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The ITAT allowed interest deduction of ₹5 lakh under Section 40 b , stating the interest was within the 12% limit and authorized by the partnership deed. The decision highlights…
The Allahabad High Court expressed concern over live-in relationships, particularly their impact on women and traditional family structures. The court opined that such…
A law student in Kolkata was allegedly gang raped by three individuals, including a lawyer. The police have taken all suspects into custody. The incident has sparked outrage and…
The Supreme Court ruled that a registered sale deed alone does not conclusively establish ownership unless followed by actual possession and title transfer. The verdict reinforces…
The Madras High Court emphasized that NGOs receiving foreign aid should not be viewed with inherent suspicion unless proven to violate laws. The bench highlighted the role NGOs…
The Supreme Court quashed the preventive detention of a law student in Madhya Pradesh, ruling it as excessive and unjustified. The Court reiterated that such detention must be…
A CBI court granted bail to a deputy registrar of NCLT Mumbai accused in a bribery case. The case highlights concerns of corruption within quasi-judicial institutions. While…
A law student in Kolkata was allegedly gang raped by three individuals, including a lawyer. The police have taken all suspects into custody. The incident has sparked outrage and…
The Madras High Court emphasized that NGOs receiving foreign aid should not be viewed with inherent suspicion unless proven to violate laws. The bench highlighted the role NGOs…
The Supreme Court ruled that a registered sale deed alone does not conclusively establish ownership unless followed by actual possession and title transfer. The verdict reinforces…
The Allahabad High Court intervened against bar associations charging ₹500 from litigants for photo ID cards, ruling such charges unjustified. The Court emphasized that access to…
The Uttarakhand High Court lifted the stay on panchayat elections, paving the way for resumption of the electoral process. The bench held that administrative preparations were…
The Allahabad High Court strongly criticized the Uttar Pradesh police and administration for repeated non-compliance with its orders. The Court noted a disturbing trend of…
The Allahabad High Court expressed concern over live-in relationships, particularly their impact on women and traditional family structures. The court opined that such…
A viral video showed a man attending Gujarat High Court proceedings from a toilet seat via video conferencing, leading to widespread social media commentary. The incident sparked…
The Karnataka High Court quashed a hate speech case against former CM Basavaraj Bommai, stating his remarks on Waqf land allocation did not meet the threshold for criminal…
The article examines Ola and Uber’s shift toward zero-commission or fixed-fee ride models, driven by regulatory push and driver unions. This marks a strategic reversal from…
Foxconn has received approval from Taiwan’s government to invest $2.2 billion across India and the US. The move signifies its continued shift toward diversified manufacturing and…
ZILO, a quick fashion delivery platform led by former Flipkart and Myntra execs, has raised $4.5 million in seed funding. The brand aims to disrupt the fast fashion market with…
The Madras High Court upheld a ₹1 lakh compensation awarded to a man who suffered custodial torture at the hands of police. The Court reiterated that custodial violence violates…
Wakefit, the D2C sleep solutions brand, reported an INR 8.8 Cr loss in the first 9 months of FY25 ahead of its IPO. While the company posted growth in revenues, increased costs,…
The Kerala High Court questioned the Central Board of Film Certification CBFC over objections to the title “Janaki” in a Suresh Gopi film. Drawing comparisons with widely accepted…
This financial tracker consolidates FY25 metrics of Indian startups including revenue, profit/loss, and expenditure. It serves as a benchmarking tool for founders, investors, and…
The Rajasthan HC clarified that the limitation period for filing a GST appeal commences from the date the order is communicated to the assessee. This interpretation impacts…
Jio BlackRock has received SEBI approval to commence operations as a brokerage firm. This joint venture between Reliance and BlackRock aims to disrupt India’s financial services…
