Sorted by Latest
The Delhi High Court has dismissed a plea to defreeze bank accounts attached under PMLA Prevention of Money Laundering Act , citing a lack of urgency and availability of unfrozen…
The Delhi High Court has upheld an ITAT Income Tax Appellate Tribunal order deleting a ₹2000 crore addition against Thomson Press Ltd, ruling that Section 50C of the Income Tax…
The ITAT Income Tax Appellate Tribunal has held that interest received under Section 244A of the Income Tax Act is taxable and has rejected a rectification plea seeking exemption.…
Quick fashion startup Knot is in talks to raise $3 million in its maiden funding round. This indicates a burgeoning interest in the fast-growing quick fashion segment within…
The Kerala High Court has stayed recovery proceedings under Section 147 of the Income Tax Act, pending consideration of a delay condonation and stay petition. This interim relief…
The GSTN Goods and Services Tax Network has issued an advisory enabling the filing of GST appeals against waiver orders, specifically rejection orders SPL 07 . This is a crucial…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that a service tax demand cannot be based solely on Form 26AS data without proper reconciliation. Form…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has clarified that Form DRC-03 is not valid for excise pre-deposit; payments must use a CBIC challan via ICEGATE or…
The Delhi High Court has directed a refund of ₹15 lakh with 4% interest, as re-credit was not permissible under an abolished scheme. The court noted that a deficiency memo for the…
The DRI Directorate of Revenue Intelligence has busted a Mumbai woman smuggling 6 kg of cocaine worth ₹62 crore, concealed in Oreo biscuit boxes, on a flight from Doha. This…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has clarified that Form DRC-03 is not valid for excise pre-deposit; payments must use a CBIC challan via ICEGATE or…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has quashed an extended period demand for service tax, where the Show Cause Notice SCN was issued years after a…
Relief for IndiGo: The ITAT Income Tax Appellate Tribunal has upheld the deletion of an ₹11.05 crore disallowance, as the Assessing Officer's final assessment confirmed nil…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that the extended period of limitation is not invokable when the department previously audited and issued…
Jio BlackRock has received SEBI approval for four mutual fund schemes. This significant regulatory clearance marks a crucial step for the joint venture between Reliance Jio…
The National Company Law Appellate Tribunal NCLAT is currently reviewing multiple interlocutory applications related to the ongoing resolution process of the debt-ridden…
Relief for IndiGo: The ITAT Income Tax Appellate Tribunal has upheld the deletion of an ₹11.05 crore disallowance, as the Assessing Officer's final assessment confirmed nil…
The Supreme Court has reaffirmed that stem cell banking services qualify as "healthcare services" in service tax exemption notifications, thereby exempting them from service tax.…
The Delhi High Court has clarified that penalty under Section 122 1A of the GST Act can be imposed retrospectively if the Show Cause Notice SCN was issued after its enactment.…
Gaurav Jain, the Chief Business Officer CBO of the social media platform ShareChat, has resigned from his position. Jain's departure marks a significant high-level executive…
The recent crash of an Air India passenger aircraft is set to trigger one of the largest aviation insurance claims in India's history, with the total value estimated to be around…
The government of Uttar Pradesh is planning to establish 15 new industrial zones specifically targeted at boosting the growth of Micro, Small, and Medium Enterprises MSMEs . This…
Indian startups have voiced their opinions on the proposed Digital Competition Bill, calling for provisions that protect domestic innovation from the anti-competitive practices of…
In a major win for the audit firm Deloitte, the Madras High Court has ruled that a partnership firm or a Hindu Undivided Family HUF cannot legally be a partner in another firm.…
The Andhra Pradesh High Court has rejected anticipatory bail for three persons accused of running a brothel under the guise of a spa and evading arrest. The court noted that the…
The Madhya Pradesh High Court has directed a former Vice-Chancellor of LNIPE Lakshmibai National Institute of Physical Education to pay ₹35 lakh to a Yoga instructor in a sexual…
