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The Bombay High Court has upheld the addition of income under Section 69C of the Income Tax Act on bogus purchases, in the absence of an explanation on the source. This decision…
The Delhi High Court has ruled that Section 110 of the Customs Act and Section 67 of the CGST Act are pari materia, and there is no sufficient cause for continued retention of…
The Authority for Advance Ruling AAAR has ruled that no GST Input Tax Credit ITC is allowed on the provision of third-party canteen services to contractual workers. This decision…
The Delhi High Court has upheld an arbitral award exempting Delhi Airport from fee payments during the COVID-19 pandemic. The court recognized the exceptional circumstances and…
TCS and SBI have led a ₹2.1 lakh crore surge in the top 10 companies' market capitalization this week. This growth reflects positive market trends and investor confidence. The…
Mutual fund investors are steering towards calm waters of long-term investing. This trend reflects a shift towards stable and sustainable investment strategies. Investors are…
Ather Energy's IPO plans include converting preference shares into equity. This move aims to simplify the company's capital structure. The conversion is a step towards the IPO.…
Indian markets have seen foreign investors FPIs pull out ₹24,753 crore from equities due to US tariffs. This withdrawal reflects investor concerns about trade tensions. The market…
The Finance Ministry has granted Section 10 46 income tax exemption to the Delhi Construction Workers Welfare Board. This exemption provides relief to the board, allowing it to…
The Gujarat High Court has ordered the revenue department to pay interest on a delayed refund under the Direct Tax Vivad se Vishwas scheme. This decision ensures that taxpayers…
Ather Energy's IPO plans include converting preference shares into equity. This move aims to simplify the company's capital structure. The conversion is a step towards the IPO.…
The market capitalization of seven of the top 10 valued firms has jumped by ₹2.10 lakh crore, with RIL and TCS as major gainers. This surge reflects positive market sentiment and…
Tata Capital, an NBFC, has filed draft IPO papers with SEBI and the RBI. This move aims to raise capital and expand the company's operations. The IPO reflects the company's growth…
Shiv Nadar has gifted 4.7% of his stake in HCL Corp to Vama, Delhi, and Roshni Nadar. This transfer of shares reflects wealth transition and succession planning. The move ensures…
AI4Bharat is collecting 10 trillion tokens to build the next generation of AI services. This initiative aims to enhance AI capabilities in Indian languages. The data collection…
Nazara Technologies is set to sell its 95% stake in OpenPlay to PokerBaazi's parent company. This move aims to streamline Nazara's operations and focus on core businesses. The…
Tata Capital, an NBFC, has filed draft IPO papers with SEBI and the RBI. This move aims to raise capital and expand the company's operations. The IPO reflects the company's growth…
Nazara Technologies is set to sell its 95% stake in OpenPlay to PokerBaazi's parent company. This move aims to streamline Nazara's operations and focus on core businesses. The…
The Bombay High Court has sent a man to civil prison for not paying maintenance to his wife and children. The court emphasized the importance of fulfilling maintenance…
Workers at Samsung's Tamil Nadu plant have called off their month-long strike. The resolution follows negotiations between the workers and the company. The strike was related to…
The Punjab and Haryana High Court has upheld the denial of RTI information regarding the Army's stud farm. The court considered the sensitivity of the information and national…
The Bombay High Court has sent a man to civil prison for not paying maintenance to his wife and children. The court emphasized the importance of fulfilling maintenance…
The Madhya Pradesh High Court has ruled that compelling a wife to discontinue her studies is cruelty and grounds for divorce. The court emphasized the importance of respecting…
The Kerala High Court granted bail to a son accused of attacking his mother. The court considered the circumstances of the case and the accused's conduct. The decision reflects…
The Kerala High Court granted bail to a son accused of attacking his mother. The court considered the circumstances of the case and the accused's conduct. The decision reflects…
The Madhya Pradesh High Court has ruled that a wife discontinuing studies after marriage constitutes mental cruelty for divorce. The court emphasized the need for considering the…
