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The SGST State Goods and Services Tax has launched a statewide crackdown on scrap dealers to curb GST evasion. This targeted enforcement action indicates that authorities suspect…
The Income Tax Appellate Tribunal ITAT has ruled that interest from land acquisition cannot be taxed under 'income from other sources'. This significant decision provides relief…
The Income Tax Appellate Tribunal ITAT has deleted a crore adjustment, holding that the amendment was prospective and utilization was within the permissible timeframe. This…
Amazon has expanded its quick commerce service to Delhi, indicating a strategic push to capture a larger share of India's rapidly growing instant delivery market. Quick commerce,…
GenAI startup Subtl.ai has shut shop after failing to raise funds. This unfortunate development highlights the harsh realities of the startup ecosystem, where even promising…
IIT Madras is set to launch a ₹200 crore alumni-backed early-stage startup fund. This significant initiative highlights the institution's commitment to fostering entrepreneurship…
Nykaa has reported Q1 revenue growth in the mid-20% level for both Beauty and Fashion, driven by "Pink Day" sales. This positive financial update indicates continued strong…
Ahead of its IPO, Captain Fresh, a B2B seafood marketplace, has converted into a public entity. This crucial legal and corporate restructuring signifies the company's readiness to…
The Income Tax Appellate Tribunal ITAT has condoned a days' delay in filing an Income Tax appeal due to personal problems. This compassionate ruling highlights the tribunal's…
The Income Tax Appellate Tribunal ITAT has upheld the deletion of a lakh addition for unexplained cash credit, confirming a genuine loan repayment through banking channels. This…
The Income Tax Appellate Tribunal ITAT has set aside a CITA's Commissioner of Income Tax Appeals deletion of a crore addition under Section 68, and remanded it to the AO, as the…
The Income Tax Appellate Tribunal ITAT has deleted a lakh cash deposit addition, citing prior cash withdrawals for medical treatment. This compassionate ruling provides…
PAG Pacific Alliance Group is reported to be "most hit" by SEBI's curb on Jane Street. This indicates that PAG, a major global investment firm, had significant exposure or…
The Delhi High Court has dismissed Turkish firm Elebi's plea against the revocation of its security clearance. This ruling supports the Indian government's decision to revoke the…
The Allahabad High Court has strongly commented that "tech has altered crime, lives destroyed when indecent photos are circulated on social media." This powerful statement…
There's a setback for Saif Ali Khan as the MP High Court has set aside an order on the inheritance of ₹15,000 crore royal property. This significant development reopens a…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has provided relief to Bosch, ruling that the notional cost of free designs from Maruti is not part of excise duty…
An Indian Redditor has recounted corruption woes in the department: "one GST registration, two bribes, and three slaps to meritocracy." This anecdotal but impactful account…
The Delhi High Court has ruled that an amendment to bring an additional ground to Section 34 is maintainable, and objections are not beyond judicial scrutiny of a Section 34…
Khetika, an agri-tech startup, has raised $1.8 million in funding, led by the Narotam Sekhsaria Family Office and Anicut Capital. This seed or early-stage funding indicates strong…
The Bombay High Court has set aside a ₹170 crore GST demand against Go Digit General Insurance, ordering fresh adjudication. This significant relief for Go Digit indicates that…
Square Yards, a proptech company, is planning to raise ₹2,000 crore via an IPO at a $1.5-2 billion valuation. This ambitious move indicates Square Yards' intent to tap public…
Smartworks, a co-working space provider, clocked ₹1,374 crore in revenue and a ₹62 crore loss in FY25. These financial results indicate significant revenue generation but also…
The Karnataka High Court is hearing BJP MP Tejasvi Surya's plea for the Namma Metro fare fixation committee report. This indicates a public interest concern regarding the…
The Bombay High Court has ruled that an under-construction flat can be considered a "shared household" for purposes of the Domestic Violence Act, even if the husband is paying…
