Sorted by Latest
Zepto has reportedly reached an annualized gross merchandise value GMV of $4 billion in the quick commerce sector. This milestone highlights the rapid growth and scale achieved by…
Noise has secured $20 million in funding from its existing investor, Bose. This follow-on investment by the audio equipment giant demonstrates continued confidence in the Indian…
The Reserve Bank of India RBI has slashed the repo rate by 25 basis points to 6% and shifted its monetary policy stance to accommodative. This reduction in the key lending rate is…
The government notified a major amalgamation of Regional Rural Banks RRBs across six states: Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Uttar Pradesh, and West Bengal. This…
The MCA imposed a penalty on a company and its directors for the non-filing of annual returns for two consecutive years. Filing annual returns is a mandatory compliance…
The CBDT has issued a breaking notification announcing a new ITR form, ITR-B, specifically for the disclosure of income after a search or requisition by the income tax department.…
The MCA Ministry of Corporate Affairs imposed a penalty on a company and its directors for non-maintenance of a registered office. Maintaining a registered office is a mandatory…
The NCLAT held that the NCLT cannot suo moto on its own motion amend the date of default in an insolvency application unless a formal amendment application is filed. The appellate…
Bluestone and Aye Finance have received SEBI's approval for their Initial Public Offerings IPOs . This nod from the capital markets regulator is a crucial step for both companies…
Ecom Express recorded ₹1912 crore in revenue during the first nine months of FY25. This financial performance provides insight into the scale of operations and revenue generation…
The provided link title indicates that the Kerala High Court criticized members of the Red Cross Society. However, the title does not provide specific details about the reasons…
The NCLAT ruled that a breach of a settlement agreement does not bar financial creditors from filing an application under Section 7 of the IBC. The appellate tribunal clarified…
The Supreme Court is scheduled to hear the online gaming industry's plea against the 28% GST on May 5, 2025. This indicates the ongoing legal battle between the online gaming…
The NCLAT upheld the liquidation of Go Airlines Go First . This decision comes after the appellate tribunal considered the resolution efforts and the viability of reviving the…
The NCLAT ruled that an appeal under Section 61 of the IBC can be filed by personal guarantors against an order initiating a Personal Insolvency Resolution Process PIRP . This…
The Himachal Pradesh High Court quashed an assessment order where jurisdiction was transferred without following Section 127 of the Income Tax Act. The court emphasized the…
The Jharkhand High Court ordered a ₹123 crore GST refund to Tata Steel over ITC Input Tax Credit on compensation cess. The court ruled in favor of Tata Steel, directing the tax…
The Supreme Court is considering a plea by the Kerala government against the Governor referring bills to the President, citing a Tamil Nadu case judgment that covers the issue.…
The Gauhati High Court dismissed a Congress candidate's election petition against BJP MP Kripanath Mallah. The court's decision upholds the election of the BJP MP, finding no…
The Supreme Court upheld Piramal's resolution plan for DHFL Dewan Housing Finance Corporation Ltd. . This decision marks a significant step in the resolution of the financial…
The government has constituted interim settlement boards under the Central Excise Act. This move aims to provide a mechanism for the settlement of pending central excise disputes…
The CBDT has issued a deadline alert, reiterating that April 30 is the last day for filing declarations under the Vivad se Vishwas scheme. This serves as a final call for…
CESTAT Customs, Excise, and Service Tax Appellate Tribunal ruled that non-studded silver articles are classifiable as articles of jewellery with nil duty, a win for Kalyan…
The Karnataka High Court quashed criminal proceedings against Air Asia under the pre-amendment Companies Act due to retrospective decriminalization. The court applied the…
The Bombay High Court held that a false promise to marry as per customs does not vitiate consent in a relationship. The court's ruling distinguishes between a false promise of…
The Jammu & Kashmir and Ladakh High Court delivered a ruling regarding the admission and denial of documents under Section 294 of the Criminal Procedure Code CrPC . The court's…
