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The Bombay High Court is set to decide if donuts should be taxed at 5% or 18% GST. This action highlights the court's role in clarifying GST classifications. It underscores the…
Darwinbox secured $140 million to boost its tech stack and overseas expansion. This funding highlights the company's growth ambitions and its focus on technological innovation and…
OYO expects INR 1,100 crore net profit in FY26, according to Ritesh Agarwal. This profit projection highlights the company's positive outlook and its efforts to achieve…
The Delhi HC disposed of Apcotex's anti-dumping duty dispute after the domestic industry withdrew its claim for duty imposition. This action highlights the resolution of trade…
DGFT updated the SION for Metronidazole Gel. This update highlights the DGFT's efforts to maintain accurate trade data. It underscores the importance of up-to-date information.…
AICMAA issued a directive that official communication to government bodies shall be issued only by the President, Secretary, or authorized spokesperson. This directive highlights…
The CCI ruled that the supply of Microsoft Defender antivirus with Windows OS is not an abuse of dominant position. This decision highlights the CCI's role in assessing…
AAR ruled that milling services for PDS flour are exempt from GST as the goods component stays below the threshold. This decision clarifies the GST exemption for specific…
Falca crossed ₹350 crore in revenue in FY24, but losses soared 3x. This data highlights the financial performance of Falca. It underscores the importance of analyzing revenue and…
The Madras High Court ruled that an insurance company has to compensate for a death caused by an intoxicated driver. This decision clarifies the liability of insurance companies…
The Delhi Police moved the High Court against an order to supply a list of unrelied documents to Bibhav Kumar in the Swati Maliwal assault case. This action highlights the ongoing…
ITAT dismissed GAIL's appeal as withdrawn after opting for the Vivad se Vishwas scheme, providing relief. This decision highlights the benefits of the Vivad se Vishwas scheme. It…
The Bombay HC denied SASF's prospective tax relief, upholding retrospective VAT liability on past sales. This decision clarifies the tax obligations for past transactions. It…
The Bombay HC ruled that SASF is a deemed dealer under the MVAT Act, liable for VAT on movable asset sales. This decision clarifies the VAT obligations for specific entities. It…
The Kerala HC ruled that BUDS have no precedence over proceedings under the SARFAESI Act or IBC, in the case of HDB Financial Services. This decision clarifies the hierarchy of…
The Delhi HC quashed an order levying TDS on Salesforce's revenue. This decision clarifies the TDS obligations for specific revenue streams. It underscores the importance of…
The Supreme Court issued a notice to the Telangana Assembly Speaker regarding the delay in deciding disqualification petitions related to BRS MLAs' defection to Congress. This…
The Supreme Court asked Akali leader Bikram Singh Majithia to appear before Punjab Police for investigation in a drugs case. This directive emphasizes the importance of…
The Supreme Court ruled that the IBC moratorium does not bar the execution of penalties imposed under the Consumer Protection Act. This decision clarifies the interplay between…
Telangana's GST growth dropped to a shocking 1%, the lowest in India. This data highlights the state's economic challenges. It underscores the importance of monitoring economic…
The Delhi HC exempted IGST on re-imported aircraft parts after repairs, providing major relief for InterGlobe Aviation. This decision clarifies the GST treatment of re-imported…
The Rajasthan GST Department issued guidelines for virtual hearings in GST cases. This action highlights the department's efforts to enhance efficiency through technology. It…
ITAT ruled that capital gains from trademark sale by Johnson & Johnson are long-term, stating non-eligibility for depreciation. This decision clarifies the tax treatment of…
ITAT dismissed the revenue's appeal against Oriental Insurance, ruling that Section 14A disallowance is not applicable. This decision clarifies the applicability of Section 14A…
ITAT quashed a PCIT's revision under Section, finding that the AO conducted proper verification of investment and ESI payments. This decision highlights the importance of proper…
AAR ruled that GST is applicable on the service of hiring fitted assets such as AC, fire sprinklers, DG sets, and electric installations. This decision clarifies the GST treatment…
