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FPIs have withdrawn ₹23,710 crore from equities in February, with a total outflow of ₹1 lakh crore in 2025. This withdrawal highlights the volatility in the Indian stock market.…
The Karnataka Real Estate Regulatory Authority K-RERA has failed to recover 88% of ₹758 crore refund amount. This failure highlights the challenges in enforcing RERA orders. It…
Mirae Asset Mutual Fund has launched funds based on security. This launch highlights the company's efforts to diversify its investment offerings. It underscores the importance of…
The ITAT has ruled that Section 14A income tax explanation provisions are not retrospective. This decision clarifies the applicability of tax provisions. It ensures that taxpayers…
The ITAT has ruled that no addition is to be made under Section 14A read with Rule 8D when no exempt income is earned by the assessee. This decision clarifies the applicability of…
The ITAT has backed a CIT A order deleting a crore income tax penalty on a ship breaker for lack of alleged international transactions documents. This ruling emphasizes the…
The ITAT has ruled that sundry debtors do not qualify as unexplained income under Section 68. This decision clarifies the tax treatment of sundry debtors. It ensures that…
The ITAT has restored a matter to the CIT A for addition based on a partner's statement without evidence. This ruling emphasizes the importance of providing evidence in tax…
The Andhra Pradesh High Court has addressed a PIL regarding the "anywhere registration" facility under the AP Stamps and Registration Act. This decision highlights the importance…
The Allahabad High Court has extended the stay on Mohammed Zubair's arrest in the Narsinghanand X posts case until February 27. This decision highlights the importance of…
The Andhra Pradesh High Court has addressed a case involving the loss of an MBBS seat and compensation for a medical aspirant. This decision highlights the importance of fairness…
The NCLAT has ruled that relief under IBC Section 60 5 on liquidator rejection of claims is unavailable when the remedy under IBC Section 42 is not used. This decision clarifies…
The Allahabad High Court has ruled that a lack of e-tax invoice due to a GST portal glitch does not establish tax evasion when other transit documents are presented. This decision…
The Income Tax Bill 2025 has introduced major changes in deeming provisions under Sections 68-69D, significantly impacting taxpayers. These changes aim to tighten regulations on…
The NCLAT has ruled that a lone homebuyer has no right to challenge the approval of a resolution plan. This decision clarifies the rights of individual homebuyers in insolvency…
Virtual digital assets are now classified as undisclosed income under the Income Tax Act. This classification aims to bring clarity and regulation to the taxation of digital…
The Jammu and Kashmir High Court has addressed criminal proceedings against the Deputy Commissioner of Ganderbal for false statements. This decision highlights the importance of…
The Orissa High Court has addressed the validity of a preventive detention order, emphasizing the necessity of communicating the grounds of detention. This decision highlights the…
The Bombay High Court has granted relief to Lupin Ltd. by quashing an arbitrary reopening of income tax assessment, citing a lack of new evidence. This decision highlights the…
The ITAT has ruled that additional income from cash and excess stock is to be taxed as business income, not unexplained investment under Section 69A. This decision clarifies the…
The Income Tax Bill 2025 has introduced major changes in the profits and gains of business and profession. These changes aim to simplify tax procedures and enhance compliance. The…
The Supreme Court addressed a ruling on the cancellation of bail, emphasizing Article 21 of the Constitution. This decision clarifies the grounds for cancelling bail. It ensures…
The Supreme Court clubbed multiple FIRs against YouTuber Savukku Shankar over an online interview. This decision highlights the importance of consolidating legal proceedings. It…
The Supreme Court summoned the Rajasthan Chief Secretary regarding how a city can become "smart" without protecting water bodies/wetlands. This action underscores the importance…
The DGGI has uncovered a ₹700 crore GST fraud in Rajasthan, leading to the arrest of seven individuals. This operation highlights the ongoing efforts to combat tax evasion. The…
