News & Judgements

Loopworm, a startup focused on manufacturing recombinant proteins, has netted $3.3 million in funding. This investment highlights growing interest in biotechnology and sustainable…

The Income Tax Appellate Tribunal ITAT has ruled that when dealing with unaccounted receipts, only the profit embedded within them can be taxed, not the entire gross amount. This…

The Madras High Court has condoned a 142-day delay in the physical service of a GST notice, granting permission for the taxpayer to proceed with their appeal. This compassionate…

Surge AI has reportedly secured substantial funding, leading to a valuation of $1.5 billion. This significant fundraise underscores the booming investment in the artificial…

SEBI is proposing to relax norms for converting private Infrastructure Investment Trusts InvITs into public ones. This move aims to make it easier for private InvITs, which are…

Eternal, formerly Zomato, has granted Employee Stock Ownership Plans ESOPs worth ₹168 crore. This move reflects the company's strategy to attract, retain, and motivate its…

The Cabinet has approved a ₹1.07 lakh crore Employment-Linked Incentive ELI Scheme. This substantial outlay aims to boost employment generation across various sectors by providing…

Assam-based Woolah has secured a patent for its innovative "bagless tea technology" and is set for a global launch. This groundbreaking patent signifies a significant leap in the…

CoinDCX co-founder Sumit Gupta has partnered with ISRO scientists to launch Astrobase, a space-tech startup, raising $7 million in seed funding. This venture signals a significant…

The government has revised ride-hailing rules, implementing a 2x surge pricing cap, introducing cancellation fees, and pushing for bike taxis. These new regulations aim to balance…

The Karnataka High Court has delivered a ruling regarding advertisement tax on signboards located within a college campus. This case likely involved a dispute over whether such…

The Kerala High Court has ruled that there is no inherent right to reinstatement of a Customs Broker license after a breach of trust with the Customs Department. This decision…

The Uttarakhand State Commission has dismissed a deficiency complaint against National Insurance, ruling that misrepresentation is a valid ground for repudiation of an insurance…

The Delhi High Court has ruled that a criminal facing an Extradition Act can seek anticipatory bail. This is a significant legal development as anticipatory bail is typically…

The Bombay High Court has delivered a judgment in a Bollywood songs copyright infringement case. This ruling addresses the complexities of intellectual property rights within the…

The Bombay High Court has definitively ruled that an Aadhaar card is not mandatory for opening a bank account. This judgment reinforces previous Supreme Court pronouncements,…

The Delhi High Court has directed the Centre to ensure RTI Right to Information information is provided in the modes sought, with adequate safety measures. This ruling underscores…

The Kerala High Court has initiated a suo motu on its own motion proceeding concerning a conflict between police and lawyers. This action by the court highlights a serious concern…

The Bombay High Court has ruled that rape cases cannot be quashed based on a compromise between the parties, and a woman is liable for perjury if she disowns allegations…

The Bombay High Court has issued a ruling concerning the changing nature of a dispute through the amendment of pleadings. This legal principle addresses when and how parties can…

GST collections in June hit ₹1.85 lakh crore, marking a 6.2% increase year-on-year. This healthy growth indicates sustained economic activity and improved compliance within…

The Madras High Court has directed a fresh consideration in an Income Tax proceeding after a dispute over the correct email ID led to an ex-parte order. This decision highlights…

Terex Ventures is actively engaging with Japan's AI community to boost AI investment in India, Japan, and the UAE. This strategic initiative highlights a growing trend of…

The Debt Recovery Appellate Tribunal DRAT has permitted the rectification of a typographical error in an application submitted for de-freezing a savings account. This pragmatic…

The Debt Recovery Appellate Tribunal DRAT has ruled that a certificate of family members, obtained from the Tahsildar's office, is admissible evidence to prove legal heirship.…

The Income Tax Appellate Tribunal ITAT has ruled that income tax exemption under Section 11 cannot be denied solely due to a delay in filing Form 10B. Form 10B is an essential…

The Central Board of Direct Taxes CBDT has released a clarification regarding the waiver of interest levied under Sections 201 1A and 206C 7 of the Income Tax Act. These sections…

The Income Tax Appellate Tribunal ITAT has ruled that "telescoping" of unaccounted payments against unaccounted receipts is permissible when both are clearly business-related.…

The Central Board of Direct Taxes CBDT has officially notified the Cost Inflation Index CII at 376 for the new Financial Year, effective from April 1. This index is a critical…

The Ghaziabad Municipal Corporation has retracted its proposed property tax hike following significant public outcry. This decision demonstrates the civic body's responsiveness to…

The Gujarat High Court has reaffirmed that Permanent Account Number PAN is not mandatory for non-residents to avail a lower Tax Deducted at Source TDS rate under a Double Taxation…

The Ministry of Corporate Affairs MCA has formally notified the Companies Restriction on Number of Layers Amendment Rules, 2025, including an amended Form CRL-1. These updated…

The Debt Recovery Appellate Tribunal DRAT has affirmed an appellant's right to cross-examination, even against an ex-parte original application OA . An ex-parte order is rendered…