The CBI has arrested a Customs Superintendent in Mumbai for accepting a bribe of ₹10.20 lakh to clear cargo consignments. The official was apprehended in a trap laid by the agency…
05/07/20251 min read
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The CBI has arrested a Customs Superintendent in Mumbai for accepting a bribe of ₹10.20 lakh to clear cargo consignments. The official was apprehended in a trap laid by the agency…
Traders in Gujarat are alleging that GST officials are misusing their inspection powers, leading to harassment and procedural violations. The traders have raised concerns about…
The CGST Delhi South Commissionerate has busted a major fake Input Tax Credit ITC racket worth ₹47.12 crore in the iron and steel trade. The mastermind behind the scam was…
A report on MUFG's $334 million bet on India sparks a "wake-up call for investor due diligence." The report highlights the importance of thorough due diligence, especially when…
Legal-tech startup August has raised $7 million from New Enterprise Associates and Pear VC. The funding is a significant boost for the startup and signals a strong investor…
Spotify is charging 28% more in India, and a report explains why. The price increase is a significant development for the music streaming platform's users in the country. The…
TCS has extended its partnership with Weatherford to "support AI-driven transformation." The partnership is a significant development in the technology sector, highlighting the…
Indian cloud companies are set to "storm local skies with a low-cost advantage." The report highlights the growing potential of the domestic cloud market and the competitive…
The Uttar Pradesh Police are probing "Aadhaar-linked insurance fraud" and are warning of a rise in insurance scams using fake identities. The investigation highlights the…
Industry experts believe that RERA can "grade real estate promoters to increase credibility." The suggestion is aimed at improving transparency and protecting homebuyers. By…
Haryana RERA has served a notice to a developer to "comply with orders" after a money laundering case was filed by the ED. The notice highlights the increasing scrutiny of the…
The Supreme Court, expressing shock, has ordered the Allahabad High Court to strip a judge of the criminal roster. The court's decision came after it found that the judge had…
The Andhra Pradesh High Court has stayed the investigation against Sony India's Managing Director in a consumer fraud case. The court's decision is a significant development,…
The Patna High Court has dismissed the bail plea of a senior advocate accused in a murder case. The court's decision was based on the gravity of the crime and the evidence…
The Delhi High Court has ruled that a GST refund cannot be granted to a trader until their "cancelled registration is restored." The court's decision reinforces the legal…
The Supreme Court is hearing a Public Interest Litigation PIL to track foreign GST services, putting the issue of OIDAR Online Information and Database Access or Retrieval…
The NCLT, New Delhi, has ruled that a "Resolution Professional can't cherry-pick entries from financial records" while verifying claims of creditors. The tribunal’s decision…
The NCLAT, Chennai, has ruled that the "90-day timeline for schemes of compromise/arrangement is directory, not mandatory." This decision provides much-needed flexibility for…
SEBI has invited public comments on proposed amendments to "related party transactions" under the SEBI LODR Regulations. The move is aimed at enhancing corporate governance and…
IRCTC Payments has received a nod from the RBI to operate as a payment aggregator. This approval is a significant milestone for the company, allowing it to process online payments…
The Ernakulum District Commission has held Paytm and its officials liable for delivering a low-value t-shirt instead of a laptop, causing a loss to the consumer. The commission's…
SAIL has been granted relief by CESTAT, which ruled that a "captive use of steel items for internal roads and maintenance activities" is exempt from excise duty. The tribunal…
The Patna High Court has ruled that the "limitation to claim a GST refund begins from the date of correct IGST payment." The court's decision provides much-needed clarity on the…
The Supreme Court has refused to condone the filing of an SLP against an order upholding a merger and a short-term capital loss claim. The court's decision reinforces the…
The Delhi High Court has allowed a taxpayer to file an appeal despite the time elapsed, as the Customs Department failed to provide a hearing, ruling that "natural justice is not…
