News & Judgements

Eternal Zomato’s parent firm posted a 64% YoY revenue jump in Q4 FY25, driven by Blinkit’s quick-commerce surge. However, profitability plummeted 78% due to high delivery and…

Oyo launched Townhouse Café, a quick-service restaurant chain, marking its return to the food business after earlier exits. The move diversifies Oyo’s hospitality-centric model…

The Reserve Bank announced a ₹1.3 lakh crore government securities buyback to inject liquidity into the banking system. This unconventional move aims to address tight liquidity…

April 2024 saw UPI transactions decline marginally to 17.89 billion—the first drop after months of growth—indicating market saturation in India’s digital payments ecosystem.…

The Competition Commission of India CCI closed an investigation into Jammu & Kashmir Bank, finding no evidence that its loan covenants with borrowers violated anti-trust laws.…

The National Company Law Appellate Tribunal NCLAT dismissed a contractor’s plea to initiate insolvency against DLF over alleged unpaid dues of ₹465 crore, noting unresolved…

The Calcutta High Court imposed a ₹1 lakh penalty on a woman for publishing a fake newspaper notice alleging her husband’s criminal activities. The court condemned the act as a…

The National Company Law Tribunal NCLT postponed its decision on admitting Dunzo’s insolvency plea for the third consecutive hearing, reflecting complexities in the quick-commerce…

In a significant clarification, the Himachal Pradesh High Court ruled that Section 31 of the Domestic Violence Act penalizing breach of protection orders applies only to…

Cloud software major Zoho has put its 700 million semiconductor investment plans on hold, joining Adani in reassessing India's chip manufacturing landscape. The company cited…

The Karnataka High Court is hearing challenges to the state’s 2024 rule mandating employers to insure gratuity payments for employees. Petitioners argue the policy imposes undue…

Expanding on its earlier order, the Delhi High Court demanded Ramdev and Balkrishna submit detailed affidavits explaining their “jihadi drink” comments against Hamdard’s Roohafza.…

The Chhattisgarh High Court rejected a plea by a rape accused seeking access to the survivor’s social media accounts, citing concerns over victim intimidation and privacy…

The Delhi High Court issued contempt notices to Baba Ramdev and Acharya Balkrishna for their derogatory comments branding Hamdard’s Roohafza as a "jihadi drink." The court deemed…

The Telangana High Court set aside a lower court’s order directing a retrial in a murder case where the accused had already been acquitted. The court ruled that ordering a fresh…

The Karnataka High Court dismissed a POCSO case against two brothers accused of sexually assaulting a minor, citing glaring inconsistencies in the victim’s testimony and lack of…

The Patna High Court, while adjudicating an attempt-to-murder case under Section 307 of the Indian Penal Code IPC , clarified that mere injury does not automatically establish…

The Allahabad High Court ruled that an insurance company is legally entitled to reject a claim if the policyholder deliberately conceals or misrepresents material facts at the…

Rajasthan High Court has issued an order regarding the alleged misuse of funds allocated for the Swami Vivekanand Scholarship scheme. This scholarship program is intended to…

Andhra Pradesh High Court upheld Rule 18 of the Civil Pensions Commutation Rules. Commutation of pension refers to the process of receiving a lump sum amount in lieu of a periodic…

The Supreme Court held that Section 482 of the Criminal Procedure Code CrPC does not empower the High Court to rely on an investigation report while considering a plea to quash an…

A plea has been filed in the Supreme Court against the blocking of a YouTube news channel, "4 PM," citing concerns about national security and the Information Technology IT…

Delhi High Court set aside a notice issued under Section 148AB of the Income Tax Act, citing the bar by limitation. Section 148AB pertains to conducting inquiries, providing an…

Blinkit and Airtel have temporarily suspended SIM card home delivery services following stricter DoT KYC guidelines. The telecom department raised concerns about potential…

Early-stage venture fund Aikyam Capital has secured ₹105 crore in commitments for its debut fund targeting climate tech and sustainability startups. The fund plans to make 15-20…

