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This NCLAT fortnightly roundup covers key IBC rulings from February 1–16, 2025. It includes resolution plan approvals, liquidation decisions, and clarifications on timelines,…
Leading law firms JSA, Dentons, and Hogan Lovells advised on the IPO of Central Mine Planning & Design Institute CMPDI , a PSU. The transaction involves legal, regulatory, and…
Advocate Sumit Khadaria launched a new law firm—Fiscal Law Chambers—focused on financial and taxation matters. The firm aims to specialize in corporate restructuring, tax…
Karnataka High Court held that electricity supply without actual consumption is not a taxable sale. The court invalidated the levy of minimum charges, emphasizing that taxation…
The Indian government has disbursed over ₹21.5 crore under its Production Linked Incentive PLI schemes. This funding boost supports manufacturing growth, job creation, and aligns…
The ITAT quashed the PCIT’s directions under Section 263 regarding TDS under Section 194J and closing stock valuation. It ruled that the Assessing Officer had already conducted…
ITAT deleted a ₹2.53 crore addition under Section 68 after finding no evidence that the assessee owned shares involved in client code modification. The tribunal emphasized the…
In a sympathetic ruling, ITAT remanded a case involving a senior citizen who was unfamiliar with online filing procedures. The tribunal directed the authorities to reconsider the…
JSW Steel has filed a review petition challenging the Supreme Court’s order directing liquidation of Bhushan Power & Steel. The SC had earlier reversed the NCLAT's approval of…
FlipSpaces, a tech-driven interior design startup, raised ₹50 crore to expand in India and globally. The funds will be used to scale their proprietary tech suite and customer…
Karnataka’s Appellate Revenue Authority may reverse an earlier GST ruling impacting Namma Yatri. The decision could influence tax compliance for aggregator models and shape future…
A theft complaint led to the discovery of unaccounted cash allegedly belonging to GST officials. The incident raises serious concerns about corruption and money laundering within…
A massive ₹920 crore block deal in PB Fintech’s shares raised curiosity in the market. Large volumes were exchanged between institutional investors, indicating strategic…
Tata Steel received a massive ₹89,052 crore GST notice over alleged wrongful ITC claims. The case is among the largest indirect tax demands and has raised concerns regarding…
Karnataka’s Appellate Revenue Authority may reverse an earlier GST ruling impacting Namma Yatri. The decision could influence tax compliance for aggregator models and shape future…
The ITAT upheld the disallowance of depreciation due to the AO’s failure to consider relevant rental and usage facts. It found the PCIT’s revision under Section 263 valid. The…
Airtel deployed an AI system that helped safeguard 3.5 million users from digital fraud in Delhi. The initiative reflects the role of telecom compliance with customer protection,…
Ahead of its IPO, Pine Labs allotted 2.3 crore shares to CEO Amrish Rau, a move seen as part of leadership incentivization. The transaction is likely to attract investor scrutiny…
Jharkhand High Court overturned an order dismissing a GST appeal for being delayed by just one day. The court held that the delay fell within the condonable period of one month…
Airtel deployed an AI system that helped safeguard 3.5 million users from digital fraud in Delhi. The initiative reflects the role of telecom compliance with customer protection,…
Shopos, an AI-driven eCommerce venture by Scapic founders, raised $20 million in a funding round. The startup aims to build scalable AI solutions for retail automation and digital…
Luxury villa rental startup StayVista raised ₹40 crore from JSW Ventures and other backers. The funding will aid in tech upgrades and geographical expansion, reflecting a strong…
Drone tech company Raphe Mphibr secured $100 million in funding, bolstering its capabilities in aerospace defense technology. The investment reflects growing confidence in Indian…
JSW Steel has filed a review petition challenging the Supreme Court’s order directing liquidation of Bhushan Power & Steel. The SC had earlier reversed the NCLAT's approval of…
Tata Steel received a massive ₹89,052 crore GST notice over alleged wrongful ITC claims. The case is among the largest indirect tax demands and has raised concerns regarding…
