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Street vendors are reportedly facing income tax and GST notices worth crores, raising concerns about potential PAN Permanent Account Number misuse and identity theft. Many street…
SEBI Securities and Exchange Board of India has revised the cut-off timings for Net Asset Value NAV in overnight mutual fund redemptions. This change in timings is likely aimed at…
The Bombay High Court directed the Income Tax Department to refund an adjusted amount, noting that the tax refund was adjusted despite a pre-deposit made by the assessee and a…
ITAT upheld income tax proceedings under Section 153A due to the presence of incriminating material on record. The tribunal found sufficient evidence to justify the reassessment…
Orissa High Court will soon hear a matter regarding the applicability of service tax exemption on works contracts executed for Odisha Lift Irrigation Corporation Ltd. The case…
Kerala High Court ruled that income tax authorities cannot enforce recovery based on a protective assessment and stayed coercive proceedings. The court emphasized that protective…
The Allahabad High Court has ruled to exclude the time spent in bona fide litigation before the High Court and the Supreme Court under Section 14 of the Limitation Act, allowing a…
The Orissa High Court is set to address a jurisdictional dispute where GST Section 74 was invoked despite the assessee voluntarily reversing the Input Tax Credit ITC before the…
The Orissa High Court is set to address a jurisdictional dispute where GST Section 74 was invoked despite the assessee voluntarily reversing the Input Tax Credit ITC before the…
DGFT imposed a Minimum Import Price MIP on synthetic knitted fabrics and revised import policy conditions. This measure aims to protect domestic manufacturers from cheap imports…
Calcutta High Court held that FEMA proceedings cannot be continued during the moratorium period under Section 33 5 of the IBC. The court ruled that the moratorium, triggered by…
The Finance Ministry has increased the customs tariff value of gold. The tariff value is a notional value fixed by the government for the purpose of levying customs duty on…
The Bombay High Court directed the Income Tax Department to refund an adjusted amount, noting that the tax refund was adjusted despite a pre-deposit made by the assessee and a…
The RBI Reserve Bank of India has amended the FEMA Foreign Exchange Management Act compounding guidelines. Notably, the amendments remove the linkage of compounding to past orders…
SEBI Securities and Exchange Board of India has revised the cut-off timings for Net Asset Value NAV in overnight mutual fund redemptions. This change in timings is likely aimed at…
The CBDT Central Board of Direct Taxes has clarified that no income tax deduction will be allowed for penalty settlements made under four key laws. These laws are likely related…
ITAT granted a CA-led trust a final chance to respond to notices and imposed a penalty for failing to do so. The tribunal noted the trust's repeated non-compliance despite…
CESTAT Customs, Excise, and Service Tax Appellate Tribunal held that the Customs Department's delay in adjudicating a Show Cause Notice SCN within one year amounts to denying the…
The Bombay High Court has held that a trust can be considered an Association of Persons AOP under Section 40 b of the Income Tax Act. Section 40 b deals with the deductibility of…
CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that service tax was not leviable on income derived from mall management prior to a certain period. The…
The NCLAT National Company Law Appellate Tribunal has ruled that the mere stamping of invoices does not imply acceptance of debt for the purpose of insolvency proceedings. In…
The ITAT Income Tax Appellate Tribunal rejected the appeal of taxpayers from Kannur due to a procedural delay of nearly five months in filing the appeal. The tribunal emphasized…
ITAT ruled in favor of the assessee, stating that no income tax assessment can be made beyond the 10-year limit under Section 149 1 c . The tribunal upheld the statutory time…
Mamaearth's parent company has elevated Karan Bajwa and Avinash Dhagat to CXO roles. This organizational restructuring indicates the company's growth and strategic focus on…
The Enforcement Directorate ED conducted raids at 8 locations linked to FIITJEE a coaching institute over alleged center closures. The raids suggest an investigation into…
