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The Supreme Court has ruled that final determination of tax liability is not mandatory prior to arrest; a commissioner may authorize arrest if there are explicit reasons to…
The Supreme Court has ruled that final determination of tax liability is not mandatory prior to arrest; a commissioner may authorize arrest if there are explicit reasons to…
InMobi's Glance is set to raise ₹200 crore in debt. This move highlights Glance's efforts to secure financial backing. It underscores the importance of raising capital for…
The CESTAT remanded a matter regarding a challenge on service tax liability on income generated out of renting out immovable properties of a municipality. This decision highlights…
The ITAT upheld an order of the CITA, ruling that a barcode-backed tax invoice was wrongly treated as bogus. This decision highlights the importance of considering all evidence in…
The NFRA will select audit firms handling audits of multiple listed companies for the next phase of inspection. This action highlights the NFRA's efforts to enhance audit quality.…
The Supreme Court has ruled that a GST commissioner may authorize arrest without an assessment order in serious offences if reasons are established to a degree of certainty. This…
Income tax officials are demanding detailed household expense reports, sparking scrutiny over spending. This action highlights the department's efforts to ensure accurate tax…
The Delhi High Court has advocated for a legal framework to combat e-infringement by e-commerce players. This decision highlights the importance of protecting intellectual…
The Supreme Court has ruled that a power of attorney with an agreement to sell does not create an agent's interest in property, and such a GPA gets revoked on the principal's…
The Supreme Court has ruled that final determination of tax liability is not mandatory prior to arrest; a commissioner may authorize arrest if there are explicit reasons to…
The ITAT condoned a 162-day delay for a 72-year-old farmer misguided by a tax consultant and ordered a fresh assessment. This decision highlights the importance of considering…
Vicky Kaushal's "Chhaava" has been declared tax-free in states, with other BJP-ruled states likely to follow suit. This decision highlights the use of tax exemptions for cultural…
Zydus Wellness has received a ₹56.33 crore GST demand over the Heinz IP rights deal. This demand highlights the importance of accurate GST compliance in intellectual property…
The Kerala FM has urged GST compensation grants for states amid fuel price hikes. This request highlights the financial challenges faced by states. It underscores the importance…
LIC has been hit with a crore GST demand for alleged short reversal of ITC. This demand highlights the importance of accurate GST compliance in the insurance sector. It…
The Supreme Court has ruled that an anticipatory bail application is maintainable against arrest under the GST Act, overruling its previous judgments. This decision clarifies the…
The Supreme Court will hear a plea challenging the Gujarat High Court's order allowing law graduates from an unrecognized college to appear for judicial exams. This highlights the…
EaseMyTrip has been hit with a ₹17.35 lakh GST penalty for return mismatch. This penalty highlights the importance of accurate GST return filings. It underscores the need for…
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 CESTAT set aside a customs broker license revocation order due to unjustified procedural delays by authorities. This decision highlights the importance of timely…
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 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 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 restored a registration rejection, ruling that there was no trust towards a sports trust on foreign expenditure. This decision highlights the importance of transparency…
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 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 government appointed Tuhin Kanta Pandey as SEBI's new chairman. This appointment highlights the government's efforts to strengthen regulatory bodies. It underscores the…
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 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 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 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 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 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…
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 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 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 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 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…
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 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…
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…
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…
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…
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…
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…
Tracxn shares have slumped 6% to hit a new all-time low. This market movement highlights the volatility in the stock market. It underscores the impact of market trends on company…
Delhivery shares have slid 4% to touch a fresh all-time low. This market movement highlights the volatility in the stock market. It underscores the impact of market trends on…
The Madras High Court set aside the conviction of a husband for setting his wife ablaze. This decision highlights the importance of thorough evidence in criminal convictions. It…
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 Supreme Court has ruled that final determination of tax liability is not mandatory prior to arrest; a commissioner may authorize arrest if there are explicit reasons to…
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