News & Judgements

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…

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 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 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 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 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 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…

SEBI is looking to expand the investor pool for angel funds. This initiative highlights the regulator's efforts to promote startup funding. It underscores the importance of…

The CBDT has clarified that the ₹12 lakh income tax rebate does not include capital gains. This clarification addresses a common misconception among taxpayers. It specifies that…

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 Income Tax Bill 2025 has provided key clarifications on special rate provisions. These clarifications aim to simplify the tax system and reduce ambiguity. They address…

The Income Tax Bill 2025 includes return filing simplifications that will benefit taxpayers. These simplifications aim to reduce the burden of tax compliance. They make the return…

The ITAT has ordered the CIT A to reconsider a Form No. 10AB rejection on merits, citing an incorrect clause selection. This ruling emphasizes the importance of substantive…

The CESTAT has ruled that original orders must be posted at a conspicuous part of the factory under Section 371 of the Excise Act before being posted on the department's notice…

Dhan is in talks to add Hornbill Capital to its cap table. This move highlights the company's efforts to attract strategic investors. It underscores the importance of diversifying…

The ITAT has set aside a CIT A order for ignoring the assessee's consistent business practice and directed a re-examination of the TDS claim. This ruling emphasizes the importance…

The ITAT has set aside a CIT A order and restored a case for fresh adjudication due to an erroneous declaration of the assessment order as void ab initio. This ruling highlights…

The ITAT has set aside a CIT A order and granted the assessee a fresh opportunity to present their case due to non-receipt of notices. This ruling emphasizes the importance of…

The ITAT has deleted a penalty under Section 271 1 c on an estimated GP addition for alleged bogus purchases. This ruling emphasizes the importance of proving actual tax evasion.…

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 dismissed an appeal as infructuous after the assessee opted for the Vivad Se Vishwas scheme 2024. This action highlights the effectiveness of the scheme in resolving…

AI-powered tax evasion detection has been implemented in Tripura, as announced by Chief Minister Manik Saha. This initiative highlights the use of technology in tax…

The legality of bank attachment under GST without a show cause notice is a critical issue. This article discusses how to challenge such actions. It highlights the importance of…

The Andhra Pradesh High Court has ruled that a designated committee under the SVLDRS may reject an application for compounding tax over bogus documents. This decision highlights…

The Adani Group has reported a nearly 100% increase in tax payments, reaching a significant amount. This increase highlights the company's compliance with tax regulations. It…

The Delhi High Court ruled that a standard form waiver of show cause notice and personal hearing under Section 124 of the Customs Act is not lawful. This decision highlights the…

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 Supreme Court addressed the Sambhal mosque case, with the UP government stating that a well near the masjid is public property and has no connection with the mosque. This…

The Supreme Court addressed the halal ban petitioner's objection to Centre claims on the certification process, citing media reporting "maligning" the concept of halal. This…

The latest stock market news for February 24, 2025, includes live updates on various market activities. This coverage highlights the dynamic nature of the stock market. It…

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 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 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…

IREDA shareholders have approved a ₹5,000 crore fundraising plan via QIP. This approval highlights IREDA's efforts to secure funding for renewable energy projects. It underscores…

Udaan has recorded a 65% rise in overall business in 2024. This growth highlights the company's strong performance in the B2B e-commerce sector. It underscores the importance of…

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 Indian tech sector's FY25 revenues are projected to grow 5.1% to $282 billion. This growth highlights the resilience and expansion of the Indian tech industry. It underscores…

DBS is set to shrink its workforce by 4,000 in 3 years due to AI adoption. This decision highlights the impact of AI on the banking sector. It underscores the importance of…

Eupheus Learning's loss has narrowed to INR 9 crore, indicating improved financial performance for the edtech platform. This improvement highlights the company's efforts to…

CVC is set to sell its 54% stake in Healthcare Global Enterprises. This transaction highlights the ongoing restructuring in the healthcare sector. It underscores the importance of…

Zomato has injected INR 1,500 crore into Blinkit. This investment highlights Zomato's commitment to strengthening its quick commerce arm. It underscores the importance of…

Bernstein reports Blinkit is well-placed to dominate quick commerce despite rising competition. This analysis highlights Blinkit's strong market position. It underscores the…

Byju's insolvency proceedings have led to the NCLT approving Shailendra Ajmera as the new resolution professional. This decision highlights the ongoing restructuring efforts at…