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ICAI Institute of Chartered Accountants of India has signed an MoU Memorandum of Understanding with the CAG Comptroller and Auditor General of India to enhance the capacity…
The Ministry of Corporate Affairs MCA has penalized both the directors and the company for the failure to maintain a registered office as mandated by the Companies Act.…
The Income Tax Appellate Tribunal ITAT has condoned a significant delay of 191 days in filing an appeal, noting that the assessment order served via email had inadvertently landed…
The Central Board of Direct Taxes CBDT has revised Form 27EQ, which deals with the collection of Tax Collected at Source TCS , and has expanded its applicability to include luxury…
The Madras High Court has affirmed the validity of serving Goods and Services Tax GST notices and orders via the common GST portal. This ruling provides clarity on the legal…
The Reserve Bank of India RBI has directed all banks operating in India to migrate their primary internet domain to the ".bank" top-level domain TLD by October 31st of the current…
The Income Tax Appellate Tribunal ITAT has partly set aside an order issued under Section 263 of the Income Tax Act, which pertains to the revision of assessment orders by the…
The Income Tax Appellate Tribunal ITAT has quashed a reassessment order, observing that the Assessing Officer AO provided only six days to reply to the notice issued under Section…
The Ahmedabad bench of the Income Tax Appellate Tribunal ITAT has ordered a rectification of an assessment order after finding that the Assessing Officer AO had wrongly considered…
The Income Tax Appellate Tribunal ITAT has set aside the rejection of a trust's application for registration under Section 12A of the Income Tax Act, after determining that the…
The Income Tax Appellate Tribunal ITAT has deleted an addition of ₹14.84 lakh made by the Assessing Officer AO , finding that the cash deposits in the Non-Banking Financial…
A significant change is anticipated under the new Tax Bill 2025, which proposes the discontinuation of nil Tax Deducted at Source TDS certificates. Currently, individuals and…
The Central Board of Direct Taxes CBDT has amended Form 27EQ, which pertains to the collection of Tax Collected at Source TCS . A significant implication of this amendment is the…
The Central Board of Indirect Taxes and Customs CBIC has amended its customs circular to replace the mandatory submission of a Certificate of Origin with a Proof of Origin under…
In a concerning revelation, over 25,000 fictitious firms have been detected for fraudulently claiming Input Tax Credit ITC amounting to a staggering ₹61,545 crore during the…
The CBI Central Bureau of Investigation has re-registered a case against a former Advocate General and two former bureaucrats in connection with the alleged role of these…
The Punjab and Haryana High Court has taken a strong stance against custodial lapses by ordering the state government to pay a compensation of ₹3 lakh to a man who was illegally…
Trident Growth Partners, a newly established private equity firm, has announced the successful first close of its maiden fund, securing commitments totaling INR 1000 crore…
Ather Energy, as it prepares for its upcoming Initial Public Offering IPO , has demonstrated significant progress in improving its financial performance by reducing its losses by…
Ather Energy, a prominent electric vehicle startup in India, has officially filed its Red Herring Prospectus RHP with SEBI for its upcoming Initial Public Offering IPO . The…
Vayudh, an Indian drone technology startup, has successfully raised $10 million in funding from Dharana Capital and other investors. This investment underscores the growing…
Yulu, an Indian electric mobility startup specializing in shared e-bikes and e-scooters, is reportedly in discussions to raise a significant funding round of $75-80 million. This…
Kiranapro, a business-to-business B2B e-commerce platform focused on serving grocery retailers, has onboarded Arjun Vaidya, the co-founder of V3 Ventures, as a new investor. This…
Alphabet Inc., the parent company of Google, is reportedly engaged in discussions to potentially shift the production of its Pixel smartphones to India. This move would align with…
Rebel Foods, the parent company of popular food brands like Faasos, Behrouz Biryani, and Ovenstory, which operates a network of cloud kitchens, has secured $25 million in a…
Uniqus, a consulting firm specializing in providing business solutions, has successfully raised $20 million in funding. This capital infusion will be strategically used by Uniqus…
