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Eicher Motors is facing a ₹16.8 crore GST demand notice on VECV Volvo Eicher Commercial Vehicles . This significant tax demand indicates a potential dispute between the company…
India has extended ADD Anti-Dumping Duty on "clear float glass imports from Malaysia." This trade policy decision aims to protect domestic industries from unfair competition…
The NCLAT National Company Law Appellate Tribunal has ruled that moratorium under Section 14 of the IBC Insolvency and Bankruptcy Code "does not bar ED's provisional attachment…
Air India crash victims are entitled to compensation regardless of fault. This crucial legal principle, likely stemming from international aviation conventions like the Montreal…
Rashmi Saluja of Religare and Care Health is under scrutiny from InGovern for ESOPs clawback. This situation indicates a corporate governance concern where a proxy advisory firm…
Nutella maker Ferrero is set to buy Kellogg's business for $3.1 billion. This major acquisition signifies a significant consolidation in the global food industry. Ferrero's…
D2C home decor brand Vaaree has closed its pre-Series A round at $4.6 million. This successful funding round indicates strong investor confidence in Vaaree's direct-to-consumer…
Fractal has bagged ₹49 crore from co-founder Srikanth Velamakanni. This significant investment from an existing co-founder highlights a strong belief in the company's future…
The NCLAT National Company Law Appellate Tribunal has affirmed that it lacks jurisdiction to interfere with "confirmed ED attachments under PMLA" Prevention of Money Laundering…
The ITAT Income Tax Appellate Tribunal has ruled that broadband and bandwidth charges are "not a royalty" and has dismissed the TDS Tax Deducted at Source claim of the revenue.…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that service tax is payable only on the service portion in a works contract where VAT was already paid on…
Lendingkart Finance has slipped into the red, posting an ₹28.8 crore loss in FY25. This financial result indicates a significant downturn for the fintech lending company, moving…
Quick fashion startup Blip has shut shop. This news signifies a challenging outcome for a venture in the fast-paced and competitive quick fashion sector. Startup closures can…
Swiggy has allotted 38.8 lakh shares under its ESOP Employee Stock Option Plan scheme. This formal allocation of shares to employees under the ESOP scheme signifies a concrete…
EV maker VinFast has signed pacts with 13 dealer groups. This expansion strategy indicates VinFast's aggressive push into new markets, leveraging partnerships with established…
Google has hired Windsurf CEO, an AI coding startup founder, amid the "AI talent wars" with OpenAI. This high-profile recruitment signifies the intense competition for top…
The DGGI Directorate General of GST Intelligence has busted a ₹266 crore GST fraud involving six shell companies. This significant enforcement action reveals a sophisticated…
The ICAI Institute of Chartered Accountants of India has reconstituted an expert panel to address statutory audit queries pertaining to auditing aspects. This proactive step by…
An incentive scheme worth ₹1,345 crore has been proposed for rare earth magnets to reduce dependence on China. This substantial government initiative aims to boost domestic…
Swiggy has expanded its ESOP Employee Stock Ownership Plan pool with a ₹150 crore fresh grant. This significant allocation of new shares to its employee stock option plan…
The Swiss Army knife maker has received urgent relief from the Bombay High Court against unauthorized listings on Amazon. This ruling highlights the importance of intellectual…
The Jammu & Kashmir High Court has ruled on a consumer's right to lead evidence in an insurance dispute. This decision emphasizes the fundamental right of a consumer to present…
The Delhi High Court has restrained the disclosure of confidential information of Axis and Max Life Insurance customers on the dark web and online platforms. This significant…
The Delhi High Court has deliberated on a minor rape and murder case, considering medical evidence of violent, repeated sexual abuse. This highly sensitive case underscores the…
The Karnataka High Court has ruled that a money recovery suit is maintainable against a bank. This decision affirms the legal right of individuals or entities to file suits for…
