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The CESTAT has ruled that a 100% Export Oriented Unit EOU can carry forward accumulated CENVAT credit upon de-bonding to a Domestic Tariff Area DTA unit. The tribunal affirmed…
The ITAT has quashed reassessment proceedings, ruling that an Assessing Officer's AO action based solely on a report from the Additional Director of Income Tax ADIT amounts to…
The Madras High Court has emphasized that GST notices must be effectively served, stating that if there is no response to a portal upload, registered post with acknowledgment due…
Tesla is reportedly ramping up its India strategy by leasing significant warehouse space in Mumbai. This move, involving over 50,000 square feet, suggests an increased focus on…
Zepto, the quick commerce unicorn, has reportedly put its IPO plans on hold. This decision comes amidst a challenging market environment for tech IPOs and a strategic…
Naagin Sauce, a hot sauce brand, has successfully bagged over $2.1 million approximately Rs 17.5 crore in a funding round. The investment saw participation from 360 One Asset,…
The NCLAT National Company Law Appellate Tribunal has quashed a plea by Gensol, denying any respite to the company regarding the defreezing of its assets. This decision means that…
Anant Goel's Handpickd, an early-stage startup, has successfully raised fresh funds, although the specific amount and investors are not yet disclosed. This investment indicates…
A 19-year-old boy has been apprehended in connection with a multi-crore GST scam involving B2C credit fraud. The scam involved generating fake invoices to illegally claim input…
The Press Information Bureau PIB Fact Check unit has debunked a viral claim suggesting that the Rs 500 note is being discontinued. Through an official clarification, PIB stated…
A Navi Mumbai professor was defrauded of Rs 1.81 crore in a sophisticated fake income tax scam. The scammers impersonated income tax officials, using phishing techniques and…
Capillary Technologies' board has approved a plan for an Initial Public Offering IPO aiming to raise up to Rs 2,250 crore. This significant move signals the company's intent to go…
Hyundai and Kia have collectively sold their stake in Ola Electric, valued at approximately Rs 690 crore around $83 million . The majority of the buyers for these shares remain…
The Kerala High Court has directed for the admission of juveniles involved in the Shahabas murder case, who are currently in an observation home, into schools. The court's…
The Delhi High Court has ruled that personal loan EMIs do not override a husband's obligation to maintain his wife. The court emphasized that a husband's financial commitments,…
The Punjab and Haryana High Court has acquitted men in a rape case, 20 years after their conviction. The court's decision, after a prolonged legal battle, indicates a…
The Delhi High Court allowed a CGST Show Cause Notice SCN for personal hearing, which was issued on an old address, to be rectified. The court recognized that sending the SCN to…
The Kerala High Court ruled that the absence of a formal demand notice for property tax during the pendency of litigation does not absolve the assessee's obligation to pay such…
The Kerala High Court ruled that the import of an inverter component without a photo-voltaic cell is not eligible for customs duty exemption. The court clarified that for the…
CoinDCX, a prominent cryptocurrency exchange, is reportedly seeing its Chief Technology Officer CTO , Head of Finance, and Head of Legal set to resign. These significant…
The Gujarat High Court has permitted Sunil Kakkad, an accused in a multi-crore bank fraud case, to travel to the UAE. The court granted permission after considering his…
The Himachal Pradesh High Court has granted bail to an accused in an NDPS Narcotic Drugs and Psychotropic Substances case, citing a violation of the right to a speedy trial. The…
The Kerala High Court has stayed the trial in the Shuhaib murder case. The court's decision to halt the proceedings indicates that there might be significant legal or procedural…
The Kerala High Court has ruled that a vessel engaged under a SEAIOCM agreement qualifies as a "foreign-going vessel" for exemption under Section 87 of the Customs Act. The…
The Kerala High Court ruled that the import of an inverter component without a photo-voltaic cell is not eligible for customs duty exemption. The court clarified that for the…
The Kerala High Court ruled that the absence of a formal demand notice for property tax during the pendency of litigation does not absolve the assessee's obligation to pay such…
