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Criminal contempt action has been sought against BJP MP Nishikant Dubey for his remarks against the Supreme Court and the Chief Justice of India CJI . This development highlights…
Voltas has received a customs duty demand of ₹24.81 crore for alleged short payment. This indicates that the customs authorities have determined that Voltas underpaid the…
The Delhi High Court, in a case concerning women's property rights, made a reference to Draupadi from the Mahabharata. While the specific details of the ruling and the context of…
The Delhi High Court ruled that advertisement, marketing, and promotion expenditure incurred by an assessee does not constitute an "international transaction" under Section 92F of…
The Punjab and Haryana High Court remanded a matter to CESTAT Customs, Excise, and Service Tax Appellate Tribunal regarding the applicability of the Jindal Stainless Ltd. case on…
The ITAT Income Tax Appellate Tribunal ruled that an assessment under Section 143 of the Income Tax Act was void ab initio from the beginning as the Assessing Officer AO…
The ITAT Income Tax Appellate Tribunal granted relief on interest disallowance for advances to sister concerns and ordered verification of funds flow by the CITA Commissioner of…
The Gensol company fraud case has sparked a debate on the duties of auditors, with ICAI Institute of Chartered Accountants of India yet to act. This indicates concerns and…
Zepto's advertising verticals experienced a remarkable 5x growth in their Annualized Revenue Run-rate ARR within a year, as highlighted by its co-founder, Aadit Palicha. This…
The Competition Commission of India CCI ruled that Zomato's delivery charges, platform fees, and food prices are not unfair or discriminatory. The CCI's decision suggests that it…
NTT Data and Neysa have signed an MoU with the Telangana government to establish an AI and data center cluster in the state. This collaboration aims to leverage the expertise of…
The Delhi High Court directed the release of gold seized from a minor at IGI Airport as the Customs Department failed to issue a Show Cause Notice SCN within the stipulated time.…
The Patna High Court ruled that CENVAT credit on capital goods received after July 1, 2017, which is the commencement date of GST, is not allowable for the transitional period…
The Madras High Court held that additional penalty under Section 125 of the GST Act is not applicable when late fees have already been levied for the non-filing or delayed filing…
CESTAT Customs, Excise, and Service Tax Appellate Tribunal ruled that Rule 8 of the Central Excise Valuation Rules is inapplicable where there is no sale or captive consumption,…
The Calcutta High Court granted bail to a businessman in a ₹2 crore GST Input Tax Credit ITC case, based on toll data. The court likely considered the toll data as a significant…
The then-President had previously targeted Vietnam with tariffs, a move that had implications for global trade dynamics. This action, part of a broader trade policy, affected…
The ITAT Income Tax Appellate Tribunal deleted a ₹1.44 crore addition under Section 68 of the Income Tax Act for Wow Entertainment, citing the denial of cross-examination and…
The ITAT Income Tax Appellate Tribunal set aside an addition of ₹45.74 lakh for cash deposits made during demonetization and remanded the matter for fresh examination. The…
The ITAT Income Tax Appellate Tribunal applied a 4% Gross Profit GP rate on bogus purchases of ₹2.5 crore, citing the taxpayer's declared profit rate. The tribunal adopted a…
The ITAT Income Tax Appellate Tribunal ruled that religious objects must be assessed under the 5% expenditure rule and restored an application under Section 80G of the Income Tax…
The Delhi High Court held that a taxpayer who had previously responded to a GST Show Cause Notice SCN sent via the portal cannot later plead unawareness for a disputed assessment…
The Delhi High Court ordered the immediate release of personal gold jewelry seized at the airport from an individual returning from a family event abroad. The court likely found…
The Delhi High Court ordered the release of goods due to an inordinate 11-year delay in adjudication, citing a violation of Section 11A 11 of the Central Excise Act. Section 11A…
CESTAT Customs, Excise, and Service Tax Appellate Tribunal upheld the relief granted by a coordinate bench to Vodafone Idea in a ₹13 crore CENVAT credit dispute related to service…