The Madhya Pradesh High Court has ordered a former Vice Chancellor of LNIPE to pay ₹35 lakh to a Yoga instructor in a sexual harassment case, and also directed the State to pay ₹5…
In a significant administrative reshuffle, the Delhi government has transferred several senior IAS officers to key positions in the Revenue, Taxation, and other administrative…
E-commerce firm Meesho has received the green light from the National Company Law Tribunal NCLT for its "reverse flip" from the US to India. This approval is a critical milestone…
The board of the Securities and Exchange Board of India SEBI is expected to discuss significant reforms related to Employee Stock Option Plans ESOPs for startup founders and the…
The Madras High Court has directed the customs authorities to reconsider their rejection of 104 shipping bills filed by Indian Oil Corporation Ltd IOCL . The department had…
The Delhi Bench of the Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that the profit earned by freight forwarders from "space trading" is not a taxable…
The Bombay High Court has ruled that a foreign arbitral award cannot be enforced against a person who was not a party to the arbitration proceedings. This decision clarifies the…
QPiAI has bagged $32 million to integrate AI and quantum computing into enterprise solutions. This significant funding highlights growing interest in the convergence of…
Healthtech startup Truemeds has bagged $20 million in funding from Peak XV. This substantial investment will likely fuel Truemeds' expansion in the digital healthcare space,…
R for Rabbit, a D2C Direct-to-Consumer baby products brand, is set to raise $27 million in primary and secondary capital. The primary capital of ₹110 crore approx. $13 million in…
Snapmint, a Buy Now, Pay Later BNPL startup, has crossed the ₹150 crore revenue threshold in FY25 and turned profitable. This marks a significant turnaround for the company, which…
The Allahabad High Court has stayed the arrest of Royal Challengers Bengaluru RCB cricketer Yash Dayal in a sexual exploitation case. A woman accused Dayal of emotional, physical,…
The National Company Law Appellate Tribunal NCLAT has ruled that the liabilities of a corporate debtor remain undischarged if the rights under a debenture trust deed are…
India's top-valued companies faced a significant downturn, with eight of the top ten firms collectively losing a staggering Rs 4,70,750 crore in market capitalization in a single…
In a busy week for the capital markets, Cordelia Cruise, a leading cruise line operator in India, has filed its Draft Red Herring Prospectus DRHP with SEBI for its Initial Public…
The recent crash of an Air India passenger aircraft is set to trigger one of the largest aviation insurance claims in India's history, with the total value estimated to be around…
Gaurav Jain, the Chief Business Officer CBO of the social media platform ShareChat, has resigned from his position. Jain's departure marks a significant high-level executive…
Apsara, a startup operating in the data infrastructure space, has secured $50 million in a new funding round. The round was co-led by two of Silicon Valley's most prestigious…
In a crucial step towards its planned Initial Public Offering IPO , e-commerce unicorn Meesho has received approval from the National Company Law Tribunal NCLT to relocate its…
The Meghalaya High Court, in a case under the Protection of Children from Sexual Offences POCSO Act, has emphasized the importance of correctly adjudicating a claim of juvenility.…
The Madras High Court has granted relief to Indian Bank, ruling that the provisions of the SARFAESI Act and the Recovery of Debts and Bankruptcy RDB Act prevail over the Tamil…
The Central Administrative Tribunal CAT has stayed the transfer orders of several Excise Inspectors, ruling that personal hardships must be duly considered by the administration…
The Kerala High Court has quashed GST proceedings against a petitioner after finding that there was a duplication of proceedings on the same issue by different tax authorities.…
The Himachal Pradesh High Court has provided clarity on the conditions for claiming income tax exemption as a not-for-profit educational institution. The court, while hearing a…
The Delhi High Court has dismissed a plea to defreeze bank accounts attached under PMLA Prevention of Money Laundering Act , citing a lack of urgency and availability of unfrozen…
Showing 50 of 42930 updates