The Income Tax Department, in a crackdown on GST evasion, seized a tobacco-laden truck worth ₹1 crore in Assam. This action highlights the efforts of tax authorities to curb…
The Calcutta High Court stayed the recovery of outstanding GST dues, considering the non-constitution of the GST Appellate Tribunal GSTAT . The court acknowledged the difficulties…
The CBDT has notified HUDCO Housing and Urban Development Corporation Ltd. bonds as a long-term specified asset under Section 54EC of the Income Tax Act for FY 2025-26. This…
The CBDT has notified a new ITR-B form specifically for block assessment in search and seizure cases. This new Income Tax Return form is designed for assessees whose cases are…
The CBDT has notified April 30, 2025, as the last date to file declarations under the Vivad se Vishwas scheme. This scheme provides a mechanism for resolving pending income tax…
The ITAT ruled that a PCIT revision order was not erroneous, upholding the assessment order as the unexplained money matter was properly verified. The tribunal found that the…
The Telangana High Court ordered 6% interest for the delayed payment of ₹80.26 crore price adjustment under a GST-linked works contract. The court recognized the delay in payment…
The Rajasthan High Court upheld income tax proceedings based on WhatsApp chats that revealed transactions worth crores. The court considered the WhatsApp chats as relevant…
The Madras High Court held that a works contract with RVNL for doubling a railway track and allied construction attracts GST. The court clarified the classification of such…
The Karnataka High Court quashed an ex-parte GST order due to non-response to GST notices caused by the father's illness. The court recognized the genuine hardship faced by the…
The ITAT set aside an income tax addition for turnover mismatch due to a lack of evidence. The tribunal also deleted a disallowance under Section 40A 3 as the income was…
The Centre is reportedly finalizing a move to bring online gaming apps under the purview of the Prevention of Money Laundering Act PMLA . This potential regulatory change reflects…
The ITAT restored a matter where the AO added ₹30 crore as unexplained investment, in the interest of justice, with a penalty. The tribunal found it appropriate to give the…
The Karnataka High Court directed consideration of a representation regarding a GST rate hike on a pre-existing work order within eight weeks. The court's directive acknowledges…
The ITAT restored a matter where the AO added ₹30 crore as unexplained investment, in the interest of justice, with a penalty. The tribunal found it appropriate to give the…
Chhattisgarh recorded an 18% growth in GST collection for March 2025. This significant increase indicates positive economic momentum in the state. The higher GST revenue suggests…
Chhattisgarh recorded an 18% growth in GST collection for March 2025. This significant increase indicates positive economic momentum in the state. The higher GST revenue suggests…
The ITAT set aside a CIT A 's ex-parte order passed without notice to the assessee, citing a violation of natural justice. The tribunal emphasized that it is a fundamental…
Over 3.24 lakh individuals filed income tax returns for income above ₹1 crore in FY 2024-25. This data highlights the number of high-net-worth individuals in the country. The…
Maharashtra's GST collection surged to ₹2.25 lakh crore, surpassing the revenue target. This indicates strong economic activity and efficient tax administration in the state. The…
₹1 crore worth of hydroponic ganja was seized at IGI Airport, and two Thai nationals were arrested. This incident highlights the ongoing efforts to combat drug trafficking through…
Neo Asset has marked the first close of its second private credit fund at INR 2000 crore. This milestone indicates strong investor appetite for private credit as an asset class in…
The Centre is considering local storage of Artificial Intelligence AI models to prevent data flow outside India. This potential policy move reflects concerns about data security,…
Eloelo is set to raise INR 114 crore in funding from Play Ventures, Kalaari Capital, and other investors. This significant capital infusion indicates strong investor interest in…
Zepto has reportedly reached an annualized gross merchandise value GMV of $4 billion in the quick commerce sector. This milestone highlights the rapid growth and scale achieved by…
Showing 50 of 42930 updates