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An egg seller in Madhya Pradesh received a ₹6 crore GST notice for a bogus Delhi company. This case highlights the issue of fraudulent GST practices. The notice underscores the…
Japan and India have signed ₹10,945 crore loan agreements under Japan’s Official Development Assistance. This agreement supports development projects in India. It strengthens…
The cabinet has approved an increase in government employees’ dearness allowance, costing an additional ₹6,614 crore annually. This decision aims to provide financial relief to…
CESTAT ruled student almanacs and teacher planners are not subject to excise duty. The Customs, Excise, and Service Tax Appellate Tribunal CESTAT made this ruling, clarifying that…
The ICAI has announced an online panel of experts for addressing bank branch audit queries. This initiative aims to provide timely support to auditors. It enhances the efficiency…
The Madras High Court has ruled that a specific provision under Section 40A 7 b prevails over Section 43B in approved gratuity fund deduction. This ruling clarifies the hierarchy…
The ITAT has remanded a case for de novo adjudication, emphasizing the importance of proper compliance by the assessee during the assessment stage. This ruling underscores the…
The ICAI has issued a guidance note on financial statements of non-corporate entities, outlining changes that Chartered Accountants CAs should look out for. This guidance aims to…
The Postal Imports Regulations 2025 introduce new rules for clearing international parcels via post. These regulations aim to streamline the import process. It provides clarity on…
The Central Board of Indirect Taxes and Customs CBIC has extended the deadline for sensitive cargo declarations under sea cargo regulations to May 31, 2025. This extension aims to…
The ITAT ordered the deletion of an addition on cash deposits during demonetization. This decision clarifies the tax treatment of cash deposits during a specific period. It…
The NCLT has ruled that a corporate debtor is not barred from raising a pre-existing dispute even in the absence of a reply within the period under Section 8 of the IBC. This…
The CBDT has recovered unpaid taxes worth ₹92,400 crore. This achievement highlights the CBDT’s efforts to enforce tax compliance. The recovery of such a substantial amount…
The Delhi High Court has provided relief to Lufthansa Airlines by setting aside an order denying a nil TDS certificate. This ruling addresses issues related to tax compliance for…
The NCLT has ruled that any default falling within Section 10A of the IBC must be excluded from the total outstanding debt. This decision clarifies the application of Section 10A,…
The Bombay High Court has ruled that legal action is not initiable over any claims that are not included in the resolution plan. This ruling clarifies the implications of approved…
The Gurugram court granted bail in a GST ITC fraud case, as the alleged individual gains fell below the ₹5 crore threshold. This decision highlights the court’s consideration of…
The Rajasthan High Court issued a judgment regarding employee regularization. This case involves labor laws and employment rights. The court’s ruling clarifies the criteria for…
The ITAT accepted an assessee’s joint agricultural income claim, setting aside an addition of ₹2,618,834. This ruling clarifies the tax treatment of joint agricultural income. It…
The NCLT has ruled that a petition under the IBC against a corporate guarantor is not allowable without proper establishment of a valid delivery of a guarantee invocation notice.…
The NCLT has ruled that the imposition of a moratorium prevents pre-Corporate Insolvency Resolution Process CIRP tax dues from being recovered during the CIRP. This ruling…
Following ED raids, the Bihar government has sacked a building construction department chief engineer after ₹11.64 crore cash was seized. This action highlights the government’s…
The Finance Ministry has ruled out abolishing the Long-Term Capital Gains LTCG tax despite market volatility. This decision aims to maintain a stable tax regime and ensure…
Haldiram’s has inked a strategic investment pact with Singapore-based Temasek. This deal signifies a major investment in the Indian food processing industry, indicating strong…
The CBDT has waived interest on TDS and TCS delays due to technical glitches, providing major relief for taxpayers. This decision acknowledges the challenges posed by system…
