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Giva, a direct-to-consumer D2C startup specializing in affordable silver jewellery, is in talks to raise INR 450 crore approximately $54 million in a new funding round. The round…
The Madras High Court has ordered actor and producer Vishal to pay a sum of Rs 30 crore to the production house, Lyca Productions, in connection with a loan dispute. The court…
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal CESTAT has ruled that service tax is not applicable on bank charges paid to foreign banks under the…
Pantomath Group's asset management division has launched the 'Bharat Bhumi Fund,' a new investment fund with a target corpus of Rs 2,000 crore. This fund will focus on investing…
An FIR has been filed against the fantasy gaming platform Sportasy in Haryana under the state's newly amended gambling law. This is one of the first major actions taken under the…
Facing severe financial pressure, edtech giant Byju's has been forced to sell two of its international assets, Epic and Tynker, in a distressed deal. Epic is a US-based digital…
Social commerce giant Meesho has converted from a private limited company to a public limited company, a clear and decisive step as it prepares for an Initial Public Offering IPO…
Rumikai, a startup operating in the home decor and furnishings space, is set to raise approximately $5 million in a new funding round. The round is expected to be led by the…
The Income Tax Appellate Tribunal ITAT has established an important procedural directive, barring the Commissioner of Income-tax Appeals CIT A from remanding a case back to the…
In a case concerning the refund of Rs 25 lakh deposited by an assessee during a service tax investigation, the Customs, Excise, and Service Tax Appellate Tribunal CESTAT has…
The Income Tax Appellate Tribunal ITAT has set aside an order by the Commissioner of Income Tax Exemptions that had rejected the renewal of an 80G registration for a trust. The…
A Delhi court has ordered a magisterial inquiry into the alleged custodial death of a 28-year-old man at the Subhash Place police station in North-West Delhi. The man was found…
The Kerala High Court has admitted a Public Interest Litigation PIL that seeks to regulate the practice of "dynamic pricing" for movie tickets in multiplexes across the state. The…
The Securities and Exchange Board of India SEBI has imposed a penalty of Rs 3 lakh on the brokerage firm Motilal Oswal Financial Services Ltd for violating regulatory norms. The…
The Madras High Court has closed a plea that sought a CBI probe into alleged irregularities in the 'Dr. B.R. Ambedkar Champions Scheme,' a program in Tamil Nadu. The plea was…
The Chennai Bench of the National Company Law Appellate Tribunal NCLAT has dismissed an appeal filed by edtech giant Byju's parent company, Think & Learn Pvt Ltd. The appeal was…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that a service tax demand that is not part of an approved resolution plan under the Insolvency and…
The Assam GST Department has issued a comprehensive Standard Operating Procedure SOP to govern its road vigilance and mobile squad operations. These guidelines are aimed at…
The Kerala High Court has clarified that a vessel engaged under a "Specialised-Vessel Services for Exploration and Production Operations under Indian Contractual and Tax…
The Kerala High Court is hearing a Public Interest Litigation PIL that seeks a CBI investigation into allegations of illicit payments between a private mining company, Cochin…
The Chennai Bench of the Customs, Excise, and Service Tax Appellate Tribunal CESTAT has reiterated that service tax under the Reverse Charge Mechanism RCM is not applicable on…
The Reserve Bank of India RBI has removed the restrictions that were previously placed on Brickwork Ratings India Private Limited. This means that banks and other financial…
The Mumbai Bench of the Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that a payment made against a cancelled invoice for post-contract services is not…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has upheld the imposition of a redemption fine on a taxpayer whose fabric rolls went missing after being legally…
In a ruling that provides clarity on the scope of "Business Support Services," the Delhi Bench of the Customs, Excise, and Service Tax Appellate Tribunal CESTAT has quashed a…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has ruled that a license fee paid under a brewery contract is not taxable as part of the rent for immovable property.…
The Manipur government has notified the Manipur Goods and Services Tax Amendment Ordinance, 2025. This ordinance brings the state's GST law in line with the recent amendments made…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has remanded a case back to the adjudicating authority after finding significant contradictions in the claims made by…
The Ministry of Corporate Affairs MCA has mandated that companies filing their financial statements using e-form AOC-4 XBRL must now also attach a PDF copy of the financials as…
The Income Tax Appellate Tribunal ITAT has provided relief to a trust by restoring its application for Section 80G registration, which had been rejected by the tax authorities.…
The Goods and Services Tax Network GSTN has released an important advisory concerning the reporting of Harmonized System of Nomenclature HSN codes in Table 11A of the GSTR-1 form.…
The Income Tax Appellate Tribunal ITAT restored a taxpayer's case for fresh consideration, ruling that an ex-parte dismissal by the National Faceless Appeal Centre NFAC violated…
In a major joint operation code-named "White Veil," the Directorate of Revenue Intelligence DRI , Customs, Assam Rifles, and Manipur Police have seized a massive consignment of…
A Chartered Accountant has raised concerns about the GST registration process after a client's application was rejected three consecutive times without, what the CA terms, a valid…
The Central Board of Indirect Taxes and Customs CBIC has issued a circular clarifying that a Document Identification Number DIN is not mandatory on communications that are…
In a significant development, a special CBI court has declared the arrest of three Central GST CGST officials in a Rs 10 lakh bribery case to be illegal. The court's decision was…
A man from Dombivli, Maharashtra, became a victim of identity fraud when his personal details were misused to establish a fake company that accrued tax dues of Rs 2.9 crore. The…
The Central Board of Indirect Taxes and Customs CBIC has clarified that the mandatory quoting of a Document Identification Number DIN is not required for communications generated…
The Central Board of Direct Taxes CBDT has granted a significant extension for the processing of pending Income Tax Returns ITRs for the Assessment Year AY 2023-24. The deadline…
OpenAI, the company behind the widely popular AI chatbot ChatGPT, has reached an annualized revenue run rate of $10 billion. This remarkable financial milestone is primarily…
In a relief for banks, the Chennai Bench of the Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that notional interest on security deposits collected for…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has ruled that rent paid by a company to its directors in their personal capacity for immovable property is not…
The Kerala High Court has delivered a judgment clarifying that the absence of a formal demand notice for property tax does not absolve an assessee of their fundamental obligation…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has reaffirmed the finality of a resolution plan under the Insolvency and Bankruptcy Code IBC . The tribunal ruled…
The Central Board of Direct Taxes CBDT has released its Central Action Plan for the fiscal year 2025-26, outlining its key priorities and focus areas for the Income Tax…
The Kerala High Court has clarified that a vessel engaged under a "Specialised-Vessel Services for Exploration and Production Operations under Indian Contractual and Tax…
The Income Tax Appellate Tribunal ITAT has addressed the issue of the taxability of agricultural land purchased at a price lower than its stamp duty value, a situation covered…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has reiterated the "principle of mutuality," ruling that services provided by a club to its members are not taxable.…
The Income Tax Appellate Tribunal ITAT deleted a penalty imposed under Section 271 1 c of the Income Tax Act, ruling that a penalty for concealment of income cannot be levied when…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that a service tax demand that is not part of an approved resolution plan under the Insolvency and…
Giva, a direct-to-consumer D2C startup specializing in affordable silver jewellery, is in talks to raise INR 450 crore approximately $54 million in a new funding round. The round…
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