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The Finance Ministry has empanelled B.A.V. Srinivasa Rao and Lalit Prasad as Principal Commissioners of the Central Board of Indirect Taxes and Customs CBIC on an ad-hoc basis.…
IndusInd Bank is facing a significant GST penalty amounting to crores of rupees. This penalty indicates potential non-compliance with GST regulations. The situation highlights the…
Recent changes to land registration laws in Rajasthan, India's leading solar state, are expected to increase the costs and delay renewable energy projects. Companies must now pay…
The Supreme Court ruled that a delay in recording witness statements under Sections 161/164 CrPC is not fatal if there is an adequate explanation. The court emphasized the…
The Supreme Court criticized the Uttarakhand government for not paying promised ex-gratia for a doctor shot dead in a hospital. The court ordered ₹1 crore compensation. It…
The Supreme Court ruled that concealing a drinking habit justifies the rejection of a health insurance claim for alcohol-related hospitalization. The court emphasized the…
The Supreme Court clarified that delivery of possession is not essential to validate a gift/settlement. It also ruled that a gift document cannot be unilaterally cancelled by the…
The Supreme Court held that failure to acknowledge a Section 80 CPC notice or communicate a stand may lead to an adverse inference against the government. The court emphasized the…
Mad Over Donuts MOD faces a ₹100 crore GST notice for allegedly misclassifying donuts as restaurant services 5% GST instead of bakery products 18% GST . Congress leader Jairam…
The Reserve Bank of India RBI conducted a $10 billion, 3-year dollar/rupee buy-sell swap auction to increase rupee liquidity, which was oversubscribed by over two times. The set…
Groyyo has acquired a 51% stake in US-based Oussum. This strategic acquisition aims to expand Groyyo's market presence and strengthen its global operations. The move reflects…
The Punjab and Haryana High Court addressed the applicability of the Bharatiya Nyaya Sanhita BNSS to criminal pleas filed after July 1, 2024. The court is determining the…
The Bombay High Court held that a spouse threatening or attempting suicide constitutes cruelty, providing grounds for divorce. The court recognized the severe emotional distress…
The Andhra Pradesh High Court clarified that proceedings before a Registrar under Section 62 of the APCS Act are not arbitration proceedings. It ruled that the provisions of the…
The Madras High Court ruled that a party nominating an arbitrator in response to a notice under Section 21 of the Arbitration and Conciliation Act is prohibited from raising a…
The Punjab and Haryana High Court declared Section 3G of the National Highway Act as unconstitutional, citing a violation of Article 14 of the Constitution. The court found that…
The Open Network for Digital Commerce ONDC has crossed the 200 million transaction mark, two years after its inception. This milestone indicates the growing adoption of ONDC's…
IPO-bound Shiprocket is expanding its same-day delivery services to Bengaluru. This expansion aims to enhance Shiprocket's delivery capabilities and cater to the growing demand…
PayU-backed Mindgate has reported a significant surge in profits for FY24, achieving a 36-fold increase and posting revenue of ₹257 crore. This impressive financial performance…
The Telangana High Court clarified that an order rejecting jurisdictional objections under Section 16 of the Arbitration and Conciliation Act can be challenged under Section 34 of…
The CBIC has notified Navi Mumbai and Jewar Airport as customs ports for import and export. This designation aims to facilitate international trade through these key locations.…
IndusInd Bank is facing a significant GST penalty amounting to crores of rupees. This penalty indicates potential non-compliance with GST regulations. The situation highlights the…
The Finance Bill 2025 has been passed in the Lok Sabha with 35 amendments. This legislative action signifies the government's fiscal policy direction. The amendments reflect the…
The Indian government has imposed an anti-dumping duty on roller chains imported from China. This decision aims to protect domestic manufacturers from unfair competition. The…
The Bombay High Court strongly criticized the Nagpur civic body for demolishing the homes of accused individuals in a communal violence case. The court deemed the action…
