Sorted by Latest
Zepto is reportedly raising $500 million at a $7 billion valuation. This substantial funding round indicates strong investor confidence in the quick commerce startup, despite a…
Groww maintains its lead over Zerodha and Angel One amidst a user base decline in June. This report highlights the competitive landscape in India's online brokerage sector. While…
Smartworks has raised "$20 million from anchor investors." This pre-IPO funding round is a significant boost for the co-working space provider. Anchor investors are typically…
The Calcutta High Court has ruled that issues of "misjoinder of parties" and "incorporation by reference" fall within the purview of the arbitral tribunal. This significant…
The Gujarat High Court has limited an Income Tax addition, ruling that the Assessing Authority AA "cannot tax entire disputed purchase transactions as bogus." This significant…
The Kerala High Court has ruled that revisional powers under Section 264 of the Income Tax Act are confined to existing orders and cannot issue directions to the Assessing…
The Jammu & Kashmir High Court has ruled that a Magistrate is "sufficiently empowered to grant ex-parte relief" even in the absence of a Domestic Incident Report DIR under the DV…
The CESTAT has ruled that demand under Section 73A of the Finance Act is "unsustainable without proof of service tax collection." Section 73A deals with the recovery of service…
Meta and Ray-Ban have launched AI-powered smart glasses, integrating advanced artificial intelligence directly into wearable technology. These glasses offer features like…
Belong has raised $5 million to provide fintech solutions for Non-Resident Indians NRIs via GIFT City. This funding injection indicates significant investor confidence in the…
Varthana has secured ₹159 crore in debt funding to scale affordable schools and boost green infrastructure. This significant financial injection highlights a growing trend of…
The Karnataka High Court has relegated Prajwal Revanna's bail plea in a rape case to the Sessions Court, imposing a 10-day deadline. This decision signifies a procedural step in a…
The Madras High Court has set aside an order and remanded for fresh consideration because the SCN Show Cause Notice reply lacked supporting documents due to non-availability. This…
The Telangana High Court has disposed of a CESTAT appeal, ruling that excise demands were extinguished by an NCLT National Company Law Tribunal order. This significant decision…
A viral video claiming RBI Governor Shaktikanta Das endorses a "$1 million/month investment" has been debunked by PIB Fact Check. This incident highlights the prevalence of fake…
The ITAT has restored an ex-parte Income Tax assessment case for "meritorious adjudication" despite the assessee being continuously absent. An ex-parte assessment is made without…
TNRERA Tamil Nadu Real Estate Regulatory Authority has cracked down on misleading ads, banning terms like "terms and conditions apply" and travel time claims from landmarks. This…
The Karnataka High Court has quashed an Income Tax assessment order, ruling that the failure to send notices to the updated email address denied a fair hearing. This crucial…
The ITAT has remanded Honda Motorcycle India's ₹108.4 crore FTS Fees for Technical Services payment to Asian Honda to determine taxability/PE Permanent Establishment under the…
The Chennai ITAT has, for the first time, applied the "surviving period rule" to quash an Income Tax reassessment notice. This significant ruling provides a new ground for…
The Madhya Pradesh High Court has set aside a GST SCN Show Cause Notice and order because the notice merely reproduced Section 29 2E instead of stating a clear reason for…
The Income Tax Appellate Tribunal ITAT has deleted the addition of a senior citizen's cash deposit, confirming it arose from agriculture income and past savings. This…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that no service tax is payable on foreign exhibition services performed abroad. This decision clarifies…
The Kerala High Court has ruled that proceedings cannot be initiated against a company if its resolution plan has been approved under Section 31 of the IBC by the Adjudicating…
ICAI Institute of Chartered Accountants of India has issued clarificatory FAQs Frequently Asked Questions on its "Guidance Note on Financial Statements of Non-Corporate Entities."…
The Madras High Court has set aside an order and remanded for fresh consideration because the SCN Show Cause Notice reply lacked supporting documents due to non-availability. This…
The Gujarat High Court has quashed a reassessment notice under the Income Tax Act issued beyond the limitation period prescribed by TOLA Taxation and Other Laws Relaxation of…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that a recorded statement under Section 108 of the Customs Act is not admissible if witnesses are not…
The Madras High Court has allowed a business to contest a GST order on payment of dues without interest and penalty, after it closed down and was unaware of GST notices. This…
The Gujarat High Court has quashed an Income Tax assessment due to the failure to follow SOP Standard Operating Procedure in faceless proceedings for a non-responsive PAN holder.…
The Income Tax Appellate Tribunal ITAT has criticized the CIT A Commissioner of Income Tax Appeals for rejecting additional evidence and has set aside the order on an ex-parte…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that transport services by a single truck operator without consignment notes fall under the negative list,…
The ITAT has upheld the deletion of a ₹4,343 crore depreciation disallowance, ruling that NHAI National Highways Authority of India grants are "not deductible from project cost."…
The NCLAT National Company Law Appellate Tribunal has ruled that a petition under Section 9 of the IBC cannot be rejected merely on a general dispute raised based on a single…
The Madras High Court has dismissed a petition against the imposition of penalty, but allowed 15 days to file an appeal despite the lapse of limitation, where GST was already…
The NCLAT National Company Law Appellate Tribunal has upheld the NCLT's National Company Law Tribunal condonation of a 26-day delay under the IBC Insolvency and Bankruptcy Code ,…
The Calcutta High Court has directed the GST department to provide an opportunity for hearing in an ex-parte order demanding GST based on a difference in turnover from an earlier…
The Madras High Court has remanded a GST case, directing the authorities to "defreeze a bank account" and not mandate a pre-deposit, as no consideration was given to the reply to…
The Madras High Court has ruled that the DRT Debt Recovery Tribunal is not bound by the CPC Code of Civil Procedure , citing Section 22 of the RDB Act Recovery of Debts and…
The ITAT has upheld a reassessment despite a lack of cross-examination, ruling that the Assessing Officer AO is not required to record a categorical finding for income escapement.…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that the extraction, crushing, and sizing of coal amount to manufacture and are not liable to service tax…
The Income Tax Appellate Tribunal ITAT has condoned a five-year delay in income tax appeals filed by the Institute of Nephro-Urology, quashing the CIT A /NFAC order for ignoring…
The MCA Ministry of Corporate Affairs has amended the CSR Corporate Social Responsibility policy rules and introduced a new CSR-1 e-form. These changes aim to enhance…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has remanded a matter to the Commissioner concerning the classification of offshore services as either export or…
A Chartered Accountant CA has been arrested in connection with a massive ₹750 crore fake loan app scam. This serious development highlights the involvement of financial…
The CBDT Central Board of Direct Taxes has made Aadhaar OTP One Time Password mandatory for updating email and mobile numbers linked to PAN Permanent Account Number . This new…
The Telangana High Court has directed authorities to decide a representation in 8 weeks regarding the "delay in granting gazetted status to Deputy State Tax Officers." This…
The ITAT has deleted a ₹96 crore "bogus purchases" addition, ruling that a statement recorded under Section 133A during a survey has "no independent evidentiary value." Section…
The ITAT has held that the "quantum of expenditure" is not relevant for the purposes of Section 12AB registration, and has directed the authorities to grant registration based on…
An accountant at a Mumbai school has been implicated in siphoning off ₹1.44 crore through 45 fake refunds, leading to an FIR First Information Report registration. This serious…
Zepto is reportedly raising $500 million at a $7 billion valuation. This substantial funding round indicates strong investor confidence in the quick commerce startup, despite a…
Showing 50 of 42930 updates