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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…
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…
Foxconn is set to receive ₹6,970 crore in incentives from the Karnataka government. The incentives aim to attract investments and boost the state's electronics manufacturing…
The CESTAT has set aside an order rejecting Toyota's refund of excess CENVAT credit, ruling that it was contrary to Section 142 3 of the CGST Act. This decision provides relief to…
The NCLT has ruled that it lacks jurisdiction to direct the ED to defreeze a corporate debtor's account frozen under PMLA. The tribunal clarified its limited powers in matters…
The ITAT has set aside a PCIT's revisionary order, ruling that the assessment was invalid due to a defective satisfaction note. The tribunal emphasized the need for proper…
The ITAT has deleted a ₹1 crore addition for unexplained loans, citing sufficient evidence provided by the assessee. The tribunal emphasized the importance of considering all…
The Finance Ministry has imposed an add-on duty on trichloro isocyanuric acid imports from China and Japan. This move aims to protect domestic industries from unfair competition.…
The Karnataka budget has provided a significant push for startups, with ₹1,000 crore allocated for an accelerator program and ₹100 crore for deeptech support. The budget measures…
OYO has appointed Sonal Sinha as the CEO of G6 Hospitality. This strategic move aims to strengthen OYO's leadership team and enhance its operations in the hospitality sector.…
The Department of Telecommunications DoT has mandated certification of SatCom equipment. This regulatory measure aims to ensure the quality and safety of satellite communication…
The ITAT has remanded a case where an assessment was converted from limited to unlimited scrutiny without approval. The tribunal emphasized the need for proper approval…
The CESTAT has allowed Bajaj's CENVAT claim, ruling that bank guarantee charges for raw material procurement are covered under input services under Rule 2 l . This decision…
The Delhi High Court has upheld disciplinary proceedings initiated against the Joint Controller General of Accounts Administration . The court emphasized the importance of…
The Gujarat High Court has ruled that there is no exemption to interest on refunds under the Direct Tax Vivad se Vishwas scheme. This decision clarifies the tax treatment of…
The Finance Ministry has reduced import duties on masur lentils and yellow peas. This move aims to stabilize domestic prices and ensure adequate supply. The reduction in import…
Andhra Pradesh had debts of ₹5.2 lakh crore by the time the NDA government took charge, according to Payyavula Keshav. This statement highlights the state's financial challenges.…
The National Company Law Tribunal NCLT has stated that it lacks the authority to direct the Enforcement Directorate ED to de-freeze bank accounts. The NCLT clarified its limited…
The CESTAT ruled that legal consultancy services provided under the Reverse Charge Mechanism RCM are liable to service tax. The tribunal clarified the tax implications of such…
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 NFRA has proposed new accounting standards for foreign companies. This initiative aims to enhance transparency and consistency in financial reporting. The proposal reflects…
The Karnataka High Court ruled that an arbitration clause cannot be invoked for matters that have already been decided. The court clarified that arbitration is intended for…
The Karnataka High Court addressed summons issued by the Enforcement Directorate ED to Parvathi, wife of Chief Minister Siddaramaiah, in a MUDA case. The court examined the…
The Bombay High Court held that an LLP can be bound by an arbitration clause despite not being a signatory to the LLP agreement. This decision clarifies the scope of arbitration…
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 Karnataka High Court ordered a departmental inquiry against a police officer for interfering with a religious institution. This decision highlights the court's oversight of…
The Indore Mayor mandated entertainment tax payment before approving Honey Singh's concert. This decision highlights the importance of tax compliance in entertainment events. It…
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 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 ITAT has ordered a fresh assessment of the taxability of ₹7.11 crore FD interest in land compensation. The tribunal emphasized the need for a thorough examination of the…
The GST Council constituted a GoM to assess state revenue mobilization policies regarding natural calamity cess. This initiative highlights the government's efforts to address…
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…
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