The Kerala High Court has ruled that the BUDS Act does not take precedence over proceedings under the SARFAESI and IBC. This decision clarifies the hierarchy of legal provisions.…
26/02/20251 min read
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The Kerala High Court has ruled that the BUDS Act does not take precedence over proceedings under the SARFAESI and IBC. This decision clarifies the hierarchy of legal provisions.…
The Bombay High Court has addressed a case regarding compensation for unauthorized house demolition by the Navi Mumbai Municipal Corporation. This decision highlights the…
The Rajasthan High Court has addressed a case regarding medical students' attendance shortage in an MBBS course. This decision highlights the importance of adhering to attendance…
The Delhi High Court has ruled that retrospective pay reduction without prior notice and recovery of excess payments after 19 years is not permissible. This decision highlights…
The Jammu and Kashmir High Court has addressed a criminal complaint against a journalist in a hospital ambulance misuse case. This decision highlights the importance of…
The Bombay High Court has addressed Volkswagen's import duty demand of ₹14 billion, focusing on the customs authority's limitation for issuing a show cause notice. This decision…
The Allahabad High Court has addressed a case where the place of arbitration was not mentioned in an arbitral award. This decision highlights the importance of clear and complete…
The Karnataka High Court has addressed the suspension of a constable for sleeping on duty, emphasizing work-life balance. This decision highlights the importance of balancing work…
The Kerala High Court has ruled that temporary and permanent flag masts or poles cannot be erected without permission from competent authorities. This decision highlights the…
Micromax is making a foray into the renewable energy space. This move highlights Micromax's diversification strategy. It underscores the importance of exploring new market…
The Madras High Court has ruled that an adulterer can be made a co-accused when details are known. This decision clarifies the legal implications of adultery. It ensures that…
The Telangana High Court has ruled on the limitation period to challenge land acquisition compensation under Section 30 of the Land Acquisition Act. This decision clarifies the…
The Commercial Court in Jammu has restrained M/s Take One JK Media Pvt. Ltd. from illegally broadcasting Star India's content, including the ICC Champions Trophy 2025. This…
The NCLAT has ruled that a COC's rejection of a resolution plan by a suspended director cannot be interfered with if no expression of interest was submitted despite participation…
The Andhra Pradesh High Court has rejected an SVLDRS application over an unauthorized notice, ruling that only a Superintendent or JAC had the authority. This decision highlights…
The CESTAT has ruled that there is no service tax on installation charges on machinery imported under the EPCG scheme. This decision clarifies the tax treatment of installation…
Welspun One has announced a ₹1,000 crore co-investment programme in the warehousing sector. This investment highlights the growing interest in logistics and warehousing. It…
The CESTAT has ruled that a tribunal is not competent to remand a matter back to an authority other than the one which passed the original order. This decision clarifies the…
boAt has received its board's nod for an IPO to raise INR 500 crore via a fresh issue. This move highlights boAt's progress towards a public listing. It underscores the importance…
Zepto is expanding its Tamil Nadu footprint with over 20 dark stores. This expansion highlights Zepto's growth strategy in the quick commerce sector. It underscores the importance…
The Income Tax Department is cracking down on massive incorrect TDS filings, auditing taxpayers. This action highlights the department's efforts to enforce TDS compliance. It…
The Delhi High Court has rejected a husband's request to inquest income tax discrepancies of his wife's kin, citing violation of fundamental statutory rights. This decision…
The Madras High Court has remanded a matter for fresh consideration regarding a GST show cause notice uploaded belatedly in the portal. This decision highlights the importance of…
The ICAI has introduced a new balance sheet format for non-corporate entities, forecasting increased audit reporting and compliance. This change highlights the importance of…
TDS/TCS rate changes from April 1, 2025, are announced, providing essential information for taxpayers. This announcement highlights the importance of staying updated on tax…
The ITAT has rejected DVO valuations, ensuring equal treatment among co-owners. This decision highlights the importance of fair valuations in tax assessments. It ensures that…
Wipro has committed $200 million to its venture arm to deepen its AI portfolio. This investment highlights Wipro's strategic focus on AI. It underscores the importance of…
A Mumbai CA has been duped of ₹1 crore by a fraudster posing as a secretary in an accounting contract scam. This incident highlights the risks of financial fraud. It underscores…
The Finance Ministry has continued countervailing duty on saccharin imports from China. This decision highlights the government's efforts to protect domestic industries. It…
The CESTAT has rejected PFCL's crore refund claim on employee secondment to a subsidiary, observing service tax collection from PFCL. This decision highlights the importance of…
The ITAT has ruled that shareholders' accounts are to be taxed under life insurance business provisions in the Kotak Mahindra Life Insurance case. This decision clarifies the tax…
The ITAT has deleted an addition, holding the assessee's explanation on cash deposits as sufficient. This decision highlights the importance of considering explanations in tax…
The Madras High Court has set aside orders regarding GST paid voluntarily before the issuance of a demand order, calling it ex-parte. This decision highlights the importance of…
The ITAT has remanded a matter for fresh assessment over a delay in filing an audit report under Form 10BB. This decision highlights the importance of timely filing of audit…
LIC has received a GST demand notice for excess ITC availment. This notice highlights the importance of accurate ITC claims. It underscores the need for proper documentation and…
Shree Cement faces a GST demand for valuation discrepancies and excess ITC. This demand highlights the importance of accurate GST compliance. It underscores the need for proper…
The government has partnered with Paytm to provide mentorship, market access, and funding to startups. This collaboration aims to boost the startup ecosystem. It underscores the…
The Supreme Court has deferred a matter regarding extending the limitation to adjudicate a GST SCN by notification under Section 168A, observing varying High Court opinions. This…
The ITAT has deleted a ₹1 crore addition under Section 69A, holding bad debt recovery as business income. This decision clarifies the tax treatment of bad debt recoveries. It…
The Bombay High Court has ordered the CVC and CBIC to consider a whistleblower customs officer's protection plea. This decision highlights the importance of protecting…
Tax experts are seeking clarity on NPO concessions and commercial activity in the Income Tax Bill 2025. This request highlights the need for clear guidelines on NPO taxation. It…
The CBDT has mandated e-filing for business trusts and AIFs under new tax rules. This move aims to streamline tax compliance and enhance transparency. It ensures that these…
VeeFin has allotted shares worth INR 8.2 crore under its ESOP scheme. This allotment highlights VeeFin's efforts to incentivize employees. It underscores the importance of…
Swiggy has allotted crores worth of shares under its ESOP scheme to employees. This allotment highlights Swiggy's efforts to incentivize its workforce. It underscores the…
EaseMyTrip has received an INR 17 lakh GST penalty notice. This penalty highlights the importance of accurate GST compliance. It underscores the need for proper documentation and…
Vidyut has bagged $2.5 million to expand its BaaS offerings for the passenger and commercial EV segments. This funding highlights the growing interest in the electric vehicle…
PhonePe has picked four banks for its IPO, seeking a valuation of up to $15 billion. This move highlights PhonePe's progress towards a public listing. It underscores the…
Darwinbox is seeking fresh funding of up to $150 million. This funding round highlights the company's growth trajectory and ambition. It underscores the importance of securing…
Quick Clean has bagged $6 million to offer sustainable laundry solutions. This funding highlights the growing interest in sustainable solutions. It underscores the importance of…
Cross-border fintech startup HiWiPay has raised $2 million from Unicorn India Ventures and others. This funding highlights the growing interest in the fintech sector. It…
The Kerala High Court has ruled that the BUDS Act does not take precedence over proceedings under the SARFAESI and IBC. This decision clarifies the hierarchy of legal provisions.…
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