The Patna High Court has quashed a GST order for the denial of a post-reply hearing and has directed the department to comply with Section 75 4 immediately. The court's decision…
The AAR has ruled that the "cumulative income tax paid by a firm and its partners" is eligible for the Rule 86B exemption. The decision provides significant clarity on a…
The Supreme Court has upheld that the "excise duty on stock transfers to sister units" should be valued under Rule 8 at 110% of the cost. The court's decision settles a…
The ITAT has scrapped a tax demand on a real estate firm, ruling that the "on-money" tax demand was based on no evidence. The tribunal found that the tax authorities had failed to…
The Supreme Court has directed an assessee to opt for an appeal under the CGST Act, as ruled by the Gujarat High Court. The court's decision reinforces the importance of following…
The Supreme Court has dismissed a revenue's Special Leave Petition SLP over "income tax evasion by bogus LTCG and STCL claims." The court's decision signals that it found no merit…
The Calcutta High Court has dismissed a GST appeal for the non-exhaustion of the appeal remedy against an order blocking Input Tax Credit ITC on alleged fake invoices. The court's…
The ITAT has set aside the "ex-parte rejection of an 80G approval application" and has directed the CIT Exemption to re-examine the plea of the Takshashila Education and…
The ITAT has allowed an appeal and deemed a ₹28 lakh addition under "business income" unwarranted, as the CIT A missed the capital gain rectification. The tribunal found that the…
The Calcutta High Court has ruled that the GST department cannot send multiple notices to advocates for client information in fraud cases, explaining the principle of…
The Supreme Court has directed the GST Council to decide on the tracking of GST paid on OIDAR Online Information and Database Access or Retrieval services and has asked the…
The Press Information Bureau PIB has issued a "fake news alert," confirming that ₹500 notes are "not being withdrawn." The announcement was made to quell widespread rumors on…
The government has announced "MSME payment reporting overhauls" for ITR filing, with new updates in the Form 3CD audit report. These changes are aimed at improving transparency…
The Supreme Court has permitted the withdrawal of a Special Leave Petition SLP with liberty to return to the Punjab and Haryana High Court in a case involving a "year's delay in a…
The Supreme Court has dismissed a revenue's Special Leave Petition SLP , upholding a High Court's decision to quash the "debonding application of Dr. Reddy's Lab." The court’s…
The CESTAT has provided relief to Bata India, ruling that "MRP valuation is not applicable on institutional sales" and has quashed an excise duty demand. The tribunal found that…
The ITAT has scrapped a tax demand on a real estate firm, ruling that the "on-money" tax demand was based on no evidence. The tribunal found that the tax authorities had failed to…
The Patna High Court has ruled that the limitation period to claim a GST refund begins from the date of correct IGST payment, not from an earlier incorrect payment. The court’s…
The Supreme Court has dismissed a revenue's SLP, upholding the High Court's decision to quash the "debonding application of Dr. Reddy's Lab." The court's decision brings an end to…
The CESTAT has provided relief to Bata India, ruling that "MRP valuation is not applicable on institutional sales" and has quashed an excise duty demand. The tribunal found that…
The Delhi High Court has ruled that "three months under Section 73 2 of the GST Act means three calendar months, not 90 days." The court's decision provides much-needed clarity on…
The Government has released a list of 31 appointed Technical Members to the Goods and Services Tax Appellate Tribunal GSTAT . The appointments are a significant step towards…
The NCLAT has restricted Gensol from leasing out 152 EVs, a move that could impact the company's business operations. The tribunal's decision came after a dispute, and it…
Bobble AI is reportedly planning to raise fresh funds at a 30% valuation dip. This move by the company indicates a need for fresh capital and a recognition of the current market…
Clear, a fintech company, has cut 16% of its workforce amid the peak tax-filing season. The layoffs indicate a strategic shift by the company to streamline its operations and…
The CBI has arrested a Customs Superintendent in Mumbai for accepting a bribe of ₹10.20 lakh to clear cargo consignments. The official was apprehended in a trap laid by the agency…
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