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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'…
The Indian ice cream industry is appealing to the government for GST relief, advocating for a lower tax rate by citing the nutritional value and affordability of their products.…
The Allahabad High Court has ruled that merely downloading Part A of the e-way bill without completing Part B does not absolve the transporter of liability under the GST Act. The…
The Karnataka High Court ruled on the recording of additional evidence under Section 391 of the Criminal Procedure Code CrPC . While the specific details of the ruling are not…
The Chattisgarh High Court ruled on the acquittal of an accused in an offense of adultery with an unmarried woman under Section 497 of the Indian Penal Code IPC . While the…
The Jharkhand High Court held that GST authorities cannot deny a refund of pre-deposit on grounds of limitation. The court likely reasoned that the pre-deposit is a statutory…
The Punjab and Haryana High Court held that when a breach of contract is explained, a harsh penalty like blacklisting should not be imposed, especially if it impacts employment…
The NCLAT National Company Law Appellate Tribunal ruled that the Adjudicating Authority NCLT cannot presume interest on the principal amount in the absence of an express agreement…
The Central Board of Indirect Taxes and Customs CBIC has issued detailed instructions for the streamlined processing of Goods and Services Tax GST registration applications. These…
The Income Tax Appellate Tribunal ITAT ruled that exempt long-term capital gains LTCG under the India-Mauritius Double Taxation Avoidance Agreement DTAA cannot be adjusted against…
The Ministry of Corporate Affairs MCA has penalized a company and its directors for defaulting on the mandatory appointment of a woman director on its board. This action…
The NCLAT National Company Law Appellate Tribunal held that the date of default pleaded under Section 7 of the IBC Insolvency and Bankruptcy Code cannot be changed automatically…
The Supreme Court convicted a constable who opened fire at his colleagues over a dispute regarding the quality of food served in the Diwali mess. The apex court overturned the…
The Allahabad High Court expressed concern over the increasing trend of breakups leading to the filing of rape cases, particularly after uncommitted sexual relationships. The…
The Bar Council of India BCI demanded action following the assault on its Co-Chairman, Y.R. Sadasiva Reddy, inside his chamber. This incident raises serious concerns about the…
Wow! Momo has raised between ₹130-150 crore in a funding round led by Haldiram's Kamal Agrawal and Khazanah. This investment indicates continued investor confidence in the…
The CESTAT held that the principle of mutuality exempts clubs from service tax on transactions with their members, but refunds must still clear the test of unjust enrichment. The…
The CESTAT confirmed the excise duty demand and penalty on a manufacturer of "Jarda" scented tobacco, holding that it was misclassified as chewing tobacco to evade excise duty.…
The Delhi High Court granted relief to Suzuki India, allowing the refund of Special Additional Duty SAD despite the filing being beyond the one-year limitation period. The court…
Ahead of its anticipated mega IPO, PhonePe has converted into a public entity. This conversion is a standard procedural step for companies planning to go public, signifying its…
Sachin Tendulkar, along with other investors, has invested $18 million in Rayzon Solar at a valuation of $844 million. This investment reflects the growing interest in the…
NPCI National Payments Corporation of India is planning a new feature that will allow users to save their UPI Unified Payments Interface IDs on merchant platforms. This initiative…
Good Monk, a D2C direct-to-consumer nutrition startup, has secured $2 million in funding. This investment highlights the growing venture capital interest in the D2C space,…
The Supreme Court set aside a Delhi High Court order that directed the takedown of content in the ANI Asian News International vs. Wikipedia case. The apex court's decision…
The CESTAT quashed a service tax demand on renting income for the period before 2010, holding that the retrospective amendment lacked the intent to suppress income. The tribunal…
The ITAT condoned a 27-day delay and accepted a trust's appeal under Section 80G of the Income Tax Act, following a CBDT circular. The tribunal took a lenient view of the delay,…
The Jammu & Kashmir High Court is hearing the Makhan Din death case, which involves allegations of police torture. This indicates ongoing judicial scrutiny into the circumstances…
Gensol's lenders are reportedly considering legal avenues to recover their loans. This indicates potential financial distress faced by Gensol Engineering, possibly leading to…
Eternal, a company in the energy sector, is planning to cap foreign ownership in the company at under 50%. This decision could be driven by various strategic or regulatory…
Justdial reported a significant 36% year-on-year jump in its Q4 profit, reaching ₹158 crore. This strong financial performance indicates positive growth and operational efficiency…
PhonePe has converted into a public company ahead of its anticipated IPO Initial Public Offering . This transformation from a private limited company to a public limited company…
Three independent directors of Gensol Engineering have tendered their resignations, including those from its subsidiary, BluSmart. The resignations of multiple independent…
The Madras High Court commented that the allegation of harassment made by the Enforcement Directorate ED against TASMAC Tamil Nadu State Marketing Corporation officials appeared…
Wow! Momo has raised between ₹130-150 crore in a funding round led by Haldiram's Kamal Agrawal and Khazanah. This investment indicates continued investor confidence in the…
Good Monk, a D2C direct-to-consumer nutrition startup, has secured $2 million in funding. This investment highlights the growing venture capital interest in the D2C space,…
The NCLAT National Company Law Appellate Tribunal set aside the NCLT's National Company Law Tribunal order on BCCI's Board of Control for Cricket in India plea regarding a…
Razorpay has turned into a public entity amidst a reverse flipping trend in India. This conversion to a public limited company is a procedural step, potentially preceding a public…
Medikabazaar's CEO has denied allegations of being ousted due to fraudulent activities. This statement comes in response to reports or rumors suggesting his removal was linked to…
HMEL HPCL-Mittal Energy Limited has signed a Memorandum of Understanding MoU with IIT Kanpur to boost innovation in sustainable energy technologies. This collaboration aims to…
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…
ITC is set to increase its stake to 100% in Mother Sparsh, a D2C ayurvedic and natural personal care brand, by acquiring the remaining 40% stake. This acquisition signifies ITC's…
PhonePe has converted into a public company ahead of its anticipated IPO Initial Public Offering . This transformation from a private limited company to a public limited company…
HMEL HPCL-Mittal Energy Limited has signed a Memorandum of Understanding MoU with IIT Kanpur to boost innovation in sustainable energy technologies. This collaboration aims to…
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…
Sitharaman, the Finance Minister, is set to assess the consolidation of Regional Rural Banks RRBs as the "one state, one RRB" policy takes effect. This assessment will likely…
Suspicious cross-border Unified Payments Interface UPI transactions have triggered a forensic audit at Karnataka Bank. The audit aims to investigate the nature and volume of these…
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…
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…
India's auto sector witnessed $1.5 billion in mergers and acquisitions M&A deals in the first quarter of 2025, despite a lull in Initial Public Offerings IPOs . This significant…
The ITAT remanded a ₹5.41 crore TDS disallowance related to a US remittance for reassessment under the India-US Double Taxation Avoidance Agreement DTAA . The tribunal observed…
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'…
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