The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that "loose sheets and a pocket diary are not sufficient to prove clandestine clearance of mild steel…
18/07/20251 min read
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The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that "loose sheets and a pocket diary are not sufficient to prove clandestine clearance of mild steel…
The ITAT Income Tax Appellate Tribunal has restored an appeal to the CIT A over property valuation, citing the assessee's inability to access notices through emails. The tribunal…
The Income Tax Department has released an updated common offline utility schema for Form 3CA-3CD and 3CB-3CD filings. This update provides the latest version of the utility to…
A Lok Sabha Select Committee has proposed 285 changes to the Income Tax Bill, 2025, with 250 recommendations already accepted by the government. The aim is to simplify and…
Ixigo Le Travenues Technology posted a revenue of ₹314 crore in Q1 FY26, with profit up by 27%. This marks a strong financial performance for the online travel aggregator. The…
Quick fashion startup Knot is in talks to raise $3 million in its maiden funding round. This indicates a burgeoning interest in the fast-growing quick fashion segment within…
Nodwin Gaming is set to raise funding and will no longer be a subsidiary of Nazara Technologies. Nazara's shareholding in Nodwin will reduce from 51.52% to 49.6%, ending its…
Ixigo is set to raise its stake in Zoop, a train food delivery startup. This strategic move by the online travel aggregator indicates its intent to deepen its presence in the…
QPiAI has bagged $32 million to integrate AI and quantum computing into enterprise solutions. This significant funding highlights growing interest in the convergence of…
Phi Commerce has raised ₹51 crore from Beenext. This fresh capital injection will likely be used to further scale the omnichannel payment solutions provider's operations, expand…
Healthtech startup Truemeds has bagged $20 million in funding from Peak XV. This substantial investment will likely fuel Truemeds' expansion in the digital healthcare space,…
Kettleborough VC has launched its second fund with a target corpus of ₹80 crore. This marks a significant move for the venture capital firm, indicating its continued commitment to…
The Supreme Court has scheduled the final hearing on July 25 regarding the 28% GST on online gaming. This indicates a critical development for the online gaming industry, which…
Snapdeal's parent company, Acevector, is reportedly set to file its Draft Red Herring Prospectus DRHP for a ₹500 crore Initial Public Offering IPO . This move signifies the…
Three Private Equity PE firms are seeking CCI Competition Commission of India nod to acquire a stake in the popular bakery chain Theobroma. This indicates a strategic investment…
Acevector, the parent company of Snapdeal, is eyeing a public offering to raise ₹500 crore, with its Draft Red Herring Prospectus DRHP nearing filing. This move signifies…
Jio BlackRock has received SEBI approval for four mutual fund schemes. This significant regulatory clearance marks a crucial step for the joint venture between Reliance Jio…
Nazara Technologies has ended its majority control in Nodwin Gaming ahead of Nodwin's internal fundraise. Nazara's shareholding in Nodwin will reduce from 51.52% to 49.6%. This…
R for Rabbit, a D2C Direct-to-Consumer baby products brand, is set to raise $27 million in primary and secondary capital. The primary capital of ₹110 crore approx. $13 million in…
Snapmint, a Buy Now, Pay Later BNPL startup, has crossed the ₹150 crore revenue threshold in FY25 and turned profitable. This marks a significant turnaround for the company, which…
The Allahabad High Court has stayed the arrest of Royal Challengers Bengaluru RCB cricketer Yash Dayal in a sexual exploitation case. A woman accused Dayal of emotional, physical,…
The Madhya Pradesh High Court has ordered a former Vice Chancellor of LNIPE to pay ₹35 lakh to a Yoga instructor in a sexual harassment case, and also directed the State to pay ₹5…
The Supreme Court has affirmed that SEBI Securities and Exchange Board of India can recover interest on penalties from the date of the adjudication order, even if the original…
Campus Activewear has dragged Campus Sutra to the Delhi High Court over trademark infringement, alleging misuse of its "Campus" trademark. Campus Activewear, a prominent…
The Delhi High Court has ruled that the Domestic Violence Act makes no distinction between a first or second marriage for the purpose of awarding maintenance to a second wife.…