The RBI has allowed a withdrawal of ₹25,000 from New India Co-operative Bank accounts. This decision highlights the RBI's intervention to protect depositors' interests. It…
The Allahabad High Court addressed a case involving an advocate's ₹1 crore fees, relating to the Union Law Ministry's efforts to "save" CJI Dipak Misra from "humiliation." This…
The Madras High Court ruled that an appeal cannot be dismissed due to procedural delay if the assessee complied with statutory requirements, including pre-deposit. This decision…
The Orissa High Court addressed a case under the Probation of Offenders Act, where a convict was released despite convictions under Section 493 of the IPC. This ruling highlights…
The Delhi High Court ruled that conversational tweets on an X thread cannot be assessed in isolation to determine defamation. This decision clarifies the interpretation of online…
The Delhi High Court directed an NIA court to expeditiously decide MP Engineer Rashid's bail plea. This directive highlights the importance of timely bail decisions. It ensures…
The Kerala High Court addressed the withdrawal of a suit with liberty to file a fresh suit at the appellate stage. This decision clarifies the procedural aspects of withdrawing…
The Karnataka High Court upheld a criminal case against shop owners for selling bad quality insecticides. This ruling emphasizes the importance of quality control in agricultural…
The Karnataka High Court has addressed a protest rally by the Rashtriya Suraksha Janndolan Samithi. This decision highlights the importance of balancing freedom of assembly with…
The Kerala High Court has addressed an anticipatory bail plea for Congress leader and lawyer Laly Vincent in a CSR scam case. This decision highlights the importance of due…
The Telangana High Court has addressed a PIL regarding the denial of medical treatment at Osmania General Hospital to a patient without an Aadhaar card. This decision highlights…
The Andhra Pradesh High Court has addressed a PIL regarding the "anywhere registration" facility under the AP Stamps and Registration Act. This decision highlights the importance…
The Allahabad High Court has extended the stay on Mohammed Zubair's arrest in the Narsinghanand X posts case until February 27. This decision highlights the importance of…
The Andhra Pradesh High Court has addressed a case involving the loss of an MBBS seat and compensation for a medical aspirant. This decision highlights the importance of fairness…
The Jammu and Kashmir High Court has addressed criminal proceedings against the Deputy Commissioner of Ganderbal for false statements. This decision highlights the importance of…
The Orissa High Court has addressed the validity of a preventive detention order, emphasizing the necessity of communicating the grounds of detention. This decision highlights the…
The ITAT has deleted a ₹10 lakh addition on Specified Bank Notes SBN deposits post-demonetization, accepting sales as the source. This ruling emphasizes the importance of…
The ITAT has condoned a 1-day delay in appeal filing due to a bona fide belief in rectification under Section 154. This decision highlights the importance of considering genuine…
The Income Tax Bill provides essential information about the clubbing of income, which every family needs to know. This clarification aims to provide clarity on income tax…
The ITAT has ruled that an addition as cash deposits is not justified when duly accounted for in books. This decision emphasizes the importance of considering accounting records…
The ITAT has ruled that an addition under Section 69A made by the AO without bringing any concrete evidence incriminating the assessee is not sustainable. This decision highlights…
The ITAT has set aside a CIT A order due to lack of proof of notice service. This ruling emphasizes the importance of proper service of notices in tax proceedings. It ensures that…
The ITAT has allowed a delay in filing an appeal due to pending rectification and COVID-19 orders, and the case will be heard on merits. This decision highlights the importance of…
The ITAT has remanded a matter to the Assessing Officer AO for fresh consideration of a penalty based on bank transactions. This ruling emphasizes the importance of thorough…
The NCLAT ruled that beneficiaries of a personal guarantee can file an application under Section 95 of the IBC. This decision clarifies the rights of creditors in personal…
FPIs have withdrawn ₹23,710 crore from equities in February, with a total outflow of ₹1 lakh crore in 2025. This withdrawal highlights the volatility in the Indian stock market.…
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