Casio's Income Tax Appeal Disposal Delayed, Recovered Despite Pendency; Delhi HC Directs Expeditious Disposal The Delhi High Court has expressed concern over the delayed disposal…
22/05/20251 min read
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Casio's Income Tax Appeal Disposal Delayed, Recovered Despite Pendency; Delhi HC Directs Expeditious Disposal The Delhi High Court has expressed concern over the delayed disposal…
Excise Duty Not Leviable on Imported Edible Lactose Cleared Without Manufacture: CESTAT Sets Aside Duty Demand The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has…
Appellate Tribunal Yet to Be Constituted; Calcutta HC Remits Ex-Parte GST Order Back to Appellate Authority The Calcutta High Court has remitted an ex-parte GST order back to the…
IBBI Introduces Regulation on Non-Submission of Repayment Plan by Personal Guarantors The Insolvency and Bankruptcy Board of India IBBI has introduced a new regulation addressing…
IBBI Updates CIRP Regulations: New Form and Fees for RP Form Filings Under Rule 40B The Insolvency and Bankruptcy Board of India IBBI has updated its Corporate Insolvency…
Interim Resolution Professional Can Take Possession of Assets Owned by Corporate Debtor: NCLAT The National Company Law Appellate Tribunal NCLAT has clarified that an Interim…
No Justification for Withholding Income Tax Refund, Madras HC Directs Payout with Interest to Taxpayer The Madras High Court has ruled against the tax department's arbitrary…
Limitation Starts from Date of Seizure, Not Search: Madras High Court Upholds S. 153C Income Tax Notice as Valid The Madras High Court has ruled that the limitation period for…
Failure to Pay Admitted Income Tax Amount Due to Financial Crisis; Madras HC Directs Installment Payments The Madras High Court has directed the Income Tax Department to allow…
Calcutta HC Grants Relief to GST Petitioners Despite Non-Response to SCN, Allows to File Appeal The Calcutta High Court has granted relief to GST petitioners, allowing them to…
Income Tax Appeal Delay Due to Lottery Business Closure and Counsel's Death During COVID-19; Madras HC Condones 544 Days The Madras High Court has condoned a significant delay of…
Gas Cylinder Distributor Not Received Income Tax Notice Due to Change of Email ID; Madras HC Waives 15% of Disputed Tax Amount for Fresh Consideration The Madras High Court has…
Supreme Court Dismisses Safari Retreats Case Review Plea by GST Dept The Supreme Court has dismissed a review petition filed by the GST Department in the Safari Retreats case.…
CESTAT Quashes Excise Duty Demand, Rules Job Work Valuation Must Exclude Principal's Consumption The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has quashed an…
CESTAT Abates Customs Appeals as Sole Appellant Dies, Invokes 'No Taxation of the Dead' Principle The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has abated customs…
Setback to Schlumberger: CESTAT Disallows CENVAT Credit of Education and SHE Cess as Refund Not Permissible Post-GST Schlumberger has faced a setback as the Customs, Excise, and…
Mechanical and Cryptic: Bombay HC Quashes NBW Against Actor Arjun Rampal in Tax Evasion Case The Bombay High Court has quashed a non-bailable warrant NBW issued against actor…
CBIC Notifies Appointment of Common Adjudication Authority for De Novo Adjudication in Respect of 100 EOUs Under Customs The Central Board of Indirect Taxes and Customs CBIC has…
Non-Payment of Advance Tax Makes S. 249 4 b of Income Tax Act Inapplicable: ITAT The Income Tax Appellate Tribunal ITAT has ruled that Section 249 4 b of the Income Tax Act, which…
ITAT Deletes Disallowance: Payments Were Related to Capital Assets, Not Revenue Expenses The Income Tax Appellate Tribunal ITAT has deleted a disallowance made by the tax…
CESTAT Allows Appeal Restoration on 20% Pre-Deposit in Customs Duty Case Involving Identical Imported Machine The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has…
Madras HC Slams Mechanical GST Notice Process, Orders Fresh Hearing for Lorry Service Firm The Madras High Court strongly criticized the "mechanical" process of issuing GST…
SARFAESI Act Prevails Over Tax Claims: Madras HC Directs Registration of Property Sale Certificate The Madras High Court has reiterated that the Securitisation and Reconstruction…
GST Authority Cannot Allege Discrepancy After Goods Verified in MOV-04: Allahabad HC The Allahabad High Court has ruled that GST authorities cannot later allege discrepancies in…
No Retrospective Effect to S. 114AA of Customs Act, CESTAT Sets Aside Penalty The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that Section 114AA of the…
