The Supreme Court ruled that minor editorial changes in draft sanction orders under Section 19 of the Prevention of Corruption Act don't vitiate the sanction if they don't affect…
09/05/20251 min read
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The Supreme Court ruled that minor editorial changes in draft sanction orders under Section 19 of the Prevention of Corruption Act don't vitiate the sanction if they don't affect…
The Delhi High Court granted interim relief to Germany's Max Mueller Bhavan in a trademark dispute against an Indian entity's unauthorized use. Justice Prathiba Singh restrained…
The Delhi High Court upheld ITAT's decision that AMP Advertising, Marketing and Promotion expenses don't constitute separate international transactions requiring transfer pricing…
The Delhi High Court directed the CIT E to condone a 30-day delay in filing Form 10B due to the accountant's family medical emergency. Justice Yashwant Varma held that genuine…
CaratLane reported ₹883 crore revenue in Q4 FY25, marking 32% YoY growth for the Tata Group-owned jewelry retailer. The strong performance was driven by 18 new store openings and…
The Delhi High Court set aside income tax proceedings under Section 148, ruling the notice was issued beyond the six-year limitation period without valid justification. Justice…
India has agreed to reduce import tariffs on luxury cars from the UK to 10% under the proposed free trade agreement FTA , benefiting brands like Jaguar Land Rover, Aston Martin,…
The Delhi High Court quashed income tax proceedings under Section 153C, ruling they cannot be initiated without incriminating material found during searches. Justice Manmohan held…
ITAT deleted ₹42 lakh unexplained money additions, ruling that third-party documents are inadmissible without verification. The bench held that the AO cannot rely on unverified…
CESTAT remanded a CENVAT credit reversal case, directing reconsideration of proportionate credit denial related to trading activities. The tribunal found the original order…
The Delhi High Court granted bail to a businessman accused of ₹18 crore fake ITC availment and prohibited his re-arrest in connected cases without court permission. Justice Anoop…
CESTAT accepted Income Tax Form 26AS as sufficient proof of commission income for real estate agents facing service tax demands, quashing a ₹1.8 crore order. The tribunal held…
CESTAT ruled that valuation of allegedly clandestinely removed goods between related parties cannot be based on unrelated party transactions without adjustments. The tribunal set…
The Delhi High Court imposed ₹1 lakh costs on Exide Industries for delayed response to GST notices but remanded the matter for fresh hearing. Justice Yashwant Varma noted the…
CESTAT set aside a ₹3.2 crore penalty under Section 78 of the Finance Act for delayed service tax payment, finding no evidence of fraud or suppression. The tribunal noted the…
CESTAT limited a service tax demand on employee secondment arrangements to the normal one-year period, finding no evidence of wilful suppression to invoke the extended five-year…
ITAT dismissed the revenue department's appeal after the assessee settled the dispute under the Vivad se Vishwas Scheme 2024, holding that such settlements attain finality. The…
CESTAT reinstated a customs broker's license that was revoked for alleged violation of Regulation 10 k of CBLR 2018, finding no evidence of misconduct. The tribunal noted the…
The Delhi High Court allowed a belated appeal against a GST demand after accepting the assessee's explanation that the show cause notice wasn't visible on the GST portal due to…
CESTAT reduced a ₹25 lakh penalty imposed on an importer of rough marble blocks to ₹5 lakh, finding the original penalty disproportionate to the procedural lapse. The tribunal…
The Delhi High Court granted bail to a CA accused of money laundering for allegedly vitiating NCLT processes, considering the unlikelihood of trial commencement within six months.…
The Delhi High Court dismissed the Customs Department's appeal over a ₹57,000 drawback dispute, citing negligible revenue impact and judicial economy. Justice Rajiv Shakdher…
GSTN has simplified refund procedures for deemed export recipients by introducing a new automated verification module that reduces manual intervention. The updated system allows…
A chartered accountant was arrested in Mumbai for allegedly masterminding a ₹7.85 crore GST input tax credit fraud involving 80 fake firms. The accused created a network of shell…
The GST Network has simplified the refund filing process for exporters, SEZ suppliers and deemed exporters by introducing a new common application form RFD-01D and automated…