Jubilant FoodWorks received CCI clearance for its 40% acquisition in Coca-Cola's Indian bottling operations. The ₹1,500 crore deal marks Jubilant's diversification beyond Domino's…

Allahabad High Court quashed a GST assessment order issued under Section 62 of the CGST Act, citing its incompleteness due to the absence of a prior notice under Section 46.…

CESTAT Customs, Excise and Service Tax Appellate Tribunal ruled in favor of Wipro, stating that the value reassessment for the free replacement of defective goods was unjustified.…

Allahabad High Court quashed a ₹2.11 crore GST demand raised under Section 74 of the CGST Act due to the lack of a personal hearing. Section 74 pertains to the determination of…

CESTAT Customs, Excise and Service Tax Appellate Tribunal ruled in the GMR case that investments in mutual funds are neither trading nor a service but are non-taxable financial…

ITAT Income Tax Appellate Tribunal ordered the Assessing Officer AO to grant exemption approval under Section 80G 5 iiiad of the Income Tax Act to a trust, despite the lack of a…

ITAT Income Tax Appellate Tribunal restored the registration and approval applications of a small trust after it missed crucial notices due to a lack of legal awareness. The…

GSTN Goods and Services Tax Network has issued an advisory regarding the Phase 3 implementation of HSN Harmonized System of Nomenclature code reporting in Table 12 of GSTR-1 and…

Eternal aims to shift Blinkit from a marketplace to an inventory-led model, owning stock directly to control quality and margins. This mirrors strategies by Zepto and Swiggy…

ITAT Income Tax Appellate Tribunal deleted an ALP Arm's Length Price adjustment related to the classification of FTS Fees for Technical Services in management and administrative…

An article discusses how ChatGPT's image generation function was used to create fake Aadhaar and PAN cards, including one purportedly belonging to Elon Musk, following a "Ghibli…

ITAT Income Tax Appellate Tribunal remanded a matter related to an unexplained opening cash balance back to the Assessing Officer AO for further examination. The tribunal found…

The Kerala High Court has restored the doctrine of mutuality in a specific case. The doctrine of mutuality is a principle that exempts certain associations or clubs from tax…

The Finance Ministry has revised the customs tariffs on gold, silver, and crude oil, with the changes taking effect from May 1st. These revisions are likely to impact the prices…

ITAT Income Tax Appellate Tribunal ruled that disallowance under Section 43B of the Income Tax Act is not applicable when no deduction has been claimed for an expense and the…

The Finance Ministry has notified an import duty relief for select rice imports, also effective from May 1, 2025. This measure appears to be in contrast to the imposition of…

The CBIC Central Board of Indirect Taxes and Customs has issued an alert for rice exporters, imposing a duty on parboiled rice and certain other milled rice varieties effective…

The Customs department has issued an alert for businesses to pay deferred customs duties for Bills of Entry BOE returned in April by today to avoid incurring interest charges.…

ITAT Income Tax Appellate Tribunal remanded a matter to the Assessing Officer AO for the verification of Form 26AS regarding the disallowance of interest payments under Section 40…

CESTAT Customs, Excise and Service Tax Appellate Tribunal ruled that a refund, once granted, cannot be recovered via a Show Cause Notice SCN unless a proper appeal under Section…

ITAT Income Tax Appellate Tribunal deleted the Assessing Officer's AO addition made under Section 56 2 viib of the Income Tax Act, accepting the Discounted Cash Flow DCF method…

ITAT Income Tax Appellate Tribunal ordered a fresh verification of the creditworthiness of lenders and the genuineness of loan transactions under Section 68 of the Income Tax Act.…

The Law Ministry has notified that Justice B.R. Gavai is set to succeed Justice Sanjiv Khanna as the 52nd Chief Justice of India CJI . This announcement confirms the upcoming…

ITAT Income Tax Appellate Tribunal deleted the Assessing Officer's AO addition of ₹34 crores made under Section 68 of the Income Tax Act for share capital and premium, upholding…

CESTAT Customs, Excise and Service Tax Appellate Tribunal ruled that a disputed amount paid as excise duty under protest after the clearance of goods is not covered by the…