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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 Delhi High Court has stated that "fraudulent ITC claims severely harm the GST system" and "writ jurisdiction should be used sparingly" in such cases. The court observed that…
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…
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…
The ITAT Income Tax Appellate Tribunal remanded a ₹2.87 lakh "unexplained cash deposit addition under Section 69A to CITA Commissioner of Income Tax - Appeals ," citing…
The Enforcement Directorate ED has summoned tech giants Google and Meta for questioning on July 21 in connection with an ongoing probe into illegal online betting apps and alleged…
Pocket FM, an audio entertainment platform, has significantly cut production costs by using proprietary AI systems, generating over 50,000 AI-generated shows. The company reported…
The Directorate of Revenue Intelligence DRI in Bengaluru has intercepted a passenger arriving from Doha and seized over 4kg of cocaine, valued at ₹40 crore, cleverly concealed…
IPO-bound Aequs, an aerospace components manufacturer, has secured INR 128 crore via a rights issue. This funding comes as the company prepares for its initial public offering,…
Crypto exchange CoinDCX confirmed a security breach resulting in approximately $44 million being stolen from one of its internal operational accounts. The hack occurred early…
The Delhi High Court has set aside a CBI order directing a Bentley dealer to furnish a ₹50 lakh demand draft, ruling that Section 91 CrPC cannot compel the creation of a demand…
The Supreme Court has stated that Asian Paints is a "victim" and can appeal against the acquittal of a fake paint seller. The apex court clarified that the term "victim" under the…
The Supreme Court has reiterated that a contract clause stating that disputes "may be referred to arbitration" does not constitute a binding arbitration agreement. The court…
The Delhi High Court has restrained Zydus from manufacturing a biologic similar to Nivolumab, a cancer drug, citing patent infringement. This interim injunction was granted in a…
The Madras High Court has reiterated that the "ED Enforcement Directorate is not a super cop to investigate everything" and can only initiate action upon a predicate offense and…
CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that "loose sheets and private diaries are not sufficient evidence for an excise duty demand." The tribunal…
The Supreme Court has ruled that liquor manufacturers are liable for entry tax under the MP Entry Tax Act, holding that they "cause entry" of liquor into local areas. The apex…
The Delhi High Court has clarified that a notice under Section 153C of the Income Tax Act can be issued only if "incriminating material has a bearing on the total income of the…
The NCLAT National Company Law Appellate Tribunal has closed the CIRP Corporate Insolvency Resolution Process against Grand Reality using its inherent powers, upon "handover of…
The NCLT National Company Law Tribunal Mumbai bench has ruled that a "petition under Section 7 of IBC is not maintainable for non-return of an expired, uninvoked bank guarantee…
The NCLT National Company Law Tribunal Mumbai bench has held that "pledged shares held by a corporate debtor in a subsidiary are its assets and cannot be invoked during CIRP due…
The NCLT National Company Law Tribunal Mumbai bench has ruled that "amounts reflected in a corporate debtor's records can't be rejected even if no formal claims are filed before…
The NCLT National Company Law Tribunal Mumbai bench has held that the "Adjudicating Authority is mandated to pass a liquidation order under Section 33 4 of IBC upon breach of a…
The NCLT National Company Law Tribunal Bengaluru bench has ruled that "set-off of a fixed deposit against an overdraft based on a pre-CIRP contract does not violate Section 14 of…
The NCLAT National Company Law Appellate Tribunal Chennai bench has ruled that a "procedural direction to file an affidavit on ledger accuracy is not appealable under Section 61…
The NCLAT National Company Law Appellate Tribunal Chennai bench has held that the "ratification of IRP Interim Resolution Professional fees by CoC Committee of Creditors can be…
The Delhi High Court has ruled that "arbitration cannot be restricted to specific respondents" if the agreements form part of a "single commercial transaction." This decision…
CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that "no service tax is leviable on construction services provided to a semi-government firm." The tribunal…
The Delhi High Court has reduced a fine to ₹1 lakh for former company directors over the non-filing of financial documents, despite "no proof of resignation." The directors were…
The ITAT Income Tax Appellate Tribunal has ruled that "demonetized notes received from disclosed debtors cannot be treated as unexplained cash." In a case involving cash deposits…
The ITAT Income Tax Appellate Tribunal has allowed a ₹1.253 lakh claim for 80P deduction, holding that "interest from cooperative banks is eligible for 80P deduction," treating…
The ITAT Income Tax Appellate Tribunal has remitted a Section 68 matter for fresh adjudication, holding that the Assessing Officer AO made a "one-sided addition without examining…
The ITAT Income Tax Appellate Tribunal has dismissed an income tax appeal with a 477-day delay, ruling that "gross negligence of an accountant is not a ground for condonation."…
The MCA Ministry of Corporate Affairs has imposed a penalty on a company and its directors for "failing to maintain an active registered office" as mandated under Section 12 of…
The ICSI Institute of Company Secretaries of India has advised "uploading MGT-8 certification as optional attachment in Form MGT-7 on MCA V3 portal." Following recent amendments…
The ITAT Income Tax Appellate Tribunal has directed the Assessing Officer AO to "verify documents for incomplete analysis of unsecured loans." The tribunal observed that the AO…
The ITAT Income Tax Appellate Tribunal has upheld "depreciation deduction as capital expenditure for expenditure incurred on leasehold premises," satisfying the test of ownership.…
The Madras High Court has quashed "reassessment notices issued by a JAO Jurisdictional Assessing Officer instead of an FAO Faceless Assessing Officer ," but permits revival after…
The MCA Ministry of Corporate Affairs has ordered the "strike-off of a company for failing to file the declaration of commencement of business" under Section 10A of the Companies…
India has extended "anti-dumping duty ADD on Aniline imports originating from China" for another five years. The Ministry of Finance issued a notification confirming the…
The MCA Ministry of Corporate Affairs has imposed a penalty on a company and its directors for "non-appointment of a Company Secretary under Section 203 of the Companies Act." The…
The Gauhati High Court has quashed a "summary of SCN Show Cause Notice and Section 74 order," ruling that a summary is not a substitute for a proper show cause notice. The court…
The Madras High Court has directed an assessee to "pay 5% pre-deposit from ECR for final hearing opportunity," after their failure to attend previous hearings. In a case where the…
The ITAT Income Tax Appellate Tribunal has remanded a case for a "₹9 lakh cash deposit addition, allowing one more opportunity for production of documentary evidence." The…
The Gauhati High Court has permitted "GST registration restoration if assessee files pending returns and pays full dues," addressing delays in revocation applications. The court…
The ITAT Income Tax Appellate Tribunal has upheld the deletion of a ₹1.173 crore unexplained cash credit addition, citing the AO's reliance on unverified STR information. The…
The Uttarakhand High Court has directed the GST Authority to consider a "GST registration revocation plea if dues are cleared," even if cancellation was for non-filing of returns.…
The NCLAT National Company Law Appellate Tribunal has quashed the admission of a homebuyers' insolvency plea, holding that the "Section 7 application is deemed withdrawn under the…
The CBDT Central Board of Direct Taxes has notified income tax exemption for the Andhra Pradesh Pollution Control Board APPCB on select revenue streams. This exemption, granted…
The Patiala House Court has granted bail on a ₹2 lakh bail bond to an accused in a ₹17 crore GST ITC scam, citing over 24-hour detention and other irregularities. 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…
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