The Securities and Exchange Board of India SEBI , the capital markets regulator, has announced an extension of the compliance timelines for certain disclosure requirements related…
19/05/20251 min read
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The Securities and Exchange Board of India SEBI , the capital markets regulator, has announced an extension of the compliance timelines for certain disclosure requirements related…
The Madras High Court has issued a clear directive to the Income Tax Officer ITO , ordering the processing of a long-pending income tax refund amounting to ₹3 lakh for the…
The CESTAT has directed a recomputation of CENVAT credit demand imposed on a taxpayer, emphasizing the crucial requirement of maintaining separate records for goods that are…
The Directorate General of Foreign Trade DGFT has issued amendments to the input-output norms specified under the Standard Input Output Norms SION A-1303. These revised norms…
The National Company Law Appellate Tribunal NCLAT has upheld an order issued by the National Company Law Tribunal NCLT that had recalled and decided to re-adjudicate a case. The…
The Delhi High Court has provided relief to the technology giant Microsoft by reinstating its customs appeals. This action follows a crucial ruling by the Supreme Court that…
A Patiala House Court has granted bail to an individual who was accused in a significant fake Goods and Services Tax GST Input Tax Credit ITC fraud case involving a substantial…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that a university is entitled to claim the Small Scale Industry SSI exemption on the services of renting…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has granted an exemption from service tax on affiliation fees collected by universities from affiliated colleges or…
The Patna High Court has annulled a service tax demand and the associated penalty that were imposed on a taxpayer due to an unexplained delay of two years in the initiation and…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that even if an importer admits to the undervaluation of imported goods, the Customs authorities are not…
The Allahabad High Court has dismissed a petition related to Input Tax Credit ITC claimed by a taxpayer from a non-existent firm. The court ruled that claiming ITC in such a…
The Income Tax Appellate Tribunal ITAT has upheld the disallowance of cash payments exceeding ₹10,000 made to landlords and students, citing the provisions of Section 40A 3 of the…
Apollo Global Management, a major global investment firm, is reportedly in advanced stages of discussions to make a substantial investment of $750 million in the bonds issued by…
The Enforcement Directorate ED , India's financial crime investigation agency, has registered a case under the Prevention of Money Laundering Act PMLA in connection with a…
A recent surge in the stock market has led to a substantial increase in the valuation of the majority of India's top 10 listed companies. Collectively, these leading firms saw…
Micro, Small, and Medium Enterprises MSMEs in India have shown significant interest in the government's scheme aimed at boosting electronic component manufacturing within the…
The National Company Law Tribunal NCLT has issued a formal notice to Gensol Engineering Limited in response to an insolvency petition that was filed by the Indian Renewable Energy…
The Delhi government has announced a significant initiative aimed at improving the welfare of gig workers in the city by establishing a dedicated welfare board for this growing…
Tonbo Imaging, a company operating in the defense technology sector with a focus on advanced imaging solutions, has announced its plans to file its Draft Red Herring Prospectus…
Pronto, an on-demand platform that specializes in providing a range of home services, has successfully raised $2 million in funding. The company offers quick and efficient…
The Department for Promotion of Industry and Internal Trade DPIIT has announced a collaborative partnership with the Global Energy Alliance for People and Planet GEAPP . This…
Fyn Mobility, an electric vehicle EV focused logistics startup, has successfully secured $2.5 million in funding. The company intends to utilize these funds to significantly…
Foxconn, a major electronics manufacturing company and a key supplier for Apple, is reportedly on the verge of commencing iPhone shipments from its newly established manufacturing…
Swiggy, a prominent food delivery platform in India, is currently piloting a new student rewards initiative across 200 cities in the country. This program is specifically designed…
Startups in the health technology sector that are specifically focused on cancer-related solutions have witnessed a substantial surge in funding over the past 12 months,…
A court in Singapore has made a notable decision by setting aside an arbitral award that was issued by a panel of retired Indian judges. The primary reason for the annulment of…
The Delhi High Court has granted an injunction restraining the unauthorized use of the intellectual property associated with the iconic Bollywood film "Andaz Apna Apna." The…
The National Company Law Appellate Tribunal NCLAT has clarified that an individual member of a consortium of lenders retains the right to file an insolvency petition under the…
The National Company Law Appellate Tribunal NCLAT has made a significant ruling recognizing state tax authorities as secured creditors under the Insolvency and Bankruptcy Code IBC…
The Bombay High Court has emphasized the importance of promptness in seeking interim relief under Section 9 of the Arbitration and Conciliation Act. The court observed that any…
The Delhi High Court has ruled against a party claiming damages for lost profits allegedly suffered due to delays in payment, stating that such claims must be substantiated by…
The Jammu & Kashmir High Court has reiterated a fundamental principle of adjudication, emphasizing that the findings of fact in both civil and criminal cases must be based on…
The Delhi High Court has clarified a crucial aspect of the Arbitration and Conciliation Act ACA , stating that any waiver of the grounds for challenging the appointment of an…
The Punjab & Haryana High Court has granted bail to an accused individual in a case related to a bogus Income Tax IT refund scam. In its order, the court made a noteworthy…
The Madras High Court has set aside a Goods and Services Tax GST order due to a significant procedural lapse by the tax department. The court found that the department had failed…
A concerning situation involving a 78-year-old senior citizen who had been waiting for over two years for the processing of their Income Tax Return ITR prompted a response from…
The Madras High Court has taken a compassionate view in a case involving a widow seeking the income tax refund of her deceased husband's salary. The court has directed the Income…
The Madras High Court has provided relief to taxpayers by ruling that the payment of a 20% pre-deposit amount at the time of filing an appeal against an income tax assessment…
The Madras High Court has upheld the validity of an income tax notice that was issued to an individual for the non-filing of their Income Tax Returns ITRs , even though the…
The Income Tax Appellate Tribunal ITAT has ruled in favor of a taxpayer by deleting additions that were previously made by the tax department to the taxpayer's income. These…
Responding to significant concerns raised by taxpayers, the Goods and Services Tax Network GSTN has decided to defer the implementation of making certain fields in Table 3.2 of…
The Central Goods and Services Tax CGST Delhi South Commissionerate has been awarded the prestigious BIS IS 15700:2018 certification. This certification recognizes the…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has issued a ruling stating that an Excel sheet retrieved from a pen drive cannot be admitted as valid evidence in…
The Patna High Court has clarified the tax implications in real estate transactions by holding that a development agreement essentially grants construction rights to the developer…
The Madras High Court has upheld the decision to transfer an income tax case to Kochi, citing the significant seizure of ₹50 lakh and the prevailing jurisdictional guidelines that…
The Delhi High Court has quashed a Goods and Services Tax GST order, citing a critical issue with the delivery of the Show Cause Notice SCN . The court found that the SCN was not…
The Madras High Court has ruled against the Revenue Department, declaring a Goods and Services Tax GST demand as invalid. The court's decision was based on the finding that the…
The Delhi High Court has ruled that the requirement for pre-consultation before issuing a Show Cause Notice SCN is not mandatory in cases where the taxpayer has failed to file…
The Supreme Court of India has taken a proactive step towards easing the compliance burden on taxpayers by directing the Central Board of Indirect Taxes and Customs CBIC to…
The Securities and Exchange Board of India SEBI , the capital markets regulator, has announced an extension of the compliance timelines for certain disclosure requirements related…
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