Ideaforge shares hit a 52-week low during morning trade. This decline in share price indicates negative investor sentiment towards the company. The reasons for the slump are not…
19/02/20251 min read
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Ideaforge shares hit a 52-week low during morning trade. This decline in share price indicates negative investor sentiment towards the company. The reasons for the slump are not…
InSpace has launched a technology adoption fund to support spacetech startups. This initiative aims to foster innovation and growth in the Indian spacetech sector. The fund will…
SaaS major Zoho's valuation has surged 58% to ₹1 lakh crore. This significant increase in valuation reflects investor confidence in Zoho's business model and growth prospects.…
Ola Electric is in talks to cut costs on registration and VAHAN data, expecting a temporary dip in sales. This cost-cutting measure suggests that Ola Electric is facing financial…
MobiKwik shares surged 7% during intraday trading. This increase in share price reflects positive investor sentiment towards the company. The reasons for the surge are not…
SEBI has proposed mandatory SIM binding for trading accounts to curb unauthorized transactions. This measure aims to enhance the security of online trading and protect investors…
Former OpenAI CTO Mira Murati has launched an AI startup called Thinking Machines Lab. This new venture highlights the continued innovation and development in the AI space.…
Swiggy shares jumped 7% during intraday trading. This surge in share price reflects positive investor sentiment towards the company. The reasons for the jump are not specified but…
Deeptech startup Probus has raised $5 million in a funding round led by Unicorn India. This investment will likely be used to further develop its deeptech solutions and expand its…
Sarvam AI is set to bid for building an indigenous AI foundational model. This initiative reflects the growing focus on developing AI capabilities within India. Sarvam AI's…
CollegeDekho's loss remained flat at INR 129 crore in FY24. This indicates that the company has not made significant progress in reducing its losses. The financial performance…
iPhone parts maker Murata is reportedly looking to shift its supply chain to India. This move signals a growing interest in India as a manufacturing hub for electronics. This…
Tuco Kids has roped in former Flipkart executive Chanakya Gupta as its cofounder. This appointment strengthens Tuco Kids' leadership team and brings valuable experience to the…
Droneacharya shares surged 8% during intraday trading. This increase in share price reflects positive investor sentiment towards the company. The reasons for the surge are not…
The GST Department has asked HDFC and ICICI banks to attach Awfis' bank accounts. This action suggests that Awfis may be facing issues related to GST payments or compliance. The…
The CESTAT upheld confiscation under Section 111 of the Customs Act for failure to maintain records of goods received on subcontracting. This ruling emphasizes the importance of…
The Delhi High Court rejected a plea to issue a fresh list for the viva voce in the DJS Delhi Judicial Service 2023 examination. This decision likely relates to the procedural…
The CESTAT ruled that the assessment of two bills of entry or shipping bills together is not permissible. This clarifies the assessment procedure for customs duties and the…
The ITAT remitted the matter concerning the eligibility of interest income for deduction under Section 80P i to the AO Assessing Officer . This decision indicates that the ITAT…
The NCLAT ruled that debt of a related party cannot be assigned to refrain from participating in the Committee of Creditors CoC . This decision clarifies the rules regarding…
The Kerala High Court addressed issues related to elephant booking and transportation for Guruvayoor Devaswom temple festivals. This highlights the intersection of religious…
The Kerala High Court discussed the issue of statutory bail under the BNSS presumably the Bonded Labour System Abolition Act or a similar act , specifically concerning 60 days of…
The ITAT granted another opportunity, with cost, to explain cash deposits during demonetization, noting a ₹5 lakh addition. This decision emphasizes the importance of providing…
The Madras High Court directed the refund of wrongly paid GST under Reverse Charge Mechanism RCM , treating it as a supply of service. This clarifies the treatment of such…
The Calcutta High Court criticized the state government over the lack of medical facilities in rural areas, noting that the hospital capacity of 10 beds has not increased since…
