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Plush, a feminine hygiene startup, has successfully secured INR 40 crore approximately $4.8 million in a recent funding round. This capital infusion will empower Plush to expand…
Decentro, a fintech infrastructure platform, is set to kick off its Series B funding round, with Info Edge slated to lead the investment. This development signals strong investor…
Verse, a company, has denied revenue manipulation charges, calling the claims baseless and defamatory. The company issued a strong rebuttal against allegations that it had…
In a major shift for UPI, the government may allow MDR Merchant Discount Rate for large merchants. This move, currently under consideration, could introduce charges for UPI…
Syfe, a wealth management platform, has successfully raised $80 million in its Series C funding round. This substantial capital infusion will enable Syfe to accelerate its growth,…
The CESTAT has ruled that hostel services provided by coaching centers are exempt from service tax. The tribunal clarified that such services, when integrally linked to the…
The NCLAT has directed the NCLT to hear pleas filed by BluSmart and Matrix Gas regarding the freezing of their accounts on June 9. The appellate tribunal's directive indicates…
CJI BR Gavai stated that the entry for foreign law firms will promote India as a destination for international commercial arbitration. Speaking at an event, the Chief Justice…
The Kerala High Court expressed its helplessness when people lose money invested in cooperative banks that show political allegiance. The court observed a concerning trend where…
The Punjab and Haryana High Court has ruled that the state has no authority to withhold retiral benefit dues on account of a pending FIR. The court emphasized that an employee's…
The Punjab and Haryana High Court has ruled that pre-arrest bail in corruption cases can be granted only when the FIR is filed on political vendetta or if the accused is prima…
The Madras High Court has issued a significant observation regarding the welfare of the government, stating that it should enforce prohibition, not establish more TASMAC Tamil…
The Allahabad High Court addressed the bail application of Elvish Yadav in the snake venom case, noting his "popularity" as an accused. The court's consideration of his public…
The Gauhati High Court has granted separation to a wife who was assaulted by her husband over doubts about the child's paternity due to the child's skin complexion. The court…
The Rajasthan High Court has granted relief in two rape FIRs filed by women based on a false promise of marriage. The court's decision suggests that it found the allegations of…
The Supreme Court has addressed the implementation of the Domestic Violence Act, specifically emphasizing the need for Protection Officers and free legal aid. The court…
The NCLAT Delhi has ruled that when the entire debt amount has been repaid, the Corporate Insolvency Resolution Process CIRP cannot be continued. The tribunal emphasized that the…
The NCLT Delhi has ruled that an interest-free debt must involve the "time value of money" to qualify as financial debt under the Insolvency and Bankruptcy Code IBC . The tribunal…
The Kerala High Court has ruled that there is no provision for rejecting an appeal solely on the non-appearance of the assessee; it must be decided by mandate contemplated under…
The Madras High Court has upheld the seizure of 3 kg of crude gold bars due to the carrier's inability to prove a legitimate source, under Section 123 of the Customs Act. The…
The Allahabad High Court has stayed the recovery of GST on the transfer of leasehold rights, stating that the matter needs consideration. This interim relief indicates that the…
The Delhi High Court has exposed an organized GST scam involving forged GST notices and Aadhaar cards with fictitious petitioners. The court observed a clear pattern of fraudulent…
The Allahabad High Court has ruled that a GST notice must be issued to the legal representative before the determination of tax liability post-death of a proprietor. The court…
Pidilite Industries has received a GST penalty order of Rs 13.18 lakh. The penalty was likely imposed due to non-compliance with certain provisions of the GST law, such as late…
HCL Infosystems has received a CGST rectification order correcting an error in a demand of Rs 80.22 lakh. The company had initially faced a demand of this amount, which was…
The Delhi High Court has ruled that no IGST is payable on head office services not cross-charged to branches when full Input Tax Credit ITC is available. The court clarified that…
