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CESTAT ruled that reimbursements received cannot be considered as consideration towards any taxable service. This clarification highlights the distinction between reimbursements…
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…
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…
Post-RERA, 1.19 lakh projects comprising 97.14 lakh units have been registered. This data highlights the impact of RERA on the real estate sector. It underscores the importance of…
Shifting headquarters from Kolkata to Bengaluru increased company valuation by 50%, claims entrepreneur; netizens say pincode matters. This claim highlights the potential impact…
FirstCry's Chief of Staff, Sanket Hattimattur, has quit. This departure highlights changes in FirstCry's leadership team. It underscores the importance of leadership stability.…
A report tracks the growth of H&M, Zara, and Uniqlo in India during FY24. This analysis highlights the competitive dynamics in the Indian retail market. It underscores the…
The Kerala High Court ruled that rape on a false promise of marriage is not an offense if the man is already married. This decision clarifies the legal implications of false…
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 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…
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…
PB Fintech shares have dropped 4% during intraday trading. This market movement highlights the volatility in the stock market. It underscores the impact of market trends on…
The ITAT dismissed appeals and sustained additions for unexplained items found during a search, citing evidentiary value. This decision highlights the importance of providing…
The ITAT ruled that a registration rejection order was invalid due to insufficient time given to the assessee. This decision highlights the importance of providing taxpayers with…
The ITAT remanded a matter to the CITA for de novo disposal regarding the addition of unexplained foreign remittances. This decision highlights the importance of thorough…
The ITAT allowed a deduction under Section 80P 2 d for interest income from cooperative banks. This decision clarifies the tax treatment of interest income from cooperative banks.…
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 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…
A plea was filed in the Punjab and Haryana High Court for the implementation of the Supreme Court's guidelines regarding the demolition of alleged drug peddlers' properties in…
The CESTAT set aside a customs broker license revocation order due to unjustified procedural delays by authorities. This decision highlights the importance of timely…
The ITAT allowed Oxford University Press to withdraw an appeal as it opted for the Vivad se Vishwas Scheme 2024. This decision highlights the benefits of opting for settlement…
The Calcutta High Court ruled that gratuity dues of workers are not part of the liquidation estate of a corporate debtor. This decision highlights the importance of protecting…
The government appointed Tuhin Kanta Pandey as SEBI's new chairman. This appointment highlights the government's efforts to strengthen regulatory bodies. It underscores the…
A state tax department recovered ₹11.18 lakh in penalties in a major GST violation case. This action highlights the state's efforts to enforce GST compliance. It underscores the…
The Madhya Pradesh High Court addressed bail in a case involving social media passwords, mobile phone data, body fluids, and blood samples of the accused. This decision highlights…
The Delhi ITAT quashed a revision against OYO, ruling that transactions between holding and subsidiary companies for the issuance of shares are not covered under Section 56 2 viib…
The Allahabad High Court issued an order regarding the Noida Sports City development project. This decision highlights the court's role in addressing urban development issues. It…
A Bengaluru ITAT tax ruling was overturned due to AI-generated fake citations. This incident highlights the risks of using AI in legal proceedings. It underscores the importance…
The CBDT clarified its risk management strategy for search and survey cases under the amended IT Act. This clarification highlights the CBDT's efforts to enhance transparency in…
The Income Tax Department issued notices over Section 87A rebate claims on capital gains. This action highlights the department's efforts to ensure accurate tax filings. It…
Sony India faced a setback as the ITAT dismissed its low tax effect plea in a non-TDS/TCS deduction in a double taxation matter. This decision highlights the importance of…
The CESTAT ruled that export duty is not payable on Indian refractory mortar. This decision clarifies the tax treatment of refractory materials. It ensures that businesses are not…
The Supreme Court deplored the practice of making oral mentions to modify orders/judgments, stating that judicial verdicts are not like sand dunes. This decision highlights the…
The Delhi High Court upheld a ₹28 crore arbitration award against Bajaj Finance over the sale of security. This decision highlights the court's role in enforcing arbitration…
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…
The ITAT ruled that a notice under Section 148 is invalid due to an expired limitation period. This decision highlights the importance of adhering to statutory timelines. It…
The ITAT directed the CITA to re-adjudicate an appeal citing failure to address key grounds relating to Section 115JB and MAT credit. This decision highlights the importance of…
The NCLAT ruled that electricity is an essential supply and cannot be disconnected during the CIRP period under the IBC. This decision highlights the importance of maintaining…
The ITAT directed the deletion of an income tax addition, ruling that the quantity of jewelry was under the limit prescribed by a circular. This decision clarifies the tax…
The Commerce Ministry appointed new members to the Tobacco Board for a three-year term. This appointment highlights the government's efforts to regulate the tobacco industry. It…
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…
EV two-wheeler registrations slipped 27% MoM in February, with Bajaj taking the top spot. This data highlights the fluctuations in the EV market. It underscores the importance of…
Post-RERA, 1.19 lakh projects comprising 97.14 lakh units have been registered. This data highlights the impact of RERA on the real estate sector. It underscores the importance of…
The Chhattisgarh High Court set aside an Income Tax Department order demanding a 20% deposit amount to stay a tax demand. This decision highlights the importance of fair…
The ITAT allowed the claim for exemption under Section 11 5 for music education trusts, citing eligibility. This decision clarifies the tax treatment of educational trusts. It…
The ITAT upheld the disallowance of bad debts, limiting it to unrecovered debtors' balances. This decision clarifies the tax treatment of bad debts. It ensures that disallowances…
The NCLAT ruled that the rejection of a resolution plan by a suspended director cannot be interfered with in the absence of an expression of interest. This decision highlights the…
The CESTAT Kolkata ruled that packaging services are manufacturing and exempt from service tax. This decision clarifies the tax treatment of packaging services. It ensures that…
The ITAT upheld a threshold limit, dismissing a revenue appeal due to a CBDT circular. This decision highlights the importance of adhering to CBDT guidelines. It ensures that tax…
The ITAT restored a registration rejection, ruling that there was no trust towards a sports trust on foreign expenditure. This decision highlights the importance of transparency…
CESTAT ruled that reimbursements received cannot be considered as consideration towards any taxable service. This clarification highlights the distinction between reimbursements…
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