A tea stall worker in Gujarat was shocked to receive an income tax notice demanding ₹115 crore. This unusual incident likely points towards a case of mistaken identity, a…
The government has clarified that there is no GST applicable on UPI Unified Payments Interface payments, even for transactions exceeding ₹2,000, amidst circulating rumors…
The Madras High Court directed the disposal of an appeal within two months where the bank account of the appellant was attached during the pendency of the appeal. The court's…
The ITAT Income Tax Appellate Tribunal deleted a ₹1.44 crore addition under Section 68 of the Income Tax Act for Wow Entertainment, citing the denial of cross-examination and…
The Orissa High Court clarified that the Supreme Court's interim relief on entry tax interest applies only to the petitioners in the specific Special Leave Petition SLP before the…
CESTAT Customs, Excise, and Service Tax Appellate Tribunal upheld the relief granted by a coordinate bench to Vodafone Idea in a ₹13 crore CENVAT credit dispute related to service…
The Income Tax Department is reportedly probing several startups regarding foreign funds received from Singapore. This investigation likely centers on scrutinizing the source,…
The Delhi High Court ordered the release of goods due to an inordinate 11-year delay in adjudication, citing a violation of Section 11A 11 of the Central Excise Act. Section 11A…
The ITAT Income Tax Appellate Tribunal upheld the deletion of a ₹21.36 crore disallowance under Section 14A of the Income Tax Act for Oriental Insurance. Section 14A disallows…
A Thane Sessions Court rejected the anticipatory bail application of a former Uttar Pradesh MLA, Hari Narayan Rajbhar, in an alleged ₹3 crore cheating case. This denial of…
A tea stall worker in Gujarat was shocked to receive an income tax notice demanding ₹115 crore. This unusual incident likely points towards a case of mistaken identity, a…
The government has clarified that there is no GST applicable on UPI Unified Payments Interface payments, even for transactions exceeding ₹2,000, amidst circulating rumors…
The central government is planning to strengthen the offices of the MSME Micro, Small and Medium Enterprises sector in the Northeast region, following advocacy from MP Jamir of…
A Thane Sessions Court rejected the anticipatory bail application of a former Uttar Pradesh MLA, Hari Narayan Rajbhar, in an alleged ₹3 crore cheating case. This denial of…
The government has extended the deadline for comments on draft rules for a coal trade exchange until May 7th. This extension suggests that the government is seeking broader…
The Bombay High Court stayed a ₹133 crore GST penalty imposed on Shemaroo Entertainment and its executive. While the specific grounds for the stay are not detailed in the title, a…
A homebuyer in Bengaluru has won a ₹2.56 crore refund as a builder delayed the apartment project. This consumer court ruling highlights the legal rights of homebuyers against…
Walmart-backed PhonePe has dropped its old name and adopted "PhonePe Limited" as its official name in the run-up to its IPO. This rebranding exercise is a common practice for…
Due to a seven-year delay in the possession of a flat, a homebuyer in Bengaluru was awarded ₹2.56 crore in compensation and the builder was directed to foreclose the homebuyer's…
The top 10 firms in the Indian stock market collectively added ₹3.84 lakh crore to their market capitalization in the past week, fueled by a market rally. HDFC Bank and Airtel…
ICAI Institute of Chartered Accountants of India has taken disciplinary action against two Chartered Accountants CAs for professional misconduct. This action by the regulatory…
The then-President had previously targeted Vietnam with tariffs, a move that had implications for global trade dynamics. This action, part of a broader trade policy, affected…
The Allahabad High Court ruled on a domestic violence complaint filed by a mother-in-law against her daughter-in-law. The title suggests that the court addressed the applicability…
A Nagpur man has been served with a staggering ₹314 crore tax notice as part of an ongoing investigation into a ₹560 crore hawala scam. The tax demand follows the authorities'…
BSNL has leased out office floors in its Hyderabad facility to the Goods and Services Tax Appellate Tribunal GSTAT on an "as is where is" basis. This arrangement provides…
Criminal contempt action has been sought against BJP MP Nishikant Dubey for his remarks against the Supreme Court and the Chief Justice of India CJI . This development highlights…
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