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The ITAT upheld the disallowance of depreciation on goodwill, considering it an intangible asset eligible for deduction under Section 32 of the Income Tax Act. The tribunal's…
GST collections in Uttar Pradesh reached ₹10,000 crore in March, reportedly fueled by the Maha Kumbh. The significant increase in GST revenue indicates robust economic activity in…
Finance Minister Nirmala Sitharaman clarified that there will be no cut in capital expenditure. This announcement aims to reassure stakeholders and maintain economic momentum. The…
The RBI has proposed new regulations for export and import transactions under FEMA. These proposed regulations aim to streamline procedures and update the framework for…
The Maharashtra Real Estate Appellate Tribunal REAT has ruled that a trade centre building in Mumbai's BKC must register under RERA. This decision clarifies the applicability of…
The Delhi High Court imposed a cost of ₹25,000 on Shazia Ilmi for suppression of facts in a case against Rajdeep Sardesai. The court penalized Ilmi for not disclosing relevant…
The Kerala High Court is addressing a case related to the suicide of an intelligence officer's girlfriend, with an interim order in place. Details of the interim order and the…
The Punjab and Haryana High Court awarded ₹5 lakh compensation to a man whose land had been arbitrarily targeted for acquisition by the Haryana government since 1962. The court…
The government has reported that over 2500 metric tonnes of EV battery waste have been collected in the last three years. This data highlights the growing issue of managing waste…
The Orissa High Court has ruled that children from a void marriage can claim ancestral property under Section 16 of the Hindu Marriage Act. This decision provides clarity on the…
The Punjab and Haryana High Court ruled that compensation for an accident cannot be denied simply because the claimant was driving a 'jugaad' vehicle without a registration…
The Andhra Pradesh High Court has ruled that the identity of an Investigation Officer IO should not be disclosed in matters involving public funds unless absolutely necessary. The…
The Madras High Court is addressing a plea by the Tamil Nadu government against a ban on online gaming and the right of parental consent. The court is examining the legality and…
The Punjab and Haryana High Court clarified that it is not mandatory for courts to conclude that an accused has not committed an offense when granting bail under the Prevention of…
The Gujarat High Court addressed a case concerning custody under the Hindu Marriage Act HMA and the Guardians and Wards Act. The court's decision provides clarity on the legal…
The Allahabad High Court refused to quash the summoning order against Lok Sabha LOP Rahul Gandhi in a defamation case related to Savarkar. The court found no grounds to set aside…
The Calcutta High Court ruled that merely because either parent is non-tribal, a child cannot be denied a Scheduled Tribe certificate. This decision protects the rights and…
The Madhya Pradesh High Court raised concerns about the exorbitant professional fee charged by the Advocate General. The court's observation highlights the issue of transparency…
The Kerala High Court addressed a case involving S. K. Sreenivasan, PFI, and UAPA. Details of the specific ruling and context are not available from the provided link.