The CESTAT, Kolkata, ruled that sovereign functions are exempt from service tax. This clarifies the tax treatment of services provided by government bodies in the exercise of…
The Punjab and Haryana High Court rejected bail in a PMLA Prevention of Money Laundering Act case, citing the prospective applicability of the Pankaj Bansal verdict regarding the…
The ITAT directed the reclassification of wages as direct expenses and deleted the addition for incorrect stock valuation, citing a wrong classification of wages. This decision…
The ITAT allowed the appeal regarding the disallowance of expenses, noting no exempt income existed. This ruling clarifies the rules regarding the deductibility of expenses and…
The Kerala High Court addressed the issue of Periyar River pollution and the effluent treatment plant of Hindustan Insecticides Limited. This highlights the importance of…
The CESTAT, Chandigarh, ruled that IT and business support services are not intermediary services. This clarifies the classification of such services for tax purposes. The ruling…
The ITAT dismissed the assessee's appeal but granted liberty to revive it if the Vivad se Vishwas scheme fails. This decision highlights the interaction between regular appeals…
The ITAT found the CIT A 's decision regarding penalty proceedings under Section 271A premature. This decision highlights the procedural aspects of penalty proceedings and the…
The ITAT upheld the remand for AO Assessing Officer verification regarding the non-reduction of profit on the sale of fixed assets. This decision highlights the importance of…
The ITAT quashed the reopening of assessment based on information from the investigation wing without independent verification, holding it invalid. This decision emphasizes the…
The Gujarat High Court commented on the "insensitive approach" of the Motor Accident Claims Tribunal regarding "smaller inconsistencies" in claims under the Motor Vehicles Act.…
The Bombay High Court allowed the transfer of a convict in the German Bakery blast case to a general barrack. This decision likely involves administrative aspects of prison…
The Rajasthan High Court set aside 23-year-old criminal proceedings, citing Article 21 right to life and personal liberty . This decision highlights the importance of timely…
The Delhi High Court, in a POCSO Protection of Children from Sexual Offences case, observed that adolescents should be allowed to engage in romantic relationships without fear of…
The Calcutta High Court ruled that the threat of a false criminal case does not constitute abetment to suicide without a "positive act" pushing the victim to the edge. This…
The ITAT directed fresh adjudication as the CIT A failed to provide a reasoned order under Section 250 6 . This decision emphasizes the importance of reasoned orders in appellate…
The ITAT directed the Transfer Pricing Officer TPO to conduct a fresh transfer pricing study regarding the applicability of the MAP-determined ALP Arm's Length Price to non-US…
The CBIC has introduced an automated refund system for customs to streamline the process and cut costs. This initiative aims to improve efficiency and reduce delays in customs…
The ITAT condoned the delay and remanded the matter to the CIT A for fresh adjudication to ensure a fair hearing. This decision emphasizes the importance of providing taxpayers…
The Rajasthan High Court directed an appeal to the proper authority regarding a GST Build-Operate-Transfer BOT model construction agreement, light audit reports, and government…
The ITAT confirmed the extended due date for companies with international transactions and noted that the CPC wrongly disallowed loss carry forward. This decision clarifies the…
The ITAT allowed the assessee's appeal, noting that Form 10CCB was filed before the completion of the 143 1 proceedings. This decision clarifies the timing requirements for filing…
A stenographer from the Delhi Trade and Taxes Department was caught taking a bribe, leading to the revocation of a GST suspension. This incident highlights the issue of corruption…
The CESTAT ruled that a service tax demand is not valid when the tax and interest were paid much before issuing the show cause notice SCN . This decision highlights the importance…
The Income Tax Department has clarified whether late ITR filers can still receive refunds under the Income Tax Bill 2025. This clarification addresses concerns about the impact of…
Ideaforge shares hit a 52-week low during morning trade. This decline in share price indicates negative investor sentiment towards the company. The reasons for the slump are not…
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