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The Enforcement Directorate ED has filed a chargesheet in a ₹734 crore GST ITC Input Tax Credit fraud case. This significant development marks a crucial step in combating…
The MCA Ministry of Corporate Affairs is set to launch the final set of company forms on the V3 portal, announcing portal downtime for the transition. This significant…
The DGFT Directorate General of Foreign Trade has notified new SIONs Standard Input-Output Norms for chemical and allied products under FTP 2023 Foreign Trade Policy 2023 . SIONs…
The Madras High Court has ruled that the GST department "must grant time extension for submitting additional documents when sought." This crucial decision reinforces the principle…
SBI has won before CESTAT on a service tax demand for "interchange and free ATM services," with the Supreme Court to hear a related appeal together. This significant ruling…
The Finance Ministry has denied reports about "directions to banks closing inactive Jan Dhan accounts." This clarification addresses public concerns about the accessibility of…
The ITAT has ruled in favor of a rural co-operative society, upholding deduction under Section 80P for "nominal members" and overturning the CIT A order. Section 80P provides…
The ITAT has remanded a case for fresh hearing due to the assessee's failure to submit evidence. This decision highlights the importance of taxpayers providing adequate…
The Finance Ministry has denied reports about "directions to banks closing inactive Jan Dhan accounts." This clarification addresses public concerns about the accessibility of…
The ITAT has granted a school principal a hearing in a tax case, citing "procedural lapses." This decision highlights the tribunal's role in ensuring fair and proper conduct of…
The Gujarat High Court has ruled that the ITAT Income Tax Appellate Tribunal can allow the 10% LTCG Long-Term Capital Gains rate on unlisted shares despite no revised return, if…
In a win for Ford India, the Supreme Court has allowed "transitional credit" even if not reflected in the electronic credit ledger on the refund date. Transitional credit allows…
The Jammu & Kashmir High Court is hearing a case regarding GST on "rent for hotels by security forces." This significant case involves the taxability of accommodation provided to…
The Bombay High Court has ruled that a Section 79 GST recovery notice issued to a bank "without prior notice to the assessee is void." Section 79 allows tax authorities to recover…
The DGFT Directorate General of Foreign Trade has notified new SIONs Standard Input-Output Norms for chemical and allied products under FTP 2023 Foreign Trade Policy 2023 . SIONs…
The Gujarat High Court has ruled that interest from cooperative banks is deductible under Section 80P 2 d , as they fall under the definition of "cooperative society." Section 80P…
The Gujarat High Court has ruled that GST orders on the portal are valid without a visible signature if uploaded using a DSC Digital Signature Certificate . This significant…
UPI Unified Payments Interface is going global, with Namibia becoming the first foreign country to sign a licensing agreement. This landmark development signifies a major…
A GST payer alleged overlap of jurisdiction by central and state authorities, but the Madras High Court found "no case made out" and granted "partial relief." This case highlights…
The MCA Ministry of Corporate Affairs is set to launch the final set of company forms on the V3 portal, announcing portal downtime for the transition. This significant…
The PIB Press Information Bureau has warned against fake e-PAN card emails, with the Income Tax Department also warning of a phishing scam. This alert highlights a persistent…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that goods not prohibited under Foreign Trade Policy still require a valid IEC Import Export Code , and…
The Bombay High Court has upheld the winding up of a company "unable to pay debt" under Section 433 of the Companies Act. Section 433 outlines grounds for winding up a company by…
The Enforcement Directorate ED has filed a chargesheet in a ₹734 crore GST ITC Input Tax Credit fraud case. This significant development marks a crucial step in combating…
Two individuals have been booked in a GST scam involving ₹17 crore tax evasion using shell companies. This serious financial fraud highlights the ongoing challenge of illicit…
The Ministry of Finance has notified IREDA Indian Renewable Energy Development Agency bonds as long-term specified assets under Section 54EC of the Income Tax Act. This…