The Finance Ministry has empanelled B.A.V. Srinivasa Rao and Lalit Prasad as Principal Commissioners of the Central Board of Indirect Taxes and Customs CBIC on an ad-hoc basis.…
The Central Board of Indirect Taxes and Customs CBIC has announced the appointment of Chandra Prakash Goyal and Prachi Saroop as Principal Chief Commissioners. This appointment…
CESTAT has ruled that no service tax is applicable to an advertising agency against the amount payable to media companies on behalf of their clients. This decision clarifies the…
The Tax Department has withdrawn 6,599 appeals following the revision of monetary limits for litigation. This move aims to reduce the burden of pending tax litigation. The…
NCLAT has ruled that leasehold rights existing in favor of a corporate debtor cannot be terminated during the moratorium period under the Insolvency and Bankruptcy Code IBC . This…
CESTAT has ruled that a penalty is not leviable on the failure to discharge tax liability under a bonafide belief of non-necessity of payment. This decision protects taxpayers who…
The Income Tax Appellate Tribunal ITAT has ruled that step-siblings are included in the definition of "relative," making gifts received from them non-taxable under Section 56 2 of…
India is considering removing the 6% equalisation levy on online advertising by Google, Meta, and Amazon, as stated in the Finance Bill 2025, amid US tariff threats. This move…
CESTAT has ruled that services provided to overseas clients without a tripartite agreement qualify as exports, dismissing the revenue's appeal. This decision clarifies the tax…
Zepto is in talks for a $250 million secondary funding round. The funding is aimed at providing liquidity to existing investors. This secondary round is separate from primary…
The National Company Law Appellate Tribunal NCLAT has ruled that an allottee cannot be considered a financial creditor upon cancellation of a unit by their own request. This…
The Allahabad High Court has quashed an order under Section 73 of the GST Act, citing that no hearing date was fixed by the GST authorities. The court emphasized the importance of…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled in favor of Tata Motors, stating that no social welfare surcharge should be levied when the basic customs…
The Indian government has proposed to scrap the 6% equalisation levy on digital advertisements in the Finance Bill 2025. This move aims to simplify the tax regime for digital…
The Directorate General of Foreign Trade DGFT has extended the State Trading Enterprise STE status of Indian Potash Limited for urea imports until March 2026. This extension…
The Income Tax Department has flagged ₹29 lakh crore as "hard to recover" from a total of ₹43 lakh crore in outstanding dues. This indicates a significant challenge in tax…
The Supreme Court has allowed the National Financial Reporting Authority NFRA to continue proceedings against chartered accountants, but with restrictions on issuing final orders.…
The Karnataka High Court has ruled that service tax and entertainment tax on Direct-to-Home DTH services must be levied separately. The court remanded the case to the appellate…
The Bombay High Court has refused to entertain a plea seeking to halt income tax assessments involving huge undisclosed income, stating that discretionary power cannot be…
Mad Over Donuts MOD faces a ₹100 crore GST notice for allegedly misclassifying donuts as restaurant services 5% GST instead of bakery products 18% GST . Congress leader Jairam…
The Reserve Bank of India RBI conducted a $10 billion, 3-year dollar/rupee buy-sell swap auction to increase rupee liquidity, which was oversubscribed by over two times. The set…
Recent changes to land registration laws in Rajasthan, India's leading solar state, are expected to increase the costs and delay renewable energy projects. Companies must now pay…
Steel Authority of India Limited SAIL has partnered with McKinsey for digital transformation. This collaboration aims to enhance SAIL's operational efficiency and competitiveness…
Honasa Consumer's shares surged by 11% amid a broader market rally. This increase reflects positive market sentiment and investor confidence in Honasa Consumer's performance. The…
IPO-bound Shiprocket is expanding its same-day delivery services to Bengaluru. This expansion aims to enhance Shiprocket's delivery capabilities and cater to the growing demand…
The Finance Ministry has empanelled B.A.V. Srinivasa Rao and Lalit Prasad as Principal Commissioners of the Central Board of Indirect Taxes and Customs CBIC on an ad-hoc basis.…
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