Petcare startup Vetic is raising $26 million led by Bessemer Venture Partners at a $120 million valuation. The funding will expand its chain of tech-enabled veterinary clinics and…
Vanguard has valued Ola at $1.25 billion in its latest markdown, a 65% reduction from the 2021 peak valuation of $7.3 billion. The US fund's internal valuation reflects growing…
Swiggy posted ₹4,410 crore revenue in Q4 FY25, with its quick commerce vertical Instamart growing 115% YoY. The food delivery giant's consolidated losses narrowed to ₹480 crore as…
IndiaMART has acquired the remaining 34% stake in Livekeeping for INR 27 crore, completing its 100% ownership of the SaaS-based accounting automation platform. The B2B marketplace…
ideaForge's shares surged 20% to hit the upper circuit despite reporting weak Q4 FY25 results with a 58% YoY profit decline. The drone manufacturer's stock rally was driven by…
The Delhi High Court ordered seizure of 129 BluSmart electric vehicles over unpaid dues to vehicle leasing partners. Justice Yashwant Varma directed the EV cab aggregator to…
Dream Sports has joined the ownership group of English League Two football club Salford City FC through its investment arm Dream Capital. The Indian fantasy sports giant becomes…
The government has expanded the Credit Guarantee Scheme for Startups CGSS in 2025, increasing the cover to 85% for loans up to INR 5 crore and reducing processing fees by 40%. The…
The Indian government has doubled the loan guarantee cap under the Startup India scheme to INR 20 crore per borrower while reducing interest rates by 1.5%. The enhanced limits…
Swiggy's quick commerce vertical Instamart reported INR 1,081 crore losses in Q4 FY25 despite 115% revenue growth, dragging consolidated losses to INR 480 crore. The heavy…
GAIL has signed an MoU with Karnataka government to develop 1 GW renewable energy capacity by 2030 with INR 5,200 crore investment. The state-run gas major will set up solar, wind…
Swiggy is shifting its quick commerce inventory model to reduce working capital strain, CFO Rahul Bothra revealed. The platform will move from full inventory ownership to a hybrid…
SEBI's working group has proposed easing gross derivative exposure limits for foreign portfolio investors FPIs from 100% to 150% of AUM. The recommendation aims to enhance…
BEML has secured 250 acres in Chhattisgarh to establish a INR 1,200 crore heavy earth moving equipment manufacturing facility. The defense PSU's new plant will produce dump…
India's retail inflation is projected to ease further to 3% in April, strengthening the case for RBI rate cuts in second half of 2025. The expected dip from March's 3.2% comes on…
CaptainBiz has launched Bill2Pay, an embedded finance solution to accelerate MSME payments and improve cash flow management. The B2B platform's new feature enables instant…
Japanese banking giant SMBC is in advanced talks to acquire SBI's 26% stake in Yes Bank, potentially becoming the biggest foreign acquisition in Indian banking. The deal at INR…
The Chhattisgarh High Court declared child adoption leave a fundamental right under Article 21, mandating equal leave benefits for adoptive and biological parents. Justice Parth…
Logistics startup Porter raised 200millioninSeriesFfunding,valuingthecompanyat1.2 billion. The round was led by Kedaara Capital and Wellington Management. Porter will use the…
GRSE delivered the first Anti-Submarine Warfare Shallow Water Craft 'Arnala' to the Indian Navy. The vessel is part of a Rs 6,311 crore contract for eight such ships. The delivery…
Dabur India will discontinue its tea and adult/baby diaper businesses. The FMCG major is exiting non-core categories to focus on health and wellness products. The decision…
Edtech startup Vedantu turned profitable in Q4 FY25 with Rs 284 crore collections. The company achieved profitability through cost optimization and focus on high-margin test prep…
Paytm founder faces ESOP ban as SEBI settles governance violation case. The regulator found lapses in employee stock option disclosures and approval processes. The settlement…
DPIIT partnered with Häfele India to support manufacturing startups. The collaboration will provide technical know-how, market access and mentorship to early-stage hardware…
Wells Fargo is closing its Chennai GCC and relocating operations to Bengaluru and Hyderabad. The move affects 1,200 employees who will be offered transfers or severance packages.…
The Supreme Court ruled that minor editorial changes in draft sanction orders under Section 19 of the Prevention of Corruption Act don't vitiate the sanction if they don't affect…
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