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The Supreme Court has ruled that stem cell banking is a part of healthcare services and thus qualifies for service tax exemption. This significant judgment provides much-needed…
Trupeer.ai, an AI content creation platform, has successfully bagged $3 million in seed funding, led by RTP Global with participation from Salesforce Ventures and various angel…
Andhra Pradesh is targeting ₹25,000 crore in investments under its new Space Policy 4.0, aiming to become a space-tech powerhouse. As the first Indian state to launch a dedicated…
The GSTN Goods and Services Tax Network has issued an advisory enabling the filing of GST appeals against waiver orders, specifically rejection orders SPL 07 . This is a crucial…
The Kerala High Court has stayed recovery proceedings under Section 147 of the Income Tax Act, pending consideration of a delay condonation and stay petition. This interim relief…
The Allahabad High Court has ruled that repeated non-appearance by counsel in bail hearings amounts to professional misconduct. Justice Krishan Pahal observed that such a practice…
The ITAT Income Tax Appellate Tribunal has confirmed the CIT A 's Commissioner of Income Tax Appeals deletion of a ₹3.07 crore income tax addition, as the assessee produced…
The Calcutta High Court has remanded a GST ITC reversal case for re-adjudication due to a "factual dispute" on whether the appellant had indeed reversed the wrongfully availed…
Fractal Analytics, an Artificial Intelligence AI analytics firm, has raised $170 million through a secondary sale, valuing the company at $2.44 billion. This funding involved the…
The Delhi High Court has awarded ₹8 lakh in favour of Puma in a trademark infringement suit against an individual manufacturing counterfeit products. Justice Saurabh Banerjee…
The Kerala High Court has ruled that property tax cannot be levied without following statutory assessment procedure under Section 233 of the Kerala Municipality Act. This…
The ITAT Income Tax Appellate Tribunal has condoned a 719-day delay in filing an income tax appeal, considering the ill health of the managing person. This decision highlights the…
The Bombay High Court has ruled that merely quoting sections and alleging fraud, wilful misstatement, or suppression of facts in a Show Cause Notice SCN is not enough to cancel…
The DRI Directorate of Revenue Intelligence has busted a Mumbai woman smuggling 6 kg of cocaine worth ₹62 crore, concealed in Oreo biscuit boxes, on a flight from Doha. This…
The ITAT Income Tax Appellate Tribunal has directed a fresh adjudication for the registration of a trust under Section 12AB of the Income Tax Act, ruling that it cannot be…
The Madras High Court has ruled that audit objections can qualify as "information" under Section 148A of the Income Tax Act only if the Assessing Officer violated statutory…
The Delhi High Court has ruled that parties cannot be prevented from performing contractual obligations as interpreted in a final partial award when both award and contract remain…
Penalty under Sections 112A and 114AA cannot be imposed on a customs broker if revenue fails to prove direct involvement in wrongdoing: CESTAT. This crucial ruling emphasizes the…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that a trust recruiting students by way of campus selection is liable to service tax under the category of…
The Delhi High Court has directed a refund of ₹15 lakh with 4% interest, as re-credit was not permissible under an abolished scheme. The court noted that a deficiency memo for the…
The Supreme Court has admitted a Special Leave Petition SLP on the denial of Input Tax Credit ITC for wrong address and GSTIN in GST invoices. The department's appeal challenges a…
The Bombay High Court has allowed interim protection to continue for Sameer Dyandev Wankhede, while frowning over repeated adjournment requests from the CBI. Wankhede, a former…
The ITAT Income Tax Appellate Tribunal has held that interest received under Section 244A of the Income Tax Act is taxable and has rejected a rectification plea seeking exemption.…
The Orissa High Court has set aside a demand for royalty and additional charges under Rule 514 of OMMCR Odisha Minor Mineral Concession Rules on the stacking of mineral in a brick…
The Delhi High Court has upheld an ITAT Income Tax Appellate Tribunal order deleting a ₹2000 crore addition against Thomson Press Ltd, ruling that Section 50C of the Income Tax…
