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HealthKois, a healthcare-focused investment firm, has launched a $300 million fund, with a $100 million green shoe option, to support early growth-stage healthcare companies. The…
The Institute of Chartered Accountants of India ICAI announced the schedule for the Computer-Based Test CBT for the Information Systems Audit ISA assessment. This move aims to…
Elon Musk's Starlink has received a key licence from India's Department of Telecommunications to initiate commercial satellite communication services in the country. This approval…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT ruled that service tax cannot be levied in the absence of consideration flow, setting aside a ₹3.15 lakh demand on a…
The Allahabad High Court set aside a GST order, criticizing the authorities for treating the personal hearing as a mere formality. The court emphasized that a personal hearing is…
The Allahabad High Court stayed the recovery of Goods and Services Tax GST on the transfer of leasehold rights, stating that the matter requires further consideration. The court…
The Securities and Exchange Board of India SEBI extended the relaxation allowing listed entities to send physical copies of financial statements to debt holders who do not have…
The Kerala High Court ruled that solar inverters imported without photovoltaic PV cells do not qualify for customs duty exemption under Notification No. 12/2012-Central Excise.…
Vecmocon, an electric vehicle EV solutions provider, is raising Rs 74 crore $8.7 million from Aavishkaar Capital and existing investors. The funding includes primary and secondary…
PhonePe has acquired GSPay, a technology stack from Gupshup, to enable UPI-based payment services for feature phone users. This initiative aims to extend digital payment access to…
The Reserve Bank of India RBI has reiterated concerns about cryptocurrency trading, emphasizing its potential to disrupt financial stability and undermine monetary policy. Despite…
The Delhi High Court dismissed a writ petition filed by Mahavir Metal House challenging an order that raised demands and penalties for fraudulent availment of Input Tax Credit ITC…
The Delhi High Court directed M/s Lala Shivnath Rai Sumerchand Confectioner Pvt. Ltd. to file an appeal before the appellate authority regarding the denial of Input Tax Credit ITC…
The Income Tax Appellate Tribunal ITAT dismissed the appeals filed by GE Steam Power Systems for assessment years 2015-16 and 2016-17, as the company opted to settle the disputes…
The Delhi High Court set aside a GST Show Cause Notice SCN issued to the petitioner, Menka Chaturvedi, for the financial year 2017-18. The court found that the petitioner did not…
The CESTAT addressed a case involving Tech Mahindra's subsidiaries, where the company sought a refund on CENVAT service tax paid for overseas services. The tribunal held that the…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT ruled that service tax cannot be levied in the absence of consideration flow, setting aside a ₹3.15 lakh demand on a…
Fintech infrastructure startup Decentro has successfully raised Rs 30 crore in a Series B funding round led by InfoEdge Ventures. The company also announced plans to relocate its…
The article discusses the critical role of Chartered Accountants in forensic audits, highlighting their responsibility in detecting and reporting financial irregularities. It…
The Chennai Bench of the Customs, Excise, and Service Tax Appellate Tribunal CESTAT dealt with a case where the Revenue challenged the classification of 'Martech DHA'. The…
The Pune Bench of the ITAT examined a case where the assessee deposited ₹41 lakh in demonetized notes after the permissible date, leading to its addition as unexplained income.…
The Kolkata Bench of the ITAT dealt with a case involving the addition of ₹12.48 lakh as unexplained cash deposits during demonetization under Section 69A. The assessee's appeal…
The Mumbai Bench of the Income Tax Appellate Tribunal ITAT addressed a case where discrepancies between Form 16 and Form 26AS led to the disallowance of exempt allowances claimed…
SEBI mandated full automation of pledge invocation and securities disposal by brokers from September 2025. This requires integration between broker-backoffice and clearing…
Kosmc AI, a social commerce infrastructure startup, has raised $200K in a pre-seed funding round. The company offers tools to simplify monetization across platforms like Instagram…
