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…
05/07/20251 min read
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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 "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 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 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…
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…
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…
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 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 AAR has ruled that an "advance ruling" sought on the taxability of a supplier's transactions and the local authority status for Thane Municipal Transport Undertaking is "not…
The Supreme Court has dismissed a Special Leave Petition SLP due to a 225-day delay in a case regarding the "classification of fabrics partially coated with plastics and bearing…
The DGFT has notified the sugar export quota for the European Union EU under the Tariff Rate Quota TRQ for the financial year 2025-26. This notification is a crucial step in…
The Supreme Court has disposed of a Special Leave Petition SLP by relying on a previous judgment, upholding the validity of the Tola Total Loss Adjustment Act. The court's…
The Punjab and Haryana High Court has denied anticipatory bail in a ₹4.25 crore GST fake billing case, stating that "custodial interrogation is needed to uncover the modus…
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…
TCS has extended its partnership with Weatherford to "support AI-driven transformation." The partnership is a significant development in the technology sector, highlighting the…
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 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…
India is actively promoting digital transactions through new incentives for RuPay and UPI, while also enhancing cybersecurity measures. This strategic push aims to make digital…
BlueStone's IPO is set to open on August 11, with the issue size cut by ₹180 crore. The reduction in the IPO size signals a strategic decision by the company to adjust to market…
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…
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…
BlackBuck, a logistics platform, has reported a revenue of ₹144 crore in Q1 FY26, with its profit growing by 17%. The company's financial performance signals a positive trend in…
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 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 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 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 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…
India has extended the anti-dumping duty on black toner imports from China, Malaysia, and Taiwan. The decision, which came after a thorough investigation, is aimed at protecting…
A trader in Nagpur has been arrested for his involvement in a ₹33.93 crore fake Input Tax Credit ITC scam under the Maharashtra Goods and Services Tax MGST Act. The arrest was…
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 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…
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