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CRED, a fintech platform known for its credit card bill payment services, is reportedly looking to raise up to $200 million in a new funding round, but with a steep cut in its…
Okinawa Autotech Pvt Ltd, an electric two-wheeler manufacturer, experienced a significant 87% nosedive in its revenue, falling to ₹182 crore in FY24. This sharp decline indicates…
The Andhra Pradesh High Court is dealing with a case involving visitation rights for a son who is a witness against his father in a legal matter. The specifics of the case likely…
The Income Tax Appellate Tribunal ITAT restricted the addition of income to 25% in a case where the assessee failed to establish the source of certain income. While the assessee…
The Income Tax Appellate Tribunal ITAT has allowed NDTV's business expense claims and quashed a disallowance made under Section 14A of the Income Tax Act. Section 14A relates to…
The Madras High Court has held that a GST assessment order issued against a deceased person is unsustainable in law. The court reiterated the fundamental legal principle that…
The Madras High Court has dismissed a writ petition against income tax proceedings, advising the petitioner to await the outcome of the statutory appeal before approaching the…
The Madras High Court has ruled that GST interest and penalty are not applicable on Input Tax Credit ITC that was reversed but never actually availed or utilized from the date of…
NTPC, a major power generation company in India, sourced 3 million tonnes of coal in six months from commercial miners under a new procurement model. This indicates a strategic…
The Haryana Real Estate Regulatory Authority RERA has directed Savyasachi Infrastructure to refund the amount with interest to a complainant who had booked a commercial unit in…
The Income Tax Appellate Tribunal ITAT has directed that cash deposits made during demonetization should be taxed at the normal 30% rate, citing Section 115BBE of the Income Tax…
The Allahabad High Court has held that no adverse inference can be drawn against a purchasing dealer regarding Input Tax Credit ITC merely because the seller's GST registration…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has ruled that there is no reverse charge liability on a tour operator when the taxi operators providing services to…
Following an Income Tax Appellate Tribunal ITAT ruling on the non-taxability of capital gains from mutual fund investments of non-residents, the Managing Director of Kotak…
The Allahabad High Court has ruled that GST authorities must draw samples of goods before concluding that they have been misrepresented, and subsequently quashed a detention…
The Goods and Services Tax GST Department is reportedly probing restaurants listed on online food delivery platforms like Zomato and Swiggy over alleged unpaid tax on packaging…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has ruled against Infosys, stating that updates and upgrades provided under an Annual Technical Support ATS invoice…
The Union Minister of Steel has criticized the Karnataka government for allegedly burdening citizens with high taxes. While the specific taxes and the context of the criticism are…
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 Kerala High Court has held that interest received on delayed compensation for compulsory acquisition of agricultural land should be classified as capital gain for tax…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT quashed an order denying a service tax refund based on an address mismatch, finding that the change of address was…
The Income Tax Appellate Tribunal ITAT has ruled that an assessment issued in the name of a deceased person is invalid and has remanded the case for fresh adjudication. The…
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 Income Tax Appellate Tribunal ITAT accepted the source of cash deposits made during demonetization as sales from an Amul parlour, thereby deleting the addition made by the…
The Ministry of Finance has issued clarifications regarding the applicability of Goods and Services Tax GST on apartment maintenance charges, addressing the confusion among…
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…
During a hearing at the Madras High Court regarding the ED's inquiry into TASMAC, the state of Tamil Nadu outlined its position on cooperating with the investigation. The…
CRED, a fintech platform known for its credit card bill payment services, is reportedly looking to raise up to $200 million in a new funding round, but with a steep cut in its…
The Chhattisgarh High Court has ruled that pension is a hard-earned benefit and should be considered as property under Article 300-A of the Constitution of India. The court…
The Karnataka Real Estate Regulatory Authority RERA has held Ozone Urbana Infra Developers liable for failing to complete and hand over a plotted development to a buyer. The…
The Haryana Real Estate Regulatory Authority RERA has directed Savyasachi Infrastructure to refund the amount with interest to a complainant who had booked a commercial unit in…
The Allahabad High Court has addressed a case concerning the cancellation of a seller's registration and the grant of Input Tax Credit ITC . The ruling likely pertains to the…
The Kerala High Court has ruled that the detention of goods under Section 129 of the GST Act for undeclared goods is valid. However, the court also directed the release of the…
The Kerala High Court has held that the time to deposit the balance e-auction bid amount can be extended under Article 226 of the Constitution in exceptional cases. The court…
The Income Tax Appellate Tribunal ITAT has directed that cash deposits made during demonetization should be taxed at the normal 30% rate, citing Section 115BBE of the Income Tax…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has ruled in favor of BSNL, stating that materials used in mobile tower installation qualify as 'inputs' under Rule 2…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has ruled against Infosys, stating that updates and upgrades provided under an Annual Technical Support ATS invoice…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has ruled that the process of crushing chillies into powder does not constitute 'manufacture' under the Central…
The Kerala High Court quashed proceedings under the Prevention of Corruption PC Act against a GST Intelligence Officer who was accused of demanding ₹1.5 crores as illegal…
The Kerala High Court has ruled that a college supplying food through a canteen run by an educational trust must register under the Kerala Value Added Tax KVAT Act. The court held…
The Jharkhand High Court granted relief to Castrol India Ltd., holding that the rejection of withholding tax refunds beyond the prescribed period without any valid justification…
The Madras High Court has stated that goods exempted from customs duty may still be subject to the levy of additional duty. This observation clarifies that a customs duty…
The Kerala High Court has ruled that the sale of lottery tickets does not fall under the definition of 'auxiliary service' and therefore, service tax is not payable on it. The…
The Income Tax Appellate Tribunal ITAT has ruled that capital gains arising from mutual fund investments made by non-residents are not taxable in India. This decision provides…
The Income Tax and GST departments in India are collaborating to reopen old income tax assessments based on discrepancies found in GST invoices and instances of fake Input Tax…
Dabur's popular digestive tablet, Hajmola, has come under the scrutiny of the Goods and Services Tax GST authorities, leading to uncertainty about its applicable tax rate. The…
Karnataka's apartment owners are facing a potential financial strain as the Goods and Services Tax GST authorities have imposed an 18% tax on maintenance fees. This decision has…
Over 9.19 crore Income Tax Returns ITRs were filed in India for the Financial Year 2024-25 by the deadline of March 31, 2025. This significant number indicates a high level of tax…
The Kerala High Court is currently addressing matters related to the Karuvannur Service Cooperative Bank scam, with police investigations underway. The case involves allegations…
The Supreme Court has directed the Chandigarh Administration to refund the forfeited bid amount to a party involved in an arbitration related to a film city project. The court…
CRED, a fintech platform known for its credit card bill payment services, is reportedly looking to raise up to $200 million in a new funding round, but with a steep cut in its…
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