The Kerala High Court denied interim bail to a POCSO Protection of Children from Sexual Offences Act convict who was seeking admission to an LLB program. The court's decision…
The Delhi High Court quashed a ₹56 crore catering tender issued by IRCTC. The reasons for quashing the tender are not specified in the title, but it implies that the court found…
The Delhi High Court directed the Central Information Commission CIC to reconsider an RTI plea that sought the removal of a Chartered Accountant's name from CBI's "undesirable…
In a copyright case between PPL and Azure over playing songs in restaurants, the Supreme Court granted relief to Azure despite PPL filing an appeal. The specifics of the relief…
The Delhi High Court refused to halt the IPO of Allchem, referring a trademark case filed by Alkem Labs for mediation. Alkem Labs had sought to prevent Allchem's IPO, likely based…
OYO has moved the Delhi High Court seeking to restrain media outlets from reporting on an FIR filed against the company. OYO's action suggests that the FIR contains allegations…
The case "Dangal vs. Maha Dangal" involves TV Today taking ABP to the Delhi High Court. The dispute likely pertains to trademark infringement or passing off, with TV Today…
The Supreme Court imposed ₹5 lakh costs on a lawyer for filing a frivolous Article 32 petition challenging a family court order. The court expressed strong disapproval of the…
NCLAT held that a petition under Section 9 of the IBC cannot be entertained based on fabricated invoices created to pursue revenge litigation against the corporate debtor. The…
NCLT's Bengaluru bench held that the absence of a record of a pre-existing dispute in the information utility negates the claim of such a dispute under the IBC. The tribunal…
NCLAT upheld the order of the Adjudicating Authority NCLT directing suspended directors to repay ₹32 lakh withdrawn during the CIRP and imposed ₹5 lakh costs. The appellate…
NCLAT held that liquidated damages validly deducted during the CIRP Corporate Insolvency Resolution Process cannot be refunded after the approval of the resolution plan. The…
The Delhi High Court ruled that Section 107 6 of the CGST Act does not grant discretion to the court to waive the pre-deposit requirement at the time of filing an appeal. The…
The Supreme Court has sought data from the Central government on the sanctions granted or refused under Section 17A of the Prevention of Corruption Act PC Act to investigate…
The Supreme Court held that in a suit for cancellation of a deed with a consequential relief of recovery of possession, the limitation period of three years applies, as the…
The Supreme Court ruled that delay in filing an appeal should not be a reason to deny fair compensation to land losers in acquisition cases. The court emphasized that the primary…
The Supreme Court held that disciplinary action against an employee cannot be upheld when the employee was acquitted in a criminal case based on the same evidence. The court…
Madras High Court directed that if no reply is received after repeated uploading of notices on the GST portal, reminders should be sent via Registered Post with Acknowledgement…
Calcutta High Court allowed Suvendu Adhikari to visit a Waqf Bill violence-affected area in Murshidabad. The court granted permission to the political leader, subject to certain…
Bombay High Court ruled that a unilateral option to terminate an arbitration agreement does not render it illegal. The court upheld the validity of an arbitration clause that…
Punjab & Haryana High Court reduced the sentence in an NDPS case to the period already undergone by a young man who was the sole breadwinner of his family. The court considered…
Karnataka High Court delivered a ruling on land restoration under the Karnataka Prohibition of Transfer of Certain Lands Act. The court interpreted the provisions of the Act…
Rajasthan High Court dismissed a PIL filed against a joint venture between RVUNL Rajasthan Rajya Vidyut Utpadan Nigam Ltd and NTPC National Thermal Power Corporation . The court…
Delhi High Court observed that the publication of an individual's name in CBI's list prima facie violates human rights and Section 24 1 of the RTI Act. The court expressed concern…
Bombay High Court held that an amalgamated company can adjust the written down value of assets of amalgamating companies and claim depreciation without central government…
Street vendors are reportedly facing income tax and GST notices worth crores, raising concerns about potential PAN Permanent Account Number misuse and identity theft. Many street…
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