lemmatree and acquired L-earn." This dual development indicates Vahan AI's…
The MCA Ministry of Corporate Affairs has penalized a company and its directors for "violation of Section 12 of the Companies Act." Section 12 mandates that every company must…
The Madras High Court has called out a "clear violation of natural justice" after a GST order was "passed just one day before the personal hearing date." The court emphasized that…
The Madras High Court has restored a GST appeal after an "auditor mistakenly mentioned the wrong assessment year AY while withdrawing the appeal to opt for an amnesty scheme." The…
The Delhi High Court has held "prima facie existence of arbitration agreement based on exchanges between parties," allowing Vedanta's plea for arbitration. This decision…
The NCLAT National Company Law Appellate Tribunal has ruled that "no protection under an unregistered sale agreement" but the "claim must be admitted under IBC liquidation…
The NCLAT National Company Law Appellate Tribunal has rejected a suspended director's challenge to the Corporate Insolvency Resolution Process CIRP , asserting "timely resolution…
The ITAT Income Tax Appellate Tribunal has ruled that "disallowance under Section 14A cannot be added back while computing book profits under Section 115JB MAT of the Income Tax…
The NCLAT National Company Law Appellate Tribunal has ruled that there will be "no finality on liquidator removal until voting rights issue settled." This decision highlights a…
The NCLAT National Company Law Appellate Tribunal has closed a "CIRP Corporate Insolvency Resolution Process in a rare court-monitored insolvency after flat possession was given…
The ITAT Income Tax Appellate Tribunal has deleted "₹5.95 crore additions" made by CPC Centralized Processing Centre related to "exempt income and disallowances," citing…
The RBI Reserve Bank of India has issued "new directions on AIF Alternative Investment Fund investments by banks and NBFCs." These directions likely aim to further regulate and…
The ITAT Income Tax Appellate Tribunal has granted relief under the "India-UAE DTAA Double Taxation Avoidance Agreement ," ruling that "income from a revocable trust is taxable in…
The Orissa High Court has overridden an appellate remedy and remitted an order due to "double taxation of income already offered to tax in a subsequent assessment year." The court…
CESTAT Customs, Excise, and Service Tax Appellate Tribunal has provided relief to BPL Ltd., ruling that "payment received from JVA Joint Venture Agreement as pure reimbursement…
The Haryana RERA Real Estate Regulatory Authority has held "3 years to be a reasonable time for filing complaints," dismissing a homebuyer's complaint against Emaar. This ruling…
The Delhi High Court has held that "civil courts are not prohibited from granting anti-arbitration injunction in foreign-seated arbitration if proceedings are vexatious and…
The Supreme Court has clarified that "disputes arising out of work contracts with MP Govt instrumentality shall be referred to MP Arbitration Tribunal." This ruling reinforces the…
The Bombay High Court has ruled that the "procedure of remitting proceedings back to the same arbitrator under Sections 33 and 34 4 of the Arbitration and Conciliation Act could…
The ITAT Income Tax Appellate Tribunal has overridden a Single Bench decision, ruling that the "assessee's off-market share purchase by cheque differs materially from facts relied…
The ITAT Income Tax Appellate Tribunal has remanded a "penalty matter," directing the AO Assessing Officer to "give effect to the quantum appeal before deciding." This means that…
The ITAT Income Tax Appellate Tribunal has ruled that "mere disagreement with the AO's Assessing Officer's view doesn't justify revision under Section 263." Section 263 allows the…
The government has issued 5,892 Authorized Economic Operator AEO certificates as of June 2025 to streamline and secure international trade. The AEO program certifies entities…
The ICAI Institute of Chartered Accountants of India has officially notified a "new tax audit cap of 60 assignments per CA partner from AY 2026-27." This regulatory change aims to…
The ITAT Income Tax Appellate Tribunal has granted an assessee "one more opportunity to substantiate claims regarding Section 69A in the interest of justice." Section 69A deals…
CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that "land lease with a one-time premium is a sale of immovable property, not a taxable service." This crucial…
The Income Tax Department has released Excel utilities for filing updated returns ITR-U for Assessment Year AY 2021-22 and 2022-23 for ITR-1 and ITR-2. This provides taxpayers…
The Institute of Chartered Accountants of India ICAI has officially limited the number of tax audit assignments per CA partner to 60, effective from FY 2026-27 AY 2027-28 . This…
The Income Tax Department has clarified that there will be "no change in Long-Term Capital Gains LTCG tax rates in the Income Tax Bill 2025." This statement provides crucial…
The government has clarified in Lok Sabha that an 18% GST is fixed on User Development Fees UDF charged by airlines. This clarification addresses ambiguities regarding the…
The ITAT Income Tax Appellate Tribunal has allowed exemption under Section 10 23C to a temple, holding that a "67-day delay in filing Form 10BB is not fatal." Section 10 23C…
The Calcutta High Court has ruled that an Appellate Authority AA "can allow additional evidence for fair disposal of a GST appeal, even if rule conditions are not met." This…
The Madras High Court has directed Customs authorities to consider a representation under Section 68 of the Customs Act for the clearance of imported dry cashew nuts involved in a…
A drunk CGST Central Goods and Services Tax clerk in Nagpur has been accused of selling "sensitive tax files as scrap for ₹5,000." This alarming incident represents a severe…
CESTAT Customs, Excise, and Service Tax Appellate Tribunal has allowed "concessional duty benefit on aluminium-based laminates used in MCPCBs Metal Core Printed Circuit Boards ."…
The ITAT Income Tax Appellate Tribunal has granted an opportunity to an assessee to "substantiate cash deposit and property purchase," after the "notice was issued in a wrong…
CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that "CENVAT credit on sales commission to agents is admissible." This decision clarifies that commission paid…
The ITAT Income Tax Appellate Tribunal has invalidated a "reassessment notice issued after 5 years," citing "non-compliance with amended provisions of Section 148A and Section…
The "One Big Beautiful Bill Act" is a term used to describe high-stakes tax cuts, spending shifts, and policy earthquakes shaping America's future. This refers to comprehensive…
The Delhi High Court has directed a petitioner to file objections towards an NFRA National Financial Reporting Authority show-cause notice regarding "professional misconduct…
The RBI Reserve Bank of India has released a "draft master direction on digital banking channels authorisation," inviting comments from the public and stakeholders. This…
Fino Payments Bank has reported a "27% decline in Q1 profit to ₹17.7 crore." This indicates a challenging quarter for the payments bank, despite a marginal increase in total…
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