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The Reserve Bank of India RBI has notified a Line of Credit LOC extended by the Export-Import Bank of India EXIM Bank to the government of Mongolia. This LOC is specifically…
The Delhi High Court has delivered a significant judgment clarifying the commencement of the limitation period under tax laws. The court held that the statutory period within…
The National Company Law Appellate Tribunal NCLAT has dismissed an appeal that challenged an auction conducted under the Insolvency and Bankruptcy Code IBC . The tribunal rejected…
The Andhra Pradesh High Court has provided clarity on the definition of a 'motor vehicle' under Section 228 of the Motor Vehicles Act. The court ruled that an excavator, which is…
The Delhi High Court has upheld the decision made by the government to revoke the security clearance granted to Celebi Aviation Holding India Private Limited. In its ruling, the…
The Delhi High Court has issued a directive mandating that all Over-The-Top OTT media service platforms operating in India must fully comply with the accessibility standards that…
The Rajasthan High Court has delivered a significant ruling protecting the rights of daily wage workers. The court stated that a compensation claim filed by such a worker cannot…
The Supreme Court of India has acquitted a death row convict in a case involving the rape and murder of a 3-year-old child. The apex court overturned the capital punishment…
The National Company Law Appellate Tribunal NCLAT has issued a significant ruling clarifying that the dues related to employee gratuity, along with any applicable interest on such…
The National Company Law Appellate Tribunal NCLAT has upheld the inherent powers of the National Company Law Tribunal NCLT to forward its orders to various statutory authorities.…
The National Company Law Appellate Tribunal NCLAT has affirmed the authority of the Interim Resolution Professional IRP appointed under the Insolvency and Bankruptcy Code IBC to…
The Supreme Court of India has clarified the arbitrability of trademark disputes that arise from license agreements. The apex court ruled that such conflicts can indeed be…
The Madhya Pradesh High Court has set out guidelines regarding the reopening of concluded arbitration proceedings through a review petition. The court ruled that such a review is…
The Income Tax Appellate Tribunal ITAT has granted partial relief to the telecommunications company Motorola by treating its expenses on software maintenance as revenue…
The Madras High Court has shown a lenient approach by allowing a delayed appeal in a GST case, subject to the assessee making an additional pre-deposit of 5% over and above the…
The Karnataka High Court has granted a stay on the recovery of ₹9.5 crore in Goods and Services Tax GST from the retail chain Nexus Shantiniketan. While providing this interim…
The Income Tax Appellate Tribunal ITAT has directed a fresh assessment of Tech Mahindra's tax liability in the long-standing Satyam scam case. This order comes in the wake of a…
The Ministry of Finance has issued amendments to the regulations governing stockbrokers, clarifying the circumstances under which a stockbroker's own investments would be…
The Supreme Court has upheld a ruling by the Gujarat High Court, affirming that taxpayers are indeed permitted to use the funds available in their electronic credit ledger for…
The Madras High Court has granted partial relief to a senior citizen by allowing them to withdraw ₹1 lakh per month from their pension account, which had been attached by the tax…
The Madras High Court has provided a taxpayer with a two-week extension to file their reply in a GST case, acknowledging the assessee's confusion regarding which of the multiple…
The Madras High Court has granted a Goods and Services Tax GST consultant the opportunity to contest a GST demand by paying 25% of the pre-deposit amount required for filing an…
The National Company Law Appellate Tribunal NCLAT has dismissed an appeal that challenged an auction conducted under the Insolvency and Bankruptcy Code IBC . The tribunal rejected…
Oxyzo, a fintech platform specializing in digital lending solutions for small and medium-sized enterprises SMEs , has successfully raised ₹533 crore in debt financing from a…
The Delhi High Court has upheld the bail granted to an accused individual in a gold smuggling case and has refused to cancel it. The court's decision was based on the observation…
The Income Tax Appellate Tribunal ITAT has invalidated the reopening of income tax reassessment proceedings that were initiated against a deceased Chief Financial Officer CFO .…
The Income Tax Appellate Tribunal ITAT has shown leniency by condoning a significant delay of 350 days in the filing of an appeal related to uncollected Tax Collected at Source…
The Delhi High Court has granted a reprieve to a United Arab Emirates UAE resident whose three iPhones were seized by customs authorities. The court ordered the release of the…
The Delhi High Court has issued a directive to the Assessing Authority AA to rectify an order concerning differential duty demand on tempered glass. The court noted that during…
The Calcutta High Court has voided an order issued by the Authority for Advance Rulings AAR that had invoked an extended limitation period for tax proceedings. The court found…
The Madras High Court has validated the transfer of an income tax case from one jurisdiction to another under Section 127 of the Income Tax Act. The court's decision was based on…
The Reserve Bank of India RBI has notified a Line of Credit LOC extended by the Export-Import Bank of India EXIM Bank to the government of Mongolia. This LOC is specifically…
The Securities and Exchange Board of India SEBI has announced revisions to the norms governing Electronic Book Provider EBP platforms. These platforms play a crucial role in the…
The Kerala High Court has issued an order restraining the Registrar of Companies ROC from initiating any criminal complaint against a company while the company's appeal against…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has upheld the practice of including freight and insurance costs in the assessable value of goods for sales that are…
The National Company Law Tribunal NCLT has rejected an insolvency petition that was filed against Schneider Electric, a multinational corporation, by an operational creditor. The…
The Securities and Exchange Board of India SEBI , the regulatory body for India's capital markets, has taken steps to simplify certain processes and provide greater clarity on the…
The Calcutta High Court has delivered a judgment allowing businesses to claim CENVAT credit on the amount of duty paid under the Sugar Cess Act. The court reasoned that the sugar…
The Calcutta High Court has issued a ruling that prohibits tax authorities from recovering outstanding Goods and Services Tax GST dues by directly debiting the taxpayer's GST…
The National Company Law Tribunal NCLT has made a significant ruling clarifying the impact of a Debt Recovery Tribunal DRT order on the existence of financial debt under the…
The Delhi High Court has quashed an income tax notice that demanded taxes on overseas management fees, ruling that the notice was issued in violation of the procedural mandates…
The Delhi High Court has delivered a significant judgment clarifying the commencement of the limitation period under tax laws. The court held that the statutory period within…
The Madras High Court has provided relief to an assessee who faced difficulties in responding to income tax notices within the stipulated time frame due to the hospitalization of…
The Directorate General of Foreign Trade DGFT has issued a notification announcing amendments to the Standard Input-Output Norms SION under code A-1303. These norms specify the…
The Directorate General of Foreign Trade DGFT has introduced restrictions on the import of several categories of goods, specifically readymade garments RMG , wooden furniture, and…
The Central Board of Indirect Taxes and Customs CBIC commemorated the eighth anniversary of the Goods and Services Tax GST implementation with a series of engaging initiatives.…
Shares of Delhivery, a prominent logistics firm in India, experienced a significant surge of 15% in their value following the announcement of strong financial results for the…
Growx Ventures, a venture capital firm, has realized substantial returns on its early investment in Pixxel, a space-technology startup. The firm reportedly earned 17 times its…
Rippling, a US-based human resources technology firm, has announced ambitious plans to significantly expand its operations in India, aiming to hire an additional 2,000 employees…
Euler Motors, a startup focused on the development and manufacturing of commercial electric vehicles, has successfully raised ₹638 crore in its Series D funding round. The company…
The Reserve Bank of India RBI has notified a Line of Credit LOC extended by the Export-Import Bank of India EXIM Bank to the government of Mongolia. This LOC is specifically…
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