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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 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…
Furlenco has raised $7 million in debt from Northern Arc and CredAvenue. The debt financing will support Furlenco's expansion plans and operational needs. The funding will enable…
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.…
Fino Payments Bank shares rallied 9% intraday. The surge in share price reflects positive investor sentiment and confidence in the bank's performance. The market reaction…
The Department of Telecommunications DoT has mandated certification of SatCom equipment. This regulatory measure aims to ensure the quality and safety of satellite communication…
Infibeam Avenues plans to divest its stake in its subsidiary, Primid, and has appointed a new board member. The strategic move aims to streamline operations and enhance focus on…
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 Supreme Court granted interim relief to Pune Burger King in a trademark dispute, staying a High Court restraint order. The dispute involved a trademark clash between two…
ITAT directed CITA to condone a 4-day delay and adjudicate Kerala State Drugs and Pharmaceuticals Ltd.'s appeal on merits. This decision highlights the importance of procedural…
The Ministry of Electronics and Information Technology MeitY is working on the rollout of Semicon Mission 2.0. This initiative aims to strengthen India's semiconductor industry…
The Indian government has launched the Compute portal, AIkosha, to bolster the country's AI ambitions. The portal aims to provide computing resources and infrastructure to support…
The Delhi High Court ruled that CESTAT cannot reject an appeal merely because the pre-deposit was made in the wrong account. This decision highlights the importance of procedural…
Gensol's stock has experienced a slump, accompanied by an ICRA downgrade and concerns related to its link with BluSmart. The company's financial stability and operational…
Ninjacart has expanded its ESOP pool to $55 million, an exclusive report reveals. This move aims to attract and retain top talent by offering them a stake in the company's future…
Phi Commerce reported revenue of ₹81 crore in FY24, but its losses soared threefold. The financial results highlight the company's growth in revenue alongside a significant…
The Karnataka High Court has stayed a police notice issued to Kannada YouTuber Samir MD. The notice was related to content posted by Samir, which allegedly led to public unrest.…
The Supreme Court has scheduled a hearing for the Pegasus spyware case in April. The case, involving allegations of government surveillance using the spyware, has garnered…
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 Bombay High Court has quashed a criminal case against the Managing Director of Lokmat, citing insufficient evidence and lack of merit. The court reviewed the allegations and…
CESTAT ruled that service tax is leviable on legal consultancy services under RCM. This decision clarifies the tax treatment of legal services. It underscores the importance of…
The Bombay High Court ruled that DRI's continued retention of a bail applicant's passport is indirect impounding, directing its return subject to intimation of international…
The Madras High Court revived a GST registration with conditions. This decision highlights the court's intervention in administrative matters. It underscores the importance of…
The Delhi High Court directed the Customs Department to release a detained gold chain of an NRI, citing a lack of proper show cause notice or hearing. This decision highlights the…
NFRA invited applications for Chairperson and full-time members, offering a three-year tenure with assured salary and perks. This initiative highlights the government's efforts to…
The Supreme Court will rule on the taxability of charger mobile phones after a final hearing on March 27. This decision will clarify the tax treatment of mobile phone accessories.…
ITAT dismissed the revenue's appeal citing the cancellation of an old PAN, duly communicated, used for reopening assessment. This decision highlights the importance of accurate…
ITAT deleted an addition of expenditure citing business nature due to expenditure spent not exclusively for business. This decision clarifies the criteria for business expenditure…
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…
ITAT remanded a matter due to an income tax notice issued during COVID-19, where the AO added stamp duty difference as unexplained expenditure. This decision highlights the impact…
ITAT quashed a disallowance on tanker expenses due to lack of justification by the assessing officer. This decision highlights the importance of reasoned assessments. It…
CESTAT ruled that service tax requires an express agreement to tolerate an act, granting relief to Hindustan Zinc. This decision clarifies the conditions for levying service tax.…
ITAT quashed a disallowance on tanker expenses due to lack of justification by the assessing officer. This decision highlights the importance of reasoned assessments. It…
CESTAT rejected Eveready Industries' excise refund claim by virtue of the unjust enrichment doctrine. This decision highlights the application of legal principles in refund cases.…
ITAT upheld no TDS liability for Patel Engineering Ltd., confirming the deletion of disallowance under Section 40A ia . This decision clarifies the TDS obligations in specific…
CESTAT set aside a service tax demand on export services, granting relief to Tata Chemicals. This decision clarifies the tax treatment of export services. It underscores the…
The Supreme Court clarified that a High Court cannot direct the Enforcement Directorate ED to register an Enforcement Case Information Report ECIR merely on a prima facie finding…
Vobble has secured funding to launch an AI-powered audio pocket player for kids. The funding will support the development and launch of the innovative product. The AI-powered…
Chhattisgarh's Dantewada district has adopted blockchain technology to prevent tampering of land records. The initiative aims to enhance transparency and security in land…
Haryana, Maharashtra, Karnataka, Gujarat, and Tamil Nadu topped GST collections in February 2025. This data highlights the economic strength of these states and their contribution…
FM Sitharaman launched a digital credit assessment model for MSMEs to streamline loan approvals. This initiative aims to enhance financial access for small businesses by…
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.…
K-RERA has ordered the BDA to pay ₹12.5 lakh for site delays. The order highlights the regulatory body's commitment to protecting homebuyers' rights. This action underscores the…
The Reserve Bank of India's RBI post-COVID gold additions are the second highest globally. This reflects the RBI's strategy to diversify its reserves and enhance economic…
Nestle India has received a warning letter from SEBI regarding insider trading norms. The letter indicates potential non-compliance with regulatory requirements. SEBI's action…
Uber has expanded its same-day delivery service with Courier XL. This enhancement aims to provide businesses with more flexible and efficient delivery options. Courier XL will…
After launching in Malaysia, Razorpay has expanded its services to Singapore. This move marks Razorpay's continued international expansion in the Southeast Asian market. The…
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 RBI has imposed penalties on Faircent, Finzy, and other NBFCs for non-compliance with regulatory norms. The penalties underscore the RBI's commitment to enforcing financial…
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…
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