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The Supreme Court warned Nowhera Shaik in the Heera Gold scam to return ₹25 crore to investors or go to jail. This action highlights the court's concern over financial fraud. It…
The Kerala High Court addressed the issue of drugs being supplied to school-going children under the NDPS Act. This action highlights the court's concern over drug abuse among…
NCLT Mumbai directed a refund, ruling that payments made from a corporate debtor's account post-CIRP commencement without IRP approval breach the moratorium. This decision…
ITAT dismissed Amrita Heart Care Foundation's appeal as withdrawn after CITA's approval in Form 10AS. This decision highlights the importance of resolving disputes through…
ITAT ruled that Federal Bank's appeal is not maintainable following a High Court's order to reassess. This decision highlights the importance of adhering to judicial orders. It…
EPFO introduced new rules providing a minimum ₹50,000 benefit for short service tenure. This action highlights the government's efforts to enhance social security benefits. It…
CESTAT allowed the appeal of Mumbai Port Trust, citing a service tax demand order received one month belatedly after its issuance. This decision highlights the importance of…
The Supreme Court ruled that chargers sold with cell phones cannot be taxed separately under the UP VAT Act. This decision clarifies the tax treatment of bundled products. It…
A former SoftBank executive's son raised $150 million for his India-focused fund. This funding highlights the continued interest in the Indian startup ecosystem and the role of…
The Delhi High Court ruled that CESTAT cannot reject an appeal merely because the pre-deposit was made in the wrong account, especially when rules were unclear. This decision…
CESTAT allowed the appeal of Mumbai Port Trust, citing a service tax demand order received one month belatedly after its issuance. This decision highlights the importance of…
CESTAT allowed Kotak Mahindra to avail CENVAT credit on insurance premiums paid. This decision clarifies the eligibility for CENVAT credit on specific expenses. It underscores the…
FM Nirmala Sitharaman launched a new digital credit assessment model for MSMEs. This launch highlights the government's efforts to enhance financial access for small businesses.…
CESTAT classified MCPCBs as LED components, not independent lighting fixtures, in favor of Havells India. This decision clarifies the classification of electronic components for…
The Bombay HC ruled that CBDT cannot impose a limitation period for compounding through guidelines when the Income Tax Act does not prescribe one. This decision clarifies the…
The Bombay HC ordered full disallowance of bogus purchases under Section 69C due to lack of bank statements to prove transactions. This decision highlights the importance of…
FM Nirmala Sitharaman launched a new digital credit assessment model for MSMEs. This launch highlights the government's efforts to enhance financial access for small businesses.…
ITAT directed CITA to reconsider a deduction claim under Section 80P, as SIB Staff Credit Society won its appeal. This decision highlights the importance of thorough reviews in…
The Income Tax Department released a list of all banks enabled for the e-pay tax service on the e-filing portal. This action highlights the government's efforts to enhance digital…
ITAT directed CITA to reconsider a deduction claim under Section 80P, as SIB Staff Credit Society won its appeal. This decision highlights the importance of thorough reviews in…
CESTAT ruled that telecom towers & PBFS are goods & qualify as inputs under Rule K, allowing Vodafone Idea to avail CENVAT credit. This decision clarifies the classification of…
CESTAT ruled that telecom towers and shelters qualify as capital goods, entitling Vodafone Idea to CENVAT credit. This decision clarifies the classification of specific assets for…
ITAT Ahmedabad upheld the classification of interest income from employee loans as business income. This decision clarifies the tax treatment of specific income streams. It…
The Income Tax Department released a list of all banks enabled for the e-pay tax service on the e-filing portal. This action highlights the government's efforts to enhance digital…
Kannada actress Ranya Rao was arrested for smuggling crore-worth of gold at Bengaluru airport. This action highlights the enforcement of customs regulations. It underscores the…
DGFT simplified advance authorization closure amid shipping bill constraints. This action highlights the government's efforts to ease trade procedures. It underscores the…
The Mahakumbh boosted Uttar Pradesh's GST collections, contributing over ₹1,000 crore increase. This highlights the significant economic impact of large-scale events. It…
CBIC eased pet import rules, allowing final quarantine clearance at ports of entry. This action highlights the government's efforts to streamline import procedures. It underscores…
The Bombay High Court will decide whether donuts should be taxed at 5% or 18% GST. This action highlights the ongoing debate over GST classifications. It underscores the…
ITAT upheld CITA's deletion of addition of unexplained share application money and expenditure. This decision highlights the importance of providing valid evidence in tax…
ITAT remanded an unexplained investment addition of ₹ lakh to AO for fresh examination. This decision highlights the importance of thorough investigations in tax assessments. It…
ITAT restored a reassessment matter to CITA due to reassessment without reasons to believe. This decision highlights the importance of providing valid reasons in reassessment…
The RBI announced it will inject ₹1 lakh crore via OMO and a $10 billion forex swap to manage liquidity. This action highlights the central bank's proactive measures to stabilize…
Kannada actress Ranya Rao was arrested for smuggling crore-worth of gold at Bengaluru airport. This action highlights the enforcement of customs regulations. It underscores the…
ITAT remanded a discrepancy in the opening balance of furniture and fittings to AO for verification. This decision highlights the importance of accurate financial records. It…
A new UPI rule mandates banks to update numeric ID resolution by March. This action highlights the regulatory focus on enhancing UPI transaction security. It underscores the…
DGFT simplified advance authorization closure amid shipping bill constraints. This action highlights the government's efforts to ease trade procedures. It underscores the…
The Delhi HC quashed an income tax reassessment for General Electric, noting the lack of material evidence and mere reliance on past surveys. This decision highlights the…
ITAT restored a matter as CITA failed to decide on merits, where AO denied immunity from penalty for late filing of Form 28. This decision highlights the importance of reasoned…
DGFT restricted the import of platinum under HS code 7110, except for pure alloys. This action highlights the government's efforts to regulate precious metal imports. It…
The Madras HC dismissed a petition challenging GST demand on non-taxable receipts, citing the availability of statutory remedies. This decision highlights the importance of…
The Mahakumbh boosted Uttar Pradesh's GST collections, contributing over ₹1,000 crore increase. This highlights the significant economic impact of large-scale events. It…
The RBI announced it will inject ₹1 lakh crore via OMO and a $10 billion forex swap to manage liquidity. This action highlights the central bank's proactive measures to stabilize…
The new Income Tax Bill proposes that tax officers could gain access to emails and social media for tax scrutiny. This highlights the government's push for enhanced digital…
The Sattva Group, backed by Blackstone, filed for a ₹6,200 crore REIT public issue. This filing highlights the growing interest in real estate investment trusts and the potential…
Dubai registered 127 new property owners' committees to boost community governance. This action highlights the city's efforts to enhance transparency and accountability in…
The Wealth Company is eyeing a ₹10,000 crore raise in CY2025. This potential funding highlights the company's growth ambitions and its efforts to expand its market presence in the…
Oil India plans a 10% higher CAPEX for FY26 at ₹7,500 crore amid efforts to ramp up production. This plan highlights the company's commitment to increasing production and…
BluSmart's parent, Gensol Engineering, plans to cut debt by ₹665 crore through asset sales. This move highlights the company's efforts to improve its financial health and reduce…
Elon Musk's Tesla is set to establish its first India showroom in Mumbai's BKC. This move highlights Tesla's entry into the Indian market and its efforts to expand its global…
The Supreme Court warned Nowhera Shaik in the Heera Gold scam to return ₹25 crore to investors or go to jail. This action highlights the court's concern over financial fraud. It…
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