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Madras High Court ruled the 60-day limitation period under Section 62 of GST Act is directory, allowing condonation of delay with interest/penalty payments. This flexible…
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…
The Madras High Court has taken a pragmatic approach by directing that a show cause notice issued to a taxpayer under the wrong section of the Goods and Services Tax GST Act…
The Income Tax Appellate Tribunal ITAT has provided relief to a taxpayer by deleting an addition made under Section 68 of the Income Tax Act, which deals with unexplained cash…
The Bombay High Court has established a detailed framework that the tax authorities must follow to determine whether payments made by Viacom18 for transponder services qualify as…
The Income Tax Appellate Tribunal ITAT has instructed the assessing officer to conduct a thorough verification of the books of accounts and cash sales records of a diamond and…
The Bombay High Court has set aside the rejection of a dividend distribution tax DDT refund claim filed under the provisions of the India-Mauritius Double Taxation Avoidance…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has granted an exemption from service tax to Bharat Heavy Electricals Limited BHEL on the freight and insurance…
The Income Tax Appellate Tribunal ITAT has ruled against additions made to income under Section 153A of the Income Tax Act in cases where the assessments for the relevant periods…
The Income Tax Appellate Tribunal ITAT has ruled against the reopening of an income tax assessment and has consequently quashed an addition of ₹5 crore to the assessee's income.…
The Himachal Pradesh High Court has upheld a substantial Goods and Services Tax GST demand raised against Himalaya Wellness Company, dismissing the company's challenge regarding…
The Income Tax Appellate Tribunal ITAT has dismissed an appeal filed by the tax department in a case where the assessee had already chosen to resolve the dispute through the Vivad…
The National Company Law Tribunal NCLT has delivered a significant ruling concerning the hierarchy of claims during the distribution of asset sale proceeds in insolvency cases.…
The Income Tax Appellate Tribunal ITAT has sent a case back to the assessing officer for a fresh evaluation of documents related to capital gains exemption claims. This decision…
ITAT ruled that revised Section 14A disallowance claims must be supported by fresh Form 3CA certificates from auditors, maintaining the integrity of the disallowance process. This…
The Income Tax Appellate Tribunal remanded a case where CIT A mistakenly treated a private company as a cooperative society eligible for Section 80P deduction. This corrective…
Madras High Court ruled the 60-day limitation period under Section 62 of GST Act is directory, allowing condonation of delay with interest/penalty payments. This flexible…
Madras High Court quashed GST orders denying ITC claims due to non-filing of GSTR-3B during COVID, applying the beneficial Section 16 amendment retrospectively. The judgment…
Madras High Court permitted a challenge to an ex-parte GST order where the accountant failed to inform about proceedings. Recognizing practical business realities, the court…
Delhi High Court allowed a taxpayer to submit an undertaking on the GST portal for recredit of substantial blocked ITC, providing interim relief while the substantive dispute…
Jharkhand High Court set aside a GST notice challenging concessional inter-unit pricing, holding that business efficiency measures cannot be automatically deemed sham…
The National Company Law Appellate Tribunal ruled that approval of a resolution plan cannot be rejected solely because one Committee of Creditors member withdraws consent after…
The Income Tax Appellate Tribunal ruled CSR donations to Gujarat CM's Swachhata Nidhi qualify for Section 80G deductions, rejecting revenue's characterization as political…
Madras High Court directed resolution within five weeks of an ITC blockage case involving alleged fake invoices, emphasizing timely dispute resolution. The court ordered the…
The government imposed anti-dumping duties of $200-450/MT on titanium dioxide imports from China for five years to protect domestic manufacturers like Kerala Minerals. This…
The Central Board of Indirect Taxes imposed a 15-25% countervailing duty on textured/tempered glass from Vietnam for five years, following DGTR's finding of subsidized imports…
The Madras High Court strongly criticized the GST department for passing ex-parte orders as mere empty formalities, warning this practice causes unnecessary litigation. The court…
Madras High Court permitted a taxpayer to file a revocation application for cancelled GST registration, despite the statutory deadline lapse. The court noted that cancellation…
The Madras High Court directed GST authorities to properly consider a taxpayer's representation regarding blocked Input Tax Credit ITC under Rule 86A. The court emphasized that…
Assam Chief Minister Himanta Biswa Sarma strongly defended the GST regime, calling it a "divinely inspired" taxation system that has strengthened India's federal structure. His…
The Central Bureau of Investigation has arrested an Income Tax Commissioner and four others in a bribery scandal involving alleged quid-pro-quo for favorable assessment orders.…
Delhi High Court invalidated a penalty under Section 271 1 c of Income Tax Act because the notice failed to specify whether concealment or inaccurate particulars were alleged. The…
The Central Board of Direct Taxes has introduced a revised ITR-7 form for Assessment Year 2025-26, applicable to political parties, trusts, and other specified entities. The new…
Madras High Court ruled the 60-day limitation period under Section 62 of GST Act is directory, allowing condonation of delay with interest/penalty payments. This flexible…
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