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The Indian government plans to propose a reduction in the share of federal tax revenues allocated to states from 41% to at least 40%, starting from the fiscal year 2026-27. This…
The Kerala High Court has ruled that acquittal under the MV Act for drunken driving does not nullify prosecution for rash driving under the IPC. This decision highlights the…
The Supreme Court has ruled that courts can impose costs for vexatious litigation if parties attempt to obtain an order by trick. This decision aims to deter frivolous litigation…
CESTAT has ruled that CENVAT credit for interior decorator services is not admissible as an eligible input service in the Capgemini Technology Services case. This decision…
CESTAT has granted relief to Capgemini Technology Services, ruling that ITC cannot be denied due to procedural lapses. This decision emphasizes the importance of substantive…
CESTAT has ruled that ship management services provided by Capgemini Technology Services do not amount to input service in the absence of documents. This decision highlights the…
ITAT has ruled that interest income from cooperative bank investments is eligible for deduction under Section 80P 2 d . This decision clarifies the tax treatment of cooperative…
GSTN has added Yes Bank, expanding the number of banks facilitating GST payments to 31. This move aims to improve the convenience of GST payments for taxpayers. The inclusion of…
NCLAT has ruled that the Adjudicating Authority can extend the time period for making payment of sale consideration beyond 90 days under Section 35 of the IBC read with Rule 11 of…
The Bombay High Court has directed the ICAI to investigate CAs without a COP engaged in illegal activities for professional misconduct. This decision highlights the importance of…
The Patna High Court has quashed a sales tax demand against Indian Oil due to an antedated ex-parte order. This decision protects taxpayers from arbitrary and unjust tax demands.…
The Cabinet has approved an incentive scheme for the promotion of low-value BHIM UPI transactions. This move aims to encourage the use of digital payments for small transactions.…
Over 9 crore taxpayers filed ITR for FY 2025, with 4.68 lakh reporting income above ₹1 crore. This data highlights the increasing number of taxpayers in India. The figures reflect…
The government has launched a mutual credit guarantee scheme for MSMEs, providing 60 percent coverage on loans up to ₹100 crore. This initiative aims to enhance credit access for…
India's rapid adoption of digital transactions has positioned it as a global leader in digital payments. However, this surge has also led to an increase in digital financial…
From April 1, 2025, ISD will be mandatory for claiming input tax credit, according to a GST rule change. This move aims to streamline the input tax credit process. The new rule…
CESTAT has set aside an order where the Commissioner wrongly revived settled demands, restricting re-adjudication to the normal period. This decision emphasizes the importance of…
CESTAT has set aside a transaction value enhancement due to lack of evidence in a chartered engineer's report. This decision highlights the importance of providing robust evidence…
The government has amended customs rules, requiring importers to provide proof of origin instead of a certificate. This change aims to enhance the verification process and prevent…
In a recent episode of the Financial Times' "Unhedged," Katie Martin and Robert Armstrong discussed the Federal Reserve's decision to maintain interest rates amid ongoing economic…
An incentive scheme has removed MDR on low-value P2M BHIM UPI transactions, boosting small merchants. This move aims to promote digital payments among small businesses. The scheme…
ITAT has struck down reassessment based on borrowed satisfaction. This decision highlights the importance of independent assessment by tax authorities. The tribunal's ruling…
NCLAT has ruled that a resolution applicant cannot be permitted to modify the final revised resolution plan submitted within the stipulated time frame. This decision clarifies the…
The Bombay High Court has directed a family court to decide on the divorce case between Yuzvendra Chahal and Dhanashree Verma. This decision highlights the court's approach to…
CIT A has deleted additions on unsecured loans after considering additional evidence, following ITAT's order setting aside the initial decision due to violation of Rule 46A. This…