The Allahabad High Court stayed the recovery of Goods and Services Tax GST on the transfer of leasehold rights, stating that the matter requires further consideration. The court…
The Securities and Exchange Board of India SEBI extended the relaxation allowing listed entities to send physical copies of financial statements to debt holders who do not have…
Madras HC stayed GST recovery proceedings where authorities ignored valid TR-6 challan proof for IGST payment. The court acknowledged technical glitches in GSTN portal recognition…
ITAT dismissed Revenue's appeal against Education Cess deduction but remanded the case to CIT A for re-examination due to inadequate initial analysis. The tribunal emphasized cess…
SEBI released a revised Investor Charter for research analysts, mandating disclosure of conflicts of interest, qualifications, and fee structures. It outlines investor rights to…
CESTAT exempted service tax on foreign bank charges for export remittances, affirming these qualify as "export of service" under Place of Provision Rules, 2012. The tribunal…
ITAT ruled "stake money" paid to horse owners by race clubs isn't "winnings" under Sections 194B/194BB, exempting it from TDS. The tribunal distinguished stake money participation…
Biopeak, a health-tech startup, has secured $3.5 million in funding from prominent investors including Prashanth Prakash, the Kamath brothers, and Ranjan Pai. The funds will be…
The Kolkata Bench of the ITAT dealt with a case involving the addition of ₹12.48 lakh as unexplained cash deposits during demonetization under Section 69A. The assessee's appeal…
Madras HC stayed GST recovery proceedings where authorities ignored valid TR-6 challan proof for IGST payment. The court acknowledged technical glitches in GSTN portal recognition…
The Income Tax Appellate Tribunal ITAT overturned a CIT A order that treated a shareholder loan as "deemed dividend" under Section 2 22 e . The tribunal ruled the transaction…
The Reserve Bank of India's Monetary Policy Committee MPC announced a 50 basis points reduction in the repo rate, lowering it to 5.50%. This decision aims to stimulate economic…
The Income Tax Appellate Tribunal ITAT directed the Assessing Officer to verify the source of ₹24 lakh deposited during the demonetization period. The tribunal emphasized the need…
The Delhi High Court held that the seizure of gold jewellery and a used iPhone from a UAE resident qualifies as personal effects, ordering their release. The court emphasized the…
The Institute of Chartered Accountants of India ICAI announced the schedule for the Computer-Based Test CBT for the Information Systems Audit ISA assessment. This move aims to…
Apple is set to open its fourth store in India, located in Mumbai's Borivali area. The new store will offer the latest Apple products, including the iPhone 17 series, MacBooks,…
Zomato has introduced electric vehicle EV bike rentals for its delivery partners to promote eco-friendly deliveries. This initiative is part of Zomato's broader strategy to reduce…
The Ministry of Corporate Affairs MCA has notified revised versions of forms MGT-7, MGT-7A, and MGT-15 under the Companies Management and Administration Amendment Rules. These…
The Income Tax Department has processed over 1.23 lakh returns, streamlining the refund process. Taxpayers can expect quicker refunds due to improved processing systems. The…
The West Bengal Tax Tribunal ruled that a review under Section 87 4 of the VAT Act is not maintainable unless there is a post-revision discovery of concealment. The tribunal…
HealthKois, a healthcare-focused investment firm, has launched a $300 million fund, with a $100 million green shoe option, to support early growth-stage healthcare companies. The…
Inflexor Ventures, an early-stage VC firm, is targeting the first close of its $150 million Fund III by the end of Q2 FY26. The fund will focus on emerging sectors like healthcare…
Delhi-based Bloom Hotels is set to raise Rs 77.7 crore $9 million in its first funding round of 2025, with participation from Samena Capital Limited and Ikonika Holdings. The…
Scaler, an edtech platform specializing in upskilling, is finalizing a $40 million funding round, marking its first in over three years. The round, led by Lighthouse with…
Elon Musk's Starlink has received a key licence from India's Department of Telecommunications to initiate commercial satellite communication services in the country. This approval…
HealthKois, a healthcare-focused investment firm, has launched a $300 million fund, with a $100 million green shoe option, to support early growth-stage healthcare companies. The…
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