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The CESTAT has quashed a service tax demand imposed on a member-based association by invoking the doctrine of mutuality. The Tribunal ruled that services provided by an…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has ruled that the limitation period for filing an appeal under Service Tax laws begins from the actual date of…
In a notable ruling, the CESTAT has held that a sub-contractor is independently liable to discharge service tax, even if the main contractor has already paid tax on the entire…
On May 29, 2025, the Delhi High Court issued a notice to Trinamool Congress TMC Member of Parliament Saket Gokhale, demanding an explanation as to why he should not face civil…
The Supreme Court has upheld the Punjab and Haryana High Court's directives to construct a verandah in front of Courtroom No. 1 within the High Court complex, deeming the decision…
The Supreme Court halted Madhya Pradesh High Court proceedings against Minister Kunwar Vijay Shah, directing a Special Investigation Team to probe the allegations. Navbharat Times
Justice PV Sanjay Kumar remarked on the judiciary's sensitivity to criticism, emphasizing the importance of maintaining decorum in court proceedings.
Senior Advocate Sonia Mathur's team won the inaugural Lawstrings Pickleball Premier League, highlighting legal professionals' engagement in sports.
The Reserve Bank of India RBI has proposed a set of simplified guidelines to facilitate the reactivation of inoperative accounts and help customers access unclaimed deposits. The…
The IBBI has issued a notification mandating the digital submission of Corporate Insolvency Resolution Process CIRP forms effective from June 1, under its third amendment. The…
In a major crackdown, the Directorate of Revenue Intelligence DRI , in collaboration with the Assam Rifles, intercepted a large consignment of narcotics in the North-Eastern…
Nestle acquired a minority stake in pet food brand Drools, with legal assistance from TTA and CAM.
The Supreme Court directed that the investigation against Professor Ali Khan Mahmudabad be limited to the two FIRs related to his Facebook post on Operation Sindoor, preventing an…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has quashed a service tax demand that was based on notional income. The tribunal emphasized that taxes can only be…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has ruled that booking cancellation charges are compensatory in nature and thus not liable for service tax. The…
PLI scheme to boost electronics MSMEs, with domestic demand and production-linked incentives driving growth. India's electronics consumption is projected to grow significantly,…
The Institute of Company Secretaries of India ICSI is organizing a free capacity building programme focused on Direct Tax for its members and students. This initiative aims to…
The ITAT has dismissed the Income Tax Department’s appeal in a case involving Section 153C, ruling that the assessment was initiated beyond the permissible time limit. The…
The Insolvency and Bankruptcy Board of India IBBI has issued new regulations targeting personal guarantors who fail to submit repayment plans during insolvency proceedings. The…
Fitch: SMFG’s 20% Yes Bank stake may set foreign investment precedent, easing norms for global banks in India. Fitch Ratings has suggested that Sumitomo Mitsui Financial Group's…
Banks agree on GST levy for co-lending charges, resolving ambiguity in NBFC-bank partnership taxation. Non-banking finance companies NBFCs and banks have reached an agreement that…
Jio-BlackRock’s mutual fund venture cleared, joining Sanlam and Shriram in India’s booming MF sector. Jio Financial Services JFSL announced that its subsidiary has received…
Fintech firms enabling inclusive finance gain FM Sitharaman’s praise, highlighting India’s digital financial inclusion push. Finance Minister Nirmala Sitharaman lauded the…
Oyo targets $6-7B valuation in its third IPO attempt, revising financials to address past regulatory concerns. Global hospitality tech platform Oyo is reportedly in discussions…
The Supreme Court has upheld a 7-year suspension imposed on a practicing advocate who crashed his car into a hotel while under the influence and exhibited misconduct by defying…
The Income Tax Appellate Tribunal ITAT has remanded a case back to the Assessing Officer AO for fresh examination of unexplained loans worth Rs. 2.5 crore and property advances of…