The NFRA has proposed new accounting standards for foreign companies. This initiative aims to enhance transparency and consistency in financial reporting. The proposal reflects…
The Supreme Court has ruled that the execution of penalties under the Consumer Protection Act can still be carried out despite an IBC moratorium. This decision clarifies the…
The Enforcement Directorate ED has arrested SDPI chief Moideen Faizy in a PMLA probe against the Popular Front of India PFI . This action highlights the ongoing investigation into…
The Gujarat High Court has ordered the revenue department to pay interest on a delayed refund under the Direct Tax Vivad se Vishwas scheme. This decision ensures that taxpayers…
The Bombay High Court has upheld the addition of income under Section 69C of the Income Tax Act on bogus purchases, in the absence of an explanation on the source. This decision…
The CESTAT has restored Apollo Tyres' service tax refund claim, addressing hurdles related to GST transition. The tribunal's decision provides relief to the company and resolves a…
The Delhi High Court has ruled that cross-objections are not maintainable under Section 260A of the Income Tax Act. This decision clarifies the procedural aspects of appeals under…
The ITAT has ruled that reassessment requires fresh tangible material, and mere reliance on an investigation report is insufficient. This decision clarifies the requirements for…
The Delhi High Court has ordered the release of spectacles and frames seized by authorities, as no seizure extension notice was provided before the conclusion of the six-month…
The Calcutta High Court has upheld the GST registration cancellation of a taxpayer who failed to respond to a show-cause notice and had no business at the registered address. The…
The Delhi High Court has ruled that Section 110 of the Customs Act and Section 67 of the CGST Act are pari materia, and there is no sufficient cause for continued retention of…
The Authority for Advance Ruling AAAR has ruled that no GST Input Tax Credit ITC is allowed on the provision of third-party canteen services to contractual workers. This decision…
The CESTAT has ruled in favor of Air India, stating that the CBIC circular on IGST for repaired goods re-imports, based on GST Council minutes, is unsustainable. The tribunal's…
The CESTAT has allowed a CENVAT credit refund to Mercedes-Benz Research and Development India Pvt. Ltd. The tribunal's decision clarifies the eligibility for CENVAT credit…
The CESTAT has granted relief to Dish TV India Ltd., ruling that there is no reversal of CENVAT credit under Rule 4 5A of the CCR on the removal of inputs to the premises of a job…
Jammu and Kashmir Chief Minister Omar Abdullah presented the 2025 budget, noting that 60% of revenue is spent on salaries and pensions. This budget is the first since 2018. The…
The Delhi High Court has ruled that the Income Tax Department cannot attach property indefinitely without pursuing steps to resolve the matter. The court emphasized that…
The Delhi High Court has ruled that the existence of an international transaction must be proven before applying transfer pricing benchmarking. The court emphasized the need for…
The Bombay High Court has stayed a GST demand, ruling that issuing a consolidated notice is impermissible. The court emphasized the need for separate notices for each distinct…
The Supreme Court has criticized the NCLAT's long order on a delay condonation application, citing high pendency of cases. The court emphasized the need for efficient handling of…
The CESTAT has ruled that no service tax is applicable on freight cartage expenses under Goods Transport Agency GTA services. This decision clarifies the tax treatment of such…
The Finance Ministry has granted Section 10 46 income tax exemption to the Delhi Construction Workers Welfare Board. This exemption provides relief to the board, allowing it to…
India needs taxpayer-friendly reforms, not just enforcement, according to recent discussions. Emphasis is placed on simplifying tax procedures and enhancing transparency. The…
The GST Council has reconstituted the Group of Ministers GoM with a revised mandate to analyze GST revenue trends. The GoM will focus on identifying factors affecting revenue…
The Bombay High Court has upheld the addition of income under Section 69C of the Income Tax Act on bogus purchases, in the absence of an explanation on the source. This decision…
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