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A GST Superintendent in Mumbai fell victim to a fake KYC verification scam, losing ₹1.91 lakhs. The superintendent was deceived into sharing sensitive information under the guise…
The CESTAT has ruled that Airbnb India's marketing and promotional services to Airbnb Ireland qualify as exports, not intermediary services. This distinction is crucial for…
The Allahabad High Court has ruled that filing a certified copy of the appealed order in a GST appeal is procedural, not mandatory. The court clarified that while it is good…
The Enforcement Directorate ED has filed a prosecution complaint against Sonia Gandhi and Rahul Gandhi in the National Herald case. This development signifies a significant step…
The Supreme Court has laid down a "twin test" to resolve copyright-design conflicts under Section 15 2 of the Copyright Act. This test aims to determine when a design registered…
The Madras High Court is examining the Enforcement Directorate's ED "roving inquiry" into TASMAC Tamil Nadu State Marketing Corporation , particularly in the context of upcoming…
Sterling Accuris has acquired a pathology lab in Gujarat. This acquisition is part of Sterling Accuris's expansion strategy in the healthcare sector, specifically in diagnostic…
It has been revealed that Gensol's promoters siphoned funds, using the company's accounts for personal expenses, including a flat in Camellias, golf sets, and foreign trips. This…
The GST Department is targeting restaurants regarding untaxed packaging charges. Authorities are scrutinizing whether restaurants are correctly levying and remitting GST on the…
India has recorded an all-time high of 9.19 crore Income Tax Returns ITRs filed in the Financial Year 2024-25. This significant number reflects a growing level of tax compliance…
The Income Tax Department is intensifying its crackdown on tax evasion by reopening past assessment cases involving fake purchases and bogus invoices. This move aims to identify…
IPO-bound OfBusiness has raised ₹100 crore in a funding round led by Cornerstone Ventures. This pre-IPO funding will likely strengthen OfBusiness's financial position and support…
The CESTAT has allowed Honda's appeal and held that education cess is leviable only on the service tax amount that is both levied and collected. This ruling clarifies the basis…
The CESTAT has overturned a service tax demand against Ultra Tech Cement, faulting the department's calculation method. The tribunal found that the tax authorities had used an…
The CESTAT has allowed JSW Cements' appeal on CENVAT credit for outward transport and set aside the demand, citing the limitation bar. The tribunal held that the tax authorities'…
The Karnataka High Court has directed Google to furnish a bank guarantee of ₹50 crore against a penalty for alleged FEMA violations. This order is part of an ongoing legal battle…
The Income Tax Appellate Tribunal ITAT upheld the invocation of revisional jurisdiction under Section 263 of the Income Tax Act by the Principal Commissioner of Income Tax PCIT .…
The CESTAT has ruled that a customs officer, being a stranger to the sale contract, cannot re-determine the Free on Board FOB value of goods. The tribunal emphasized that the FOB…
Magma has secured $5 million to fuel its industrial solution offerings. This funding will enable Magma to expand its capabilities and provide more comprehensive solutions to…
A village potter in Rajasthan has received an income tax notice. The reasons for the notice are not detailed, but it suggests that the tax authorities have identified some…
The Ministry of Finance has notified the customs tariff value of oil, gold, silver, and areca nuts. These tariff values, also known as "tariff values," are used to determine the…
The Allahabad High Court has granted bail in a rape case, noting that laws are being misused post failed relationships with a retaliatory motive. The court's decision to grant…
The Central Board of Indirect Taxes and Customs CBIC has declared Dholera in Gujarat as an authorized customs location for import and export. This notification designates Dholera…
The Directorate General of Foreign Trade DGFT has updated the fee conditions for Coal Importer's Monitoring System CIMS registration. These updates likely involve changes to the…
The CESTAT has ruled that Airbnb India's marketing and promotional services to Airbnb Ireland qualify as exports, not intermediary services. This distinction is crucial for…