The Madhya Pradesh High Court has directed a former Vice-Chancellor of LNIPE Lakshmibai National Institute of Physical Education to pay ₹35 lakh to a Yoga instructor in a sexual…
The Delhi High Court has deprecated an Investigating Officer IO for appearing without case diaries and granted bail in a murder case. Justice Girish Kathpalia strongly criticized…
The Andhra Pradesh High Court has rejected anticipatory bail for three persons accused of running a brothel under the guise of a spa and evading arrest. The court noted that the…
The Orissa High Court has imposed a cost on a husband for filing a "frivolous habeas corpus petition" in a matrimonial dispute concerning his wife's custody. The court observed…
The Chhattisgarh High Court has dismissed a husband's petition seeking his wife's call details, upholding her "right to privacy." The court categorically stated that marriage does…
The Delhi High Court has reiterated that consideration for availing services requiring technical expertise does not qualify as "Fees for Technical Services" FTS under the India-UK…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that "transfer of approvals/allotments acquired from government involves business support services" and…
The Delhi High Court has clarified that penalty under Section 122 1A of the GST Act can be imposed retrospectively if the Show Cause Notice SCN was issued after its enactment.…
The Supreme Court has reaffirmed that stem cell banking services qualify as "healthcare services" in service tax exemption notifications, thereby exempting them from service tax.…
The Himachal Pradesh High Court has refused to quash a complaint under Section 69 of the CGST Act, stating that "fake supplier addresses indicate prima facie GST evasion." The…
The NCLAT National Company Law Appellate Tribunal has ruled that a corporate debtor cannot avoid repayment obligations on the grounds of "irregularities under Section 186 of the…
The NCLAT National Company Law Appellate Tribunal has ruled that a government authority cannot seek the status of a "secured operational creditor" based on dues arising from the…
The NCLAT Chennai bench has ruled that no judicial determination is required in the Resolution Professional's RP examination of personal guarantor insolvency applications. This…
The NCLAT National Company Law Appellate Tribunal has upheld the NCLT's National Company Law Tribunal order directing a corporate debtor to restore ₹3.18 crore under Section 66 of…
The NCLAT National Company Law Appellate Tribunal has ruled that a litigant's conduct cannot be considered bonafide when a new order is challenged in a refiled appeal after curing…
The NCLAT National Company Law Appellate Tribunal has ruled that the liability of a Corporate Debtor is not discharged by the release of guarantors after a One-Time Settlement OTS…
The NCLAT Chennai bench has ruled that the government cannot maintain attachment of property to press for recovery outside the liquidation framework under the IBC Insolvency and…
The NCLAT National Company Law Appellate Tribunal has ruled that a bankrupt individual has the locus to file an application for discharge when the Bankruptcy Trustee fails to…
The Bombay High Court has ruled that a foreign arbitral award cannot be enforced against a person who was not a party to the arbitration proceedings. This decision clarifies the…
The Haryana RERA Real Estate Regulatory Authority has provided a refund to a homebuyer who purchased a flat under the impression of it being developed and marketed by Godrej…
The Karnataka RERA Real Estate Regulatory Authority has directed Ozone Urbana Infra Developers to refund ₹7.033 lakh to a homebuyer for delayed possession. The homebuyer had…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that the extended period of limitation is not invokable when the department previously audited and issued…
Relief for IndiGo: The ITAT Income Tax Appellate Tribunal has upheld the deletion of an ₹11.05 crore disallowance, as the Assessing Officer's final assessment confirmed nil…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has quashed an extended period demand for service tax, where the Show Cause Notice SCN was issued years after a…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has clarified that Form DRC-03 is not valid for excise pre-deposit; payments must use a CBIC challan via ICEGATE or…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that "loose sheets and a pocket diary are not sufficient to prove clandestine clearance of mild steel…
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