The ITAT has deleted a transfer pricing adjustment due to the TPO's rejection of a CUP analysis despite DRP directions. The tribunal emphasized the need for compliance with DRP…
11/03/20251 min read
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The ITAT has deleted a transfer pricing adjustment due to the TPO's rejection of a CUP analysis despite DRP directions. The tribunal emphasized the need for compliance with DRP…
The RBI and NCFE have launched nationwide campaigns to boost financial literacy. This initiative aims to educate citizens about financial planning and management. The move…
Digital payment transactions have experienced a significant surge, with over 18,000 crore transactions recorded in the fiscal year 2024-25. This increase highlights the growing…
The government has taken steps to significantly boost credit access for MSMEs, ensuring loans up to ₹25 lakh are approved within 14 days. This initiative aims to streamline the…
The Bombay High Court has directed the Reserve Bank of India RBI to accept ₹20 lakh in old demonetized notes that were seized during an Income Tax raid. This directive addresses a…
The ITAT has remanded the matter of an incorrect deduction in leave encashment disallowance to the Assessing Officer. The tribunal emphasized the need for a thorough examination…
The Himachal Pradesh High Court upheld an acquittal in a drugs case, noting it was shocking that the IO knew the accused was carrying contraband without conducting a search. The…
The Delhi High Court has ruled that the Centre’s exceptional discretionary power to relax conditions under Rule 9C of the Income Tax Rules is not subject to judicial review. The…
The CESTAT has ruled that a customs broker is not responsible for the relocation of a client to new premises after completing address verification. The tribunal emphasized that…
The CESTAT has ruled that no stranger to contracts, including a customs officer, can modify the FOB value of goods. The tribunal emphasized the need for respecting contractual…
The Delhi High Court has ruled that a mismatch between figures and words of a cheque amount would not invalidate the cheque, but merits a trial. The court emphasized the need for…
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 ITAT has quashed a Principal Commissioner of Income Tax's revision order due to a prior Assessing Officer inquiry, citing a discrepancy in net profit figures. The tribunal…
The ITAT has upheld a CITA's deletion of a Section 14A disallowance due to no exempt income. The tribunal emphasized the need for a direct link between expenses and exempt income.…
The CESTAT has set aside an order rejecting a customs duty refund for Indian Oil Corporation, citing a limitation issue. The tribunal emphasized the need for considering 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 granted a deduction on interest income for cooperative banks and savings accounts, reversing a denial. The tribunal emphasized the need for considering the nature of…
The ITAT has set aside an order denying expense deductions due to a lack of supporting documents. The tribunal emphasized the need for a fair assessment of evidence. This decision…
The Allahabad High Court has quashed GST demands on merged Max Ventures, ruling that proceedings against non-existent entities are invalid. The court emphasized the need for…
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…
Kerala Police has issued a warning against a WhatsApp-based gift voucher scam claiming to be issued by the Reserve Bank of India. This scam targets individuals with fraudulent…
The Delhi High Court has ruled that a deduction for bad debts under the Income Tax Act is allowed only if the assessee lends in the ordinary course of banking or money lending…
The Supreme Court has ruled that stamp duty is not payable by a wife for a flat acquired as part of a compromise in a divorce case. The court recognized the unique circumstances…
The Delhi High Court has directed the release of a bank guarantee with interest due to a delay in finalizing gold jewellery import assessment. The court emphasized the need for…
The ITAT has ordered the deletion of a ₹26.35 lakh addition on cash deposits during demonetization. The tribunal emphasized the need for considering the circumstances of the case.…
The ITAT has restored the matter of a ₹5.11 crore forex loss on ECB settlement to the Assessing Officer. The tribunal emphasized the need for a thorough examination of the…
The CESTAT has ruled that data from NIDB cannot be the basis for enhancement of value under the Customs Act. The tribunal emphasized the need for reliable and relevant data for…
An NSO survey shows that monthly per capita consumption expenditure has risen by 9.2% in both rural and urban India. This data reflects economic growth and increased consumer…
The ITAT has deleted an addition for intra-group services, citing consistency with earlier rulings. The tribunal emphasized the need for consistent application of tax principles.…
The Telangana High Court has directed an assessee to file an appeal before the adjudicating authority to claim a refund of excessive TDS collected under the CGST Act. The court…
The Delhi High Court has sought the NIA's response on MP Engineer Rashid's plea for custody parole to attend Parliament's budget session. The court is examining the legal aspects…
The Kerala High Court addressed a case concerning the death of a teen in Kasargod, confirming that the police had taken action. The court reviewed the actions taken by the police…
The Delhi High Court addressed a case concerning the use of AI to trace a missing person. The court examined the legal aspects of using AI in such investigations. The ruling…
The Allahabad High Court ruled on the maintainability of a writ petition against private banks under Article 226 of the Constitution. The court examined the legal aspects of the…
The Uttarakhand High Court ruled on a case allowing a wife in the USA to record evidence via video conferencing in a matrimonial dispute, citing VC rules. The court emphasized the…
The Allahabad High Court ruled on a case concerning the release of attached property under the UP Gangsters Act. The court examined the legal aspects of the attachment and the…
The Punjab and Haryana High Court found a fabricated document on voting details attached in a plea challenging an election tribunal's order, directing the Deputy Commissioner to…
The Rajasthan High Court addressed a case concerning a college lecturer's annual increment claim and the issue of inordinate delay. The court examined the legal aspects of the…
The Andhra Pradesh High Court ruled on a case concerning anticipatory bail in rape cases. The court examined the legal aspects of anticipatory bail and the specific circumstances…
The Karnataka High Court ruled on a case concerning the quashing of a murder case under Section 482 of the CrPC. The court examined the legal aspects of the quashing petition and…
The Allahabad High Court ruled on a case concerning back wages payment for an employee in jail, applying the "no work, no pay" principle. The court emphasized the need for actual…
The Kerala High Court ruled that it is a travesty of justice to deny criminal proceedings solely because a civil remedy was pursued, if the alleged acts constitute criminal…
The Kerala High Court addressed a case concerning a P.C. offence and a CBI investigation's final report. The court examined the legal aspects of the investigation and the report's…
The Gujarat High Court addressed a civil contempt case involving senior citizen women and a status quo order. The court emphasized the importance of complying with court orders.…
The Madras High Court ordered a CBCID inquiry into a law firm's alleged unlawful activities. The court emphasized the need for a thorough investigation. This decision reinforces…
The Kerala High Court addressed a case concerning the recording of court proceedings and its implications for contempt. The court emphasized the importance of maintaining the…
The Madras High Court stayed an ED provisional attachment of director Shankar's property. The court examined the legal aspects of the ED's attachment and the ongoing case. The…
Justice Gavai of the Supreme Court cautioned against relying on AI for legal research, noting that platforms like ChatGPT have generated fake case citations. The court emphasized…
The Supreme Court exempted a wife from paying stamp duty for a flat acquired as part of a compromise in a divorce case. The court recognized the unique circumstances of the case.…
A Delhi court has been asked to file an FIR against Arvind Kejriwal and others for misusing public money on illegal hoardings. The court aims to investigate allegations of…
The ITAT has deleted a transfer pricing adjustment due to the TPO's rejection of a CUP analysis despite DRP directions. The tribunal emphasized the need for compliance with DRP…
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