News & Judgements

The Ministry of Corporate Affairs MCA has struck off a company for "not maintaining a registered office as mandated under Section 12" of the Companies Act. Section 12 requires…

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…

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 CBDT Central Board of Direct Taxes has expanded IFSC International Financial Services Centre benefits to FPIs Foreign Portfolio Investors and OTC Over-the-Counter derivatives…

The ITAT Income Tax Appellate Tribunal has remitted a case denying Section 80G exemption to a temple, citing "only two notices and natural justice." Section 80G allows for…

The Madras High Court has upheld a GST detention order, stating that a "41 km route deviation is not justified" and indicates "malafide intention to deliver goods illegally." The…

The MCA Ministry of Corporate Affairs has responded that there are "6,988 pending IBC Insolvency and Bankruptcy Code cases" and "no proposal to increase NCLT National Company Law…

The Madras High Court has set aside a GST order for "mindless dismissal of taxpayer's submission," stating "your reply not accepted is not enough." The court emphasized that tax…

The Madras High Court has set aside a GST show cause notice SCN and remanded the matter, finding it was "issued in the name of a deceased person despite prior intimation of…

The NCLAT National Company Law Appellate Tribunal has set aside an NCLT order that allowed a "time-barred claim in a voluntary liquidation process." The tribunal reiterated the…

In a significant ruling, the Delhi High Court has "read down a CBDT circular No. 13/2014 " concerning the "taxation of Category III Alternative Investment Funds AIFs ." This…

The Gujarat High Court has reduced a "200% penalty on an expired e-way bill for zero-rated export to UAE" to ₹25,000. The court recognized that while there was a technical…

The NCLAT National Company Law Appellate Tribunal has allowed UCO Bank's plea for a Corporate Insolvency Resolution Process CIRP extension, justifying it due to "judicial delays."…

The NCLAT National Company Law Appellate Tribunal has cleared ICICI Bank of wrongdoing, reversing an NCLT order that directed a refund of a loan payment received during…

The government has appointed "Parshant Kumar Goyal as a part-time member of PFRDA Pension Fund Regulatory and Development Authority ." This appointment signifies a strategic move…

The Madras High Court has quashed an attachment order, ruling that the "Income Tax Dept has no statutory power to cancel sale deeds." The court clarified that the Income Tax Act…

The Delhi High Court has directed the release of a "115g gold chain" that was "detained without issuance of an SCN Show Cause Notice under the Customs Act," ruling it as "bona…

The Madras High Court has quashed a GST order, deeming it "unsustainable" because it was "passed in the name of the wrong entity despite mentioning the correct GSTIN." The court…

The MCA Ministry of Corporate Affairs has mandated "office photographs with signboard and geotagging" for annual company filings. This new requirement aims to enhance transparency…

The Gujarat High Court has ruled that "cross-examination of summons/arrest memo issued by GST officers is not allowable." This decision implies that individuals cannot typically…

The Karnataka High Court has set aside an "IGST Integrated Goods and Services Tax demand," ruling that a "secondment arrangement does not give rise to any tax liability." A…

The CBIC Central Board of Indirect Taxes and Customs has issued a "corrigendum to extend anti-dumping duties on LAB Linear Alkyl Benzene beyond Iran and Qatar." This amendment…

The IFSCA International Financial Services Centres Authority has notified the "IFSCA Procedure for Making Regulations and Subsidiary Instructions Regulations, 2025." These new…

The CBI has nabbed an "Assistant Director IRS of the Income Tax Department and two others red-handed while accepting a ₹2 lakh bribe." This incident underscores ongoing efforts by…

The Madras High Court has dismissed the Revenue's appeal, ruling that "reopening beyond 4 years is invalid if material facts disclosed." The court reaffirmed that under Section…

The Calcutta High Court has set aside an "Income Tax order" and remanded the matter to "NFAC National Faceless Assessment Centre ," citing "denial of hearing despite prior…

UK-origin cars are set to become "cheaper in India as import tariffs will drop to 10% via the FTA Free Trade Agreement with India," potentially including luxury brands like…

The Madras High Court has directed authorities to act on an exporter's grievance regarding "duty drawback and RoDTEP Remission of Duties and Taxes on Exported Products claims…

The Madras High Court has quashed a "drawback demand," as the "exporter was not properly heard," and has ordered "reconsideration," directing the exporter to submit "BRCs Bank…

The Supreme Court has restored a "cheque dishonour case," ruling that "partners can be prosecuted even without naming the firm." This decision clarifies the legal position…

A CBI court has sentenced a "former Senior Accountant of the Postal Department to two years" of rigorous imprisonment for "forgery and cheating both the Centre and State…

Nitin Gupta, IRS, has been appointed "Chairperson of NFRA National Financial Reporting Authority ." He previously served as Chairman of the CBDT Central Board of Direct Taxes and…

The Supreme Court has condemned Indian Oil Corporation Limited IOCL for "arbitrary denial of kerosene supply to a firm," ruling that there is "no automatic dissolution on a…

The ITAT Income Tax Appellate Tribunal has held that a trust can maintain its "charitable nature for Section 80G approval" even if a "religious activity is struck down in its…

The ITAT Income Tax Appellate Tribunal has quashed an assessment order, ruling that "mere upload of notice in Income Tax Portal is not a valid service" without a "real-time…

CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that "CENVAT credit on sales commission paid to agents is admissible." The tribunal observed that sales…

CESTAT Customs, Excise, and Service Tax Appellate Tribunal has remanded a case for "reinvestigation," citing a "half-hearted investigation by DRI Directorate of Revenue…

India and the UK have signed a "historic multi-billion dollar Free Trade Agreement FTA ," aiming to enhance bilateral trade to $120 billion by 2030. The agreement, formalized in…

Finance Minister Nirmala Sitharaman has directed the "CBDT Central Board of Direct Taxes to withdraw low-value tax appeals within three months." This strategic directive aims to…

The Income Tax Bill, 2025, aims to cut the "word count by 50%" without any "change in tax rates," according to Baijayant Panda. The bill, which replaces the existing Income-tax…

The Finance Ministry has stated "no to IBC Insolvency and Bankruptcy Code loan waiver exemption in the Income Tax Bill, 2025." This implies that any waiver or reduction of loans…

The CBDT Central Board of Direct Taxes has granted approval to "IQRAA International Hospital And Research Centre" for "scientific research contributions" under Section 35 1 ii of…

The Centre has settled GST Goods and Services Tax compensation dues for "all states except Arunachal Pradesh and Manipur," where figures are still being verified. This move aims…

The CBDT Central Board of Direct Taxes has approved "Gitarthganga Trust" for tax deduction under Section 35 1 iii of the Income Tax Act, allowing 100% tax deduction on donations…

The Madras High Court dismissed a petition but allowed an appeal to be filed, acknowledging the "proprietor's health" as a reason for "delay in filing GST appeal." While the…