CBIC Issues New Adjudication Framework for EOUs Involving Customs and Excise Duty Demands The Central Board of Indirect Taxes and Customs CBIC has released a new adjudication…
Aequs Ramps Up IPO Preparations, Converts Into Public Company Aequs, a diversified manufacturing and engineering company, is intensifying its preparations for an Initial Public…
Airtel Payments Bank's Profit Jumps 83% to INR 63 Cr in FY25 Airtel Payments Bank has reported a significant jump in profit, with an 83% increase to ₹63 crore in the fiscal year…
360 ONE Asset Launches INR 500 Cr VC Fund to Back Early-Stage Startups 360 ONE Asset, an investment management firm, has announced the launch of a ₹500 crore Venture Capital VC…
Zeno Health Rolls Out Platform to Support Early-Stage Healthcare Startups Zeno Health has launched a new platform designed to provide support and resources for early-stage…
Exclusive: Avanse Strengthens Board Ahead of IPO, Appoints New Independent Director Avanse Financial Services, an education-focused Non-Banking Financial Company NBFC , has…
TBO Tek Posts ₹446 Cr Revenue and ₹59 Cr PAT in Q4 FY25 TBO Tek, a leading B2B travel technology platform, reported a revenue of ₹446 crore and a Profit After Tax PAT of ₹59 crore…
Mamaearth Parent Honasa Posts ₹533 Cr Revenue in Q4 FY25; Profit Falls 17% Honasa Consumer, the parent company of the popular D2C brand Mamaearth, reported a revenue of ₹533 crore…
Krafton Leads ₹29 Cr Round in Shuru at ₹135 Cr Valuation Krafton, the South Korean gaming giant, has led a ₹29 crore funding round in Shuru, an Indian startup, valuing Shuru at…
Morality & Patentability: Calcutta High Court Clarifies Scope of Patents Act The Calcutta High Court has provided a significant clarification on the intersection of morality and…
Kerala High Court Refuses to Quash Cheating Case Against Manjummel Boys Producers The Kerala High Court has refused to quash a cheating case filed against the producers of the…
Delhi Court Orders CBI to List All Written Communications in Delhi Excise Policy Case A Delhi court has directed the Central Bureau of Investigation CBI to furnish a list of all…
Kerala High Court Bars Use of Police Stations for Child Custody Exchange in Family Disputes The Kerala High Court has issued a directive prohibiting the use of police stations as…
Bar Associations Fall Under Ambit of RTI Act: Kerala State Information Commission The Kerala State Information Commission has ruled that Bar Associations fall within the ambit of…
Only Resolution Professional Empowered to File Application for Avoidance of Preferential Transactions U/S 43 of IBC: NCLAT The National Company Law Appellate Tribunal NCLAT has…
Adjudicating Authority Not Justified in Rejecting Plan Based on Valuation Report When No Objections to Valuation Were Raised by Any Stakeholders: NCLAT The National Company Law…
Execution of Fresh Personal Guarantee Post-Restructuring Bars Initiation of Insolvency Process U/S 95 of IBC Against Personal Guarantor: NCLAT The National Company Law Appellate…
Supreme Court Upholds Kerala's Luxury Tax on Cable TV as Constitutionally Valid The Supreme Court has upheld the constitutional validity of Kerala's luxury tax imposed on cable TV…
Income Tax Act: Supreme Court Clarifies Restriction Under S. 80-IA 9 on Claiming Cumulative Deductions Under S. 80-IA & 80-HHC The Supreme Court has provided a crucial…
Consumer Commission Holds Insurance Company Liable for Denying Claim Due to Non-Issuance of Policy After Accepting Premium A Consumer Commission has held an insurance company…
Ola Electric Board Approves ₹1,700 Cr Funding Plan via Debt Instruments The board of Ola Electric has approved a plan to raise ₹1,700 crore through debt instruments. This…
AgustaWestland Scam: Delhi High Court Modifies Christian Michel's Bail Conditions in ED Case The Delhi High Court has modified the bail conditions for Christian Michel, an alleged…
Punjab & Haryana High Court Grants ₹15 Lakh Compensation to Mother of Man Killed by Police Officials Allegedly in Self-Defence The Punjab & Haryana High Court has granted ₹15 lakh…
Delhi High Court: Celebi Security Clearance Revoked by Turkey - Company Judicial Review - National Security The Delhi High Court is hearing a petition by Celebi, seeking judicial…
Delhi HC: Failure by Opposite Party to Reply to Section 21 ACA Notice Does Not Imply Consent or Acquiescence to Appointment of Named Arbitrator; Only Recourse is by Appointment by…
Casio's Income Tax Appeal Disposal Delayed, Recovered Despite Pendency; Delhi HC Directs Expeditious Disposal The Delhi High Court has expressed concern over the delayed disposal…
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