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…
13/05/20251 min read
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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…
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 Income Tax Appellate Tribunal ITAT demonstrated a compassionate approach by sending back for reconsideration the appeal of a fruit seller who was facing a substantial ₹78 lakh…
The Income Tax Appellate Tribunal ITAT ruled that the mere failure of company directors to appear during assessment proceedings does not automatically justify additions to the…
The Income Tax Appellate Tribunal ITAT eliminated a transfer pricing adjustment made under Section 92BA of the Income Tax Act in a case where the assessee had not claimed any…
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 Jharkhand High Court delivered a significant judgment, ruling that outstanding Goods and Services Tax GST liabilities of a deceased individual cannot be recovered from their…
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…
The Andhra Pradesh High Court issued an order permitting an individual suspected of Goods and Services Tax GST evasion to be questioned by authorities in the presence of their…
The Jharkhand High Court invalidated a Goods and Services Tax GST Demand-cum-Recovery Certificate DRC-01 notice because it did not have a proper digital signature. 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 Customs, Excise, and Service Tax Appellate Tribunal CESTAT upheld a demand for ₹3.44 crore in service tax levied on a company for its promotional marketing activities. 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 United Arab Emirates UAE has provided specific guidelines regarding the application of its new corporate tax law to investors in Real Estate Investment Trusts REITs .…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT approved a refund of Special Additional Duty SAD based on TR6 challans that were presented as evidence of duty…
CESTAT clarified that charges for club building, when included within construction contracts, are an integral part of a bundled service and should not be taxed separately. The…
CESTAT ruled in favor of allowing CENVAT credit on various business support services, including rent-a-cab, housekeeping, and promotional activities, stating that these services…
The Supreme Court upheld the constitutional validity of Section 5A of the Kerala GST Act and Section 7A of the Tamil Nadu GST Act, dismissing challenges to these state-specific…
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 Bombay High Court ruled in favor of Technova Imaging Systems, allowing their depreciation claim even without prior approval under Section 32 of the Income Tax Act. The court…
The Chhattisgarh High Court issued an interim order barring prima facie disallowances of Employees' State Insurance ESI and Provident Fund PF contributions under Section 143 1 a…
The Karnataka High Court ruled that lower courts should not examine the merits of a partnership firm's dissolution when an arbitration agreement exists between the partners. The…
The Delhi High Court ruled against allowing objections under Section 47 of the Code of Civil Procedure CPC to impede the execution of an arbitration award under Section 36 of the…
The Income Tax Appellate Tribunal ITAT adopted a practical approach by excusing a 38-day delay in the filing of an appeal. The delay was attributed to the assessee's chartered…
The National Consumer Disputes Redressal Commission NCDRC held that unexplained delays in providing essential insurance policy documents to consumers constitute a deficiency in…
The Delhi High Court imposed a substantial cost of ₹1 lakh on petitioners who filed GST writ petitions involving the misuse of Input Tax Credit ITC , strongly condemning attempts…
The National Consumer Disputes Redressal Commission NCDRC held GNRC Hospitals liable for medical negligence that resulted in significant disability to a patient, awarding ₹20 lakh…
AvaMMune, a healthtech startup focused on immunology, has successfully secured $12 million in Series A funding from Capital 2B. The company intends to utilize these funds to…
Data from April 2025 reveals that PhonePe, owned by Walmart, and Google Pay GPay continue to be the leading players in terms of transaction volume on the Unified Payments…
Anmol Jaggi and Puneet Jaggi, who held director positions at Gensol Engineering, a firm operating in the renewable energy sector, have resigned from their roles. This development…
BillDesk, a prominent payments processor in India, experienced a drop in its profit after tax PAT to ₹121 crore in the fiscal year 2024. This decline in profitability occurred…
M1xchange, a trade finance platform backed by Amazon, has successfully raised $10 million in funding from Filter Capital. This capital infusion is intended to fuel the expansion…
The Rajasthan High Court has strongly condemned a husband for filing what it deemed a frivolous and malicious complaint of research plagiarism against his wife, who is an…
The Delhi bench of the National Company Law Tribunal NCLT has dismissed an insolvency application that was filed against a corporate debtor after it was discovered that the…
The Delhi bench of the National Company Law Tribunal NCLT has issued a ruling that prevents arbitrary adjustments of payments made against specific invoices to be set off against…
The Calcutta High Court has placed a limitation on the applicability of the Delhi High Court's precedent in the "NR Portfolio" case, specifically holding that it should not be…
Ather Energy, an electric scooter manufacturer, has reported a 17% reduction in its losses during the fourth quarter of the fiscal year 2025. Simultaneously, the company achieved…
The Patna High Court has broadened the scope of maintenance rights under Section 125 of the Criminal Procedure Code CrPC to include situations where spouses are living separately…
In a notable ruling, the Calcutta High Court has permitted a writ petition to be filed against a third party to a contract, even though the contract itself contained an…
The Madras High Court has upheld the validity of a circular issued by the Insolvency and Bankruptcy Board of India IBBI that grants financial creditors the right to propose or…
The Gujarat High Court has delivered a significant judgment stating that penalty proceedings initiated under Section 270A of the Income Tax Act cannot be sustained once a…
The Karnataka High Court has provided important clarification regarding the interpretation and application of Section 17A of the Prevention of Corruption Act PC Act , which…
The Delhi High Court has granted bail to a foreign national who was accused in a case under the Narcotic Drugs and Psychotropic Substances NDPS Act, despite the fact that the…
The Bombay High Court has upheld a substantial compensation award of ₹62 lakh in favor of a deceased employee of Red Chillies Entertainment, the production company owned by Shah…
The Bombay High Court has provided a clarification on the legal framework governing the amalgamation merger of charitable trusts under Section 50 of the Bombay Public Trusts Act.…
The Delhi High Court has raised serious concerns regarding the significant backlog of cases plaguing the judicial system, attributing a major part of this issue to the persistent…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has overturned excise duty demands that were based on allegations of clandestine removal of goods unrecorded…
In a move aimed at attracting more foreign investment into India's debt markets, the Reserve Bank of India RBI has significantly eased the regulations governing foreign portfolio…
The Reserve Bank of India RBI has introduced a comprehensive set of regulations known as the Digital Lending Directions 2025. These new guidelines are designed to govern the…
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…
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