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The Gujarat High Court Advocates Association has publicly criticized the Enforcement Directorate’s ED summons issued to Senior Advocate Arvind Datar, labeling it an overreach and…
The Calcutta High Court has directed the state government to pay compensation to landowners for a land acquisition that occurred more than 30 years ago, in the 1990s. The court…
Urban Company reported its first full-year profit in FY25, with ₹285 crore PBT on ₹1,144 crore revenue, marking a 38% revenue growth. The strong financials come as the home…
The Income Tax Appellate Tribunal ITAT has ruled on a fair revenue sharing model for the income derived from the licensing of sports broadcasting rights. In a case involving a…
The Delhi High Court has provided relief to a taxpayer whose GST registration was suspended during a period when they were unable to access the GST portal. The court retracted the…
The Central Board of Direct Taxes CBDT has granted a tax exemption to the Dental Council of India DCI , the apex body regulating the dental profession in the country. This…
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…
In a victory for a shipping line, the Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that the Shipping Cargo Manifest and Transhipment Regulations SCMTR do…
Vodafone Idea partnered with AST SpaceMobile to develop direct-to-smartphone satellite communication services in India. The collaboration aims to provide coverage in remote areas,…
Ex-Unacademy CBO's Eyewear Startup Raises $2.2M: Abhinav Agarwal, former Chief Business Officer of Unacademy, has secured $2.2 million in seed funding for his new eyewear startup.…
TechFino Secures ₹65 Crore for MSME Lending: Non-banking financial company NBFC TechFino has raised ₹65 crore in equity funding from Stellaris Venture Partners and Saison Capital.…
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 Income Tax Appellate Tribunal ITAT has condoned a significant delay of 338 days in the filing of an appeal by an educational institution. The tribunal accepted the reason…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has ordered a re-examination of a case involving an alleged misdeclaration of imported goods. The tribunal found that…
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 Madras High Court has upheld a GST exemption on the revenue share received by the Airports Authority of India AAI from duty-free shops operating at airports. The court ruled…
IPO-bound Bluestone Eyes Unicorn Status: Jewelry e-commerce platform Bluestone is in discussions to raise fresh funding at a valuation approaching $1 billion specifically, around…
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 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…
The National Company Law Tribunal NCLT has ruled that an insolvency application filed by a financial creditor under Section 7 of the IBC is admissible even in the absence of a…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has quashed a penalty that was imposed on the director of a diamond firm. The penalty was related to allegations of…
The National Company Law Appellate Tribunal NCLAT has allowed the admission of a Corporate Insolvency Resolution Process CIRP application, holding that the existence of a debt and…
The Income Tax Appellate Tribunal ITAT has ruled that income from the licensing of live sports broadcasts is not taxable as "royalty." The tribunal's decision was based on the…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has ruled that the extended period of limitation cannot be invoked to demand tax, nor can a penalty be imposed, when…
The Income Tax Appellate Tribunal ITAT has remanded a case for fresh adjudication after finding that the Commissioner of Income Tax Appeals CIT A had sustained tax additions…
The Himachal Pradesh High Court has ruled that denying Input Tax Credit ITC to a taxpayer solely because their supplier's GST registration was cancelled retrospectively is unjust.…
The Chhattisgarh High Court has directed the state government to pay compensation to the family of a man who died while in police custody. The court strongly condemned custodial…
The National Company Law Tribunal NCLT Mumbai bench has held that an application under Section 7 of the Insolvency and Bankruptcy Code IBC for initiating insolvency proceedings…
Elon Musk's AI startup, xAI, raised $4.3 billion in new funding, valuing the company at $24 billion. The round will accelerate the development of xAI's Grok chatbot and AI models,…
OnePlus announced a manufacturing partnership with Optiemus Electronics to produce its devices in India. The move strengthens OnePlus' local production capabilities amid growing…
Climate-tech focused VC firm Avaana Capital has drawn down $245 million for its sustainability fund. The capital will be deployed across clean energy, circular economy, and…
Jio Financial Services acquired full ownership of Jio Payments Bank by purchasing the remaining 30% stake from partner SBI. The consolidation strengthens JFS's financial services…
The ₹600 crore ArisInfra IPO saw 18% subscription on its first day, with retail investors showing the strongest interest. The construction finance company's public offer comes…
Connectivity startup Wiom secured $35 million in funding to expand its affordable internet solutions. The company plans to use the capital to enhance its technology and scale…
Wiom Secures $35M Funding: Bengaluru-based internet connectivity startup Wiom has secured $35 million in a funding round led by Accel and Prosus. The company, which operates on a…
Ex-Unacademy CBO's Eyewear Startup Raises $2.2M: Abhinav Agarwal, former Chief Business Officer of Unacademy, has secured $2.2 million in seed funding for his new eyewear startup.…
MobiKwik Shares Crash 10% as Lock-in Period Ends: Digital payments firm MobiKwik experienced a 10% plunge in its share price as the post-IPO lock-in period expired, allowing early…
TechFino Secures ₹65 Crore for MSME Lending: Non-banking financial company NBFC TechFino has raised ₹65 crore in equity funding from Stellaris Venture Partners and Saison Capital.…
IPO-bound Bluestone Eyes Unicorn Status: Jewelry e-commerce platform Bluestone is in discussions to raise fresh funding at a valuation approaching $1 billion specifically, around…
Oben Electric Closes ₹100 Crore Series A: Electric vehicle manufacturer Oben Electric has successfully closed its Series A funding round at ₹100 crore, raising an additional ₹50…
QRG Investment Sells Awfis Shares Worth ₹27 Crore: QRG Investment Holdings, the family office of Havells chairman Anil Rai Gupta, has offloaded 3.89 lakh shares of coworking space…
Piyush Goyal Defends UK Insurance Break for Indian Workers: Commerce Minister Piyush Goyal has defended the UK's insurance concession for Indian professionals, rejecting claims…
The Institute of Chartered Accountants of India ICAI is planning to implement a new ceiling on the number of tax audits a partner in a CA firm can undertake. Effective from the…
As part of its "GST Pakhwada 2025" initiative, the Central Board of Indirect Taxes and Customs CBIC is rolling out several taxpayer-friendly measures, effective from July. This…
The Ministry of Corporate Affairs MCA has announced a significant fee waiver for 13 different e-forms to provide relief to companies during the transition to the new MCA21 Version…
An FIR filed against a GST Superintendent has led to the discovery of hidden and disproportionate assets worth approximately Rs 34 lakh. The case highlights the ongoing efforts to…
The newly constituted GST Appellate Tribunal GSTAT has summoned the parties for a final hearing in a key anti-profiteering case. The case pertains to allegations that a company…
The Madras High Court has ruled that a search conducted by the Enforcement Directorate ED under the Prevention of Money Laundering Act PMLA cannot be termed as "harassment." The…
The GST grievance redressal system has come under criticism on social media platform 'X' formerly Twitter from a Chartered Accountant. The CA has highlighted a case where a…
In a relief to a taxpayer, the Orissa High Court has quashed a GST order that had been passed based on a mismatch between the Input Tax Credit ITC claimed in GSTR-3B and the…
The Gujarat High Court Advocates Association has publicly criticized the Enforcement Directorate’s ED summons issued to Senior Advocate Arvind Datar, labeling it an overreach and…
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