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The CEO of Bank of India has suggested that the government could reduce its stake in state-owned banks. This proposal reflects discussions around privatization and increasing…
The Jammu & Kashmir and Ladakh High Court declared the withdrawal of posts after the recruitment process had begun as illegal. The court ordered the restoration of the withdrawn…
boAt is reportedly preparing to file confidential draft papers for a INR 2000 crore IPO. This indicates that boAt is moving closer to going public. The IPO would allow the company…
MobiKwik is set to acquire an additional 3.39% stake in Blostem Fintech. This acquisition demonstrates MobiKwik's interest in expanding its presence in the fintech sector. It…
The Andhra Pradesh High Court has held that an arbitrator other than the named arbitrator cannot be appointed unless there is evidence of partiality or bias against the named…
The Patna High Court emphasized that juvenile institutionalization should be a last resort. The court stated that the family is the best institution for the rehabilitation of…
The Supreme Court has flagged the lack of opportunities for trial court lawyers in senior designations, stating that such designations cannot be a monopoly of Supreme Court and…
The Reserve Bank of India RBI has launched the RBI Data app, providing easy access to economic and financial data. This mobile application aims to streamline data access for…
The Gujarat Budget 2025-26 has reduced the motor tax on electric vehicles EVs to 1%. This move aims to incentivize the adoption of EVs and promote environmentally friendly…
The Greater Hyderabad Municipal Corporation GHMC has sealed the Taj Banjara Hotel due to unpaid property tax amounting to Rs 1.4 crore. This action underscores the GHMC's efforts…
A Srinagar court has ordered the arrest of Jitendra Tyagi for non-appearance in a case over making derogatory remarks against Islam and Prophet Muhammad. This action underscores…
The Central Board of Indirect Taxes and Customs CBIC has introduced a new facility for accredited importers. This allows them to store and clear goods at authorized premises,…
The Central Board of Direct Taxes CBDT has issued a circular regarding Tax Deducted at Source TDS from salaries for the financial year 2024-25 under Section 192 of the Income Tax…
The Institute of Cost Accountants of India ICMAI has requested the inclusion of cost accountants in the definition of "accountant" under the Income Tax Bill 2025. This inclusion…
The National Company Law Appellate Tribunal NCLAT has ruled that possession of machinery hypothecated to a financial institution remains with the corporate debtor in the absence…
The Income Tax Appellate Tribunal ITAT has quashed a reassessment notice due to vague reasons and lack of jurisdiction for new additions. The ITAT emphasized that reassessment…
The RBI has imposed a Rs 46 lakh penalty on three firms for non-compliance. This action demonstrates the RBI's commitment to enforcing regulations and maintaining financial…
Supreme Court Justice Surya Kant has commented on 30-40 page Delhi HC orders disposing of anticipatory bail pleas, suggesting that such lengthy orders send a signal to trial…
The Andhra Pradesh High Court has held that an arbitrator other than the named arbitrator cannot be appointed unless there is evidence of partiality or bias against the named…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has allowed SSI exemption to Sabari Kitchen Service as per the CBEC circular. The CESTAT held that Sabari Kitchen…
The CESTAT has directed the recomputation of excise duty due to discrepancies in the original computation. The tribunal ordered the recomputation after deducting the value of…
The CESTAT has directed re-adjudication of a service tax appeal due to a discrepancy in the date on the adjudication order. The tribunal noted that the date on the adjudication…
The Institute of Chartered Accountants of India ICAI has taken disciplinary action against CAs in a record number of cases within one year. This demonstrates the ICAI's commitment…
The CESTAT has allowed CENVAT credit on capital goods used for both dutiable and exempted products. The tribunal held that CENVAT credit is admissible even if the capital goods…
The CESTAT has set aside a service tax demand and remanded the case for re-evaluation over a form. The tribunal found that the demand was based on a technicality related to the…
The CESTAT has ruled that CENVAT credit is admissible even on the strength of an endorsed bill of entry. The tribunal held that an endorsed bill of entry is sufficient evidence…
This article discusses the legal and practical considerations surrounding the issue of fake invoices and non-existent businesses. It examines the various methods used to create…
The Supreme Court has ruled that charitable trusts are eligible for Section 12-AA registration based on their proposed activities, not just their actual work. This decision…
The ITAT has directed a fresh assessment in a property valuation dispute. The tribunal found discrepancies in the original valuation and ordered a reassessment. This decision…
The CBDT has released a circular on TDS deduction from salaries for FY 2024-25 under Section 192. This circular provides detailed guidelines for employers on calculating and…
The ITAT has held that capitalized R&D expenditure can be claimed under Section IV if disallowed under Section AB. This ruling provides clarity on the treatment of R&D expenses…
The ITAT has dismissed the revenue's appeal regarding the tax effect of amounts below the CBDT's limit. This decision reinforces the principle that minor discrepancies or amounts…
The NCLAT has ruled that there is no bar on a corporate debtor from contesting an application under Section of the IBC, even in the absence of a demand notice. This ruling…
The Karnataka High Court has confirmed that VAT is applicable on set-top boxes, stating that providing them to customers constitutes a taxable transfer of the right to use. This…
The Punjab and Haryana High Court directed the FCI to issue a fresh tender notification expeditiously, ensuring that public amenities do not suffer. This directive aims to prevent…
The Karnataka High Court admitted a PIL challenging the cabinet rank status granted to 42 MLAs and Legislative Council members. The PIL questions the justification for such…
The Madras High Court ordered the reopening of the Droupadi Amman temple, which had been sealed due to a caste conflict. The court's intervention aims to resolve the conflict and…
The Uttarakhand High Court sought private and personal information from the state government regarding a proposed Uniform Civil Code form for live-in couples. This action raises…
The Bombay High Court reiterated that the ITAT cannot overstep its authority by deciding on merits in a matter where it has already concluded the appeal as not maintainable. This…
The Kerala High Court denied anticipatory bail to former MLA PC George in a hate speech case targeting the Muslim community. This decision highlights the court's strict stance…
The Madras High Court sought a report on pollution norms compliance during the Maha Sivarathri celebration at the Isha Foundation. This action reflects the court's concern for…
The Madras High Court recommended resuming reservation in MBBS and BDS courses for Pradhan Mantri Bal Puraskar awardees. This recommendation seeks to recognize and support…
The Bombay High Court granted bail to a POCSO accused, observing that the 14-year-old victim girl had sufficient knowledge and capacity to understand her actions. This decision…
The Jammu & Kashmir and Ladakh High Court declared the withdrawal of posts after the recruitment process had begun as illegal. The court ordered the restoration of the withdrawn…
The Supreme Court asked the CBI to investigate how a man traveled to the USA despite depositing his passport with the court. This directive suggests potential lapses in the system…
The Supreme Court deemed the "both hands intact" condition for MBBS admission of persons with disabilities as arbitrary. The court found this requirement discriminatory and…
The Kerala High Court expressed serious concern over the lack of a mandatory jail sentence for hate speech crimes. The court highlighted the inadequacy of current legal provisions…
The Supreme Court rejected a PIL seeking the inclusion of the Are Katika community in the Scheduled Castes category. The court cited a Manipur High Court order concerning the…
The Supreme Court directed the Union government to file affidavits detailing the establishment and functioning of the Central Mental Health Authority. This directive aims to…
The Supreme Court quashed a culpable homicide charge against a doctor for a patient's death following a nurse's injection given over the phone. The court held the doctor not…
The CEO of Bank of India has suggested that the government could reduce its stake in state-owned banks. This proposal reflects discussions around privatization and increasing…
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