This article explores Articles 245 to 279A of the Constitution, which form the foundation of India's taxation framework. It delves into legislative powers, GST implementation, and…
A theft complaint led to the discovery of unaccounted cash allegedly belonging to GST officials. The incident raises serious concerns about corruption and money laundering within…
FlipSpaces, a tech-driven interior design startup, raised ₹50 crore to expand in India and globally. The funds will be used to scale their proprietary tech suite and customer…
This NCLAT fortnightly roundup covers key IBC rulings from February 1–16, 2025. It includes resolution plan approvals, liquidation decisions, and clarifications on timelines,…
The Delhi HC held that an employee cannot be forced to return to their previous employer or remain idle. The ruling affirms employment rights and contractual freedom while…
The Kerala HC issued notice to the State Government on a plea seeking cancellation of bail granted to a lawyer accused in a rape case. The petition claims misuse of bail and poses…
The Kerala HC was informed that all 35 sexual harassment cases linked to the Hema Committee Report have been dropped. The court may seek an explanation as concerns mount over…
Madras High Court upheld SBI’s decision to deny employment to a candidate based on poor CIBIL scores and past loan defaults. The judgment reinforced the bank's right to maintain…
In a sympathetic ruling, ITAT remanded a case involving a senior citizen who was unfamiliar with online filing procedures. The tribunal directed the authorities to reconsider the…
This report highlights a burglary involving cash, gold, and diamonds worth ₹60 lakh stolen from a retired GST officer's home. The case is under investigation, reflecting rising…
This opinion piece argues for stronger enforcement of the Food Safety and Standards FSS Act. It highlights gaps in regulatory practices and calls for a more accountable framework…
MobiKwik witnessed a 15% surge in share price amid speculation of a major block deal. The buzz attracted market attention and indicates rising investor confidence, possibly…
Leading law firms JSA, Dentons, and Hogan Lovells advised on the IPO of Central Mine Planning & Design Institute CMPDI , a PSU. The transaction involves legal, regulatory, and…
The Kerala High Court granted anticipatory bail to the producers of the hit film “Manjummel Boys” in a cheating case. The court found no immediate need for custodial interrogation…
The VC of Jindal Global University addressed the Japanese Parliament, emphasizing collaboration between India and Japan in building modern legal frameworks. The address promotes…
The ITAT quashed the rejection order for 80G approval to Mahindra University, directing a fresh review. The tribunal held that the order lacked a proper hearing and failed to…
The Delhi HC directed the DDA to reconsider its refusal to allow Janmashtami celebrations in a public park. The court emphasized the importance of reasonable restrictions and…
The Delhi High Court sought an explanation from IIT-Kanpur regarding complaints of technical issues and unhygienic conditions during JEE exams. A candidate cited a lizard in the…
Flipkart’s SuperMoney aims to deepen user engagement via loyalty rewards and exclusive offers. The article explores its strategic positioning against competitors and how…
SEBI penalized BSE with a ₹25 lakh fine for sharing sensitive market data before public release. The penalty aims to uphold market integrity and prevent unfair trading advantages.…
Pine Labs has filed its Draft Red Herring Prospectus DRHP with SEBI for an upcoming IPO. The filing outlines financials, shareholding, and growth strategy. This move is…
The ITAT set aside the cancellation of a charitable institution’s registration due to a technical filing error and a three-year gap. The case was remanded for fresh adjudication,…
The ITAT ruled that the non-compliance to an income tax notice was not intentional. As a result, the case was remanded for reconsideration. The ruling highlights that procedural…
This report highlights a burglary involving cash, gold, and diamonds worth ₹60 lakh stolen from a retired GST officer's home. The case is under investigation, reflecting rising…
The Income Tax Appellate Tribunal ITAT has deleted a penalty levied under Section 271 1 c of the Income Tax Act, ruling that the proceedings were invalidated due to a defective…
This NCLAT fortnightly roundup covers key IBC rulings from February 1–16, 2025. It includes resolution plan approvals, liquidation decisions, and clarifications on timelines,…
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