The Madras High Court emphasized that Article 19 guarantees freedom of speech and dissent, which cannot be stifled. This ruling underscores the importance of fundamental rights in…
The Supreme Court questioned the Delhi government about denying workers' allowances, asking which law states that bank accounts cannot be operated without Aadhaar. This query…
The Madras High Court ruled that a works contract for track doubling infrastructure under Rail Vikas Nigam Limited RVNL is liable to 12% GST. The court clarified the applicable…
The Supreme Court ruled that an application under Section 34 of the Arbitration Act filed on the next working day after the 90-day period is within the limitation period. The…
The Supreme Court is probing the locus standi of customs officers to file a Public Interest Litigation PIL against Abhishek Banerjee's wife concerning a 2019 incident. The court…
GSTN has issued an advisory on case sensitivity in Invoice Reference Number IRN generation. The advisory clarifies that IRNs are case-sensitive, and taxpayers need to ensure…
The Enforcement Directorate ED reportedly conducted a raid at the office of 'Empuraan' producer Gokulam Gopalan over alleged FEMA violations. This action suggests an ongoing…
BBMP has implemented a new garbage tax to cover the solid waste management user fee, commencing April 1st. This tax aims to ensure financial sustainability for the city's waste…
CESTAT ruled that pendants labeled as jewelry are not exempt from excise duty if their gold purity cannot be distinguished. The tribunal reasoned that without a clear…
Anil Ambani withdrew his urgent hearing petition in an income tax case after the Bombay High Court indicated its disapproval and imposed costs for creating artificial urgency. The…
Poonam Gupta has been appointed as a Deputy Governor of the Reserve Bank of India RBI , becoming the first woman to hold this position in over a decade. This appointment…
In a CBI corruption case, the Madras High Court sentenced two former Debt Recovery Tribunal DRT officials to 5 years of rigorous imprisonment. The court found them guilty of…
The CBIC has notified a change in the effective date of the Postal Imports Regulations 2025. This notification alters the timeline for the implementation of the new regulations…
The Uttarakhand High Court criticized the GST department for arbitrary actions against businesses prior to the issuance of a Show Cause Notice SCN . The court emphasized the…
The ITAT ruled that reassessment under Section 147 of the Income Tax Act based on a mere change of opinion is invalid. The tribunal emphasized that reassessment requires new…
Reports suggest that President Trump's "Liberation Day Tariffs" are reshaping global trade, with India showing resilience amidst higher duties. These tariffs, likely imposed by…
The ITAT upheld the disallowance of depreciation on goodwill, considering it an intangible asset eligible for deduction under Section 32 of the Income Tax Act. The tribunal's…
US President Trump has reportedly hit India with a "discounted reciprocal tariff." This trade action implies that the US is imposing tariffs on Indian goods, potentially at a rate…
The NCLAT upheld the liquidation order for Go First but left open a narrow window for potential revival. This decision indicates the tribunal's view on the airline's current…
Finance Minister Nirmala Sitharaman clarified that there will be no cut in capital expenditure. This announcement aims to reassure stakeholders and maintain economic momentum. The…
GST collections in Uttar Pradesh reached ₹10,000 crore in March, reportedly fueled by the Maha Kumbh. The significant increase in GST revenue indicates robust economic activity in…
The Income Tax Department has enabled rectification applications for Assessment Year 2023-24 via the e-filing portal. This allows taxpayers to correct any errors or discrepancies…
The NCLAT held that an appeal under Section 61 of the IBC is maintainable against an order passed by the NCLT under Section 100, initiating the insolvency process against personal…
The NCLT Mumbai bench ruled that the submission of a default record is not compulsory for initiating the Corporate Insolvency Resolution Process CIRP . This decision clarifies the…
The NCLAT held that all assets reflected in the balance sheet of a corporate debtor form part of the liquidation estate under Section 36 of the IBC. This clarifies the scope of…
The Supreme Court clarified that under Section 61 of the IBC, when a judgment is pronounced in open court, the limitation period for filing an appeal runs from that day, not…
The NCLAT ruled that the Adjudicating Authority NCLT cannot accept the report of the Resolution Professional RP mechanically but must conduct its own independent assessment under…
The Tamil Nadu government has approached the Supreme Court seeking to transfer its plea against the ED raid of TASMAC offices from the Madras High Court. The state government's…
The Supreme Court called out the state's unpreparedness for the final hearing of pleas challenging the acquittal of Nithari Kand accused Surendra Koli. The court expressed its…
The Supreme Court explained the principles of de-escalation and escalation under the Land Acquisition Act. The court's clarification provides guidance on how compensation is…
The Delhi High Court addressed a defamation case involving ANI and Wikipedia concerning content related to an intermediary. The court's ruling touches upon the responsibilities of…
The ITAT upheld the disallowance of depreciation on goodwill, considering it an intangible asset eligible for deduction under Section 32 of the Income Tax Act. The tribunal's…
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