OYO reported Rs 623 crore profit in FY25, becoming India's most profitable startup. Founder Ritesh Agarwal credited sustainable growth and operational efficiencies for the…
08/05/20251 min read
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OYO reported Rs 623 crore profit in FY25, becoming India's most profitable startup. Founder Ritesh Agarwal credited sustainable growth and operational efficiencies for the…
Karnataka government signed MoUs to establish a Centre of Excellence and Space Manufacturing Park. The initiatives aim to boost India's private space sector capabilities. The…
Walt Disney reported $103 million equity loss from its India JV with Reliance's JioStar. The loss reflects challenges in India's competitive streaming market. Disney continues to…
PB Fintech's healthcare venture secured $21.8 million for its hospital chain acquisition platform. The funds will finance purchases of mid-sized hospitals in tier 2 cities. The…
Reliance Industries withdrew its trademark application for "Operation Sindoor" following objections from veterans' groups. The company had sought protection for the term in…
Logistics unicorn Porter raised 200millioninSeriesFfundingata1.2 billion valuation. The round was led by Kedaara Capital and Wellington Management. Porter will use the capital to…
Propelld will use the funds to expand beyond higher education into school and vocational training financing. The platform has disbursed Rs 1,200 crore in loans with less than 2%…
Aryaag Network reported Rs 447 crore revenue in FY25, marking 42% growth year-on-year. Profits surged 70% to Rs 89 crore, driven by strong performance in digital advertising…
MakeO plans to use the capital to expand into B2B dental solutions and Southeast Asian markets. The valuation reset follows failed acquisition talks and reflects broader…
The Supreme Court ruled that the National Company Law Appellate Tribunal NCLAT cannot condone delays beyond 45 days for filing appeals under the Insolvency and Bankruptcy Code IBC…
The Punjab & Haryana High Court ordered confiscation of devices used for illegally recording court proceedings, calling it a serious contempt undermining judicial dignity. Justice…
The NCLAT dismissed an insolvency plea against PepsiCo, ruling that IBC can't be invoked solely for interest repayment without addressing principal debt. The tribunal held that…
The Karnataka High Court dismissed a visa cancellation case involving Pakistani children, ruling that the government has wide discretion in immigration matters. Justice M…
The Punjab & Haryana High Court ruled that housewives' income for motor accident compensation should be calculated at unskilled laborer wages unless proven otherwise. Justice…
The Kerala High Court ruled that information accessible under RTI can't be denied merely because it's available through alternative means. Justice Amit Rawal held that the RTI…
The Bombay High Court granted retrospective family pension benefits to parents of a deceased unmarried daughter, ruling that pension denials based on marital status violate…
Wikipedia withdrew its Delhi High Court appeal against ANI in a defamation case, marking an unusual retreat by the online encyclopedia. The dispute involved ANI's complaint about…
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…
The Madras High Court ruled that statements recorded under Section 50 of PMLA aren't governed by the Indian Evidence Act, giving enforcement agencies wider latitude in economic…
The NCLAT held that resolution plan approval can't be rejected solely because one CoC member withdraws consent, provided the plan meets other statutory requirements. The case…
The NCLAT ruled that substantial amendments to Section 7 applications can't be permitted if they alter the proceeding's fundamental nature, as this amounts to withdrawal of…
The NCLT Cuttack ruled that secured creditors relinquishing their security interest can't claim priority during asset sale proceeds distribution under IBC. The case involved a…
The NCLAT held that employment contract disputes regarding salaries and emoluments fall outside IBC's scope, being matters for labor courts. The tribunal dismissed an operational…
BluSmart's investors are planning a 30millionemergencyfundingroundata60150 million. The capital will clear outstanding dues to EV financiers and prevent fleet seizures. Existing…
The NCLAT ruled that Resolution Professionals RPs aren't obligated to share valuation reports with suspended corporate debtor management under IBC. The appellate tribunal held…