Delhivery allotted 1.48 lakh shares under its ESOP scheme. This allotment highlights Delhivery's efforts to incentivize its employees. It underscores the importance of employee…
ITAT quashed a penalty order for late filing of a tax return, ruling it time-barred. This decision highlights the importance of adhering to statutory timelines. It underscores the…
ITAT dismissed the revenue's appeal against Sun Gold Capital Limited due to low tax effect, as per CBDT circular. This decision highlights the application of CBDT circulars…
ITAT deleted a penalty under Section 271D for cash receipt from ancestral land sale, citing bona fide belief. This decision highlights the importance of considering genuine…
The Madras HC quashed a disciplinary case against a GST Deputy Commissioner, citing no corrupt motive. This decision highlights the importance of proving corrupt intent in…
An updated list of banks enabled for direct tax payments on the e-filing portal has been released. This update highlights the government's efforts to enhance the convenience of…
The Allahabad HC ruled that seizure under the GST Act can be made on the ground of undervaluation. This decision clarifies the grounds for seizure under GST. It underscores the…
NCLAT ruled that the issuance of a demand notice to a personal guarantor under Rule 7 of the Personal Guarantors Rules does not amount to invocation of the guarantee. This…
The government is likely to grant a 2-month window for credit notes and ITC. This move highlights the government's efforts to provide relief to taxpayers. It underscores the…
GST taxpayers will get two months to accept or reject credit notes under amended CGST rules. This update highlights the government's efforts to provide taxpayers with more…
Industries of Indore submitted proposals for infrastructure advancement ahead of the Finance Commission team visit. This action highlights the region's efforts to secure funding.…
AWS discussed an $8.3 billion Maharashtra investment plan with Ashwini Vaishnaw, according to reports. This discussion highlights AWS's commitment to expanding its infrastructure…
Jio Financial Services is set to buy SBI's stake in Jio Payments Bank. This acquisition highlights Jio's strategy to consolidate its banking operations. It underscores the…
The CCI approved Shell's 100% acquisition of Raj Petro Specialities. This approval highlights the regulatory oversight of mergers and acquisitions. It underscores the importance…
The Gujarat HC upheld a refund under Section 54 3 to Patanjali Foods, regarding unutilized GST ITC. This decision clarifies the conditions for GST ITC refunds. It underscores the…
The Allahabad HC issued guidelines on the rights of other consortium members when one member goes into insolvency, in the Noida Sports City scam case. This decision highlights the…
AAR ruled that 18% GST is applicable on PVC raincoats. This decision clarifies the GST rate for specific products. It underscores the importance of accurate classification. This…
FluxGen secured INR 28 crore to scale up its AI-powered water intelligence solutions. This funding highlights investor interest in sustainable technology solutions. It underscores…
The Heavy Industries Ministry issued a notice to Ola Electric for failing to meet PLI commitments, according to a report. This action highlights the government's enforcement of…
Paytm launched a new feature for stock trading with auto-payment deductions. This feature highlights Paytm's efforts to enhance its stock trading platform. It underscores the…
Kissht co-founders' AI debt resolution platform bagged $3.5 million led by 3one4 Capital. This investment highlights the growing interest in AI-driven debt resolution solutions.…
Micro-investing startup Deciml netted $3 million to boost product offerings. This funding highlights investor confidence in Deciml's business model. It underscores the importance…
ITAT ruled an appeal infructuous due to the denial of a Section 80P deduction over late filing. This decision highlights the importance of adhering to statutory timelines. It…
India is tipped to become the second biggest market for ManageEngine, according to a Zoho executive. This forecast highlights the growing demand for IT management solutions in…
The Bombay High Court is set to decide if donuts should be taxed at 5% or 18% GST. This action highlights the court's role in clarifying GST classifications. It underscores the…
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