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The Income Tax Department detected ₹22,000 crore in undisclosed foreign assets. This discovery highlights the government's efforts to curb tax evasion and bring undisclosed…
A man was duped of ₹3 lakh by a fraudster posing as an Income Tax officer. This scam highlights the increasing sophistication of cybercrime and the need for public awareness about…
Dogsee Chew has raised $8 million in a Series B funding round. This investment will likely be used to expand its operations, increase production capacity, and enhance its…
The ITAT restored a deduction despite the late submission of Form 56F for Section 10AA deduction. This decision emphasizes that deductions should not be denied solely due to…
The CESTAT remanded a matter concerning the reversal of CENVAT credit on the trading of exempted goods for verification. This decision highlights the importance of proper…
The Income Tax Department detected ₹22,000 crore in undisclosed foreign assets. This discovery highlights the government's efforts to curb tax evasion and bring undisclosed…
The Bombay High Court quashed the Income Tax Department's advisory on BCCI's tax-exempt status. This ruling clarifies the tax status of the BCCI and its eligibility for…
A man was duped of ₹3 lakh by a fraudster posing as an Income Tax officer. This scam highlights the increasing sophistication of cybercrime and the need for public awareness about…
The ICAI has released a new guidance note on the audit of banks. This updated guidance provides valuable information and best practices for auditors conducting bank audits,…
The AAR Appellate Authority for Advance Ruling ruled that GST is applicable on imported goods sold under High Sea Sales HSS and later used in an EPC Engineering, Procurement, and…
The ICAI rectified formatting and alignment errors in a notification issued under the Merger and Demerger of CA Firms Guidelines 2024. This action emphasizes the importance of…
Delhi Police's Anti-Corruption Branch ACB arrested two individuals for alleged bribery in a GST registration case. This highlights the ongoing efforts to combat corruption in tax…
The ITAT granted a ₹4.07 crore tax exemption despite a procedural delay in Form 10BB validation. This decision demonstrates a lenient approach towards procedural lapses, provided…
The ITAT remanded a matter concerning the rejection of a registration application under Section 12AB to the CIT for reconsideration. This decision highlights the importance of…
The ITAT upheld a Section 54F deduction as capital gain compliance was met on time, dismissing the revenue's appeal. This decision clarifies the requirements for claiming…
The ITAT ruled that a reassessment is invalid without a fresh notice when no addition is made on the reopened issue. This decision emphasizes the importance of proper procedure in…
The CESTAT remanded a matter concerning the reversal of CENVAT credit on the trading of exempted goods for verification. This decision highlights the importance of proper…
The RBI has advised banks handling government business transactions to remain open on March 31st. This directive ensures the smooth processing of government financial transactions…
The ICAI has released a new guidance note on the audit of banks. This updated guidance provides valuable information and best practices for auditors conducting bank audits,…
The NCLAT ruled that non-registration under the Companies Act does not remove a secured creditor under the IBC during the CIRP. This clarifies the rights of secured creditors in…
The AAR Appellate Authority for Advance Ruling ruled that GST is applicable on imported goods sold under High Sea Sales HSS and later used in an EPC Engineering, Procurement, and…
A temporary exemption has been granted for imported wrought copper tubes under the new Copper Product Quality Control Order 2025. This exemption likely aims to facilitate the…
The ICAI president announced that the institute will establish a committee for promoting work-life balance among CAs. This initiative reflects the growing concern about the…
India is expected to increase GST on cigarettes and tobacco products once the compensation cess is removed. This likely reflects the government's strategy to increase revenue from…
The ICAI rectified formatting and alignment errors in a notification issued under the Merger and Demerger of CA Firms Guidelines 2024. This action emphasizes the importance of…
The Ministry of Commerce and Industry appointed three MPs to APEDA Agricultural and Processed Food Products Export Development Authority . This appointment highlights the…
The Bombay High Court quashed a revenue order prohibiting income tax exemption for the BCCI due to a lack of statutory power. This ruling clarifies the legal basis for granting…
The ITAT directed the Assessing Officer AO to verify the business commencement before disallowing a deduction. This decision emphasizes the importance of proper verification and…
The NCLAT ruled that any dispute, even pending arbitration, does not prohibit financial creditors from availing remedies under Section 7 of the IBC Insolvency and Bankruptcy Code…
The ITAT deleted an addition for alleged stock undervaluation, stating that the "ageing effect" is standard practice for valuing inventory at Net Realizable Value NRV . This…
The Delhi High Court ruled that an arbitral award can be set aside if it is patently illegal, even in an appeal under Section 37 of the Arbitration Act. This clarifies the grounds…
The Patna High Court ruled that a father-in-law's maintenance obligation to a widow is limited to coparcenary property. This clarifies the extent of a father-in-law's financial…
The Patna High Court ruled that a maintenance tribunal has no jurisdiction over complaints not seeking maintenance but related to property transfer. This clarifies the…
The Patna High Court ruled that the seriousness of the offense is not a ground to deny bail to a juvenile under the Juvenile Justice Act. This decision highlights the specific…
The Patna High Court ruled that a purchaser can get title conveyed only if the seller has title to the property. This emphasizes the importance of verifying property ownership…
The Karnataka High Court ruled that a person named by the deceased as a nominee cannot claim a right over the deceased's estate. This clarifies the legal distinction between…
A Mumbai court ruled that sending messages like "you look smart, I like you" to an unknown woman amounts to insulting her modesty. This decision clarifies the legal interpretation…
The Jammu and Kashmir High Court granted consular access to a Kashmiri engineer, an Indian citizen, detained abroad under ambiguous circumstances. This ruling upholds the right to…
The Supreme Court gave Maharashtra two weeks to submit a proposal on fresh license allotment for the Matheran e-rickshaw project. This decision aims to regulate and improve…
The Supreme Court directed its registry to consider the SCAORA's Supreme Court Advocates-on-Record Association suggestion for regular open houses to address case filing issues.…
The Supreme Court called "absurd" an insurance condition that an accident must occur within the premises of the insured. This decision highlights the importance of fair and…
The Supreme Court ruled that an Advocate on Record is liable for wrong statements even if the petition was drafted by another advocate. This emphasizes the responsibility of AORs…
The Supreme Court rejected a contempt petition alleging violation of its judgment in a demolitions matter, as the sanction plan was not shown, but granted liberty to approach the…
The Supreme Court asked a supervisory committee to attempt resolving Tamil Nadu's interim prayers against Kerala regarding the Mullaperiyar Dam. This highlights the ongoing…
The Supreme Court criticized the Gwalior Municipality for restricting a tender to foreign companies, stating it can't assume Indian manufacturers are incapable. This decision…
The Supreme Court flagged two concerns with the senior designation process and referred the matter to the CJI. This highlights potential issues with the process of designating…
The Supreme Court is hearing a suo motu case regarding whether the Lokpal can investigate a complaint against a sitting High Court judge. This case examines the jurisdiction and…
This article discusses the debate over the exclusion of CMAs and CSs from the new Income Tax Bill 2025 and its impact on the professional scope of CAs. It likely examines the…
The AAR ruled that Thyssenkrupp's EPC agreement is a composite supply and not a divisible contract under GST. This clarifies the GST implications of such agreements and provides…
The ITAT ruled that a penalty under Section 271 1 c is unjustified on ad hoc estimated income. This clarifies the rules regarding penalties for concealment of income and…
The Income Tax Department detected ₹22,000 crore in undisclosed foreign assets. This discovery highlights the government's efforts to curb tax evasion and bring undisclosed…
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