News & Judgements

The Madras High Court granted an importer an "opportunity for hearing" regarding the "provisional release of goods under Section 110A of the Customs Act." Section 110A allows for…

The Madras High Court has ordered Customs to "decide representation promptly," as "no SCN Show Cause Notice was issued post seizure of goods." The court observed that goods were…

The Allahabad High Court found a "prima facie case" of "wrongful invocation of GST Section 73 instead of Section 74," restraining "coercive recovery." The court noted that the tax…

The Allahabad High Court set aside a GST appeal rejection order on registration cancellation that was passed "without reasons," reiterating that "quasi-judicial orders must be…

The Bombay High Court ruled that "Section 44 1C of PMLA Prevention of Money Laundering Act is applicable after the jurisdictional court has taken cognizance of scheduled…

The Madras High Court allowed an assessee "liberty to file a GST appeal despite delay," finding that "admitted liability auto-selection on the GST portal misled the assessee." The…

The Madras High Court declined the "immediate return" of a "Malaysian national's ₹4 lakh Indian currency seized," ordering Customs to "follow due process in 8 weeks." The court…

The DGFT Directorate General of Foreign Trade has "extended the deadline on application for export of pharma-grade sugar." This extension provides additional time for exporters of…

The Allahabad High Court quashed a penalty and directed a refund with 4% interest, ruling that a "clerical error in an e-way bill is not tax evasion." The court observed that a…

The NCLAT National Company Law Appellate Tribunal allowed "CIRP Corporate Insolvency Resolution Process withdrawal after lenders agreed to a government-backed revival plan." This…

The NCLT Chandigarh ruled that an "allottee does not cease to be a financial creditor on the ground of being a speculative investor." The tribunal clarified that under the…

The NCLT Guwahati ruled that "prior approval of the adjudicating authority before initiating legal proceedings against any party under Section 33 5 is mandatory." Section 33 5 of…

The NCLT Chandigarh, exercising its "inherent power" under "Rule 11 of NCLT Rules, 2016," permitted the "withdrawal of voluntary liquidation despite the absence of a specific…

The Bombay High Court has directed the "GST Council and GST Network to develop a mechanism for cross-state ITC Input Tax Credit transfer in mergers/amalgamations." The court…

The Income Tax Appellate Tribunal ITAT rejected the Congress Party's appeal to exempt "₹199.15 crore" from income tax, citing "belated filing of return" and violation of cash…

The Kerala High Court granted "regular bail to a police official accused of demanding a ₹2,000 bribe." The Senior Civil Police Officer was arrested under the Prevention of…

The Orissa High Court acquitted two individuals in a "2017 triple murder case," setting aside their death sentences. The court found insufficient evidence to uphold the…

The Karnataka High Court ruled that Bengaluru's "Century Club is a public authority under the Right to Information RTI Act." The court's decision is based on the fact that the…

The Himachal Pradesh High Court ruled that an "insurance company cannot deny compensation citing invalid employer-employee relationship between family members without evidence."…

The PMLA Appellate Tribunal has confirmed the Enforcement Directorate's ED attachment of "Chanda Kochhar's assets in the Videocon loan case." The tribunal found a "prima facie…

The Punjab and Haryana High Court commuted the death penalty of a man who "raped his minor daughter to 30 years imprisonment." While upholding the conviction for the heinous…

The Income Tax Appellate Tribunal ITAT rejected Congress' appeal against a "₹199 crore tax assessment," reiterating its earlier stance. The assessment was upheld primarily due to…

Milky Mist, a dairy company, reported "₹2,349 crore revenue in FY25," with its "profit jumping over 2.4 times." The company's revenue from operations grew by 29% from ₹1,822 crore…

Paytm reported a revenue of "₹1,918 crore and a net profit of ₹123 crore in Q1 FY26." The fintech firm's unaudited quarterly report shows a 28% year-on-year increase in revenue…

Composio, an agentic AI startup, has raised "$25 million in Series A funding led by Lightspeed Venture Partners." The round saw participation from various other investors,…

The Jammu & Kashmir High Court denied pre-arrest bail to a "retired army man accused in a ₹6 crore crypto fraud." The court considered the gravity of the alleged offense, which…

The Madras High Court ruled that "second-hand digital MFDs Multi-Function Devices qualifying as highly specialized equipment are freely importable and eligible for provisional…

CESTAT Customs, Excise, and Service Tax Appellate Tribunal dismissed Mittal Corp's appeal despite CIRP Corporate Insolvency Resolution Process proceedings, upholding excise duty…

CESTAT Customs, Excise, and Service Tax Appellate Tribunal set aside an order denying CENVAT credit for "non-manufacture activity," ruling that "duty was paid on all goods." The…

Reliance Communications' loan has been flagged as "fraud" by SEBI Securities and Exchange Board of India , and SBI State Bank of India is "set to complain to CBI," as per a Lok…

The Central Government, through the RBI, has eased "gold loan norms for small borrowers," providing relief to "farmers and MSMEs Micro, Small, and Medium Enterprises " under new…

Bank frauds in India have declined by "61% in FY 2024-25," as confirmed by the Finance Ministry in a Lok Sabha answer, attributing the fall to RBI's strengthened KYC and…

The ITAT Income Tax Appellate Tribunal allowed Genpact to exclude "telecom and training receipts from total turnover under Section 10AA," as they were "already excluded from…

The Ministry of Finance confirmed in Lok Sabha that "India's external debt has risen 10% to $736.3 billion." This increase in the nation's external borrowings indicates growing…

The Bombay High Court ruled that "offenses under the Bharatiya Nyaya Sanhita BNS qualify as scheduled offenses under PMLA Prevention of Money Laundering Act , even without formal…

In a relief for Indigo, the ITAT Income Tax Appellate Tribunal upheld the deletion of a "₹11.05 crore disallowance under Section 37," as the AO's Assessing Officer "final…

The Select Committee has approved "digital access for income tax officers, including social media and emails," as per its report on the Income Tax Bill. This significant…

IndiQube, a managed workspace provider, has successfully raised "₹374 crore approximately $44 million from anchor investors" ahead of its "₹700 crore IPO." The anchor book saw…

IdeaForge, a drone manufacturer, reported an "85% nosedive in revenue to ₹12.78 crore in Q1 FY26," incurring a net loss of "₹21.7 crore." This sharp decline is attributed to a…

OpenAI and Oracle have partnered to develop "4.5 gigawatts GW of additional 'Stargate' data center capacity" in the US, bringing OpenAI's total Stargate AI data center capacity…

Milky Mist Dairy Food has filed its Draft Red Herring Prospectus DRHP for a "₹2,035 crore IPO," with a fresh issue of "₹1,785 crore and an offer-for-sale of ₹250 crore by…

Eternal, Zomato's parent company, saw its "shares jump 12% to ₹299," hitting a "2025 peak," driven by "70% year-on-year revenue growth in Q1," primarily from Blinkit's robust…