The CESTAT has ruled that remuneration paid to Whole-Time Directors is not taxable under Reverse Charge Mechanism RCM . The tribunal clarified that such remuneration, paid by the…
The CESTAT has ruled that profit from subcontracted Goods Transport Agency GTA service is not taxable under "Business Auxiliary Service." The tribunal clarified that when a…
The ITAT has quashed reassessment proceedings, ruling that an Assessing Officer's AO action based solely on a report from the Additional Director of Income Tax ADIT amounts to…
Finance Minister Nirmala Sitharaman has stated that the government will promote lower denomination notes and expand digital payments. This strategy aims to enhance financial…
The Centre has authorized the Maharashtra Women and Child Development Secretary to access Income Tax data. This authorization facilitates data sharing between government…
The Ministry of Corporate Affairs MCA has notified amendments to Form GNL-1 under the Companies Act, mandating that it must be certified by a Whole-Time Company Secretary CS ,…
The Madras High Court has ordered the department to hear a government civil contractor's case, where the GST appeal filing was delayed due to confusion in the GST rate. The court…
The Delhi Tax Department has issued a circular directing GST officers to avoid issuing ex-parte orders during the Sales Tax Bar Association's summer break. This directive aims to…
The CESTAT has ruled that a 100% Export Oriented Unit EOU can carry forward accumulated CENVAT credit upon de-bonding to a Domestic Tariff Area DTA unit. The tribunal affirmed…
The Delhi High Court allowed a CGST Show Cause Notice SCN for personal hearing, which was issued on an old address, to be rectified. The court recognized that sending the SCN to…
The Companies Cost Records and Audit Rules, 2025, have been updated, with revisions to Forms CRA-2 and CRA-4. These amendments streamline the compliance requirements for companies…
The NCLT has ruled that the establishment of financial debt is not precluded due to the absence of a formal written agreement. The tribunal clarified that even without a formal…
The Special Economic Zones Amendment Rules, 2025, introduce key changes to land requirements, manufacturing units, and export provisions within SEZs. These amendments aim to…
The Ministry of Corporate Affairs MCA has launched user awareness sessions on annual filings via its V3 portal. The Institute of Company Secretaries of India ICSI has shared a…
The Delhi High Court, while addressing an order passed under the CGST Act without providing an opportunity of hearing, directed the petitioner to avail the appellate remedy. The…
The Madras High Court has emphasized that GST notices must be effectively served, stating that if there is no response to a portal upload, registered post with acknowledgment due…
The Delhi High Court has set aside a reassessment notice issued against the Communist Party of India Marxist CPIM after March 31, 2021, without following the procedure under…
Income Tax Return ITR Forms 1 Sahaj and 4 Sugam are now available for online filing with pre-filled data for Assessment Year 2025-26. This initiative by the Income Tax Department…
A 19-year-old boy has been apprehended in connection with a multi-crore GST scam involving B2C credit fraud. The scam involved generating fake invoices to illegally claim input…
The Press Information Bureau PIB Fact Check unit has debunked a viral claim suggesting that the Rs 500 note is being discontinued. Through an official clarification, PIB stated…
A Navi Mumbai professor was defrauded of Rs 1.81 crore in a sophisticated fake income tax scam. The scammers impersonated income tax officials, using phishing techniques and…
The Ministry of Finance has appointed Punjab National Bank PNB as the official liquidator for 32 defunct banks, mostly cooperative banks. This significant move aims to streamline…
Six defaulter flat buyers in a Chembur project have received no relief, with courts upholding the builder's action despite their pleas. The case highlights instances where buyers…
Realtors in Punjab are receiving notices for selling plots without registering their projects, violating real estate regulations. This action by authorities aims to curb…
The CESTAT has ruled that a 100% Export Oriented Unit EOU can carry forward accumulated CENVAT credit upon de-bonding to a Domestic Tariff Area DTA unit. The tribunal affirmed…
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