The Kerala High Court is hearing contempt charges against MLA D.K. Singh and R. Rajesh. Contempt of court proceedings are initiated when an individual defies a court order or…
The Allahabad High Court has granted bail to an ex-IPS officer accused of killing his lawyer wife and hiding her in a home closet to evade arrest. This high-profile case…
NBFC Inprime has secured $3 million in funding from Info Edge and other investors to grow beyond Indian metros. This significant investment indicates confidence in Inprime's…
The Business Standard has reported that corporate fraud accounts pose tough challenges for the banking system. This highlights a significant and ongoing threat to financial…
Bank of India has cut its savings account rates by 25 basis points 0.25% . This decision means customers will earn less interest on their savings deposits with the bank. Banks…
The Kerala High Court is hearing contempt charges against MLA D.K. Singh and R. Rajesh. Contempt of court proceedings are initiated when an individual defies a court order or…
The Kerala High Court has issued a conditional arrest order for the sister ship MV MSC Akiteta II in an Admiralty Suit filed by the Government of Kerala against MSC Elsa 3. This…
The Allahabad High Court has strongly commented that "tech has altered crime, lives destroyed when indecent photos are circulated on social media." This powerful statement…
The Bombay High Court has set aside a ₹170 crore GST demand against Go Digit General Insurance, ordering fresh adjudication. This significant relief for Go Digit indicates that…
Smartworks, a co-working space provider, clocked ₹1,374 crore in revenue and a ₹62 crore loss in FY25. These financial results indicate significant revenue generation but also…
The Bombay High Court has ruled that an under-construction flat can be considered a "shared household" for purposes of the Domestic Violence Act, even if the husband is paying…
The Bombay High Court has ruled that reassessment under Section 147 of the Income Tax Act beyond 4 years requires specific non-disclosure by the assessee, not mere bald…
The Madras High Court has ruled that an Assessing Authority is not bound by Appellate Tribunal's observations in a de novo assessment and is free to decide afresh. A de novo…
The Allahabad High Court has granted bail to an ex-IPS officer accused of killing his lawyer wife and hiding her in a home closet to evade arrest. This high-profile case…
The Kerala High Court has ruled that AD-I Banks Authorized Dealer Category-I Banks can grant extensions for export drawback claims, and RBI's direct approval is not mandatory.…
Ahead of its IPO, Captain Fresh, a B2B seafood marketplace, has converted into a public entity. This crucial legal and corporate restructuring signifies the company's readiness to…
The Business Standard has reported that corporate fraud accounts pose tough challenges for the banking system. This highlights a significant and ongoing threat to financial…
The Kerala High Court has quashed income tax proceedings under Section 148 against a co-operative society initiated on a cancelled PAN. This significant ruling provides relief to…
The NCLT Mumbai has ruled that a financial creditor can amend the date of default even if pleadings are closed. This significant decision provides flexibility to financial…
The Jammu & Kashmir High Court has ordered compensation for the illegal termination of a lease. This significant ruling protects individuals and entities from arbitrary or…
The Delhi High Court has ruled that clauses in a contract favoring an employer over a contractor in claiming damages are deemed knowingly included if not questioned before an…
The Kerala High Court has ruled that a reply to one SCN Show Cause Notice on an old email cannot justify non-service of a subsequent notice on an updated email. This significant…
The Ministry of Corporate Affairs MCA has migrated 38 company e-filing forms to the V3 portal, and new FAQs clarify annual filing, Lot 3 migration, and compliance for corporate…
The Kerala High Court has ruled that an income tax assessment is invalid if an SCN Show Cause Notice is sent to an old email after an update, even if earlier notices were…
An Indian Redditor has recounted corruption woes in the department: "one GST registration, two bribes, and three slaps to meritocracy." This anecdotal but impactful account…
The SGST State Goods and Services Tax has launched a statewide crackdown on scrap dealers to curb GST evasion. This targeted enforcement action indicates that authorities suspect…
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