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The Tamil Nadu Real Estate Regulatory Authority RERA directed the state housing board to execute the sale deed and hand over possession of properties to homebuyers who had…
The Securities and Exchange Board of India SEBI , the capital markets regulator in India, has taken steps to simplify the registration and compliance norms for Foreign Portfolio…
Zepto, a rapidly growing quick-commerce unicorn known for its ultrafast grocery delivery services, is reportedly nearing the completion of a substantial $350 million secondary…
The Madras High Court demonstrated judicial leniency by allowing a Goods and Services Tax GST appeal that was delayed by 110 days. The primary reason for the delay was the…
The Income Tax Appellate Tribunal ITAT has issued a ruling clarifying the interplay between domestic tax laws and Double Taxation Avoidance Agreements DTAAs . The tribunal held…
The Income Tax Appellate Tribunal ITAT has adopted a remarkably liberal approach in condoning a substantial delay of 884 days in the filing of appeals by a cooperative society.…
Various business associations and industry bodies have collectively urged the Finance Ministry to urgently address the escalating issues surrounding the blockage of Goods and…
The Securities and Exchange Board of India SEBI has announced a six-month extension to the compliance deadline for Alternative Investment Fund AIF managers to obtain the mandatory…
Private equity giant General Atlantic is set to divest a 7% stake in KFin Technologies, a prominent registrar and transfer agent, through a substantial block deal valued at…
Biryani Blues Secures Funding for Cloud Kitchen Expansion: Biryani Blues, a foodtech brand focused on regional biryani offerings, secured $5 million in funding from Yugadi…
Hyperbots Raises Significant Funding to Automate Finance/Accounting Operations with AI: Hyperbots, a Software-as-a-Service SaaS startup specializing in robotic process automation…
The Bombay High Court has upheld the retrospective withdrawal of tax benefits previously available to industrial parks under Section 80-IA of the Income Tax Act. The court…
Customs officials stationed at Calicut International Airport have successfully thwarted a significant drug smuggling attempt, seizing a substantial quantity of 8 kilograms of…
The Bombay High Court has upheld the order passed by the Income Tax Appellate Tribunal ITAT that had nullified a reassessment initiated by the tax authorities. The High Court…
The Central Board of Direct Taxes CBDT has officially notified all seven Income Tax Return ITR forms applicable for the Assessment Year 2025-26. The updated forms incorporate…
The Income Tax Appellate Tribunal ITAT has restored a case for reconsideration, citing improper service of notice under Section 148 of the Income Tax Act. The tribunal noted that…
PayU Secures Final Payment Aggregator License Ahead of IPO: Fintech giant PayU, backed by Naspers, has successfully secured the final payment aggregator license from regulatory…
Indian Startups Accepting Flat/Lower Valuations Amid Funding Crunch: A significant trend has emerged in the Indian startup ecosystem, with many startups now accepting flat or even…
Delhi High Court Hearing KFC's Trademark Infringement Suit Against Nashville Fried Chicken: The Delhi High Court is currently hearing a trademark infringement suit filed by the…
The Delhi High Court has placed limitations on the power of magistrates to order premature revaluation of goods seized by the Directorate of Revenue Intelligence DRI in smuggling…
After an eleven-year legal battle, the Supreme Court of India has delivered a significant ruling in the Schott India case, affirming that the practice of offering volume-based…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has emphasized the importance of properly verifying trademark ownership to determine eligibility for the small…
The Orissa High Court has held that a voluntary payment of penalty made by a taxpayer under Section 129 of the Goods and Services Tax GST Act effectively concludes the detention…
The Income Tax Appellate Tribunal ITAT has ruled against making additions to income in unabated assessment cases where no incriminating material was discovered during any search…
Gujarat High Court Imposes Heavy Costs on PIL Petitioner for Attempted Extortion: The Gujarat High Court imposed a substantial cost of ₹20 lakh on a petitioner who had filed a…
Himachal Pradesh High Court Rules Unnatural Sex with Wife Punishable Despite Marital Rape Exception: In a significant judgment concerning sexual offenses, the Himachal Pradesh…
Karnataka High Court Reviews COFEPOSA Detention of Actress in Gold Smuggling Case: The Karnataka High Court commenced hearing a plea filed by Kannada film actress Ranya Rao…
The Madras High Court has directed the Goods and Services Tax GST authorities to properly adjudicate rectification applications filed by taxpayers concerning alleged excess claims…
The Ministry of Corporate Affairs MCA has officially notified the Ind AS Amendment Rules 2025. These amendments introduce significant changes to the disclosure requirements for…
The Ministry of Corporate Affairs MCA , the regulatory body governing companies in India, has imposed a significant penalty of ₹5 lakh on a company for lapses in disclosing…
The Authority for Advance Ruling AAR has classified "Sada Tambaku," a traditional form of chewing tobacco mixed with lime, under the 28% Goods and Services Tax GST rate. The AAR…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has quashed allegations of clandestine removal of goods that lacked any supporting documentary evidence. The…
The Supreme Court upheld the convictions of non-public servants for abetting offenses under the Prevention of Corruption PC Act, thereby expanding the reach of corruption law to…
The National Consumer Disputes Redressal Commission NCDRC held that unexplained delays in providing essential insurance policy documents to consumers constitute a deficiency in…
CESTAT quashed penalties imposed on co-noticees in a tax dispute after the main noticee had already settled the matter under the Sabka Vishwas Legacy Dispute Resolution Scheme…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has allowed a service tax refund along with a 12% interest payment to an assessee who had paid the tax under a clear…
The Registrar of Companies RoC has imposed a penalty of ₹2 lakh on a company for its failure to disclose the Corporate Identity Number CIN in its board reports. This omission was…
The Income Tax Appellate Tribunal ITAT has firmly rejected the addition of income under Section 69A of the Income Tax Act that was solely based on uncorroborated WhatsApp images.…
The Madras High Court has quashed an ex-parte Goods and Services Tax GST order, citing ineffective communication through the official portal. The court emphasized that the…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has issued a crucial ruling mandating strict compliance with Section 9D of the Central Excise Act for the…
The Delhi High Court refused to grant bail to a railway officer who was implicated in a corruption case being investigated by the Central Bureau of Investigation CBI . The court…
The Delhi High Court, recognizing the conflicting judgments on the complex issue of whether service tax applies to Transferable Development Rights TDR , directed the tax…
The Delhi High Court took a strong stance against the misuse of the judicial system by imposing a penalty of ₹1 lakh on petitioners who filed writ petitions related to GST fraud…
Punjab's Goods and Services Tax GST authorities have successfully detected a massive and intricate bogus billing scam amounting to ₹1549 crore. The fraudulent operation involved a…
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…
Fintech platform Groww, a rapidly expanding investment and brokerage service, has successfully settled a case brought against it by the Securities and Exchange Board of India SEBI…
The Income Tax Appellate Tribunal ITAT determined that interest earned on fixed deposits FDs does not qualify as business income for a unit operating within a Special Economic…
The Income Tax Appellate Tribunal ITAT granted a ₹1.3 crore Long-Term Capital Gains LTCG exemption to a couple who had sold two properties and subsequently reinvested the proceeds…
The Madras High Court directed an assessee to utilize the available legal avenue by approaching the appellate authority to address their grievances against an order issued under…
A Thane-based businessman became a victim of a sophisticated ₹4.5 crore Goods and Services Tax GST scam that involved the use of fraudulent invoices and fabricated documents. The…
The Tamil Nadu Real Estate Regulatory Authority RERA directed the state housing board to execute the sale deed and hand over possession of properties to homebuyers who had…
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