Sorted by Latest
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…
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 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…
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…
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…
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…
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…
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…
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 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…
The Delhi High Court has denied interim bail to PFI's Shahid Nasir in an NIA UAPA case. This decision highlights the court's approach to bail applications in cases involving…
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 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 Orissa High Court has ruled that mining without environmental clearance is not illegal income, and the Income Tax Department cannot disallow expenses without proof. This…
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…
CESTAT has set aside a time-barred excise duty demand due to delayed SCN issuance. This decision emphasizes the importance of adhering to statutory timelines in tax proceedings.…
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 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 Allahabad High Court has ruled that grabbing a victim's breasts and pyjama string constitutes prima facie aggravated sexual assault under attempted rape charges. This decision…
CESTAT has ruled that service tax liability falls on the contractor, not the promoter, for construction services. This decision clarifies the tax obligations in construction…
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…
CESTAT has set aside a Commissioner's order regarding penalty imposition and extended limitation periods for pre-SCN tax payment. This decision highlights the importance of…
ITAT has directed the AO to verify the business nexus and reassess the deduction regarding the disallowance of a claim for interest expense under Section 36 1 iii . This decision…
CESTAT has upheld the suspension of a customs broker license against proven misdeclaration of silver pen drives, etc., as PU belt. This decision highlights the importance of…
The Karnataka High Court has issued a judgment on trial court permission for organized crime charge addition under Section 11 of BNSS. This decision clarifies the procedural…
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 Cabinet has approved an incentive scheme for low-value UPI transactions. This move aims to promote the adoption of digital payments for small transactions. The scheme reflects…
The Finance Ministry has imposed an add-on duty on soft ferrite cores imported from China. This measure aims to protect domestic manufacturers from unfair competition. The duty…
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…
Key deadlines and required actions for financial year-end GST compliance in 2025 have been released. This information helps businesses prepare for the upcoming GST filings. The…
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…
The CBDT is seeking stakeholder input for drafting simplified income tax rules and forms. This initiative aims to gather feedback for the development of user-friendly tax…
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…
Paytm Money has secured SEBI's nod for a research analyst license. This allows the company to provide research-based investment advice. The license enhances Paytm Money's…
CCI has approved Tata Sons' acquisition of an additional 10% stake in Tata Play. This approval signifies that the acquisition does not raise concerns about anti-competitive…
The Finance Ministry has imposed an add-on duty on vacuum insulated flasks imported from China. This measure aims to protect domestic manufacturers from unfair competition. The…
Billion Electric has promoted COO Sanjeev Kulkarni to the role of CEO. This leadership change reflects the company's growth and strategic direction. Kulkarni's elevation indicates…
Former Milkbasket co-founder Yatish Talvadia has launched a new D2C grocery brand, Anmasa. This venture aims to capitalize on the growing demand for direct-to-consumer grocery…
PhysicsWallah is pursuing a confidential route for a $500 million IPO. This move indicates the company's strategic approach to going public. The confidential filing allows…
D2C brand Pilgrim has raised ₹200 crore in primary and secondary funding. This investment aims to fuel the company's growth and expand its market presence. The funding will…
The Bombay High Court has dismissed a Public Interest Litigation PIL against ₹16,000 crore bank guarantees in the Borivali-Thane tunnel project. The court's decision affirms the…
The Jammu and Kashmir High Court has issued a ruling on summary suits and applications for leave to defend under Order 37 of the Code of Civil Procedure CPC . This ruling…
The Supreme Court has discussed the tests to determine the law governing an arbitration agreement in international commercial arbitration. This discussion provides clarity on the…
The Karnataka High Court has clarified crucial principles regarding input tax credit ITC claims. This clarification provides guidance to taxpayers on the eligibility and…
The Sikkim High Court has ruled that the expansion of the definition of "Sikkimese" in Section 10 26AAA of the Income Tax Act does not affect the rights of indigenous people. This…
The Supreme Court has discussed the tests to determine the law governing an arbitration agreement in international commercial arbitration. This discussion provides clarity on the…
The Kerala GST Department has issued instructions on the functioning of the centralized refund processing formation. This initiative aims to streamline the refund process and…
The Allahabad High Court has ruled that proceedings under Section 129 of the GST Act are summary proceedings. This decision clarifies the nature of these proceedings, emphasizing…
Direct tax collections in India reached ₹21.27 lakh crore in FY 2024-25, showing a year-on-year growth of 13.13%. This increase reflects the government's efforts to improve tax…
The Central Board of Direct Taxes CBDT has issued Frequently Asked Questions FAQs on the revised guidelines for compounding of offenses under the Income Tax Act, 1961. The FAQs…
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…
Showing 50 of 42930 updates