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The Indian government is set to sell a 4.83% stake in defence PSU Mazagon Dock through an Offer for Sale OFS . This move aims to increase government revenue and promote public…
Kissht is reportedly eyeing a $225 million IPO and plans to file draft papers by June. This move indicates Kissht's ambition to expand its financial services. The IPO will provide…
Ola Electric is piloting same-day registration and delivery of its electric vehicles EVs . This initiative aims to streamline the customer experience and accelerate EV adoption.…
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 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 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 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 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…
Coworking space provider DevX refiled its Draft Red Herring Prospectus DRHP and increased its fresh issue size. This move indicates DevX's plans for an Initial Public Offering IPO…
Defence tech startup Tonbo Imaging secured INR 175 crore in funding. This investment will support Tonbo Imaging's development of advanced imaging technologies for defense…
FurtherAI, a startup founded by TurboHire co-founder Aman Gour, has raised $5 million. This funding will support the development of FurtherAI's artificial intelligence solutions.…
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 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 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 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…
E-waste recycler Attero is nearing ₹450 crore in revenue in FY24. This financial performance reflects Attero's growth and success in the e-waste recycling sector. It highlights…
The Madras High Court refused to quash a chargesheet against MA Subramanian. This decision allows the legal proceedings to continue. The ruling underscores the court's commitment…
The Punjab and Haryana High Court refused to expunge a remark against a police officer passed by a trial court. The remark implicated the officer in framing innocents in a rape…
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…
The Allahabad High Court addressed the ruling on the validity of documents and witness testimony. The court emphasized the importance of thorough examination and scrutiny. This…
The Delhi High Court addressed the issue of a rape victim's DNA test for paternity, emphasizing the need for consent. The court's ruling underscores the importance of protecting…
The Gujarat High Court granted bail to a father in a son murder case. The court considered the specific circumstances and evidence presented. This decision highlights the court's…
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 Supreme Court ruled that workers cannot be denied bonus under the Payment of Bonus Act by claiming factories are run by charitable trusts. The court emphasized that the nature…
Finance Minister Nirmala Sitharaman clarified that financial institutions cannot charge any fees for updating or modifying details in Public Provident Fund PPF accounts. This…
The Income Tax Appellate Tribunal ITAT upheld the deduction of interest on a loan for share acquisition as a business expense, rejecting its disallowance. The ITAT ruled that 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…
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 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…
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…
Scapia has raised $40 million in a Series B funding round led by Peak XV. This funding will support Scapia's expansion and development of its financial services. The investment…
The Income Tax Appellate Tribunal ITAT ruled that wrong clause selection is not fatal to proceedings and granted a fresh opportunity for AA registration. The ITAT emphasized that…
The Directorate General of Foreign Trade DGFT has notified the inclusion of LCS Darranga as an authorized food import entry point. This decision aims to facilitate smoother and…
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 Kerala High Court ruled that once arbitration has commenced, parties must wait until the award is pronounced, unless an appeal is available under Section 37 of the Arbitration…
The Income Tax Appellate Tribunal ITAT quashed the Principal Commissioner of Income Tax's PCIT order under Section 263 against Bharti Airtel, holding that interest and penalty on…
The Supreme Court has brought closure to a 50-year-long dispute regarding the undervaluation of shares by Chartered Accountant CA firms. The court ordered that simple interest be…
The Income Tax Appellate Tribunal ITAT rejected the addition of Long Term Capital Gain LTCG from shares as unexplained cash credit due to a lack of evidence. The ITAT emphasized…
The Central Board of Direct Taxes CBDT has successfully recovered ₹92,400 crore in outstanding tax for the financial year 2024-25. This achievement reflects the department's…
The Finance Ministry has clarified that there will be no new 5% GST imposed on food delivery apps. This announcement addresses concerns and speculations regarding potential tax…
The Indian government is set to sell a 4.83% stake in defence PSU Mazagon Dock through an Offer for Sale OFS . This move aims to increase government revenue and promote public…
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