Sorted by Latest
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…
The Housing and Urban Development Corporation HUDCO has signed a Memorandum of Understanding MoU with Bharti Airtel for information security services. This partnership aims to…
Good Glamm Group's employees have reportedly not received salaries for the second consecutive month, raising concerns about the company's financial health. This ongoing issue…
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…
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…
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…
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 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…
The Delhi High Court has directed a petitioner to take alternate remedies after the recall of their GST cancellation was denied due to unpaid dues found later, and the Show Cause…
The ITAT has restored a society's status and remanded a disallowance matter, finding no basis for its treatment as a cooperative bank. The tribunal identified procedural lapses…
The ITAT upheld the deletion of disallowance on technical know-how fees paid by Jindal Pipes, citing that the expenses were genuine and necessary for the business. The tribunal…
The Kerala High Court has clarified the rights of a wife in a shared household after her husband's death. The court held that the wife continues to have the right to reside in the…
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 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 absence of a formal demand notice for property tax during the pendency of litigation does not absolve the assessee's obligation to pay such…
Stable Money, a Bengaluru-based wealthtech platform focused on fixed-income investments, has successfully raised $20 million INR 173 crore in a Series B funding round. The…
The NCLAT has ruled that a notice under Section 13 2 of the SARFAESI Act, demanding payment from a guarantor, constitutes an invocation of the personal guarantee. The tribunal…
The CESTAT has ruled that redemption fine is not justified on re-exported goods due to the supplier's mistake. The tribunal held that if goods are re-exported due to errors made…
Paytm has floated a Singapore subsidiary, following its foray into the UAE market. This international expansion reflects Paytm's ambition to broaden its global footprint. The…
The CESTAT has held that construction services provided to the Delhi Development Authority DDA are not taxable under Construction of Complex, Building or Immovable Civil Structure…
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 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 ITAT has ruled that deduction under Section 80JJAA cannot be denied solely for the late filing of Form 10DA before the return due date. The tribunal held that as long as the…
Caret Capital, a sustainability-focused fund, has announced the first close of its INR 400 crore fund, raising over INR 160 crore within six months. The fund's primary focus is on…
The ITAT has restored an 80G approval matter, citing procedural lapses in the rejection order. The tribunal found that the initial order rejecting the 80G approval did not follow…
A new Supreme Court ruling may lead to dual taxation for Over-The-Top OTT platforms and gaming apps. The ruling clarifies the applicability of both entertainment tax and GST on…
The CBI has arrested a senior IRS officer for allegedly accepting a bribe of ₹25 lakh in an income tax corruption case. The officer is accused of facilitating tax evasion in…
The Delhi High Court has directed a petitioner to take alternate remedies after the recall of their GST cancellation was denied due to unpaid dues found later, and the Show Cause…
Decoding Snabbits' Series B round valuation and cap table provides insights into the company's financial structure. This analysis is crucial for understanding the dynamics of…
The CBIC has appointed a Commissioner for the adjudication of 700 pending customs appeals across Mumbai zones. This appointment is aimed at expediting the resolution of a…
A textile trader has been arrested in connection with a Rs 100 crore fake invoice GST scam. The arrest highlights ongoing efforts to combat tax evasion and fraudulent practices…
Aakash Educational Services Limited AESL has moved the NCLT against EY, seeking to implead the consultancy firm and its partner Ajay Shah in the ongoing Byju's case. AESL alleges…
The CBDT has notified REC Limited's Rs 5,000 crore zero-coupon bond under Section 2 48 of the Income Tax Act. This notification provides specific tax treatment for these bonds,…
The Himachal Pradesh High Court has ruled that a notice issued under Section 148 of the Income Tax Act, without providing reasons, is invalid. The court emphasized that it is…
The CBDT has advanced the due date for filing Form 64A and 64E to June 15th for Assessment Year 2025-26. These forms are related to reporting by investment funds. This change…
ITR filing for AY 2025-26 has commenced, with over 54,000 returns filed within the first three days. This early filing trend indicates increased awareness and compliance among…
The CBIC has notified the assignment of 700 appeals to the Mumbai Zone-I Customs Commissioner. This move aims to expedite the resolution of pending customs appeals, reducing…
Amazon India has rolled out a new INR 5 marketplace fee for all users on most orders, with some exceptions for categories like gift cards and digital services. This fee is…
Morgan Stanley has raised its forecast for India's quick commerce market to $57 billion by 2030, a significant increase from its previous estimate of $42 billion. The brokerage…
Flipkart's logistics arm, Ekart, has gone live on the Open Network for Digital Commerce ONDC . This integration aims to enhance the logistics infrastructure available to sellers…
Stable Money has raised $20 million in a funding round led by Fundamentum. The investment will support Stable Money's growth and expansion in the fintech sector. This capital…
The ITAT has directed the Assessing Officer AO to verify R&D expense allocation for Piramal Enterprises, amid an unproven link to the company's Baddi units' manufacturing…
The CESTAT has held that ERP services provided to an overseas client qualify as export and quashed a service tax demand on limitation grounds. The tribunal found that the services…
The Supreme Court has stayed a Madras High Court order allowing income tax reassessment against Dalmia Bharat and its subsidiaries. The apex court's intervention provides interim…
The Madras High Court has granted relief to a DMK trust by quashing income tax transfer orders due to procedural issues. The court found that the transfer of the trust's case to a…
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…
Showing 50 of 42930 updates