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GujRERA Gujarat Real Estate Regulatory Authority has taken action against a builder for engaging in pre-bookings of real estate projects. RERA regulations typically prohibit…
BluSmart, an electric vehicle ride-hailing service, has reportedly delayed salaries, citing cash flow issues. This development indicates potential financial challenges for the EV…
Wakefit, a sleep solutions company, is reportedly eyeing an IPO Initial Public Offering of over $200 million and has selected three investment banks to manage the issue. This…
The MCA Ministry of Corporate Affairs imposed a penalty on a company and its directors for failing to maintain a registered office, as required under the Companies Act. This…
NFRA National Financial Reporting Authority has released Series 3 of its Audit Committee-Auditor Interactions. This initiative aims to enhance the quality and effectiveness of…
The Jammu & Kashmir High Court stayed a GST demand raised against Jammu & Kashmir Bank. The reasons for the stay order are not detailed in the title, but it suggests that the bank…
The Allahabad High Court directed Noida to reimburse a penalty imposed under Section 73 of the GST Act, as the GST was initially deposited under the wrong head. The court…
The ITAT Income Tax Appellate Tribunal granted relief to the owner of the Taj Hotel group by setting aside an income tax reassessment action that was initiated. The tribunal found…
The Good Glamm Group is reportedly in talks to sell MissMalini, a lifestyle and entertainment content platform. This potential acquisition would signify a strategic move by the…
Dixon Technologies is set to establish a ₹1,000 crore laptop manufacturing unit in Tamil Nadu. This significant investment boosts electronics manufacturing in the state and aligns…
Mosaic Wellness has raised $20 million at a valuation of $400 million. This funding round indicates strong investor confidence in the wellness startup. The capital infusion will…
CESTAT Customs, Excise, and Service Tax Appellate Tribunal ruled that food sales at PVR Cinemas' counters are generally not taxable as services, except for sales made in the Gold…
The MCA Ministry of Corporate Affairs imposed penalties on a company and its directors for the persistent non-filing of financial statements from FY 2016-17 to FY 2020-21. Filing…
The Patna High Court imposed a cost of ₹50,000 on the Income Tax Department for delayed litigation resulting from an arbitrary adjustment in an income tax Section 143 1 intimation…
The ITAT Income Tax Appellate Tribunal granted a second chance to a fruit trader in a ₹28 lakh demonetization case, citing procedural lapses in the initial assessment. The…
The Kerala High Court directed the disposal of an income tax appeal filed by Amrita Institute of Medical Science regarding the applicability of TDS Tax Deducted at Source…
Kapil Sibal discussed raising ₹43 crore for lawyers through CSR Corporate Social Responsibility initiatives, with contributions from figures like Mukesh Ambani and Torrent. He…
The Rajasthan High Court has ordered the consolidation of the trial in 130 FIRs First Information Reports related to an investment fraud case. This decision aims to streamline the…
The All India Muslim Personal Law Board and the Imam of Bangalore Jama Masjid approached the Supreme Court against the Waqf Amendment Act, 2025. They are challenging the…
The MCA Ministry of Corporate Affairs imposed a penalty of ₹4 lakhs on a company and three of its directors for failing to maintain a registered office, as mandated by the…
CESTAT Customs, Excise, and Service Tax Appellate Tribunal ruled in favor of Indian Oil Corporation, setting aside a penalty in a duty payment case, as it found no evidence of…
The Madras High Court quashed an Input Tax Credit ITC denial under GST for the late filing of GSTR-3B, citing a retrospective amendment to the CGST Act. The court held that the…
MP Mason received an income tax notice for a staggering ₹314.79 crore and alleges identity fraud. This case highlights the severe financial and legal consequences of identity…
ICAI Institute of Chartered Accountants of India has released the Exposure Draft of Standards on Auditing for Limited Liability Partnerships LLPs and has invited public comments.…
The Patna High Court granted a divorce decree to a husband on the grounds of his wife's mental disorder, specifically schizophrenia, under the Hindu Marriage Act. The court…
Urban Company has received board approval to raise INR 528 crore through an Initial Public Offering IPO . This decision marks a significant step for the online home services…
