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Three individuals have been apprehended in Ahilyanagar Nashik with counterfeit currency notes amounting to a face value of ₹66 lakh. This significant seizure highlights ongoing…
The Himachal Pradesh government has sought a waiver of a ₹5 lakh fine imposed by the High Court. While the specific reasons for the fine are not detailed, such penalties are…
Eggoz, a startup in the agritech sector focusing on the organized egg market, is set to raise ₹125 crore approximately $15 million in funding from Gaja Capital and other…
The Income Tax Appellate Tribunal ITAT has ruled that a taxpayer's inability to sign an appeal does not constitute a "reasonable cause" for condoning an inordinate delay in…
Three individuals have been apprehended in Ahilyanagar Nashik with counterfeit currency notes amounting to a face value of ₹66 lakh. This significant seizure highlights ongoing…
The Income Tax Appellate Tribunal ITAT has ruled that Corporate Social Responsibility CSR contributions are eligible for deduction as donations under Section 80G of the Income Tax…
Tenneco Clean Air India, a company backed by Apollo Global, is reportedly planning an Initial Public Offering IPO soon, having filed preliminary papers with SEBI for a ₹3,000…
The Himachal Pradesh government has sought a waiver of a ₹5 lakh fine imposed by the High Court. While the specific reasons for the fine are not detailed, such penalties are…
Walko Food Company has acquired Meemee's Ice Creams, marking its strategic entry into the artisanal dessert vertical. This acquisition allows Walko Food to diversify its product…
Torrent Pharmaceuticals anticipates recovering the acquisition cost of JB Chemicals & Pharmaceuticals within a remarkably short period of 2.5 years from taking control. This…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that no service tax is leviable on projects completed before July 2010, even if the payments for such…
Torrent Pharmaceuticals has successfully secured a massive ₹20,000 crore approximately $2.4 billion credit line to finance its proposed acquisition of JB Chemicals &…
Eggoz, a startup in the agritech sector focusing on the organized egg market, is set to raise ₹125 crore approximately $15 million in funding from Gaja Capital and other…
Walko Food Company has acquired Meemee's Ice Creams, marking its strategic entry into the artisanal dessert vertical. This acquisition allows Walko Food to diversify its product…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has reaffirmed that land and material costs must be excluded when calculating service tax on works contracts. This…
Peak XV Partners, formerly Sequoia Capital India, is reportedly experiencing significant windfall gains from recent Initial Public Offerings IPOs and successful investments across…
Meta, the parent company of Facebook, Instagram, and WhatsApp, is reportedly seeking to raise substantial funding for its Artificial Intelligence AI data center initiatives. This…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has clarified that rectification applications filed under Section 74 of the Finance Act can indeed extend the…
Cricket icon Virat Kohli has acquired a significant 19.4% stake in Agilitas Sports, a new sportswear and athleisure company. This strategic investment marks a notable entry for…
The Income Tax Appellate Tribunal ITAT has ruled that a bank passbook cannot be considered "books of account" for the purpose of making an addition under Section 68 of the Income…
Jumbotail, a leading B2B e-commerce platform catering to Kirana stores, has achieved unicorn status after successfully raising $120 million in its Series D funding round. This…
The Income Tax Department has flagged approximately 1.65 lakh Income Tax Returns ITRs for scrutiny for Assessment Year 2024-25, marking a significant three-fold increase compared…
Curefoods, a prominent cloud kitchen and food brand aggregator, reported a robust revenue of ₹746 crore in Fiscal Year 2025. Notably, its dessert-led income segment demonstrated…
Infra.Market, a prominent B2B marketplace for construction materials, has successfully secured a substantial $150 million in funding from Mars Growth Capital. This significant…
Aukera, a brand specializing in lab-grown diamonds, has successfully raised $15 million in a funding round, primarily led by Peak XV. This significant investment highlights the…
The Bombay High Court has issued a significant ruling stating that a "perpetual assignment" of music rights covers all future technologies, not merely those existing at the time…
