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The Income Tax Appellate Tribunal ITAT has overturned a CIT A order because notices were wrongly emailed to the assessee despite their explicit opt-out preference. The decision…
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…
Quick-fashion delivery startup Slikk secures $10M to enter new categories and expand its hyperlocal delivery network. Bengaluru-based quick fashion delivery startup Slikk has…
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…
D2C luggage brand EUME nets ₹25 Cr to expand its product portfolio and enhance omnichannel presence. Mumbai-based direct-to-consumer D2C luggage brand EUME has successfully raised…
FleetX raises $13M to digitize logistics operations for trucking companies through IoT and AI-driven solutions. The Gurugram-based logistics SaaS startup, Fleetx, secured ₹113…
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…
PE firm Multiples marks final close of $430M continuation fund, extending its investment focus on late-stage Indian startups. Multiples Alternative Asset Management has…
Myntra receives ₹1,062 Cr from Singapore parent Flipkart to strengthen its fashion e-commerce operations and expand market share. The substantial capital infusion from its…
CCI approves Jumbotail-SOLV India merger, clearing the B2B e-commerce consolidation. The Competition Commission of India CCI has given its approval for the merger between…
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…
Info Edge posts ₹750 crore revenue in Q4 FY25, with profits jumping 77x, reflecting strong portfolio performance. Info Edge India Ltd., the parent company of popular online…
Amagi converts to public entity ahead of IPO plans, signaling readiness for public market listing. Amagi, a leading cloud-native SaaS technology company for broadcast and…
Delhi HC hears plea against RTI denial on complaints against ex-judge T. Raja, probing transparency in judicial accountability. The Delhi High Court has commenced hearing a plea…
Lucknow Consumer Forum halts Sunny Leone’s bar construction in a residential area, upholding zoning laws and resident rights. The Lucknow Consumer Forum has issued an order to…
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…
NCLT Hyderabad invalidates insolvency petition as demand notice was sent to the wrong address, stressing procedural compliance. The National Company Law Tribunal NCLT in Hyderabad…
NCLAT Delhi holds SARFAESI notice to guarantor constitutes personal guarantee invocation under Section 132, validating creditor claims. The National Company Law Appellate Tribunal…
Calcutta HC voids arbitration clause in a contract where mere heading mentioned arbitration but lacked fresh consent, emphasizing mutual agreement. The Calcutta High Court ruled…
Punjab & Haryana HC criticizes trial judge in M3M director’s bribery case for procedural improprieties, ordering fresh examination. The High Court came down heavily on the trial…
Delhi HC upholds arbitration clause over exclusive jurisdiction clause, affirming the designated seat court’s authority in contractual disputes. The Delhi High Court ruled that an…
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…
J&K HC denies tax exemption under Section 10 26 without proof of residence in specified areas, tightening scrutiny on tribal income claims. The Jammu & Kashmir High Court…
Delhi HC terminates arbitrator’s mandate under Section 14 of the Arbitration and Conciliation Act due to an 8-year unexplained delay in award delivery. The court stressed the…
NCLT dismisses insolvency plea against Dunzo by invoice discounters, ruling operational debt claims unsustainable. The National Company Law Tribunal NCLT has dismissed an…
Delhi HC denies bail to Ahlmad in corruption case, citing serious allegations and flight risk. The court emphasized the gravity of corruption charges, especially when involving…
Calcutta HC criticizes trial judge’s "patriarchal mindset" in a divorce case, condemning copy-paste orders as gender-biased and non-application of mind. The Calcutta High Court…
Supreme Court seeks IRDA’s response on a plea challenging epilepsy’s exclusion from health insurance coverage, addressing discrimination concerns. The Supreme Court has directed…
Supreme Court exempts bank guarantee refunds from unjust enrichment claims, allowing Patanjali’s customs duty plea. The Supreme Court has ruled that refunds arising from bank…
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…
SAT absolves compliance officers from liability for fraudulent accounts, ruling they cannot be held vicariously liable without direct involvement. The Securities Appellate…
CA flags ITR processing delays despite multiple grievances, highlighting systemic inefficiencies in tax administration. A Chartered Accountant CA has brought attention to…
CBDT extends ITR filing deadline to September 2025, reiterating the earlier relief for FY 2024–25 assessments. The Central Board of Direct Taxes CBDT has again confirmed the…
RBI softens crypto stance; India may slash tax from 30% to 5%, signaling regulatory easing for virtual assets. Reports indicate a shift in the Reserve Bank of India's RBI approach…
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 reinstates RoDTEP benefits for AAS, SEZs, and EOUs, retroactively applying incentives to boost exports. The Directorate General of Foreign Trade has restored the Remission of…
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…
Central government mandates 3-year audit data for FCRA applicants, tightening scrutiny on foreign fund utilization by NGOs. This directive requires all entities seeking grants or…
DGFT restricts imports of low-value roller chains and parts, citing quality concerns under the "Make in India" initiative. The Directorate General of Foreign Trade has implemented…
ITAT upholds ₹1.5 lakh penalty on a jewelry firm for non-compliance with tax audit requirements, stressing mandatory adherence to reporting norms. The Income Tax Appellate…
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…
Delhi HC quashes income tax notice under Section 153C, holding that a pen drive cannot be incriminating material without corroborative evidence. The High Court emphasized that the…
CESTAT exempts student recruitment services for foreign universities from service tax, ruling such activities as non-taxable under export service provisions. The tribunal…
The Income Tax Appellate Tribunal ITAT has voided an ex parte order passed by the CIT A due to invalid notice service. The tribunal upheld the principle of procedural fairness,…
The Income Tax Appellate Tribunal ITAT has overturned a CIT A order because notices were wrongly emailed to the assessee despite their explicit opt-out preference. The decision…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has quashed an excise demand, declaring certain CENVAT credit restrictions to be unconstitutional. This ruling is…
The Income Tax Appellate Tribunal ITAT has overturned a CIT A order because notices were wrongly emailed to the assessee despite their explicit opt-out preference. The decision…
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