The Madras High Court has directed the Commissioner of Udhagamandalam Municipality to appear before the Assessing Officer AO due to erroneous GST filing by a former auditor. The…
The Madras High Court has quashed a Section 148 income tax reassessment notice, ruling it was issued beyond the limitation period. The reassessment was triggered by a 175% spike…
The ITAT has ruled that receipts by Coursera are not taxable as Royalty or Fees for Technical Services FTS under the India-USA Double Taxation Avoidance Agreement DTAA . The…
The Madras High Court has granted relief to an advertising firm, ruling that failure to check the 'additional notice tab' on the GST portal is not fatal. The court acknowledged…
The ITAT upheld the addition for a senior citizen found with Rs 95.89 lakh cash on a train, who claimed it belonged to a firm, due to a lack of sufficient evidence. The tribunal…
The ITAT has quashed a PCIT's Principal Commissioner of Income Tax order, ruling that Explanation 2 to Section 263 does not grant unfettered revision powers. The tribunal…
The ITAT has ordered a reconsideration of a trust's registration denial, which was based on an object clause allowing overseas fund use, after a proposed amendment. The tribunal…
The CESTAT has clarified that there is no blanket exemption for Special Economic Zones SEZs and has ordered a refund reassessment, stressing the need for proper documentation. The…
The ITAT has ruled that its Delhi Benches lack jurisdiction over Sahara India appeals and related companies due to the Assessing Officer's AO location. The tribunal clarified that…
The ITAT granted partial relief to Piaggio, directing a fresh Transfer Pricing TP verification due to the incorrect uniform margin application on exports. The tribunal found that…
The ITAT has confirmed the legitimacy of Aries Agro's cash deposits during demonetisation, citing clear and verified records. The tribunal found that the company had maintained…
The Supreme Court has stayed a Rs 5,712 crore GST demand imposed on Paytm's First Games, amid a broader industry-wide legal battle concerning online gaming. The apex court's…
The ITAT has set aside an order issued by the NFAC National Faceless Assessment Centre , finding that it was a duplicate of an earlier order issued due to miscommunication. The…
The ITAT has provided relief to Vodafone, allowing the inclusion of foreign exchange gains as operating income in its transfer pricing adjustment. The tribunal ruled that these…
The Orissa High Court disposed of a writ petition against a GST demand, granting liberty to the petitioner to file a fresh representation. The court's decision suggests that while…
The Delhi High Court has set aside an order passed under Section 148A of the Income Tax Act, deeming the proceedings invalid when the Assessing Officer AO rejected the assessee's…
The Delhi High Court has quashed an income tax reassessment notice issued for Assessment Year 2015-16, ruling that the Taxation and Other Laws Relaxation and Amendment of Certain…
The Delhi High Court has declined to exercise writ jurisdiction in a fraudulent GST Input Tax Credit ITC case, citing the precedent set by the Mukesh Kumar Garg judgment. The…
A GST Inspector was arrested red-handed in Palwal for accepting a bribe of Rs 5,000. This incident highlights ongoing efforts by vigilance authorities to combat corruption within…
The CBDT has notified the sharing of tax information to aid Maharashtra's girl child welfare scheme. This data-sharing initiative aims to facilitate the identification of eligible…
The Finance Ministry has called for streamlining Central Schemes ahead of a 2026 deadline. The directive aims to enhance the efficiency and impact of government-funded programs by…
The Institute of Chartered Accountants of India ICAI has released a draft panel for the appointment of statutory auditors for State and Central Co-operative Banks for the…
Dixon Technologies is seeking government approval to partner with China's HKC Corporation for a new module manufacturing unit. This collaboration aims to leverage HKC's expertise…
Swiggy's shares have rallied by 7% after Morgan Stanley initiated coverage on the food delivery giant with an 'Overweight' rating. This positive rating from a prominent global…
Plush, a feminine hygiene startup, has successfully secured INR 40 crore approximately $4.8 million in a recent funding round. This capital infusion will empower Plush to expand…
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