The Ayodhya's Ram Janmabhoomi Trust has paid ₹400 crore in GST taxes over the past five years. This significant contribution highlights the trust's compliance with tax…
Prozo has maintained its growth streak in FY24 with improved economics. This performance reflects the company's strong business strategy and operational efficiency. The improved…
The Delhi High Court has declared "Taj" as a well-known trademark for services in the hotel and hospitality industry. This decision protects the brand's reputation and prevents…
The Delhi High Court has ruled that NRIs are entitled to the benefit provided to an eligible passenger under the 2016 Baggage Rules. This decision clarifies the rights of NRIs…
The Income Tax Department has released an updated Excel-based tool for ITR-3 filing, simplifying the process for taxpayers. This utility aims to improve efficiency and reduce…
SEBI has lowered the minimum investment in the Social Stock Exchange to ₹1,000. This move aims to make social impact investments more accessible to retail investors. The reduced…
Government PSUs in Bengaluru owe ₹315 crore in tax service charges to BBMP. This issue highlights the financial challenges faced by the municipal corporation. The outstanding dues…
NCLAT has ruled that the CoC cannot remit an approved resolution plan post-submission to the Adjudicating Authority. This decision clarifies the finality of approved resolution…
A parliamentary panel has emphasized the need for safeguards before raising the FDI limit to 100% in the insurance sector. This recommendation aims to protect the interests of…
Blockchain for Impact has earmarked USD 200 million for healthcare startups and biomedical research. This move aims to support innovation in the healthcare sector using blockchain…
Shikhar Dhawan, Ravi Shastri, and AB de Villiers have joined Abu Dhabi-based Yashaa Global Capital. This move aims to leverage their expertise in sports and business. The…
SaaS unicorn Icertis is eyeing $50 million in fresh funding. This move aims to secure capital for further expansion and product development. The funding round reflects investor…
Wealth tech startup Dezerv has completed a ₹46 crore employee stock ESOP buyback. This move aims to reward employees and provide liquidity to ESOP holders. The buyback reflects…
Nvidia has rolled out new AI superchips, Blackwell Ultra and Vera Rubin. This move aims to advance AI capabilities and support the development of cutting-edge technologies. The…
ISRO Chairman Narayanan greeted Sunita Williams, highlighting the strong ties between India and the international space community. This interaction underscores the collaborative…
Navadhan has secured INR 111 crore to offer loans to rural MSMEs. This funding aims to support the growth of small businesses in rural areas. The investment reflects investor…
Swiggy has rolled out a B2B platform named Assure, aiming to rival Zomato's Hyperpure. This move aims to expand Swiggy's service offerings beyond food delivery. The new platform…
Harvested Robotics has secured funding to build AI-powered laser weeding solutions. This investment aims to support the development of innovative agricultural technology. The…
Japan's Mitsubishi UFJ Financial has sold a 2% indirect stake in IndiaMART. This move reflects Mitsubishi UFJ Financial's portfolio adjustments. The stake sale indicates changes…
After acquiring ScoopWhoop, WLDD has acquired D2C sneaker brand 7-10. This move aims to expand WLDD's portfolio and diversify its offerings. The acquisition reflects WLDD's growth…
MobiKwik has rallied for the second consecutive session, surging 18% intraday. This rebound indicates a positive shift in investor sentiment. The recovery may be attributed to…
NPCI has partnered with HitPay to expand UPI's presence in Singapore. This move aims to facilitate cross-border UPI transactions. The partnership reflects NPCI's efforts to…
D2C pet care startup Supertails is in talks to acquire Blue 7 Vets, according to reports. This move aims to expand Supertails' service offerings and strengthen its market…
Zeno Health has launched a 50-minute medicine delivery service. This move aims to enhance customer convenience and improve service delivery. The new service reflects Zeno Health's…
Yudiz has appointed Bharat Thakkar as CFO and acquired a 25% stake in Trulot. This move aims to strengthen Yudiz's financial management and expand its business portfolio. The…
The Indian government plans to propose a reduction in the share of federal tax revenues allocated to states from 41% to at least 40%, starting from the fiscal year 2026-27. This…
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