The Enforcement Directorate ED , India's financial crime investigation agency, is reportedly preparing to question the Jaggi brothers in connection with its ongoing investigation…
Hindustan Unilever Limited HUL , one of India's largest consumer goods companies, has successfully completed its acquisition of a 90.5% controlling stake in Minimalist, a rapidly…
E-commerce giant Flipkart is reportedly considering a "reverse flip," which involves relocating its holding company back to India from Singapore. Flipkart, originally founded in…
Ather Energy, a prominent Indian electric scooter manufacturer, has formally filed its Red Herring Prospectus RHP with the Securities and Exchange Board of India SEBI as a crucial…
Pristyn Care, a healthcare startup known for its asset-light surgical care model, has achieved rapid profitability for its first owned and operated hospital within just two months…
Zupee, an Indian online gaming platform specializing in skill-based games, has announced a significant financial milestone by posting a profit after tax PAT of ₹146 crore in the…
Euler Motors, an Indian electric vehicle manufacturer focused on commercial vehicles, has reportedly concluded its Series D funding round with its valuation remaining at the same…
A91 Partners, an Indian venture capital firm, has successfully closed its third fund, Fund III, with a total capital commitment of $665 million. This significant fundraising…
The Supreme Court has delivered a significant ruling clarifying the interplay between arbitration proceedings and the insolvency resolution process under the Insolvency and…
In a case involving exceptionally heinous crimes – the murder of his wife and four children, coupled with the rape of his daughter – the Supreme Court has decided to commute the…
Swiggy, one of India's leading online food delivery platforms, has granted Employee Stock Ownership Plans ESOPs worth ₹400 crore, primarily targeting employees within its rapidly…
The Bombay High Court has refused to grant immediate relief to Ami Modi, sister of the fugitive diamantaire Nirav Modi, concerning a chargesheet filed against her by the Central…
The Supreme Court is set to adjudicate a crucial legal question: whether the act of match-fixing constitutes a criminal offense under Indian law. This issue has arisen in the…
The Delhi High Court, in a case between ANI Asian News International and OpenAI regarding ChatGPT, ruled that news reports have limited copyright protection. The court's decision…
Devyani International, a major franchisee for global food chains like KFC and Pizza Hut in India, is reportedly in discussions to acquire a majority stake in Biryani By Kilo BBK ,…
The Indian Express has moved the Supreme Court against a directive by the Gujarat High Court to issue an apology for alleged distorted reporting. This legal challenge raises…
The Competition Commission of India CCI imposed a penalty of ₹202 crore on Google for abuse of dominance in the Android TV market and subsequently settled the case. The penalty…
The Delhi High Court clarified that the grant of post-award interest under Section 31 7 b of the Arbitration and Conciliation Act is mandatory. The court stated that while…
The NCLAT National Company Law Appellate Tribunal , New Delhi, held that a Section 12A application under the IBC Insolvency and Bankruptcy Code for withdrawal of the insolvency…
The Consumer Commission held a tailoring shop liable for failing to stitch a shirt to the agreed-upon exact measurements. This ruling emphasizes the responsibility of service…
IntrCity SmartBus, an intercity bus service that leverages technology to provide a more organized and comfortable travel experience, has set an ambitious revenue target of ₹1000…
E-commerce behemoth Flipkart is actively exploring the possibility of relocating its holding company from Singapore back to India, a move often referred to as a "reverse flip."…
Equity markets in India have experienced a significant surge, with investors gaining over ₹33.55 lakh crore in wealth over the past six trading sessions. This substantial increase…
The Reserve Bank of India RBI has stated that higher balances in the Standing Deposit Facility SDF reflect an asymmetry in bank liquidity. The SDF is a tool used by the RBI to…
ICAI Institute of Chartered Accountants of India has signed an MoU Memorandum of Understanding with the CAG Comptroller and Auditor General of India to enhance the capacity…
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