News & Judgements

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…

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…

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…

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…

The ED Enforcement Directorate has booked Rana Daggubati, Vijay Devarakonda, and 27 others for "promoting illegal betting." This significant development indicates a major…

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…

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…

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…

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…

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.…

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…

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…

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…

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 Kerala High Court has granted anticipatory bail to an ED Enforcement Directorate officer accused of "demanding a ₹2 crore bribe." This significant development involves…

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 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 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 is addressing a defamation and copyright suit involving Mohak Mangal and ANI, concerning suit transfer. This legal dispute likely involves allegations of…

The ITAT has allowed a ₹2.32 lakh deduction for a trust's accumulated fund utilization, ruling that a retrospective amendment is inapplicable. This decision protects trusts from…

The ITAT has upheld a co-operative society's tax exemption, citing "operational funds" to reject the Revenue's appeal on interest income. Section 80P provides deductions for…

The ITAT has rejected a Section 12A registration due to "non-compliance with fresh registration requirement following J&K reorganization." Section 12A grants tax exemption to…

A real estate firm has backed down, with the ITAT formally dismissing its uncontested tax appeal. This indicates that the real estate company chose not to pursue its appeal…

The Telangana High Court has dismissed State Bank of India's writ plea, upholding an auction invalidation over SARFAESI violations. The SARFAESI Act allows banks to enforce…

A taxpayer has won a remand despite lapses, as the ITAT has ordered a new hearing on a ₹34 lakh "unexplained credit." This ruling indicates that while the taxpayer may have had…

The ITAT has granted a liquor shop owner a second chance in an ex-parte tax case, citing "natural justice." An ex-parte order is passed without the taxpayer's presence. The…

The ITAT has granted relief to UCIL Uranium Corporation of India Limited , finding no penalty warranted under Section 270A for missed CSR disallowance due to an "accountant's…

Bajaj Consumer Care has received a GST demand notice for "credit mismatch." This indicates a discrepancy identified by the tax authorities between the Input Tax Credit ITC claimed…

The Calcutta High Court has quashed a service tax demand, ruling that supply of computer hardware on hire is "transfer of right to use, not supply of tangible goods." This crucial…

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…

The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has allowed adjustment and refund of ₹22.37 lakh excess service tax to Eastern India Enterprise and set aside…

The Allahabad High Court has granted anticipatory bail, ruling that delayed tax payment lacks embezzlement allegation. This decision highlights the distinction between a mere…

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…

The ITAT Income Tax Appellate Tribunal has granted relief to an NGO Non-Governmental Organization , ruling that a technical filing error won't block 80G tax benefits. Section 80G…

The ITAT Income Tax Appellate Tribunal has upheld the deletion of a bogus Long-Term Capital Gains LTCG addition, ruling no evidence of tax evasion in share transactions. This…

The Supreme Court has declined to interfere with a Delhi High Court ruling that Revenue "cannot negatively block tax beyond the extent of GST ITC available in e-ledger." This…

The ITAT has imposed penalties on a cooperative society, citing "revised audit report rules" and "intentional misreporting." This decision underscores the seriousness of…

The ITAT has dismissed the Revenue's appeal, upholding the deletion of an addition under Section 41 1 due to "lack of cessation of liability evidence." Section 41 1 deals with the…

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 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…

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 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…

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…