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The NCLAT Chennai has ruled that the rights of an auction purchaser are crystallized upon issuance of the sale certificate. The tribunal emphasized the need for clarity in…
The Supreme Court has directed Nowhera Shaik to pay a crore to the ED, warning of revocation of bail in the Heera Gold scam case. The court emphasized the need for compliance with…
The DGFT has extended the import period for yellow peas. This move aims to ensure the availability of essential commodities. The move reflects the government's efforts to manage…
The Kerala High Court has ruled that subsequent events completely negating a landlord's needs decisively overturn an eviction order. The court emphasized the need for considering…
A Bengaluru court has issued a gag order against media outlets for making defamatory statements against actress Harshavardini Ranya Rao in a gold smuggling case. The court…
The NCLAT Principal Bench has ruled that an operational creditor can only trigger the CIRP process for an undisputed debt default in payment. The tribunal emphasized the need for…
The NCLAT Chennai has ruled that the rights of an auction purchaser are crystallized upon issuance of the sale certificate. The tribunal emphasized the need for clarity in…
The Gauhati High Court has ruled that carbonated fruit drinks qualify as fruit beverages, taxable at 12%. The court emphasized the need for proper classification of goods for tax…
The ITAT has upheld a CITA's deletion of a crore addition under Section 69C due to a lack of evidence on unexplained expenditure. The tribunal emphasized the need for proper…
The ITAT has set aside a matter concerning unexplained cash deposits for fresh adjudication by the CITA. The tribunal emphasized the need for a thorough examination of the…
The CBIC is seeking proposals for reorganizing CGST Commissionerates, with a deadline of 31st March 2025. This initiative aims to improve administrative efficiency and streamline…
The Delhi High Court has ordered the release of Iranian nationals' jewellery confiscated by customs almost 3 years ago. The court emphasized the need for timely resolution of…
The NCDRC has ruled that Kuwait Airways is liable for deficiency in service for rerouting a flight and failing to provide food and amenities. The commission emphasized the need…
The NCDRC has asked a surgeon and hospital to pay ₹75 lakh compensation to a patient who lost a leg due to medical negligence. The commission emphasized the need for…
The Bombay High Court ruled that an arbitration clause contained in invoices is binding on the parties if they acted upon the invoices and raised no objection. The court…
The Calcutta High Court ruled that loss of profit in works contracts can be awarded upon illegal termination, even in the absence of direct proof. The court emphasized the need…
Personal income tax collections have risen to 3.5% of GDP in FY24. This increase reflects the growth in individual taxpayers and improved tax compliance. The move indicates…
RERA has fined a construction firm Rs 10.6 lakh for deviating from the approved plan. This action highlights RERA's commitment to enforcing regulations. The fine underscores the…
OYO's Ritesh Agarwal projects that the company will achieve an EBITDA of INR 1,550 crore in FY25. This forecast reflects OYO's strong financial performance and operational…
The Supreme Court has directed Nowhera Shaik to pay a crore to the ED, warning of revocation of bail in the Heera Gold scam case. The court emphasized the need for compliance with…
The DGFT has ruled that no export inspection certificate is required for rice exports to non-EU European countries for six months. This move aims to facilitate trade and reduce…
The CBDT has introduced a ten-year zero-coupon bond by Power Finance Corporation Ltd. with tax benefits. This move aims to promote investment in infrastructure and provide tax…
The ITAT has directed the Assessing Officer to reverify and recompute deductions under Section 10B for Thomson Press's disallowance of export income deductions. The tribunal…
The DGFT has amended the export policy of broken rice from prohibited to free. This move aims to facilitate trade and ensure market access. The move reflects the government's…
Former Zomato COO has partnered with Deepinder Goyal to launch a new startup, Lat Aerospace, entering the aerospace sector. This venture marks a significant diversification for…
PB Fintech's founders are set to inject INR 829 crore into their healthcare arm, aiming to bolster its growth and expansion. This significant investment highlights the founders'…
Rapido is set to take on Swiggy and Zomato in the food delivery segment. This move signals Rapido's diversification and expansion strategy. The company aims to leverage its…
The DGFT has extended the import period for yellow peas. This move aims to ensure the availability of essential commodities. The move reflects the government's efforts to manage…
The DGFT has extended the free import policy for urad beans until March. This move aims to ensure the availability of essential commodities. The move reflects the government's…
The ITAT has ruled that no penalty can be imposed under Section 69C when income addition is based on estimation. The tribunal emphasized the need for clear evidence of unexplained…
The ITAT has upheld a CITA's deletion of a crore addition under Section 69C due to a lack of evidence on unexplained expenditure. The tribunal emphasized the need for proper…
The Madras High Court has ruled that customs cannot deny IGST refunds to exporters even if a higher rate of duty drawback was availed. The court emphasized the need for compliance…
Salman Khan and Sachin Tendulkar have joined Purple Style Labs' new funding round. This investment adds significant star power to the company. The participation of these…
The Delhi High Court has awarded Johnson & Johnson ₹334 crore in compensation in a counterfeit medical products case. This ruling underscores the judiciary's commitment to…
UPI and digital payments have soared, with 18,000 crore e-transactions, and the RBI and NPCI are employing AI-based security measures. This growth reflects the increasing adoption…
The Madras High Court has confirmed the deemed pendency of a settlement application under clause iv of Section 245A before March 31, 2021. The court emphasized the need for…
The Madras High Court has directed the disposal of a pending appeal for AY 2019-20 within four months, amid recovery proceedings. The court emphasized the need for timely…
Finance Minister Nirmala Sitharaman has indicated an increase in overall credit disbursement to priority sectors. This move aims to boost lending to key economic areas. The move…
The government has ordered a detailed probe into Ola and Uber over differential pricing. This investigation aims to ensure fair pricing practices in the ride-hailing industry. The…
The ITAT has set aside a matter concerning unexplained cash deposits for fresh adjudication by the CITA. The tribunal emphasized the need for a thorough examination of the…
Amit Shah has affirmed the release of Sahara Cooperative Society deposit refunds to depositors. This move aims to provide relief to affected individuals and ensure financial…
The ITAT has ruled that employees' PF and ESI contributions are disallowed if paid after the due date. The tribunal emphasized the need for strict adherence to statutory…
The Delhi High Court has clarified that the Customs Act operates separately. The court emphasized the distinct nature of customs regulations. This decision reinforces the…
The Delhi High Court has ruled that a disagreement with the department regarding the classification of goods for customs duty levying does not amount to suppression of facts. The…
The CBIC is seeking proposals for reorganizing CGST Commissionerates, with a deadline of 31st March 2025. This initiative aims to improve administrative efficiency and streamline…
The top 5 industrial states contribute 72% of direct taxes. This concentration highlights the economic significance of these states. The move reflects the regional distribution of…
Personal income tax collections have risen to 3.5% of GDP in FY24. This increase reflects the growth in individual taxpayers and improved tax compliance. The move indicates…
The ITAT has dismissed the revenue's appeal, ruling that income from mushroom cultivation qualifies as agricultural income and is exempt. The tribunal emphasized the need for…
Watsa-backed Value Attics has received a reinsurance license. This licensing allows the company to expand its financial services. The move reflects the company's growth and…
The latest stock market news on March 12, 2025, includes live updates on various sectors and company performances. This coverage provides insights into market trends and investor…
The NCLAT Chennai has ruled that the rights of an auction purchaser are crystallized upon issuance of the sale certificate. The tribunal emphasized the need for clarity in…
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