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Indians lost INR 1,935 Cr to digital arrest scams in 2024, according to the government. This data highlights the growing threat of cyber fraud. The government is taking measures…
The Rajasthan High Court has ruled on a husband's bail in a wife suicide case under Section 306 IPC. The court examined the legal aspects of the bail and the circumstances of the…
Nazara Technologies COO Sudhir Kamath has resigned. This change indicates a shift in leadership within the company. The move reflects potential strategic changes. The resignation…
The ITAT has remanded a matter to the CITA due to a failure to receive a valid notice, leading to an ex-parte order. The tribunal emphasized the need for proper notice and…
The CESTAT has set aside a service tax demand on the construction of a complex service for individual houses. The tribunal emphasized the need for proper classification of…
The Karnataka High Court has ruled that a GST appeal filed on the 90th day from email communication of the order is valid, directing the appeal to be heard. The court emphasized…
The CESTAT has reduced the penalty imposed on SAIL for non-filing of documents within the prescribed period under customs provisional duty assessment regulations. The tribunal…
The Kerala High Court has allowed a taxpayer to avail benefits under a new amnesty scheme, despite not opting for it earlier. The court emphasized the need for fairness and…
ONDC CBO Shireesh Joshi has stepped down. This change indicates a shift in leadership within the organization. The move reflects potential strategic changes. The resignation…
The Madras High Court has ruled that branding a police constable husband as a terrorist amounts to mental cruelty. The court emphasized the need for considering the impact of such…
A Bhopal collector has appeared in the High Court in a contempt petition concerning RERA order execution. This move reflects the court's efforts to enforce RERA regulations. The…
The CESTAT has set aside an order denying CENVAT credit for non-production of documents, directing document verification. The tribunal emphasized the need for proper examination…
The Delhi High Court has directed the release of jewellery belonging to an Iranian national, confiscated by the customs department 3 years ago. The court emphasized the need for…
The Delhi High Court has sustained a customs fine and penalty on an Uzbek national for improperly importing 112 gms of gold at Delhi airport. The court emphasized the need for…
The NCLAT has ordered a probe into the functioning of NCLT Chennai after noting implausible adjudication of an unlisted matter from 2022. The tribunal emphasized the need for…
IndusInd Bank is at the cusp of ICAI FRRB scrutiny, with an alleged discrepancy of ₹2100 crore in its derivatives portfolio. This scrutiny aims to ensure compliance with…
Droom India has raised funds at a $360 million valuation. This investment will support the company's expansion and technological advancements. The funding round reflects investor…
The NCLAT has ruled that an approved resolution plan cannot be reopened based on belatedly agitated claims. The tribunal emphasized the need for finality in insolvency…
The NCLAT has ruled that the existence of a financial debt and corresponding default is a sine qua non for initiating proceedings under Section 7 of the IBC. The tribunal…
Yes Bank has launched a GST payment facility, allowing users to generate challans and pay instantly via netbanking or OTC. This initiative aims to streamline GST payments. The…
The ITAT has ruled that Section 11 amendments on timely filing apply from April 1, 2021, and not retroactively, allowing a society's exemption. The tribunal emphasized the need…
The Gauhati High Court has quashed an addition based on a retracted statement and incriminating material. The court emphasized the need for reliable evidence. This decision…
The Allahabad High Court has quashed a tax demand due to GST notices being uploaded in the wrong tab on the portal. The court emphasized the need for proper administrative…
The ITAT has allowed normal tax rates for an Association of Persons AOP that is a charitable trust, setting aside a CITA's order. The tribunal emphasized the need for proper…
The ITAT has deleted additions on client code modifications in commodity trading, citing genuine transaction verification. The tribunal emphasized the need for considering the…
The ITAT has upheld overseas R&D expenses as capital expenditure, citing consistency with prior years. The tribunal emphasized the need for consistent treatment of similar…
The Tamil Nadu government has replaced the rupee symbol with a Tamil letter in its budget logo, triggering controversy. This move reflects cultural and linguistic priorities. The…
DPIIT and Estee Lauder have signed an MOU to elevate India's beauty and personal care industry, assuring startup funding and mentorship. This collaboration aims to support…
The Finance Ministry has reconstituted the advisory board under the COFEPOSA Act, 1974. This move aims to strengthen the enforcement of regulations related to foreign exchange and…
The ITAT has ruled that loose papers, scribbled notes, and unregistered agreements cannot be the sole basis for taxing income. The tribunal emphasized the need for reliable…
The Madras High Court has quashed a reassessment notice over a change of opinion, not new material. The court emphasized the need for new evidence to justify reassessment. This…
The Supreme Court has ruled that a provisional bank account attachment ends once a final order is passed under Section 74 of the CGST Act. The court emphasized the need for…
The Karnataka State CA Association has announced its 37th annual conference in March, with sessions themed around accountability. The conference aims to promote professional…
The ITAT has affirmed an 8% profit rate estimation for a government contractor. The tribunal emphasized the need for a reasonable basis for estimations. This decision clarifies…
The CESTAT has ruled that non-filing does not invalidate SEZ service tax exemption, providing relief for Shapoorji Pallonji. The tribunal emphasized the need for considering the…
The ITAT has ruled that Section 69B and Section 69C additions on survey declared income are not sustainable, upholding business income treatment. The tribunal emphasized the need…
The CESTAT has ruled that there is no actual user condition in an exemption notification, permitting the sale of imported arms, providing relief for NRAI. The tribunal emphasized…
The Madras High Court has ordered a CBCID probe into a fake law firm run by a non-lawyer. The court emphasized the need to protect the integrity of the legal profession. This…
The Gauhati High Court has ruled that 12% GST is applicable on fruit pulp juice-based carbonated drinks, not 40%. The court emphasized the need for proper classification of goods…
The ITAT has set aside a CITA's rejection of a renewal application under Section 80G 5 iii , providing relief to IRCS. The tribunal emphasized the need for a fair assessment of…
The ITAT has dismissed an appeal over excess share premium tax as the assessee failed to appear. The tribunal emphasized the need for compliance with procedural requirements. This…
The Allahabad High Court has ruled that the 8-year stamp duty refund limit cannot apply retrospectively, providing relief to homebuyers. The court emphasized the need for…
The ITAT has deleted a ₹1.23 crore disallowance in bad debts for Thomas Press due to double taxation. The tribunal emphasized the need to avoid double taxation. This decision…
The ITAT has directed the Assessing Officer to reassess documents and decide the matter accordingly, concerning the genuineness and creditworthiness of loans. The tribunal…
A daily wage worker has received a ₹22.86 lakh GST demand notice. This incident highlights potential discrepancies in GST enforcement. The move reflects the need for fair and…
The new Income Tax Bill is under review, and a parliamentary panel is holding key discussions. This process aims to refine the bill and address stakeholder concerns. The move…
The MOS Finance has clarified that no direct revenue impact is expected from the IT Bill. This statement aims to address concerns about the bill's financial implications. The move…
The IT Department is using satellite imagery to crack down on dubious agricultural income claims. This initiative aims to enhance tax compliance and prevent fraudulent claims. The…
The Finance Ministry has registered 158 GST cases against gaming firms for ₹1.53 lakh crore. This action highlights the government's efforts to enforce tax compliance in the…
India sees record deal activity in February at $72 billion. This data highlights the strong growth in mergers and acquisitions. The activity reflects investor confidence in the…
Indians lost INR 1,935 Cr to digital arrest scams in 2024, according to the government. This data highlights the growing threat of cyber fraud. The government is taking measures…
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