The Bombay High Court sustained a ₹6 crore income tax addition made on account of bogus purchases, utilizing the "peak of purchases" method. This method involves estimating the…
Mohandas Pai voiced strong criticism against the increasing instances of tax harassment and what he termed as regulatory oppression. He highlighted concerns within the business…
The Delhi High Court observed that misbehaviour with opposing counsel in matrimonial disputes is unjustified and can amount to contempt of court. The court emphasized the need for…
Eloelo, a live gaming and entertainment platform, is set to raise INR 114 crore from Play Ventures, Kalaari Capital, and other investors. This significant funding round will fuel…
GujRERA Gujarat Real Estate Regulatory Authority has taken action against a builder for engaging in pre-bookings of real estate projects. RERA regulations typically prohibit…
The Uttar Pradesh government has increased the Dearness Allowance DA rate on basic salary for state employees from 53% to 55%. This hike provides financial relief to state…
The Faridabad Sessions Court denied bail to an accused involved in a ₹23.66 crore GST ITC Input Tax Credit fraud linked to 9 shell firms. The denial of bail suggests the…
An income tax notice was served to a man earning ₹7,500 per month. While the title is brief, a full summary would require knowing the reasons for the notice. It could be due to…
SEBI Securities and Exchange Board of India has raised the disclosure threshold for Foreign Portfolio Investors FPIs . This change in regulations will likely require FPIs holding…
Granules India has completed the acquisition of Swiss CDMO Contract Development and Manufacturing Organization Senn Chemicals AG. This acquisition marks a strategic expansion for…
BYJU'S Alpha, a term loan lender, has filed a lawsuit against BYJU Raveendran and his brothers, Riju and Gokulnath, alleging a fraudulent transfer of $533 million. The lawsuit…
IndiGo has become the world's most valuable airline by market capitalization. This achievement reflects the airline's strong operational performance, efficient cost management,…
Canva has launched its Visual Suite, featuring 20 new AI-powered tools aimed at enhancing content creation. These tools leverage artificial intelligence to streamline design…
Urban Company has received board approval to raise INR 528 crore through an Initial Public Offering IPO . This decision marks a significant step for the online home services…
The Madras High Court ruled that CENVAT Central Value Added Tax credit is not liable to lapse under Rule 11 3 i of the CCR CENVAT Credit Rules when a rebate claim is filed. The…
The Supreme Court ruled that bail cannot be granted in cases of corporate fraud under Section 447 of the Companies Act without satisfying two key conditions. Section 447 deals…
The MCA imposed a penalty of ₹4 lakhs on a company and its directors for the non-filing of Form PAS-3. Form PAS-3 is related to the allotment of shares. The non-filing of this…
The MCA imposed a penalty on a company and its directors for the non-filing of balance sheets for three consecutive years. Filing annual financial statements, including the…
The NCLAT clarified that there is no bar on the Committee of Creditors CoC from seeking multiple modifications or revisions of resolution plans submitted during the corporate…
The Supreme Court upheld the disallowance of Input Tax Credit ITC for a dealer on tax-exempt sales under Section 7 c of the Uttar Pradesh VAT Value Added Tax Act. The apex court…
The NCLAT dismissed IDBI Bank's insolvency plea against Zee Entertainment Enterprises Ltd., citing Section 10A of the IBC, which provided protection against insolvency proceedings…
The Calcutta High Court upheld the action of the Railway Protection Force RPF and income tax authorities in seizing exhibition gold worth ₹4.71 crore at a railway station due to a…
The Delhi High Court stated that procedural issues in tax matters, such as refund delays and non-communication, can be disposed of on the first hearing if the tax department…
The RBI has reduced the repo rate by 25 basis points to 6 percent. This decision by the central bank aims to lower borrowing costs for banks, which is expected to translate into…
GujRERA Gujarat Real Estate Regulatory Authority has taken action against a builder for engaging in pre-bookings of real estate projects. RERA regulations typically prohibit…
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