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A recent relaxation of norms for investment bankers by the Securities and Exchange Board of India SEBI has raised concerns among some market participants about its potential risks…
The Bombay High Court has ruled that a breach of Article 265 of the Constitution, which states that no tax shall be levied or collected without the authority of law, cannot be…
The Goods and Services Tax Network GSTN has issued an advisory urging all taxpayers to file their pending GST returns promptly, highlighting the upcoming three-year deadline. The…
The government of Uttar Pradesh is implementing a series of targeted interventions to boost the growth of Micro, Small, and Medium Enterprises MSMEs in the state. These…
M1xchange, a leading TReDS Trade Receivables Discounting System platform, is playing a revolutionary role in financing Micro, Small, and Medium Enterprises MSMEs in India. The…
Future Generali India Life Insurance has declared a bonus of Rs 84.43 crore for its eligible policyholders for the financial year 2025. This is a significant announcement for the…
Following the tragic Air India crash, the Indian government is considering the formulation of a new Standard Operating Procedure SOP to ensure the quicker settlement of insurance…
A recent relaxation of norms for investment bankers by the Securities and Exchange Board of India SEBI has raised concerns among some market participants about its potential risks…
The Central Board of Direct Taxes CBDT has notified the Yamuna Expressway Industrial Development Authority YEIDA as a tax-exempt entity under Section 10 46 of the Income Tax Act.…
The Mumbai Bench of the Income Tax Appellate Tribunal ITAT has ruled that a slight delay in filing Form 67 cannot be a ground for denying the benefit of a Double Taxation…
The Directorate General of Foreign Trade DGFT has revised its import policy for colloidal precious metals, moving them into the "Restricted" category with immediate effect. This…
An online share market scam has come to light in Rajkot, where two individuals were duped of a total of Rs 28.36 lakh. The victims were lured into a fraudulent investment scheme…
HDB Financial Services, the non-banking financial arm of HDFC Bank, is targeting a valuation of approximately $7.1 billion for its upcoming Initial Public Offering IPO , which is…
Maruti Suzuki, India's largest car manufacturer, has selected five promising Indian startups for the latest cohort of its Mobility & Automobile Innovation Lab MAIL accelerator…
The Initial Public Offering IPO of the infrastructure solutions company, ArisInfra, has seen a decent response from investors on its second day of bidding. The public issue has…
In a positive development ahead of its planned Initial Public Offering IPO , the SaaS company Capillary Technologies has announced that it turned profitable in the fiscal year…
The Goods and Services Tax Network GSTN has announced that from August 1, 2025, it will bar the filing of GST returns that are older than three years. This new time limit is being…
Tax professionals and trade bodies have raised serious concerns over the alleged misuse of Section 74 1 of the GST Act by tax authorities. This section deals with the issuance of…
Illumine, a startup that has developed an AI-powered childcare management platform, has successfully raised $2.5 million in a new funding round. The company's software helps…
Vodafone Idea Vi , one of India's leading telecom operators, has entered into a strategic partnership with the US-based AST SpaceMobile to launch satellite-based communication…
Honasa Consumer, the parent company of popular D2C brands like Mamaearth, has granted a new tranche of Employee Stock Options ESOPs worth approximately Rs 16 crore. This move is…
Amazon India is set to invest approximately $233 million around Rs 1,950 crore to expand its operations and infrastructure in the country. This significant investment will be…
Walmart, the global retail giant, is expanding its supplier development program, known as Walmart Vriddhi, in India. The program is designed to support and empower Micro, Small,…
Capillary Technologies, a Software-as-a-Service SaaS company specializing in customer loyalty and engagement solutions, has filed its Draft Red Herring Prospectus DRHP with SEBI…
Get My Parking, a smart parking solutions startup, is in the process of raising a fresh round of funding at a significantly higher valuation. The company is reportedly seeing a…
Electric vehicle manufacturer Okinawa Autotech has secured approximately $7 million in a fresh round of funding from its existing investors. This capital injection comes at a…
Mahaveer Finance, a non-banking financial company NBFC that focuses on two-wheeler financing, has raised Rs 200 crore in a new funding round led by the venture capital firm,…
In a significant ruling, the Bombay High Court has discharged a Chartered Accountant who was an accused in the money laundering case involving former Maharashtra minister Chhagan…
The Delhi High Court has granted interim relief to Domino's Pizza in a trademark infringement case. The court passed an interim injunction restraining another entity from using a…
The Rajasthan High Court has rejected the bail application of an individual accused in a significant GST fraud case. The court, after considering the seriousness of the…
The Chhattisgarh High Court, interpreting the provisions of the Indian Evidence Act, has ruled that secondary evidence can be considered reliable and admissible if the original…
The Madras High Court has clarified the scope of the property tax exemption granted to the Railways under Article 285 of the Constitution. This article exempts the property of the…
The Delhi High Court has ruled that administrative issues such as the movement of case files or a change in legal counsel are not sufficient grounds to condone a significant delay…
The Telangana High Court has ruled that an award-holder cannot be denied the right to withdraw an amount that has been deposited in the court by the award-debtor, merely on the…
The Calcutta High Court has clarified the dispute resolution process under the Micro, Small and Medium Enterprises MSME Development Act, 2006. The court ruled that once…
The Bombay High Court, while upholding an arbitral award directing the Board of Control for Cricket in India BCCI to pay Rs 538.9 crore to Kochi Cricket Private Limited, has…
The Madhya Pradesh High Court has held that an ex-parte order an order passed in the absence of a party can be recalled if the concerned party subsequently complies with the…
The Bombay High Court has clarified the jurisdiction of an Assessing Officer AO when computing the book profit for the levy of Minimum Alternate Tax MAT under Section 115J of the…
The Delhi High Court has observed that issuing separate GST demands for the reversal of availed Input Tax Credit ITC and for the tax payable on the utilization of that same ITC…
The Bombay High Court has ruled that a breach of Article 265 of the Constitution, which states that no tax shall be levied or collected without the authority of law, cannot be…
The Bombay High Court is set to examine whether payments made for the use of satellite transponder services constitute "royalty" under Section 9 1 vi of the Income Tax Act. This…
The Securities and Exchange Board of India SEBI has introduced significant reforms to ease the path for startups planning an Initial Public Offering IPO . The new rules provide…
The National Consumer Disputes Redressal Commission NCDRC has emphasized the importance of the surveyor's report in settling insurance claims. The commission modified an order…
The Madras High Court has granted relief to a taxpayer by condoning a 58-day delay in the filing of a GST appeal. The court took into account the petitioner's explanation that the…
The Madras High Court has quashed a GST demand order, criticizing the tax officer for "mechanically" confirming the demand based on a mismatch in the Input Tax Credit ITC claimed.…
The Ministry of Finance has issued a corrigendum, or a set of corrections, to the recently notified procedure rules for the GST Appellate Tribunal GSTAT . This move is aimed at…
The Central Board of Direct Taxes CBDT has officially notified the Dental Council of India DCI as a tax-exempt entity under Section 10 46 of the Income Tax Act. The DCI is the…
The Income Tax Department in Shimla organized an outreach program to increase awareness about the importance of paying advance tax. The event was aimed at educating taxpayers,…
Tax professionals and trade bodies have raised serious concerns over the alleged misuse of Section 74 1 of the GST Act by tax authorities. This section deals with the issuance of…
In a move to refine the operational framework of the new GST Appellate Tribunal GSTAT , the Central Government has notified a set of corrections to the previously issued procedure…
A recent relaxation of norms for investment bankers by the Securities and Exchange Board of India SEBI has raised concerns among some market participants about its potential risks…
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