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An analysis of the ongoing Free Trade Agreement FTA negotiations between India and the United Kingdom highlights the likely areas of tariff reduction and potential exclusions.…
The Securities and Exchange Board of India SEBI , the regulatory authority for India's capital markets, has taken strict action against Varyaa Creations and its directors,…
Moody's Investors Service, a globally recognized credit rating agency, has issued a statement indicating that SMBC Group's recent acquisition of a 15% stake in YES Bank, a private…
The Supreme Court has expressed strong criticism regarding poorly drafted arbitration clauses that frequently lead to unnecessary and protracted litigation. The apex court urged…
The Supreme Court of India has delivered a crucial judgment affirming that arbitration under the Micro, Small and Medium Enterprises Development MSMED Act, 2006, is statutory and…
The Delhi bench of the National Company Law Tribunal NCLT has ruled that an order passed by the Debt Recovery Tribunal DRT setting aside the classification of a borrower's account…
The Chennai bench of the National Company Law Tribunal NCLT has issued an important ruling clarifying the status of the Income Tax Department in liquidation proceedings under the…
The Calcutta High Court has dismissed legal challenges that were filed against the decision to relocate the Kolkata bench of the National Company Law Tribunal NCLT to a new…
Punjab National Bank PNB , a major public sector bank in India, has outlined its strategic target of increasing the proportion of its Retail, Agriculture, and Micro, Small, and…
IIFL's venture capital fund, which specifically focuses on investments in the fintech sector, has achieved remarkable returns exceeding 100% through its successful exit from…
DroneAcharya, a technology firm specializing in drone solutions and services, has announced a temporary pause in its planned merger with AITMC, a company focused on artificial…
The Calcutta High Court has delivered a judgment allowing sugar manufacturers to claim CENVAT credit on the cess that they have paid under the Sugar Cess Act. This ruling provides…
The Income Tax Appellate Tribunal ITAT has ruled in favor of allowing deductions for penalties that were contractually deducted by government authorities from payments made to…
The Securities and Exchange Board of India SEBI has expanded the eligibility criteria for individuals to serve as internal auditors within credit rating agencies CRAs . This move…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has allowed Hindustan Zinc Limited to claim CENVAT credit on the structural steel that was utilized in the…
The Securities and Exchange Board of India SEBI , the capital markets regulator, has introduced significant revisions to the charter governing the operations of share transfer…
The Delhi High Court has delivered a significant judgment overturning an arbitration tribunal's previous ruling that had granted Zostel Hospitality Private Limited a 7% stake in…
ixigo, an online travel aggregator platform, has reported a significant jump in its profitability, with a 24-fold increase in profit in the fourth quarter of the fiscal year 2025.…
Karan Bajaj, the founder of the online learning platform WhiteHat Jr, which was previously acquired by Byju's, has successfully raised $16 million in funding for his new venture,…
The Income Tax Appellate Tribunal ITAT has directed the Commissioner of Income Tax Appeals CIT A to reconsider additional evidence submitted by an assessee pertaining to transport…
In a case involving Genpact India Private Limited, the Delhi High Court provided important clarification on the distinction between capital expenditure and revenue expenditure for…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has issued a ruling stating that penalties imposed on co-noticees in tax disputes become void if the principal…
The Delhi High Court has set aside an order that denied a taxpayer credit for Tax Deducted at Source TDS solely due to mismatches in the Goods and Services Tax Identification…
In an extraordinary display of judicial consideration, the Delhi High Court condoned an exceptionally long delay of 1,610 days in filing a customs appeal. The court took into…
Haryana's Real Estate Regulatory Authority RERA has taken a firm stance in protecting the rights of homebuyers by directing Ocean Seven Buildtech, a real estate developer, to pay…
The Delhi High Court has clarified the limited scope of judicial intervention in matters concerning the appointment of arbitrators under Section 11 of the Arbitration and…
The Karnataka High Court delivered a significant judgment, appointing a wife as the legal guardian of her husband who is in a comatose state. This empowers her to make crucial…
The Delhi High Court has delivered a significant judgment protecting taxpayers from potential double jeopardy by ruling that Goods and Services Tax GST registration cannot be…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has dismissed charges of customs duty evasion that were solely based on minor variations in the gold content of dore…
The Ministry of Finance has granted a special exemption to Indian Bank, allowing it to exceed the prescribed shareholding limits in ASREC India Limited, an asset reconstruction…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has directed the customs authorities to pay interest under Section 11BB of the Central Excise Act CEA to Hindustan…
The Delhi High Court has granted an order for the provisional release of a consignment of roasted areca nuts that were intended for industrial use. This interim relief was…
The Delhi High Court has upheld the stringent bail conditions typically imposed under the Maharashtra Control of Organized Crime Act MCOCA while simultaneously emphasizing the…
The Supreme Court has upheld the inclusion of Coal India Limited's CIL product support services in the valuation of imported goods for the purpose of levying customs duty. The…
The Supreme Court of India has delivered a verdict classifying crude degummed soybean oil CDSO as eligible for exemption from customs duty under the relevant notifications issued…
An analysis of the ongoing Free Trade Agreement FTA negotiations between India and the United Kingdom highlights the likely areas of tariff reduction and potential exclusions.…
The Delhi High Court has issued a directive to the customs authorities, ordering them to promptly release a duty drawback amount of ₹12 lakh to an exporter. The court found the…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that cement which is cleared in packaged form and has a Retail Sale Price RSP printed on it qualifies for…
The Delhi High Court has upheld an order for the reversal of Input Tax Credit ITC under the Goods and Services Tax GST regime in a case where the assessee had failed to submit any…
The Madras High Court has adopted a lenient approach by allowing a belated response to be filed by an applicant whose E-Form NDH application had been previously rejected on…
Reiterating its consistent stance on the matter, the Income Tax Appellate Tribunal ITAT has once again quashed additions made to the income of assessees in unabated assessment…
The Gujarat High Court has referred a significant matter concerning the applicability of compensation cess on supplies made by merchant exporters to the Goods and Services Tax GST…
The Income Tax Appellate Tribunal ITAT has adopted a pragmatic and considerate approach by restoring a tax case back to the Commissioner of Income Tax Appeals CIT A after the…
The Bombay High Court has delivered a judgment nullifying an income tax notice that was issued under Section 148 of the Income Tax Act, finding that the issuance of the notice was…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled against imposing penalties under Section 114AA of the Customs Act on a customs broker for their alleged…
The Delhi High Court has issued a directive to an assessee, instructing them to promptly correct any inaccuracies in their registered address details as recorded on the Goods and…
The generation of Goods and Services Tax GST e-way bills in India reached an impressive figure of 11.93 crore in April 2025, marking the second-highest monthly record since its…
The Central Board of Direct Taxes CBDT has issued a significant ruling clarifying the tax treatment of bonds issued by the Indian Railway Finance Corporation IRFC . The CBDT has…
The Goods and Services Tax Network GSTN has issued comprehensive guidelines outlining the specific procedural requirements that taxpayers need to follow to withdraw their pending…
The Central Board of Direct Taxes CBDT has granted a significant income tax exemption to the Telangana State Pollution Control Board under Section 10 46 of the Income Tax Act.…
An analysis of the ongoing Free Trade Agreement FTA negotiations between India and the United Kingdom highlights the likely areas of tariff reduction and potential exclusions.…
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