Fitch: SMFG’s 20% Yes Bank stake may set foreign investment precedent, easing norms for global banks in India. Fitch Ratings has suggested that Sumitomo Mitsui Financial Group's…
Banks agree on GST levy for co-lending charges, resolving ambiguity in NBFC-bank partnership taxation. Non-banking finance companies NBFCs and banks have reached an agreement that…
AI manufacturing startup Frinks bags $5M to scale its predictive maintenance and automation solutions. Bengaluru-based deep-tech startup Frinks AI secured $5.4 million in a…
BIS raids FirstCry’s Bengaluru warehouse, seizing goods worth ₹90 lakh over alleged quality violations in baby products. The Bureau of Indian Standards BIS conducted a search and…
BlackBuck reports ₹41 crore PBT in Q4 FY25, with 31% revenue growth, showcasing logistics sector resilience. BlackBuck, India's largest online trucking marketplace, has reported a…
CRED to raise $75M at $3.5B valuation led by GIC, extending its fintech growth trajectory. CRED, the Indian fintech platform known for rewarding users for timely credit card bill…
Kerala HC seeks state response on anticipatory bail for ED officer accused of demanding a ₹2 crore bribe, highlighting anti-corruption scrutiny. The Kerala High Court has sought a…
NCLAT Delhi holds SARFAESI notice to guarantor constitutes personal guarantee invocation under Section 132, validating creditor claims. The National Company Law Appellate Tribunal…
Kerala HC enhances compensation for a disabled child in a motor accident claim, prioritizing long-term care needs in MACT awards. The Kerala High Court significantly increased the…
Punjab & Haryana HC acquits two death-row convicts in a rape-murder case, citing lack of conclusive evidence and procedural lapses. The High Court overturned the conviction and…
Allahabad HC mandates reasoned GST orders under Section 73, even if assessees default in responding to SCNs, ensuring due process. The Allahabad High Court has ruled that Goods…
DGFT aligns RoDTEP schedule with Customs Tariff Act updates, ensuring policy consistency post-May 2025. The Directorate General of Foreign Trade DGFT has synchronized the…
DGFT lifts port/testing restrictions on leather exports, easing compliance for exporters. The Directorate General of Foreign Trade DGFT has removed prior limitations that required…
DGFT curbs imports of cabinet hinges below ₹3/kg, revising trade policies to protect domestic manufacturers. The Directorate General of Foreign Trade DGFT has imposed specific…
SEBI introduces cooling-off periods and reappointment rules for key personnel in market infrastructure institutions MIIs . These stringent policies apply to Managing Directors,…
SEBI mandates uniform expiry days for equity derivatives to enhance market stability. The new framework standardizes contract expiries across major indices, requiring them to…
The Supreme Court has temporarily stayed a significant GST demand of ₹5,712 crore on Paytm First Games, amidst broader legal challenges faced by the online gaming industry…
The Delhi High Court has set aside a Goods and Services Tax GST order, noting that the validity of the challenged notification pertinent to the case is currently pending…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has exempted sub-contractors from service tax liability if the main contractors for the same project are already…
The Delhi High Court has allowed applications under the Direct Tax Vivad se Vishwas DTVSV Scheme, even if taxpayers had not claimed carry-forward losses in subsequent assessment…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has rejected allegations of clandestine removal of goods, ruling that mere discrepancies between financial statements…
The Income Tax Appellate Tribunal ITAT has dismissed the revenue department's appeal challenging the addition of ₹4.93 crore as unaccounted property investment. The ITAT ruled in…
The Gujarat Goods and Services Tax GST department has uncovered a ₹15 crore tax evasion scheme within the manpower services sector. Investigations revealed widespread use of fake…
The Employees' Provident Fund Organisation EPFO has confirmed an 8.25% interest rate on provident fund deposits for the financial year 2024-25 FY25 , maintaining the same rate as…
The CESTAT has quashed a service tax demand imposed on a member-based association by invoking the doctrine of mutuality. The Tribunal ruled that services provided by an…
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