Finance Minister Nirmala Sitharaman is scheduled to conduct a series of high-level review meetings throughout June 2025 with the heads of the Central Board of Direct Taxes CBDT…
16/06/20251 min read
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Finance Minister Nirmala Sitharaman is scheduled to conduct a series of high-level review meetings throughout June 2025 with the heads of the Central Board of Direct Taxes CBDT…
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…
The National Consumer Disputes Redressal Commission NCDRC has dismissed a complaint against the National Insurance Company, upholding the strict enforcement of insurance policy…
The National Consumer Disputes Redressal Commission NCDRC has ruled that compensation for an insured loss must be based on the actual value of the asset at the time of the loss,…
Various High Courts across India have consistently held that issuing a GST notice to a deceased individual is legally invalid and a violation of the principles of natural justice.…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has prohibited the customs authorities from re-determining the value of CDs imported by HP India without first…
The Ministry of Corporate Affairs MCA has penalized a company and its key managerial personnel, including directors, the CFO, and the Company Secretary, for a default in demat…
The Himachal Pradesh High Court, relying on a Supreme Court judgment, has allowed a company to claim a 100% deduction of its profits under Section 80-IC of the Income Tax Act.…
The Meghalaya High Court has ruled that an order passed by the Meghalaya State Electricity Regulatory Commission MSERC is subject to appeal under Section 111 of the Electricity…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has ruled that a service tax demand on a cable operator can be based on data obtained from broadcasters if the…
The Comptroller and Auditor General of India CAG is set to engage Chartered Accountant CA firms for the audit of approximately 350 autonomous bodies across the country. These…
The deadline for paying the first installment of advance tax for the financial year 2025-26 is June 15. This deadline is applicable to all taxpayers—including individuals,…
The Delhi GST Department has issued guidelines mandating that all personal hearings for proceedings under the Delhi GST DGST Act will now be conducted primarily in a virtual mode.…
The Madras High Court, after finding no jurisdictional error in a GST order passed by the tax authorities, has directed the petitioner to pursue the statutory remedy of appeal.…
The Madras High Court has allowed a customs duty exemption on the import of a Sewage Treatment Plant STP , even though the mandatory approval from the Chennai Metropolitan…
The Madras High Court has remanded a case back to the Authority for Advance Rulings AAR after finding that the AAR's classification of an INOX installation plant as "immovable…
The Supreme Court of India has granted a major relief to Antrix Corporation, the commercial arm of ISRO, by halting a massive VAT recovery of Rs 31.75 crore. The case pertains to…
The Supreme Court of India, while settling a tender dispute related to a quarry in Orissa, has held that possessing a valid Income Tax Return and a GST registration certificate is…
The Mumbai Bench of the Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that a pre-deposit for an appeal made by Reliance Jio using its credit ledger before…
The Income Tax Department has intensified its surveillance of cryptocurrency transactions in India. The department is sending out emails and notices to individuals whose crypto…
The Jharkhand High Court has quashed criminal proceedings initiated under the Income Tax Act against a petitioner for delayed payment of Tax Deducted at Source TDS . The court…
The Orissa High Court has set aside an order passed by the National Faceless Assessment Centre NFAC because it failed to provide the mandatory seven-day period for the assessee to…
The Delhi High Court has upheld the conviction of an individual under Section 276C 2 of the Income Tax Act for willful attempt to evade the payment of taxes. The court found that…
The Chief Minister of Bihar inspected several Micro, Small, and Medium Enterprise MSME units in the Bihta industrial area, hailing their contribution to the state's economic…
According to some market analysts and commodity experts, the price of gold could be heading towards the $4,000 per ounce mark in the medium to long term. This bullish forecast is…
The estate of the late iconic investor, Rakesh Jhunjhunwala, has completely exited its investment in the gaming and esports company, Nazara Technologies. The exit was completed…
In a recent period of market volatility, India's top-listed firms experienced a significant erosion in their market value, collectively losing approximately Rs 1.65 lakh crore in…
Hero FinCorp, the financial services arm of the Hero MotoCorp group, has successfully raised Rs 260 crore in a pre-IPO funding round. This capital raise comes as the company…
In a major relief for exporters, the Gujarat High Court has declared that the omission of Rule 96 10 of the CGST Rules is to be treated as having retrospective effect. This rule…
In a significant interim relief for Antrix Corporation, the commercial arm of the Indian Space Research Organisation ISRO , the Supreme Court of India has stayed a massive VAT…
The Madras High Court has ruled that a wife making unsubstantiated and reckless allegations of sexual assault against her husband and father-in-law constitutes extreme mental…
The National Consumer Disputes Redressal Commission NCDRC , in a case involving Fortis Hospital, has reaffirmed a key principle of medical negligence law: the burden of proof lies…
The National Consumer Disputes Redressal Commission NCDRC has held the National Insurance Company liable for a deficiency in service due to an inordinate delay of four years in…
The Jammu & Kashmir and Ladakh High Court has ruled that in a rape trial, medical evidence merely confirming recent sexual intercourse is not sufficient on its own to convict an…
The Income Tax Appellate Tribunal ITAT has quashed assessment orders in a case, citing that the approval for the assessment was given in a "mechanical" manner. The tribunal found…
The Delhi High Court has quashed reassessment proceedings initiated by the Income Tax Department because the notice was issued in the name of a deceased assessee. The court held…
The Mumbai Bench of the Income Tax Appellate Tribunal ITAT has quashed a revision order that sought to make a disallowance under Section 40A 3 of the Income Tax Act. The tribunal…
The Income Tax Appellate Tribunal ITAT has allowed a taxpayer to claim a deduction for an interest expense that pertained to a prior period. The tribunal's decision was based on…
Authorities from the Central GST department in Delhi have arrested an iron and steel trader for orchestrating a massive GST fraud amounting to Rs 26 crore. The accused is alleged…
The Ministry of Finance has officially dismissed media reports suggesting that the government is planning to introduce a Merchant Discount Rate MDR on Unified Payments Interface…
The Central Board of Direct Taxes CBDT has intensified its efforts to curb tax evasion in the cryptocurrency space by issuing a wave of notices to investors. The department is…
The Directorate General of Foreign Trade DGFT has launched a new "Source from India" feature on its Trade Connect e-platform. This initiative is designed to boost exports by…
The Karnataka High Court has rejected a plea that challenged the constitutional validity of Section 16 2 of the GST Act. This section outlines the conditions that a taxpayer must…
In a significant move to facilitate large-scale imports, the Reserve Bank of India RBI has relaxed the norms for making advance remittances for the import of ships, vessels, and…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has ruled that CENVAT credit can be claimed based on invoices issued by a dealer, and it is not mandatory for the…
The Bombay High Court has provided relief to Kaarya Facilities and Services, clarifying the standard for quantifying the tax amount payable under the Sabka Vishwas Legacy Dispute…
The Bombay High Court has provided relief to Kaarya Facilities and Services by clarifying the standard for quantifying the tax amount payable under the Sabka Vishwas Legacy…
The Central Board of Direct Taxes CBDT has issued its annual guidelines for the compulsory manual scrutiny of Income Tax Returns ITRs for the fiscal year 2025-26. These guidelines…
The Delhi High Court has ruled that a Non-Resident Indian NRI seller cannot be denied their full credit for Tax Deducted at Source TDS simply because the buyer made an error while…
Finance Minister Nirmala Sitharaman is scheduled to conduct a series of high-level review meetings throughout June 2025 with the heads of the Central Board of Direct Taxes CBDT…
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