The Ministry of Corporate Affairs MCA has imposed a penalty of ₹3 lakhs on a company and its directors for failing to address auditors' remarks in their board report. Companies…
SEBI has issued an interim order against Gensol and Anmol Jaggi, alleging diversion of funds related to Blusmarth. This regulatory action by SEBI indicates concerns about…
Airtel has partnered with Blinkit to offer doorstep delivery of SIM cards. This collaboration leverages Blinkit's quick commerce platform to provide Airtel customers with a…
upGrad and Seed Group have partnered to launch an AI-powered learning and upskilling platform in the Middle East and North Africa MENA region. This collaboration aims to provide…
The Prime Minister of India laid the foundation stone for a new terminal at Hisar Airport. This development aims to improve air connectivity in the region and boost regional…
For the first time, machines have overtaken humans in the number of trades in the National Stock Exchange's NSE cash market. This milestone reflects the increasing dominance of…
Swiggy has launched a professional services app called Pyng. This new offering from Swiggy expands its business beyond food delivery and into the broader realm of on-demand…
Capital A has launched SanchiConnect Maxcel, an accelerator program specifically designed for manufacturing startups. This initiative aims to support and nurture early-stage…
The Karnataka High Court has directed Google India to deposit a penalty of ₹50 lakh for allegedly flouting forex rules. This directive comes in connection with an investigation or…
The National Payments Corporation of India NPCI held a meeting with banks and fintech apps to address the issue of UPI outages. This meeting was prompted by concerns about the…
Nvidia is collaborating with the United States on the Stargate project, which involves developing AI supercomputers and chips. This initiative signifies a major push to advance…
Tapfin is launching its NBFC arm to boost green financing. This strategic move enables Tapfin to provide financial products and services specifically targeted towards…
The Securities and Exchange Board of India SEBI has barred Gensol's promoters from holding positions as directors. This action by SEBI suggests regulatory concerns regarding the…
OpenAI has released its GPT-4.1 model, which boasts improved coding capabilities, according to Sam Altman. This new iteration of the large language model represents a significant…
The Supreme Court has expressed its objection to an observation made by the Allahabad High Court in a rape case, stating that the rape victim had "invited trouble." The Supreme…
The Department of Telecommunications DoT has directed telecom operators to expedite trials for caller ID display. This initiative aims to implement a system where the identity of…
Edtech startup CENTA has secured INR 20 crore in funding from Colossa Ventures and other investors. This infusion of capital will likely be used by CENTA to fuel its growth plans,…
Sanjeev Kapoor's Wonderchef, a kitchenware company, is reportedly eyeing an Initial Public Offering IPO at a valuation of ₹1800 crore. This potential IPO indicates Wonderchef's…
New-age technology stocks experienced a surge as markets reacted positively to a pause in US tariffs. This market movement reflects the sensitivity of tech stocks to global trade…
MoEngage, a customer engagement platform, is reportedly in talks to raise $150-180 million, with Avendus acting as the advisor. This potential funding round indicates strong…
Clevertap, a customer data and engagement platform backed by Tiger Global, has acquired Rehook.ai. This acquisition signifies Clevertap's strategic move to enhance its AI…
Google has reportedly hired AI engineers and is paying them even during an "idle year." This suggests that Google is making a strategic investment in acquiring top talent in the…
The Supreme Court has granted bail to former IAS officer Anil Tuteja in the Chhattisgarh liquor scam case being investigated by the Enforcement Directorate ED . The reasons for…
The Supreme Court has granted bail to Punjab Congress leader Sadhu Singh Dharamsot in a case registered under the Prevention of Money Laundering Act PMLA . Dharamsot was arrested…
The Enforcement Directorate ED has filed a chargesheet against Rahul Gandhi and Sonia Gandhi in the National Herald case. A chargesheet is a formal complaint filed by an…
A GST Superintendent in Mumbai fell victim to a fake KYC verification scam, losing ₹1.91 lakhs. The superintendent was deceived into sharing sensitive information under the guise…
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