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PE firm Multiples marks final close of $430M continuation fund, extending its investment focus on late-stage Indian startups. Multiples Alternative Asset Management has…
Kerala High Court: Motor Vehicles Act - LMV Licence Holder Drive Auto Rickshaw Retrospectively Applies SC Ruling The Kerala High Court has ruled that a person holding a Light…
Stable Money to Raise INR 173 Cr in Fresh Funding Round Stable Money, a fintech company, is set to raise ₹173 crore approximately $20 million in a fresh funding round. This…
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 Customs, Excise and Service Tax Appellate Tribunal CESTAT has overturned a CENVAT credit denial, affirming the eligibility of input services despite departmental objections.…
The Delhi High Court has permitted the rectification of DVAT returns to facilitate the issuance of F-forms for interstate goods transfers. This ruling aims to ease compliance for…
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 Delhi High Court has expanded the definition of "industrial buildings" for property tax purposes to include IT and software offices, moving beyond the traditional limitation…
Motor TP Premium Hike Crucial, Says New India Assurance CMD The Chairman and Managing Director CMD of New India Assurance has stated that a hike in Motor Third Party TP premium is…
Six-Member Board to Regulate Payment Systems: RBI Notification The Reserve Bank of India RBI has issued a notification outlining the formation of a six-member board dedicated to…
Trump Fires Another Salvo, Warns Apple of 25% Tariff on iPhones Made in India President Donald Trump has issued a new warning to Apple, threatening a 25% tariff on iPhones…
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 Customs, Excise and Service Tax Appellate Tribunal CESTAT has exempted equipment hire from service tax if the control of the equipment is not retained by the service provider.…
The Supreme Court has clarified the scope of vicarious liability under the Negotiable Instruments NI Act, ruling that specific details of a director's role need not be explicitly…
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 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…
Unnati Agri Crosses ₹500 Cr Revenue in FY24, Losses Widen Marginally Unnati Agri, an agri-tech startup, has reported crossing ₹500 crore in revenue for Fiscal Year 2024. However,…
36 Former Employees of India Ahead Move Delhi Court Over Unpaid Salaries Thirty-six former employees of "India Ahead" have moved a Delhi court seeking intervention over unpaid…
Himachal Pradesh High Court: HPPCL Engineer Vimal Negi Death Case - CBI, DGP, SIT Probe The Himachal Pradesh High Court has taken cognizance of the death case of HPPCL engineer…
The Supreme Court has ruled that retrospective Goods and Services Tax GST Input Tax Credit ITC refund notifications cannot bar applications filed after the notifications were…
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…
Liberty Granted by NCLAT to File Fresh Application Does Not Permit Appellant to Alter Date of Default Mentioned in First Application U/S 7 of IBC: NCLAT The National Company Law…
Kerala Finance Act: Kerala GST Payers Can Now Settle Kerala Flood Cess Arrears in Full Under the Kerala Finance Act, Goods and Services Tax GST payers in Kerala now have the…
Addition as Accommodation Entries: ITAT Holds Addition Unsustainable on Lack of Primary Proof The Income Tax Appellate Tribunal ITAT has held that an addition made by the tax…
The Central Board of Direct Taxes CBDT has extended the Income Tax Return ITR filing deadline for Assessment Year AY 2025-26 from July 31, 2025, to September 15, 2025. This…
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…
Flipkart’s orders grow 25% YoY, aiming to reach 30M monthly orders by June, per CEO Kalyan Krishnamurthy. Flipkart's CEO, Kalyan Krishnamurthy, announced that the e-commerce giant…
J&K HC rules PMLA proceedings valid even if predicate offense is discharged, declaring money laundering a standalone offense under Section 3. The Jammu & Kashmir High Court's…
Kerala High Court: Motor Vehicles Act - LMV Licence Holder Drive Auto Rickshaw Retrospectively Applies SC Ruling The Kerala High Court has ruled that a person holding a Light…
CPC Cannot Continue to Rectify and Re-Rectify Intimation U/S 143 1A of Income Tax Act Repeatedly: Delhi HC The Delhi High Court has ruled that the Centralized Processing Centre…
Mere Change in Route Not Enough to Invoke GST Sec 129: Calcutta HC The Calcutta High Court has ruled that a mere change in the route of goods transportation is not sufficient to…
Retrospective Cancellation of GST Registration: J&K HC Directs Dept to Restore GSTIN Subject to Application from Taxpayer The Jammu & Kashmir High Court has addressed the…
UPI Update: No Final Decision Yet on Introducing MDR Charges on High-Value Transactions A report indicates that there has been no final decision yet regarding the introduction of…
Motor TP Premium Hike Crucial, Says New India Assurance CMD The Chairman and Managing Director CMD of New India Assurance has stated that a hike in Motor Third Party TP premium is…
Haryana Gurgaon RERA Impact: Homebuyer to Get ₹65 Lakh Compensation for Delay of Over 9 Years in Possession of a Flat in Gurgaon The Haryana Real Estate Regulatory Authority RERA…
RBI to Pay Record Dividend of ₹2.69 Lakh Crore to Govt for FY25 The Reserve Bank of India RBI is set to pay a record dividend of ₹2.69 lakh crore to the government for the fiscal…
Farm-to-Consumer Startup Otipy Shuts Down; Employees, Customers Seek Clarity, Layoff Otipy, a farm-to-consumer F2C startup, has reportedly ceased its operations. This shutdown has…
CIT E Rejects Trust's Registration Regularisation Filed Under Incorrect Provision Due to Portal Issue Without SCN; ITAT Remands Case The Commissioner of Income Tax Exemptions CIT…
Error in One or Two Digit in GST Invoice or E-Way Bill Not Ground for Sec 129 Proceedings: Allahabad HC The Allahabad High Court has ruled that a mere error of one or two digits…
Supreme Court Upholds Constitutional Validity of Kerala Luxury Tax on Cable TV; Rules Against Asianet Satellite Communication Ltd. The Supreme Court has upheld the constitutional…
Six-Member Board to Regulate Payment Systems: RBI Notification The Reserve Bank of India RBI has issued a notification outlining the formation of a six-member board dedicated to…
Streaming Veteran Viniit Mehta Floats $10 Mn Fund to Back Media, Gaming Startups Viniit Mehta, a veteran in the streaming industry, has launched a $10 million fund dedicated to…
CCPA Notice to Uber Over Advance Tip for Faster Service The Central Consumer Protection Authority CCPA has issued a notice to Uber regarding its "advance tip for faster service"…
Stable Money to Raise INR 173 Cr in Fresh Funding Round Stable Money, a fintech company, is set to raise ₹173 crore approximately $20 million in a fresh funding round. This…
NPCI Brings in Additional Measures to Curb UPI Outage The National Payments Corporation of India NPCI has introduced additional measures aimed at curbing outages in the Unified…
Pan-India GST Drive Launched to Curb Evasion, Formalise Informal Economy: Sources Sources indicate that a pan-India Goods and Services Tax GST drive has been launched by…
Virohan to Secure Fresh Funds in Ongoing Pre-Series B Round Virohan, a healthcare skilling and education startup, is in the process of securing fresh funds in its ongoing…
PE firm Multiples marks final close of $430M continuation fund, extending its investment focus on late-stage Indian startups. Multiples Alternative Asset Management has…
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