The Income Tax Department has updated its Excel-based utilities for Income Tax Returns ITRs and audit forms. These updates aim to streamline the filing process for taxpayers and…
Afreeq commends the Ministry of Justice RERA for modernizing the property sector. This commendation highlights the positive impact of regulatory reforms on the real estate sector…
The government plans to convert Vodafone Idea’s ₹36,950 crore spectrum dues into equity. This move aims to alleviate the financial burden on Vodafone Idea, a major player in…
Freshworks’ Girish Mathrubootham described his book as his "life story, not a business book." This statement underscores the personal and emotional narrative that drives his…
Bengaluru has started drone deliveries three years after the initial announcement. This long-awaited development marks a significant milestone in the adoption of advanced…
The Andhra Pradesh High Court issued a ruling regarding urgent notices under Order 39 Rule 1 of the Civil Procedure Code CPC . This case involves procedural aspects of civil…
The Telangana High Court ruled that cohabitation built on deception, without a proven customary divorce from the first wife, amounts to rape. This ruling addresses complex issues…
The Supreme Court ruled that giving an arrest memo is not the same as supplying grounds of arrest, setting aside the arrest and remand. This ruling underscores the importance of…
The Supreme Court clarified that Article 311 doesn't mean only the appointing authority can initiate disciplinary action against a government servant. This ruling addresses the…
The NCLT Hyderabad ruled that a moratorium bars the recovery of pre-Corporate Insolvency Resolution Process CIRP tax dues during the CIRP. This ruling clarifies the scope of the…
The NCLT Mumbai ruled that a petition under Section 7 of the IBC against a corporate guarantor cannot be admitted unless a valid delivery of the guarantee invocation notice is…
The Bombay High Court held that claims as provided in a resolution plan duly approved by the adjudicating authority under Section 31 of the IBC shall stand frozen. This ruling…
The Delhi High Court deemed the prolonged detention of export goods by customs as completely unacceptable, despite the department's circular. This ruling addresses issues of…
The Delhi High Court criticized the CBIC for a cryptic order denying duty drawbacks to Vedanta, despite its own instructions allowing retrospective benefit. This ruling addresses…
The CESTAT ruled that student almanacs and teacher planners are not exigible to excise duty. This decision clarifies the classification of educational materials for tax purposes.…
The Delhi High Court upheld a CESTAT order, stating that non-payment of service tax by a sub-contractor due to uncertainty is not a willful misstatement or fraud. This ruling…
The ITAT exempted tax on ₹15 crore granted to Kapil Dev by the BCCI in recognition of his services to cricket. This ruling clarifies the tax treatment of awards and recognitions.…
Justice Nirmal Yadav was found not guilty in the cash-at-judges-door case by the Punjab & Haryana High Court. The CBI investigated allegations of judiciary corruption. This ruling…
The Supreme Court acquitted a man in a 30-year-old murder case, noting that prior enmity can indicate motive but also raise the possibility of false accusation. This ruling…
The Supreme Court directed the DDA Vice Chairman to explain non-compliance with orders to take action against illegal structures on public land. This ruling underscores the…
The Supreme Court quashed an abetment to suicide case against business partners, stating that the instigation must have close proximity to the suicide. This ruling clarifies the…
The Supreme Court emphasized that police are constitutionally bound to protect freedom of expression and that states should sensitize officers on constitutional ideals. This…
The Supreme Court issued a notice challenging the West Bengal Taxes on Entry of Goods Act. This legal action addresses the validity of state taxes on goods entering West Bengal.…
The Supreme Court criticized the Punjab Police for a poor investigation into a wife's affair and unnatural death, constituting a Special Investigation Team SIT . This ruling…
The Delhi High Court clarified that the power under Article 226 to challenge a judgment passed under Section 34 of the Arbitration Act is exercised in exceptional cases of no…
An egg seller in Madhya Pradesh received a ₹6 crore GST notice for a bogus Delhi company. This case highlights the issue of fraudulent GST practices. The notice underscores the…
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