News & Judgements

Shailendra Ajmera has been appointed as the new IRP in Byju's insolvency saga. This appointment highlights the ongoing insolvency proceedings. It underscores the importance of…

A US bankruptcy court ruled in favor of creditors in the Byju's vs. TLB lenders dispute. This decision highlights the legal challenges faced by Byju's. It underscores the…

Paytm will resolve FEMA allegations linked to Little and Nearbuy. This move highlights Paytm's efforts to address regulatory concerns. It underscores the importance of compliance…

The Allahabad High Court ruled that the ED must mention details of the predicate offence in PMLA summons. This decision highlights the importance of clarity in ED summons. It…

A Mumbai court ordered an FIR against ex-SEBI chief Madhabi Puri Buch and BSE officials to investigate corruption allegations. This decision highlights the court's role in…

The Supreme Court is mulling a strong and robust mechanism against caste discrimination in colleges, reviewing draft regulations prepared by the UGC. This decision highlights the…

France imposes a tax on music played at funerals following a copyright row. This unique tax highlights the intersection of copyright law and cultural practices. It underscores the…

NCLAT ruled that an application under Section of the IBC must not be entertained when the debt is not unequivocally admitted by the corporate debtor. This decision clarifies the…

The Orissa HC rejected the pre-arrest bail of a GST officer accused of embezzling ₹71.03 lakhs in public funds. This decision highlights the seriousness of embezzlement charges.…

The Jharkhand HC ruled in favour of Castrol India, stating that retaining the balance amount after the reduction of VAT demand is violative of the Constitution. This decision…

CESTAT quashed the confiscation of gold due to the absence of recorded reasonable belief for a smuggling case. This decision highlights the importance of reasonable belief in…

CESTAT ruled that reimbursements received cannot be considered as consideration towards any taxable service. This clarification highlights the distinction between reimbursements…

CESTAT quashed a demand order due to a lack of evidence against clandestine clearance allegations and slashed the penalty on directors. This decision highlights the importance of…

The Income Tax Bill 2025 may extend GAAR-based reassessments beyond time limits. This provision highlights potential changes in tax reassessment procedures. It underscores the…

UPI transactions declined in February but remain strong YoY. This data highlights the fluctuations in digital payment usage. It underscores the importance of analyzing transaction…

ITAT struck down a ₹ lakh penalty under Section 271E, as there was reasonable cause on the assessee's part. This decision highlights the importance of reasonable cause in penalty…

The Finance Ministry revises customs tariff values for palm oil, soya bean oil, gold and silver, and areca nuts. This revision highlights the government's efforts to manage trade…

The Rajasthan HC ruled that no income tax reassessment notice under Section 148 may be issued after the statutory limitation, referring to the SC decision in Rajeev Bansal. This…

The Madras HC upheld the concessional rate of GST for contract services to the railway. This decision clarifies the GST applicability to railway contracts. It underscores the…

The Kerala HC directed the Income Tax Department to dispose of an income tax appeal filed 8 years ago. This direction highlights the need for timely resolution of appeals. It…

The Kerala HC rejected a writ petition as premature, regarding the denial of a cross-examination request in Income Tax Act proceedings. This decision highlights the importance of…

The Kerala HC directed the Income Tax Commissioner to dispose of an appeal against an income tax assessment order. This direction highlights the need for timely resolution of tax…

SEBI issued a circular on the regulatory framework for specialized investment funds. This circular aims to enhance the regulatory oversight of specialized investment funds. It…

Voltas has been hit with a GST demand alleging tax discrepancies and excess input credit. This demand highlights the importance of accurate GST compliance for businesses. It…

ITAT ruled that the absence of Form 3CL alone cannot justify the denial of weighted deduction for R&D expenditure. This decision clarifies the requirements for R&D deductions. It…

India's financial report details revenue collected and spent. This report highlights the government's financial performance. It underscores the importance of transparency in…

The ITAT quashed a final assessment order as it was passed beyond the period of limitation. This decision highlights the importance of adhering to statutory timelines in tax…

CESTAT quashed a service tax demand on an auto service provider, holding VAT-paid transactions not liable. This decision clarifies the tax treatment of VAT-paid transactions. It…

The Kerala HC stayed recovery proceedings under the Income Tax Act regarding TDS demand on consultant doctors of Muthoot Health Care. This decision highlights the court's role in…

The Rajasthan HC set aside proceedings under Section 148A of the Income Tax Act due to procedural violation, specifically an invalid bank account in the ITR filed. This decision…

India Cements received a ₹48 lakh GST demand notice for alleged excess ITC claim. This demand highlights the importance of accurate GST compliance. It underscores the need for…

The Telangana HC ruled that valid judicial scrutiny cannot be done on GST SCN orders issued without the signature of a proper officer. This decision highlights the importance of…

GST collections rose in February. This increase highlights the positive trend in GST revenue. It underscores the importance of efficient tax collection. This move reflects the…

SEBI revised and clarified nomination norms for demat accounts and mutual fund portfolios. This revision aims to enhance investor protection. It underscores the importance of…

ICMAI issued an advisory against illegal agitation by members on the Income Tax Bill inclusion. This advisory highlights the importance of maintaining professional conduct. It…

The ITAT ruled that rental income from business assets is to be taxed under "income from house property," not as business income. This decision clarifies the tax treatment of…

The ITAT ruled that the Income Tax amendment of Section 80AC is not retrospective and allowed an 80P deduction. This decision clarifies the applicability of tax amendments. It…

The Lok Sabha Select Committee will review the Income Tax Bill 2025 on March 6-7. This review highlights the ongoing legislative process for tax reforms. It underscores the…

The Kerala HC dismissed a writ petition challenging the Kerala Tax on Luxuries Act due to the availability of a statutory remedy. This decision highlights the importance of…

The ITAT ruled that verified share transactions with demat statements cannot be treated as bogus income without concrete proof. This decision highlights the importance of…

The Delhi HC ruled that a Section 153C reassessment is invalid without incriminating evidence and requires a two-tier AO satisfaction even before the 2015 amendment. This decision…

The CITA allowed an 87A rebate on special rate incomes in an income tax appeal. This decision clarifies the applicability of the 87A rebate. It ensures that taxpayers are not…

A Delhi court allowed the police to withdraw a sedition case against Shehla Rashid. This decision highlights the court's role in reviewing sedition charges. It underscores the…

The Kerala High Court clarified that a prima facie finding at the bail application stage does not impact the trial or investigation. This decision highlights the limited scope of…

The Karnataka High Court issued a judgment on a government order regarding the payment of wages under the Industrial Disputes Act. This decision clarifies the legal requirements…

The Madhya Pradesh High Court ruled that anticipatory bail is maintainable even for a declared absconder against whom a charge sheet has been filed. This decision clarifies the…

The Bombay High Court ruled that a marriage under the Special Marriage Act is not illegal merely because either spouse did not live in the district where the marriage was…

The Jammu and Kashmir High Court dismissed an appeal due to a delay in obtaining sanction for filing the appeal. This decision highlights the importance of adhering to procedural…

The Karnataka High Court quashed a criminal case against Jain University students for a derogatory skit against Ambedkar and Dalits. This decision highlights the court's role in…

The Rajasthan High Court addressed a PIL against overloaded dumpers. This decision highlights the court's role in addressing public safety and environmental concerns. It ensures…