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The Delhi High Court has set aside a ₹10 crore security demanded by Customs for provisional release of seized goods, calling it onerous. This significant ruling provides relief to…
The Allahabad High Court has granted bail to a POCSO convict, stating that his 'criminality is washed off' due to his marriage to the victim and the birth of their child. This…
The Delhi High Court has slapped costs on an advocate for filing multiple pleas against a real estate firm. This disciplinary action underscores the court's disapproval of…
Ather Energy has posted a revenue of ₹645 crore in Q1 FY26, with its losses remaining flat. The financial results, which show a robust revenue growth but persistent losses,…
TBO Tek has posted a revenue of ₹511 crore in Q1 FY26, with its profits remaining flat. The company's financial results, which show strong revenue growth but a lack of profit…
Kaynes is planning a ₹5,000 crore electronic parts facility in Tamil Nadu. The investment is a significant development for the state's manufacturing sector and is expected to…
Antfin is reportedly planning a ₹3,800 crore block deal to exit Paytm. This planned exit is a significant development for both companies and signals a major shift in Paytm's…
The Karnataka GST department has sent notices to over 7,000 unregistered vendors based on data from UPI transactions. This move is a significant step in the department's use of…
Info Edge-backed Nopaperforms has successfully converted into a public company, a crucial step ahead of its anticipated IPO. This legal transformation signifies the company's…
A Swiggy block deal saw 3.2 million shares worth ₹122 crore change hands, indicating a significant transaction involving the food delivery giant. A block deal is a large,…
An insurer has been ordered to pay ₹3 lakh for rejecting a car insurance claim in Dehradun. This decision highlights the accountability of insurance companies when claims are…
A racket involving the generation of fake e-way bills for empty vehicles has been busted in Hyderabad. The fraudsters were using the fake bills to claim fraudulent Input Tax…
A Lok Sabha panel has recommended over 330 changes to the proposed Income Tax Bill, 2025, to boost clarity and simplify the law. The recommendations, which came after extensive…
The Delhi High Court has ruled that a "pre-filled SCN waiver form is not legally valid" and has ordered the release of jewellery upon payment. The court found that the Customs…
The NCLT has admitted an insolvency plea over a ₹7 crore debt arising from an "inter-corporate loan default." The tribunal’s decision was based on the fact that the loan, which…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has quashed a provisional release order of seized goods that was based on furnishing a bank guarantee, specifically…
Travel Food Services has successfully raised ₹598 crore from anchor investors ahead of its ₹2,000 crore IPO launch. Anchor investors are typically large institutional investors…
A massive ₹867 crore bogus transaction scam involving GST has been uncovered in Ludhiana, highlighting significant tax evasion. This racket likely involved the creation of shell…
The Income Tax Appellate Tribunal ITAT has upheld a ₹15 lakh disallowance, affirming the Assessing Officer's AO application of Rule 8D for exempt dividend income. Rule 8D…
The Madras High Court has intervened in a dispute over property ownership during a company's liquidation process, directing the Official Liquidator to value the building through…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that Cenvat Credit cannot be denied if Service Tax is paid and accepted. The tribunal has remanded All…
The Karnataka High Court has provided relief to Toyota Kirloskar, quashing a state GST notice amid central proceedings, ruling that there cannot be double GST action on the same…
The Kerala High Court has upheld the validity of a Show Cause Notice SCN served on an adult member of the noticee's family under Section 153 of the Customs Act. This ruling…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that the transport of industrial gases in cylinders by a carrier agency upon issue of a consignment note…
The Central Board of Direct Taxes CBDT has formally granted income tax exemption to the Karnataka State Pollution Control Board KSPCB . This notification confirms the tax-exempt…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that security services qualify as 'input service' under Rule 2 l of Cenvat Credit Rules, as the service is…
The Kerala High Court has reiterated that a mandatory personal hearing under Section 28B of the Customs Act cannot be denied by relying on a special provision, Section 122A. This…
A taxpayer has shared medical bills with the Income Tax Department, seeking an urgent refund for surgery, stating, "I need my ITR refund for surgery." This plea highlights the…
The government has initiated a mid-term review of the anti-dumping duty on jute products imported from Bangladesh and Nepal. This review aims to reassess the necessity and impact…
The Patna High Court has stated no prima facie case for interference under Article 226 writ jurisdiction concerning a GST ITC fraud involving nine GSTINs and nil returns. This…
The Income Tax Department has enabled online filing of Form ITR-B for notices issued under Section 158BC via the e-proceeding tab. This digital advancement streamlines compliance…
A massive ₹867 crore bogus transaction scam involving GST has been uncovered in Ludhiana, highlighting significant tax evasion. This racket likely involved the creation of shell…
A GST Intelligence Officer has been honored for busting an ₹870 crore tax evasion racket. This significant achievement highlights the relentless efforts of tax authorities in…
The Income Tax Department has launched "TaxAssist," a new initiative designed to guide taxpayers, flag errors, and ensure compliance. This digital tool or service aims to simplify…
ArisInfra shares have surged nearly 8% after the company secured an ₹100 crore order. This positive market reaction indicates strong investor confidence in ArisInfra's business…
Nykaa's early investor, Harindarpal Singh Banga, has reportedly sold shares worth ₹1,215 crore. This significant stake sale by a pre-IPO investor often occurs after lock-in…
Reliance is undertaking a major restructuring, planning to transfer its consumer businesses to a new entity, RCPL. This strategic move aims to consolidate and streamline…
A Swiggy block deal saw 3.2 million shares worth ₹122 crore change hands, indicating a significant transaction involving the food delivery giant. A block deal is a large,…
Info Edge-backed Nopaperforms has successfully converted into a public company, a crucial step ahead of its anticipated IPO. This legal transformation signifies the company's…
The Kerala High Court has ruled that the absence of an express reference for 'conveyance' in a confiscation order does not exclude it from confiscation under Section 130 of the…
The Supreme Court has sent HDFC Bank CEO back to the High Court for relief in the Lilavati Trust case. This directive indicates that the highest court found the matter suitable…
The Reserve Bank of India RBI has banned fines for pre-paying some business loans. This crucial directive aims to alleviate the financial burden on businesses, particularly MSMEs,…
An insurance company has been ordered to reimburse ₹4 lakh for a stem cell transplant to a liver cirrhosis patient. This ruling, likely by a consumer court or ombudsman, provides…
An insurer has been ordered to pay ₹3 lakh for rejecting a car insurance claim in Dehradun. This decision highlights the accountability of insurance companies when claims are…
India's fintech sector raised $889 million in H1 2025, marking a 5% fall year-on-year, according to a Tracxn report. This data indicates a slight cooling in funding for the Indian…
Travel Food Services has successfully raised ₹598 crore from anchor investors ahead of its ₹2,000 crore IPO launch. Anchor investors are typically large institutional investors…
Morgan Stanley has updated its forecast, assigning significant value to Reliance's New Energy and AI businesses by July 2025. This revised valuation highlights the increasing…
ReNew Global's promoters, including Masdar, have hiked the offer price for public shares, raising its valuation to $3.2 billion. This increase in offer price suggests strong…
Yulu, the electric bike-sharing platform, is set to raise $8.2 million from co-founders via a rights issue. A rights issue allows existing shareholders to purchase additional…
Indian insurance companies are urging the IRDAI Insurance Regulatory and Development Authority of India to implement reforms in bond valuation norms. Currently, insurers are…
The Delhi High Court has set aside a ₹10 crore security demanded by Customs for provisional release of seized goods, calling it onerous. This significant ruling provides relief to…
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