The Delhi High Court has directed the tax authorities to accept a rectification application filed by L&T Ltd regarding a ₹2.38 crore GST demand due to non-reconciliation between…
The Delhi High Court has dismissed a plea to defreeze bank accounts attached under PMLA Prevention of Money Laundering Act , citing a lack of urgency and availability of unfrozen…
SEBI Securities and Exchange Board of India is reviewing the valuation methodology for physical gold and silver held by mutual funds through ETFs to align it with domestic market…
The upcoming GST Council meeting is anticipated to propose significant tax relief for insurance policyholders, potentially making life and health insurance cheaper. There are…
The Telangana RERA Real Estate Regulatory Authority has penalized Ashritha Group ₹3 lakh for real estate violations in Jubilee Hills and ordered the registration of two…
The CBDT Central Board of Direct Taxes has reported a significant improvement in income tax refund times, slashed to just 17 days in 2024 from 93 days in 2013. This dramatic…
A Gujarat CA group has alleged that GST officers are leaking return data to rivals for money, exposing a nationwide scam. The Surat Chartered Accountants Association, in a letter…
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…
The Delhi High Court has ruled that receipts do not qualify as "Fees for Technical Services" FTS if no technology transfer occurs, thus holding the income not taxable under the…
Phi Commerce, an omnichannel payment solutions provider, has topped up its Series B funding with fresh capital of ₹51.34 crore approx. $6 million from its existing investor,…
Sharing of G-Card credentials led to misdeclaration of import consignment; CESTAT upholds revocation of customs broker license. This ruling highlights a serious breach of trust…
The Supreme Court has dismissed a Customs appeal to levy IGST Integrated Goods and Services Tax on re-imported aircraft components. This crucial decision provides clarity for the…
Breaking: Entry tax leviable on United Spirits under Madhya Pradesh Entry Tax Amendment Act: Supreme Court. This landmark judgment from the Supreme Court provides finality on the…
The CBDT Central Board of Direct Taxes has extended income tax exemption for sovereign wealth and pension funds under Section 10 23FE of the Income Tax Act. This extension is a…
Customs cannot cancel or question MEIS licenses without prior action by DGFT: CESTAT. This significant ruling clarifies the jurisdictional boundaries between Customs and DGFT…
Penalty under Sections 112A and 114AA cannot be imposed on a customs broker if revenue fails to prove direct involvement in wrongdoing: CESTAT. This crucial ruling emphasizes the…
No obligation on Customs Broker after importer relinquishes goods; CESTAT quashes license revocation. This crucial ruling clarifies the responsibilities of customs brokers. The…
Power Ministry bets ₹1,000 crore on energy-smart MSMEs. This significant financial allocation by the Ministry of Power demonstrates a strong commitment to promoting energy…
No penalty shall be levied under Excise Act if Dept could not prove allegation of fraud to evade duty: CESTAT. This crucial decision reiterates the fundamental legal principle…
The Supreme Court has ruled that stem cell banking is a part of healthcare services and thus qualifies for service tax exemption. This significant judgment provides much-needed…
The Delhi High Court has restrained coercive recovery in cases of "overlapping GST interest demands for the same period." This interim relief protects taxpayers from facing…
Unregistered investment advisory services: Investors, SEBI orders refund. This action by SEBI Securities and Exchange Board of India underscores its commitment to protecting…
The ITAT Income Tax Appellate Tribunal has condoned delay and restored appeal for fresh adjudication due to lack of natural justice in NFAC order. NFAC National Faceless…
The Madras High Court has allowed instalment payment of tax and ordered de-freezing of a bank account attached by the Income Tax Department. This compassionate ruling provides…
The NCDRC National Consumer Disputes Redressal Commission has directed United India Insurance to pay ₹2.35 crores for a cancelled cricket match. This significant ruling holds the…
The Supreme Court has ruled that stem cell banking is a part of healthcare services and thus qualifies for service tax exemption. This significant judgment provides much-needed…
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