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The Madras High Court has ruled that an "Assessing Officer's change of mind is not a valid ground for reopening assessment." This significant judgment provides crucial protection…
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…
Customs cannot cancel or question MEIS licenses without prior action by DGFT: CESTAT. This significant ruling clarifies the jurisdictional boundaries between Customs and DGFT…
Domestic buyers power the real estate boom in Kochi. This trend signifies a healthy and sustainable growth in Kochi's property market, driven predominantly by local demand rather…
The ITAT Income Tax Appellate Tribunal has quashed tax assessments citing "mechanical and invalid approval under Section 153D." Section 153D of the Income Tax Act requires…
Relief for Castrol India: CESTAT rules SAD refund cannot be denied solely due to brand name change when product is identical. This decision provides significant relief to…
The Madras High Court has ruled that an "Assessing Officer's change of mind is not a valid ground for reopening assessment." This significant judgment provides crucial protection…
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…
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…
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…
Unregistered investment advisory services: Investors, SEBI orders refund. This action by SEBI Securities and Exchange Board of India underscores its commitment to protecting…
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 obligation on Customs Broker after importer relinquishes goods; CESTAT quashes license revocation. This crucial ruling clarifies the responsibilities of customs brokers. The…
Customs cannot cancel or question MEIS licenses without prior action by DGFT: CESTAT. This significant ruling clarifies the jurisdictional boundaries between Customs and DGFT…
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 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…
The RBI Reserve Bank of India has added NSDL Payments Bank Limited to its Second Schedule. This inclusion signifies that NSDL Payments Bank has met the stringent criteria to be…
Service tax not leviable on notional interest from security deposits for locker rentals: CESTAT. This decision provides significant clarity and relief to banks and financial…
Excise Commissioner's order not restorable in absence of sufficient reason of non-appearance: CESTAT. This ruling emphasizes the principle of accountability and due diligence in…
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 Patna High Court has quashed a time-barred VAT Value Added Tax reassessment order, holding that the revenue acted beyond its jurisdiction. This ruling emphasizes the strict…
The upcoming GST Council meet may slash rates for tractors, ACs, and insurance, potentially making them cheaper. This significant anticipation suggests a consumer-friendly move by…
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…
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…
The Sikkim High Court has ruled that the CGST Act does not permit tax retention without legal authority, allowing a refund of ₹4 crores unutilized ITC on business closure. This…
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…
The RBI Reserve Bank of India has added NSDL Payments Bank Limited to its Second Schedule. This inclusion signifies that NSDL Payments Bank has met the stringent criteria to be…
The Delhi High Court has ruled that Customs cannot detain personal jewellery just because it is 24K gold, ordering the return of ₹6 lakh worth of gold bangles to an Umrah…
Bybit is set to levy GST on Indian users, making crypto trading costlier. This development reflects the ongoing formalization of cryptocurrency regulation and taxation in India.…
A Calcutta High Court division bench has granted a week's extension in an income tax case after a single judge refused interim relief due to the department's delay in filing an…
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 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 NCLAT National Company Law Appellate Tribunal has ruled that belated claims of homebuyers cannot be rejected if their units are reflected in the corporate debtor's records.…
The NCLAT National Company Law Appellate Tribunal has ruled that an application under Section 7 of IBC, withdrawn after a settlement, can be revived if the corporate debtor…
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…
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 Delhi High Court has ruled that under Section 107 of the GST Act, an impugned order is automatically stayed once an appeal is filed and pre-deposit is made, preventing bank…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that movement of goods to CFAs Carrying and Forwarding Agents in other states is stock transfer, not…
The Kerala High Court has stayed criminal proceedings against Patanjali, Baba Ramdev, and Acharya Balkrishna in seven cases related to alleged false advertisements. The charges…
The Kerala High Court has ruled that it can quash an ad-interim injunction granted by a civil court if the suit is barred under the Insolvency and Bankruptcy Code IBC , exercising…
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 Delhi High Court has issued a "John Doe" order to restrain the infringement of "Tata" trademarks, targeting widespread fraud through fake dealership and distributorship…
The Delhi High Court has granted a dynamic injunction to Tata against fraud websites misusing its trademark. This flexible court order not only targets current infringers but also…
The Bombay High Court has stayed a CBI Central Bureau of Investigation probe against Tata Consulting Engineers in connection with an alleged ₹800 crore scam related to the…
The Supreme Court has sought the ED's Enforcement Directorate response on a plea by IREO MD Lalit Goyal to relax his bail conditions. Goyal, who is involved in a money laundering…
Porter, the Bengaluru-based intra-city logistics platform, has turned profitable in FY25, clocking over ₹4,000 crore in revenue. This marks a significant milestone for the…
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 Madras High Court has ruled that an "Assessing Officer's change of mind is not a valid ground for reopening assessment." This significant judgment provides crucial protection…
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