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In the ongoing case related to the death of a junior doctor at RG Kar Medical College, the victim's parents have approached the Calcutta High Court. They have filed a petition…
The Reserve Bank of India RBI has announced that it will conduct a reverse repo auction of Rs 1 lakh crore. A reverse repo auction is a monetary policy tool used by the central…
The e-commerce enablement startup, GoKwik, has bagged $13 million in a new funding round. The company provides an AI-led technology stack to D2C brands and other e-commerce…
The Gujarat High Court is considering the plea for an extension of the temporary bail granted to Asaram Bapu, who is serving a sentence in a rape case. The self-styled godman was…
In the ongoing case related to the death of a junior doctor at RG Kar Medical College, the victim's parents have approached the Calcutta High Court. They have filed a petition…
In a case under Section 138 of the Negotiable Instruments Act, the Kerala High Court has clarified the position on the prosecution of a firm's manager. The court held that a…
The Calcutta High Court has ruled that a municipal corporation cannot levy a tax on advertisements without first framing the appropriate regulations that authorize and govern such…
The Kerala High Court has set aside two conflicting orders that were passed by the Kerala GST KGST authorities, holding that such contradictory orders for the same issue cannot…
Fantail, a startup in the textile manufacturing space, has successfully raised a new round of funding. The investment was led by the venture capital firm, Riverwalk Holdings, with…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has reaffirmed that once a discharge certificate is issued under the Sabka Vishwas Legacy Dispute Resolution Scheme…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has ruled that a penalty under Section 114 iii of the Customs Act cannot be imposed solely based on a statement…
The National Company Law Appellate Tribunal NCLAT has allowed an appeal filed against Titan Industries, condoning a delay in the filing of a restoration application related to…
The Jharkhand High Court has ruled that the term "every person" used in Section 76 of the Jharkhand GST JGST Act includes unregistered suppliers. This section deals with the…
The Madras High Court has dismissed a writ petition filed by a GST payer because the taxpayer had already admitted to their tax liability in a reply sent to the department. The…
The Madras High Court has granted a final opportunity to an assessee to participate in a GST adjudication process, but with a strict warning of recovery action if they fail to…
The Allahabad High Court has ordered the GST department to pass a fresh order in a case where the deadline for filing a reply and the date for a personal hearing were scheduled on…
In a significant constitutional interpretation, the Madras High Court has overturned a single bench's decision and has ruled that the property of the Union of India is exempt from…
In a win for the electronics giant Samsung, the Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled on the correct GST classification for lithium-ion batteries…
The Jharkhand High Court has ruled that a GST notice issued under Section 61 of the CGST Act is beyond the jurisdiction of the officer if it is based on a price comparison rather…
The Finance Minister has directed the Income Tax Department to expedite the process of dispute resolution and to withdraw all pending appeals before various forums where the tax…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that the fabrication of windmill parts is not liable for service tax if the final product is covered under…
In a significant interpretation of the SARFAESI Act, the Kerala High Court has ruled that tenants of a property who have separate lease agreements can file a joint application to…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has strongly rebuked an appellant for using inappropriate language that cast aspersions on the character and…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has upheld a penalty of Rs 50,000 imposed on a customs broker for their failure to properly verify the weight of an…
The Income Tax Appellate Tribunal ITAT has quashed the assessment orders passed against the legal heirs of a deceased taxpayer. The tribunal's decision was based on the ground…
In a relief to an Ujjain-based NGO, the Income Tax Appellate Tribunal ITAT has set aside an order that had rejected its application for registration under Section 12AB of the…
The Central Board of Indirect Taxes and Customs CBIC has issued instructions extending the validity of the No-Objection Certificate NOC required for imported alcoholic beverages.…
The Central Bureau of Investigation CBI has uncovered a massive GST refund scam amounting to Rs 100 crore. The scam allegedly involves the connivance of senior customs officials…
In a major crackdown on GST fraud, the authorities have busted a racket involving the creation of fake firms and have arrested two individuals, including an advocate. The advocate…
The Ministry of Finance has amended the e-filing rules for the Debts Recovery Tribunals DRTs and the Debts Recovery Appellate Tribunals DRATs . The new rules are aimed at…
The electric vehicle EV ride-hailing startup, Evera, has secured $4 million in a new funding round from Mufin Green Finance, an NBFC that focuses on financing green projects.…
The SaaS unicorn Darwinbox, which has offices in Hyderabad and San Francisco, has completed a significant ESOP Employee Stock Option Plan buyback. This program allowed eligible…
The Madras High Court has set aside an order passed by the income tax authorities because no notice was issued to the legal heir of a deceased assessee. The case involved a…
The CEO of Walmart, during a recent visit to India, has reiterated the company's commitment to increasing its sourcing of products from India. He highlighted that Walmart is on…
The US Federal Trade Commission FTC has reportedly greenlit a massive $135 billion merger in the ad-tech industry. However, the approval has come with a specific clause that is…
The metals giant, Hindalco Industries, is set to acquire the US-based specialty alumina manufacturer, Aluchem, for $125 million. This acquisition is a strategic move by Hindalco…
Fabheads, a startup that specializes in the manufacturing of advanced composite materials, has bagged $10 million in a new funding round. The company uses patented technology,…
The HR tech unicorn, Darwinbox, has concluded an ESOP Employee Stock Option Plan buyback program worth Rs 86 crore. This initiative provided the company's employees with an…
The e-commerce enablement startup, GoKwik, has bagged $13 million in a new funding round. The company provides an AI-led technology stack to D2C brands and other e-commerce…
Fantail, a startup in the textile manufacturing space, has successfully raised a new round of funding. The investment was led by the venture capital firm, Riverwalk Holdings, with…
Following its "India flip," the e-commerce company Meesho now has a new shareholding and board structure. The reverse flip, which made the Indian entity the parent company, was a…
The HR tech unicorn, Darwinbox, has successfully completed an Employee Stock Option Plan ESOP buyback worth $10 million. An ESOP buyback is a process where the company buys back…
The Karnataka High Court has granted a stay on the proceedings in a "misleading advertisements" case against Patanjali's Divya Pharmacy and its promoter, Acharya Balkrishna. The…
The Lilavati Trust, which runs a prominent hospital in Mumbai, has approached the Bombay High Court seeking a CBI probe into an alleged bribery case involving the CEO of HDFC…
The Kerala High Court has observed that the High Courts need not entertain every writ petition filed under Article 226 of the Constitution against the orders of the Adjudicating…
The Delhi High Court has sought a response from HDFC Bank and the Reserve Bank of India RBI in a case involving an unauthorized bank transfer of Rs 74 lakh. The petitioner, who is…
The Calcutta High Court has held that the provisions of the Prevention of Money Laundering Act PMLA can be attracted for an offense that was committed even before a key amendment…
The Madras High Court has ruled that a tax addition made to a company's income, based solely on the higher profit margin of its sister concern, is unjustified. The court held that…
In a ruling that clarifies the definition of "manufacture" under the Central Excise Act, the Customs, Excise, and Service Tax Appellate Tribunal CESTAT has set aside an excise…
The Calcutta High Court has dismissed a challenge against an income tax assessment order passed under Section 144B faceless assessment . The court's decision was based on the fact…
In the ongoing case related to the death of a junior doctor at RG Kar Medical College, the victim's parents have approached the Calcutta High Court. They have filed a petition…
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