The Karnataka High Court is hearing Chief Minister Siddaramiah's appeal against the Governor's sanction in the MUDA Mysore Urban Development Authority case. This high-profile…
The Allahabad High Court has addressed the FIR First Information Report against cricketer Yash Dayal regarding "sexual harassment allegations." The specific details of the court's…
The Delhi High Court is addressing a defamation and copyright suit involving Mohak Mangal and ANI, concerning suit transfer. This legal dispute likely involves allegations of…
The Kerala High Court has ruled on minimum wages for "housekeeping staff in private hospitals." This significant decision clarifies the wage standards for a crucial, often…
The Delhi High Court has restrained Kuku FM from streaming 5 shows after Pocket FM alleged "IP violation." This significant ruling protects intellectual property rights in the…
The Kerala High Court has granted bail to IB Intelligence Bureau officer Sukanth Suresh in his "girlfriend's suicide case." This decision allows the accused officer to be released…
The Kerala High Court has granted anticipatory bail to an ED Enforcement Directorate officer accused of "demanding a ₹2 crore bribe." This significant development involves…
An Entrackr report highlights that while Edtech is struggling, "loan enablers" are not. This reveals a dichotomy in the current educational technology landscape. While direct…
PhonePe and G Pay collectively hold an 82% UPI market share in June, with BHIM re-entering the top 10 after a long hiatus. This report underscores the dominant duopoly of PhonePe…
Pocket FM is seeking ₹857 crore in damages from Kuku FM, with the rival calling the charges "motivated." This massive financial claim highlights a significant intellectual…
Microsoft is anticipating "AI cost savings and layoffs" in 2025. This indicates a strategic shift within the tech giant, leveraging artificial intelligence to enhance efficiency.…
A Karnataka-Berlin innovation MoU Memorandum of Understanding has been signed, focusing on startup and AI collaboration. This strategic partnership aims to foster cross-border…
LetsVenture has rebranded as "LVx" to "integrate private market offerings." This strategic rebranding signifies an evolution in LetsVenture's platform, aiming to provide a more…
Smartworks IPO issue was subscribed 1.7x on Day 1. This strong initial subscription indicates significant investor interest and confidence in the co-working space provider's…
Infinity Fincorp has bagged $230 million, with Partners Group acquiring a majority stake. This substantial investment highlights a major private equity deal in the financial…
Tracxn shares surged 10% after a "share buyback announcement." This significant jump in share price indicates a positive market reaction to the company's decision to buy back its…
The ED Enforcement Directorate has booked Rana Daggubati, Vijay Devarakonda, and 27 others for "promoting illegal betting." This significant development indicates a major…
Clean Fanatics has bagged $2 million to "scale up its home services marketplace." This funding injection indicates investor confidence in the growing demand for organized home…
NPCI National Payments Corporation of India has inked a pact with the "Namibian Central Bank for UPI adoption." This landmark agreement signifies a major international expansion…
The ED Enforcement Directorate has conducted "searches at Probo premises" and "attached assets worth ₹28.4 crore." This news reiterates and confirms the ongoing enforcement action…
Traders are watching expiry day moves after SEBI's ban on Jane Street Group. This indicates market sensitivity to regulatory actions impacting large trading firms. SEBI's ban on…
Premium of life insurers rose 4.3% YoY in Q1 FY26. This modest year-on-year growth in the first quarter of fiscal year 2026 indicates a steady but somewhat muted performance for…
The RBI's Reserve Bank of India outlook to a Parliament panel, delivered by Malhotra, states the economy is strong, and ₹2,000 notes are still legal but "out of circulation." This…
A report highlights that MSMEs Micro, Small, and Medium Enterprises face "regulatory overload," with ₹13 lakh yearly compliance costs, over 1,000 regulations, and high jail risk.…
The Enforcement Directorate ED has filed a chargesheet in a ₹734 crore GST ITC Input Tax Credit fraud case. This significant development marks a crucial step in combating…
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