The ITAT Income Tax Appellate Tribunal has ruled that an Income Tax notice issued after March 31, 2021, under the old regime is invalid, despite the TOLA Taxation and Other Laws…
The Allahabad High Court has ruled that the mere absence of activity at the principal place of business does not necessarily mean invoices issued to the assessee are fake. This…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that Customs Countervailing Duty is not applicable on the import of pan masala processing machines. This…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled "no service tax on target-based discounts from Maruti Suzuki to dealers." This important decision…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled "no CENVAT credit on note sheets and sanction orders" as "valid documents with mandatory details…
The NCLT Kochi Bench has dismissed petitions under Section 95 of the IBC Insolvency and Bankruptcy Code for "defective demand notices," stating "personal guarantor's liability…
The NCLT National Company Law Tribunal has dismissed a petition after a "demand draft being offered to pay amount claimed in petition." This highlights a procedural aspect in…
The Madras High Court has ruled that a "petitioner cannot evade two-tier arbitration stating not given opportunity to file condone delay application by appellate tribunal." This…
Uno Minda has received a ₹43 lakh Customs penalty for "import misclassification." This significant penalty indicates that the company allegedly misdeclared the classification of…
Tata Power has received a ₹2.40 lakh GST penalty from UP tax authorities. This penalty indicates a non-compliance issue with Goods and Services Tax regulations identified by the…
The DGGI Directorate General of GST Intelligence has uncovered a ₹266 crore GST ITC fraud involving 6 shell companies. This significant fraud highlights continued challenges in…
The ITAT Income Tax Appellate Tribunal has ruled that an FTC Foreign Tax Credit claim is "not denied despite delay" as "filing of Form 67 held directory, not mandatory." Form 67…
The NCLAT National Company Law Appellate Tribunal has held that an "investment under reseller agreement lacks financial debt ingredients" and has "dismissed S. Plea as abuse of…
Eicher Motors is facing a ₹16.8 crore GST demand notice on VECV Volvo Eicher Commercial Vehicles . This significant tax demand indicates a potential dispute between the company…
The Delhi High Court has found no valid ground to withhold a ₹17 lakh GST refund and has ordered its processing with statutory interest. This ruling provides significant relief to…
The NCLAT National Company Law Appellate Tribunal has confirmed CIRP Corporate Insolvency Resolution Process admission despite an OTS One-Time Settlement with guarantors, stating…
The NCLAT National Company Law Appellate Tribunal has dismissed the ED's Enforcement Directorate appeal as "time-barred," ruling that limitation begins from the "date of order,…
The ITAT Income Tax Appellate Tribunal has ruled that husband-funded investment in "joint property" is "not taxable," deleting a ₹2.18 crore addition under Section 69A. Section…
The Madhya Pradesh High Court has allowed condonation of delay in filing Form 10B and ITR Income Tax Return due to Covid, citing the Supreme Court's limitation extension. Form 10B…
India has extended ADD Anti-Dumping Duty on "clear float glass imports from Malaysia." This trade policy decision aims to protect domestic industries from unfair competition…
The ITAT Income Tax Appellate Tribunal has upheld the "project completion method" and deleted an addition against a real estate developer. This ruling clarifies the accepted…
The GSTAT Goods and Services Tax Appellate Tribunal has released a detailed user manual to guide taxpayers on e-filing of appeals and applications. This initiative aims to…
The Calcutta High Court has dismissed a writ petition against an ex-parte service tax order for non-appearance, citing the availability of an alternate remedy. An ex-parte order…
The Uttarakhand High Court has allowed the revocation of GST cancellation for non-filing of returns, citing "identical earlier orders." This decision provides significant relief…
The DRAT Debt Recovery Appellate Tribunal has ruled that an OTS One-Time Settlement scheme is a "non-discretionary one and applicable to one and all," allowing SBI's appeal. This…
Eicher Motors is facing a ₹16.8 crore GST demand notice on VECV Volvo Eicher Commercial Vehicles . This significant tax demand indicates a potential dispute between the company…
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