The Calcutta High Court upheld the quashing of ₹729 crore penalty imposed on a dissolved HUF, ruling that penalties can't survive the entity's dissolution unless specifically…
The Patna High Court ruled that state GST officers can independently issue notices for wrongful ITC claims without waiting for central authorities, even in fraud cases. Justice…
CESTAT allowed CENVAT credit on input services used for mutual fund distribution, rejecting the department's claim that subscription/redemption of liquid mutual fund units…
The Telangana High Court ruled that objections under Section 47 of the Civil Procedure Code CPC aren't maintainable against arbitral awards during execution proceedings. Justice…
The Supreme Court ruled that High Courts may grant interim relief under Article 227 in arbitration matters, but only in exceptional circumstances where the arbitral tribunal's…
The Delhi High Court quashed an IGST demand of ₹48 crore on IndiGo Airlines for reimported aircraft parts, ruling they couldn't be taxed as service imports when originally…
ITAT quashed ₹2.1 crore additions made in an "injudicious manner" where the AO rejected evidence without proper examination. The scathing order criticized the "lack of requisite…
ITAT disallowed ₹75 lakh research deduction claims because donations were made to institutes lacking Section 35 1 ii registration. The tribunal strictly enforced the registration…
CESTAT ruled that Special Additional Duty SAD applies to stock transfers to Domestic Tariff Area DTA units, even without actual VAT payment. The judgment dismissed Sun Pharma's…
The CBI arrested a CGST inspector red-handed while accepting a ₹50,000 bribe to settle a ₹7.2 lakh tax dispute. This high-profile arrest highlights the government's…
ITAT remanded a ₹1.2 crore addition case where authorities failed to determine whether the amount was a lottery win taxable or corporate gift non-taxable . The tribunal criticized…
ITAT allowed an Indian branch of a UAE company to deduct head office expenses under the India-UAE tax treaty, overriding Section 44C restrictions. The tribunal held that the…
The Patna High Court remanded an excise case, holding that Section 33A mandates three substantive personal hearings with reasonable intervals before adjudication. The court found…
ITAT ruled that intercompany loans between subsidiary and holding companies aren't automatically deemed dividends under Section 2 22 e when part of consistent business practice.…
The Supreme Court reaffirmed that NCLAT cannot condone appeal filing delays beyond 45 days under IBC, dismissing Tata Steel's appeal in the Raj Kumar Banerjee case. The judgment…
ITAT dismissed a departmental appeal citing the CBDT's monetary threshold policy, which bars appeals below specified revenue limits ₹50 lakh for ITAT . The tribunal strictly…
The CBDT notified the revised ITR-V form for AY2025-26, introducing enhanced verification requirements for e-filed returns without digital signatures. The new form mandates…
CESTAT denied service tax exemption on mutual fund distribution commissions, ruling that subscription/redemption of liquid fund units doesn't constitute "trading of goods" under…
Online gaming companies told the Supreme Court they don't oppose prospective 28% GST on full face value, while challenging retrospective demands. The industry seeks to balance…
Logistics firm Delhivery received a Rs 49 crore GST demand notice for FY2018-19, mainly disputing input tax credit claims. The company plans to appeal the order, maintaining…
CESTAT exempted airfare payments for foreign consultants from service tax, ruling it constitutes pure reimbursement of travel costs, not taxable consideration. The tribunal…
ITAT Sikkim ruled that merely being Sikkimese doesn't automatically qualify for Section 10 26AAA income tax exemption - all statutory conditions must be strictly met. The tribunal…
ITAT Chennai remanded a ₹60 lakh long-term capital gains addition back to the assessing officer, finding the land transfer assessment under a development agreement was incomplete.…
The Bombay High Court condoned a five-year delay in rectifying defective income tax returns, accepting the taxpayer's financial hardship justification but imposing strict…
ITAT Mumbai ruled that corpus contributions to Section 12A-registered trusts qualify as capital receipts, not taxable income. The bench distinguished between regular donations…
OYO reported Rs 623 crore profit in FY25, becoming India's most profitable startup. Founder Ritesh Agarwal credited sustainable growth and operational efficiencies for the…
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