Sorted by Latest
Sumer Juneja and Anand Daniel have resigned from the "Swiggy board," while "Faraz Khalid has joined." Juneja and Daniel represented Swiggy's early investors, highlighting a shift…
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…
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…
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…
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…
Sumer Juneja and Anand Daniel have resigned from the "Swiggy board," while "Faraz Khalid has joined." Juneja and Daniel represented Swiggy's early investors, highlighting a shift…
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 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…
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 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 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…
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 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 government has appointed "Economic Affairs Secretary Anuradha Thakur to the RBI Reserve Bank of India board." This significant appointment brings a senior bureaucratic…
Four individuals in Pune have collectively lost "₹1.25 crore" after being "lured into earning high returns in the stock market" through a fraudulent scheme. The victims were…
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 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 Delhi High Court dismissed an income tax appeal involving a "₹25 lakh loan from an unverified entity," citing "lack of genuineness and creditworthiness." The court upheld the…
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 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 IFSCA International Financial Services Centres Authority has notified the "IFSCA Procedure for Making Regulations and Subsidiary Instructions Regulations, 2025." These new…
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…
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 NCLT National Company Law Tribunal , Mumbai, has ruled that the "Adjudicating Authority is not empowered to direct realization of security interest under Section 52 5 of IBC…
Tata 1mg, the e-pharmacy and healthcare platform, saw its revenue approach "₹2,400 crore in FY25 while significantly trimming its losses." This financial performance indicates…
The government has blocked "Ullu, ALTT formerly ALTBalaji , and 23 other OTT Over-The-Top apps for explicit content," citing violations of Indian content regulations. This action…
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…
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…
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 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 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…
Angel One, a leading fintech platform, has partnered with Singapore's LivWell backed by Olympus Capital to launch a digital-first life insurance company in India. This joint…
KickCash, a rewarded UA User Acquisition space startup, has "crossed $1 million ARR Annual Recurring Revenue in India" and is now "eyeing the rewarded UA space in developed…
Shadowfax, a logistics and delivery startup, is set to raise "₹2,000 crore via an IPO Initial Public Offering ," comprising a "fresh issue and offer-for-sale OFS of ₹1,000 crore…
The CBDT Central Board of Direct Taxes has granted "income tax exemption to Andhra Pradesh and Puducherry Building and Other Construction Workers Welfare Board." This exemption,…
The IFSCA International Financial Services Centres Authority has notified "new regulations for TechFin and ancillary services in IFSC." These regulations aim to establish a…
The CBIC Central Board of Indirect Taxes and Customs has issued an "important alert" regarding "fake GST violation notices," directing taxpayers to "report suspicious documents."…
The Punjab and Haryana High Court directed "fresh adjudication," ruling that a "delay of 4 months in filing a GST appeal cannot be rejected merely on the ground of time-barred."…
The Madras High Court ordered "reconsideration" after Customs incorrectly "classified animal feed as edible nuts," leading to an "onerous bank guarantee" for import. The court…
Lifestyle Equities has challenged the "stay on a ₹340 crore arbitration award against Amazon before the Supreme Court." The dispute stems from an arbitration award granted in…
Myntra has been booked by the ED Enforcement Directorate over a "₹1,654 crore FDI Foreign Direct Investment violation case." The investigation focuses on allegations that the…
SEBI Securities and Exchange Board of India has released "FAQs Frequently Asked Questions on Research Analyst Regulations and Compliance Norms." This initiative aims to provide…
The Madras High Court has directed Britannia Industries Limited to "approach the appellate authority" regarding a "GST classification dispute over flavoured milk." Britannia…
The Punjab and Haryana High Court directed "fresh adjudication," ruling that a "delay of 4 months in filing a GST appeal cannot be rejected merely on the ground of time-barred."…
Muthoot Finance has received a "GST demand over a corporate guarantee" it provided. This indicates that tax authorities are scrutinizing transactions involving corporate…
The ITAT Income Tax Appellate Tribunal has slammed the CPC Centralized Processing Centre for "erroneous disallowance of HRA House Rent Allowance exemption for salaried employees."…
The CBDT Central Board of Direct Taxes has granted "income tax exemption to Moradabad Development Authority under Section 10 46A ." This exemption, effective from Assessment Year…
The Supreme Court has ruled that the "Limitation Act does not apply to conciliation proceedings" under Section 18 2 of the MSMED Act, allowing "conciliation of time-barred…
The ITAT rejected a "cable operator's plea" and upheld a "₹5.2 lakh income addition from seized records." During a search operation, seized diaries and notebooks revealed…
Sumer Juneja and Anand Daniel have resigned from the "Swiggy board," while "Faraz Khalid has joined." Juneja and Daniel represented Swiggy's early investors, highlighting a shift…
Showing 50 of 42930 updates