Wakefit, the D2C sleep solutions brand, reported an INR 8.8 Cr loss in the first 9 months of FY25 ahead of its IPO. While the company posted growth in revenues, increased costs,…
Nazara Technologies’ subsidiary Sportskeeda has announced its acquisition of Prime Timer, a U.S.-based entertainment portal. This move marks a strategic global expansion for…
Foxconn has received approval from Taiwan’s government to invest $2.2 billion across India and the US. The move signifies its continued shift toward diversified manufacturing and…
In a ₹26 crore GST fraud case, the Rajasthan High Court granted bail to the accused, noting that the prosecution failed to present compelling grounds for continued detention. The…
The CESTAT quashed a service tax demand, ruling that Income Tax data alone is not sufficient to calculate service tax liability. It excluded the value of goods used in rendering…
Nazara Technologies’ subsidiary Sportskeeda has announced its acquisition of Prime Timer, a U.S.-based entertainment portal. This move marks a strategic global expansion for…
Mumbai’s auto rickshaw drivers’ union has launched a new ride-hailing app named ‘Yatri Mitra’ to compete with large aggregators like Ola and Uber. Unlike dynamic pricing models,…
Pine Labs has filed its Draft Red Herring Prospectus DRHP and disclosed its detailed shareholding structure. The breakdown reveals participation from global investors and notable…
The CESTAT noted a discrepancy in the recorded service tax liability, where an amount of ₹4.53 lakh was mistakenly taken as ₹6.06 lakh. It ordered a remand for factual…
The Patna High Court ruled that BRPNNL is not a “governmental authority” for the purpose of claiming service tax exemption on centage and toll services. The Court’s interpretation…
The article provides a detailed overview of Oman’s evolving tax structure, including corporate income tax and its implications for foreign investors and Indian businesses…
The GST Department has issued a massive ₹2298 crore show-cause notice SCN to New India Assurance over alleged discrepancies in tax compliance. The case likely involves issues with…
The Institute of Cost Accountants of India ICMAI and SEBI have initiated a task force for NISM certification, with a deadline for submitting Expressions of Interest EOI ending…
The Rajasthan High Court granted bail in a case related to alleged fake GST input tax credit ITC , citing that the department had not properly calculated the tax liability. The…
The ITAT ruled in favor of the assessee, noting that an MoU and bank statements sufficiently substantiated a loan and its repayment. It criticized the AO for failing to…
In a major GST fraud case involving ₹704 crores, the Rajasthan High Court denied bail to the accused, citing an attempted escape from custody and seriousness of the charges. The…
The ITAT ruled against the disallowance of payments to related parties under Section 40A 2 b , holding that the Assessing Officer failed to prove such payments were excessive or…
The ITAT held that when external comparables are unavailable, an assessee’s own past assessment history becomes a valid benchmark for determining income. This provides relief to…
The ITAT remanded an ex-parte order due to lack of adjudication on merits regarding Rs. 3 crore in sales and purchases. It criticized the Assessing Officer for not examining…
The ITAT allowed interest deduction of ₹5 lakh under Section 40 b , stating the interest was within the 12% limit and authorized by the partnership deed. The decision highlights…
ITAT overturned PCIT’s revision order and upheld the AO’s acceptance of a deduction under Section 24 b for housing loan interest. The Tribunal noted there was no error or…
The GST portal will disallow any edits to GSTR-3B filings post-July 2025. This mandates taxpayers to ensure error-free return submissions as no rectifications will be permitted…
Nazara Technologies has invested ₹4.74 crore in international gaming-focused VC funds to gain exposure to global gaming innovations. This strategic investment is part of Nazara’s…
The ITAT allowed a cooperative society’s claim for deduction under Section 80P 2 a i , stating it cannot be denied solely because the society lent funds to non-members. The…
ZILO, a quick fashion delivery platform led by former Flipkart and Myntra execs, has raised $4.5 million in seed funding. The brand aims to disrupt the fast fashion market with…
The ITAT allowed interest deduction of ₹5 lakh under Section 40 b , stating the interest was within the 12% limit and authorized by the partnership deed. The decision highlights…
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