The Jharkhand High Court has passed an order for monthly alimony to a wife and her autistic child, specifically determining the amount based on the husband's income as revealed…
The Allahabad High Court has issued an order for the release of additional flats in stalled real estate projects located in Noida. This significant directive aims to alleviate the…
The Karnataka High Court has ruled that caretakers of a property are not entitled to seek an injunction against the owners of the suit property. This decision clarifies the legal…
The Kerala High Court has deferred the appearance of Saji John, a revenue official RDO , before a trial court in a money laundering case. The case is currently under investigation…
The Madras High Court has ordered further investigation in a POCSO Protection of Children from Sexual Offences case, specifically taking into account a negative DNA report. This…
The Patna High Court has issued a stern directive, demanding immediate and decisive state action to combat the rampant trafficking of children into orchestra and dance groups.…
The Kerala High Court has ruled that goods confiscated under Section 130 of the Goods and Services Tax GST Act can be released during the pendency of an appeal, provided they have…
The Telangana High Court has clarified that the appointment of a sole arbitrator by one party, when the other party fails to act after receiving proper notice, does not constitute…
The Haryana Real Estate Regulatory Authority RERA has rejected a homebuyer's refund claim after the developer cancelled their allotment due to the homebuyer's consistent…
The Uttarakhand State Commission has dismissed a complaint filed against Oriental Insurance, ruling that the claim made by the complainant fell outside the stipulated scope of the…
The Madras High Court has quashed an income tax order, ruling in favor of a taxpayer who could not opt for a personal hearing due to a technical glitch in the Income Tax Portal.…
The Gujarat High Court has refused to grant bail to an accused involved in a ₹14 lakh cybercrime case, which utilized forged documents and impersonation as officials from the…
The Debt Recovery Appellate Tribunal DRAT has ruled that a loan granted under a State Government-sponsored scheme does not amount to "debt" as defined under Section 2 g of the…
The Calcutta High Court has refused to quash a GST registration cancellation order after it was found that no business was being conducted at the declared address. The High Court…
The Himachal Pradesh High Court has emphatically stated that "reasons is the heartbeat of every conclusion," quashing a GST appellate order that dismissed an appeal solely on the…
The Gauhati High Court has quashed a Goods and Services Tax GST demand due to the lack of a proper Show Cause Notice SCN under Section 73 of the CGST Act. Section 73 deals with…
The Madras High Court has ruled that a Goods and Services Tax GST order is liable to be set aside when no hearing under Section 75 4 of the CGST Act is provided. Section 75 4…
The Income Tax Appellate Tribunal ITAT has ruled that invoking Section 263 of the Income Tax Act to revise an assessment based on interest on loan disallowance is invalid when the…
The Income Tax Appellate Tribunal ITAT has ruled that an ad-hoc disallowance without complete verification is unsustainable, leading to the deletion of a ₹22 lakh addition made…
The Karnataka High Court has issued a stay order on the Advance Ruling Authority's AAR plans to revoke the tax exemption for Namma Yatri, a local ride-hailing app. This temporary…
In a case where the assessee provided no proof for certain expenses and the Income Tax Department failed to provide comparables to justify its ad-hoc disallowance, the Income Tax…
The Income Tax Appellate Tribunal ITAT has ruled that a "technical dismissal without going into merits is unsustainable," and has accordingly restored a case for fresh…
The Income Tax Appellate Tribunal ITAT has upheld the deduction of ₹2.93 crore in interest expenses and ₹4.01 crore in management expenses, citing a clear business purpose as per…
A Bangalore IT employee's termination has sparked a debate among X formerly Twitter users, highlighting the disconnect between high income, substantial tax payments, and perceived…
Three individuals have been apprehended in Ahilyanagar Nashik with counterfeit currency notes amounting to a face value of ₹66 lakh. This significant seizure highlights ongoing…
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