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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 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 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 upheld a CAT Central Administrative Tribunal order "quashing lists for Tax Assistant promotion based on skill test date." The CAT had found that the…
The Delhi High Court has set aside an income tax reassessment order for "lack of jurisdiction," as it was initiated during pending assessment proceedings. The court ruled that…
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…
The Delhi High Court has reduced the security required for the release of imported areca nuts to a ₹1 crore bond and ₹25 lakh bank guarantee, finding "onerous conditions imposed"…
SEBI has renewed the "clearing corporation recognition of MCXCCL Multi Commodity Exchange Clearing Corporation Ltd. Mumbai for 3 years." This renewal, granted under the Securities…
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 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 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…
The Madras High Court has set aside a GST order imposing penalty under Section 74 without granting a hearing opportunity, citing a violation of natural justice. Section 74 deals…
The Delhi High Court has ruled that an "appeal related to service taxability must be filed before the Supreme Court under Section 35L of CEA." The court clarified that disputes…
The Allahabad High Court has rejected the bail plea of an accused involved in a scam where "2,600 firms were formed using forged GST numbers to defraud the state." The court…
The Securities Appellate Tribunal SAT has dismissed a plea seeking a stay on Smartworks' IPO. This decision clears the path for Smartworks Coworking Spaces Ltd., a leading…
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 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 ruled that disputes over time-barred debts of Micro and Small Enterprises MSEs can be referred to conciliation but not arbitration. The court clarified that…
Jio Financial Services Ltd. JFSL and Allianz Group are set to form a 50:50 domestic reinsurance joint venture. This partnership will leverage Jio Financial's local expertise and…
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…
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…
Telangana RERA has taken action against Bhuvanteza, imposing a ₹6.45 lakh fine for selling an unregistered project and ordering refunds with interest. This move by the Telangana…
India's IPO market demonstrated resilience in the first half of 2025 Jan-Jun , raising $4.6 billion across 108 deals, despite global trade headwinds. While the transaction volume…
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 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…
IPO-bound Indiqube Spaces Ltd. posted a net loss of ₹140 crore in FY25, despite a 27% rise in revenue to ₹1,103 crore. This loss is attributed to higher expenses incurred by the…
SEBI Securities and Exchange Board of India has clarified the "minimum information to be provided to the Audit Committee and shareholders for approval of Related Party…
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 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 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…
SEBI Securities and Exchange Board of India has clarified the "minimum information to be provided to the Audit Committee and shareholders for approval of Related Party…
In a significant relief for SAIL Steel Authority of India Ltd. , CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that "by-products are not liable under Rule 6…
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…
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