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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 Jammu & Kashmir High Court has invalidated a government tender that was awarded to Johnson & Johnson, citing significant procedural irregularities and a clear lack of…
The Delhi High Court has ruled that interpreting contractual clauses based on external communications amounts to "patent illegality" when the contract itself is unambiguous. This…
The National Company Law Appellate Tribunal NCLAT has clarified that only a Resolution Professional RP or a liquidator has the authority to file an application to avoid…
The Delhi High Court has granted interim relief to the Swedish automobile company Volvo in a trademark infringement case, restraining Indian bus manufacturers and inter-city bus…
Following its decision to place pharma-grade sugar under the "Restricted" export category, the Directorate General of Foreign Trade DGFT has now invited applications from…
The Directorate General of Foreign Trade DGFT has implemented a new policy that restricts the export of pharma-grade sugar, capping the total annual export quantity at 25,000…
The Indian government has launched an anti-dumping investigation into the import of "TPU based Paint Protection Film" from China. This product is a thermoplastic polyurethane film…
The National Consumer Disputes Redressal Commission NCDRC has dismissed a complaint against a brokerage firm, MS Unique Brokers, ruling that trading in shares is a commercial…
The National Consumer Disputes Redressal Commission NCDRC has reiterated that consumer forums are not the appropriate venue for adjudicating disputes that involve complex…
The Income Tax Appellate Tribunal ITAT has quashed a tax addition of Rs 3.37 lakh, ruling that cash re-deposited into a bank account soon after a withdrawal cannot be treated as…
The Bombay High Court has upheld the authority of the Customs department to issue show-cause notices SCNs to importers for alleged violations, even when a trade agreement exists…
The Directorate General of Trade Remedies DGTR has initiated an anti-dumping investigation into the import of 'Para-Nitrotoluene' originating from the European Union. This…
The Bombay High Court has upheld a significant arbitral award of ₹538 crore against the Board of Control for Cricket in India BCCI . The ruling enforces an arbitration decision in…
The Directorate General of Foreign Trade DGFT has issued a notification amending the import policy for certain precious metal alloys. Under the new policy, the import of alloys…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that a 100% Export Oriented Unit EOU is still eligible for a customs duty exemption on goods sold in the…
The National Company Law Appellate Tribunal NCLAT has clarified that only a Resolution Professional RP or a liquidator has the authority to file an application to avoid…
Following its decision to place pharma-grade sugar under the "Restricted" export category, the Directorate General of Foreign Trade DGFT has now invited applications from…
The Directorate General of Trade Remedies DGTR has initiated an anti-dumping investigation into the import of 'Para-Nitrotoluene' originating from the European Union. This…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has ruled that a Customs House Agent CHA cannot be penalized for an alleged undervaluation of imported goods without…
The Madras High Court has struck down Rule 8 4 of the Central Excise Rules, declaring it 'ultra vires' or beyond the legal authority of the rule-making body. The court also…
The newly established GST Appellate Tribunal GSTAT is moving swiftly to clear a backlog of legacy cases, with its benches scheduling final hearings for several anti-profiteering…
The Delhi High Court has ruled that interpreting contractual clauses based on external communications amounts to "patent illegality" when the contract itself is unambiguous. This…
The National Company Law Appellate Tribunal NCLAT has ruled that a lone homebuyer cannot challenge a resolution plan that has been approved by a vast majority of the creditors.…
The Directorate General of Foreign Trade DGFT has issued a notification amending the import policy for certain precious metal alloys. Under the new policy, the import of alloys…
The National Company Law Appellate Tribunal NCLAT has ruled that a lone homebuyer cannot challenge a resolution plan that has been approved by a vast majority of the creditors.…
In a major victory, the educational services provider NIIT Ltd. has won a significant income tax appeal, with the Commissioner of Income Tax Appeals CIT A quashing a tax demand of…
In a major victory, the educational services provider NIIT Ltd. has won a significant income tax appeal, with the Commissioner of Income Tax Appeals CIT A quashing a tax demand of…
The Mumbai Bench of the Income Tax Appellate Tribunal ITAT has ruled that a specific explanation added to Section 12AB 4 of the Income Tax Act applies prospectively, not…
The Gauhati High Court has set aside an order that had cancelled a taxpayer's GST registration, finding that the cancellation was done without providing a proper notice. The court…
The Calcutta High Court has permitted a petitioner to file a "connected application" in a case where they were challenging both a Show Cause Notice SCN issued under Section 74 of…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that the mere wrong availment of CENVAT credit cannot automatically be equated with willful suppression of…
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…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has set aside a penalty imposed under the Customs Act in a case involving the alleged smuggling of 26 gold biscuits.…
The Himachal Pradesh High Court has strongly criticized an Assessing Officer for what it termed as "sheer ignorance of the law" after the officer passed an income tax assessment…
The National Company Law Appellate Tribunal NCLAT has dismissed an appeal filed by the suspended director of a company, thereby upholding the order to initiate insolvency…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has set aside a penalty imposed under the Customs Act in a case involving the alleged smuggling of 26 gold biscuits.…
The Himachal Pradesh High Court has strongly criticized an Assessing Officer for what it termed as "sheer ignorance of the law" after the officer passed an income tax assessment…
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 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 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…
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 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…
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 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…
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 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…
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…
Smallcaps Grow 5x in Value Over 7 Years: A recent study by Bajaj Finserv AMC revealed that India's smallcap stocks have added a staggering ₹75 lakh crore in market value over the…
Swiggy's SVP of Operations, Shalabh Shrivastava, has exited after 5 years, with Saurav Goyal taking over driver operations. The leadership change comes as Swiggy focuses on…
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…
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