White Whale received SEBI approval for its INR 250 crore secondaries fund. This allows White Whale to invest in existing shares of privately held companies. The fund will provide…
11/02/20251 min read
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White Whale received SEBI approval for its INR 250 crore secondaries fund. This allows White Whale to invest in existing shares of privately held companies. The fund will provide…
India's buyout market is expanding, but valuation concerns persist, according to PE leaders. The growth in buyouts reflects increasing investor interest in Indian companies.…
Zetwerk is reportedly planning to file IPO draft papers in the next six months. This potential IPO reflects Zetwerk's growth and ambitions to become a publicly traded company. The…
Digital payments startup Tonetag secured $78 million in funding to expand its solutions. This investment will enable Tonetag to further develop its technology and expand its…
Tracxn shares plunged 5% after the release of its Q3 results. The share price decline suggests that the company's financial performance did not meet investor expectations. The…
BEL signed an MoU with CSIR-NAL for collaboration in aerospace technologies. This partnership will leverage the expertise of both organizations to develop advanced aerospace…
The RBI greenlit ARC listing plans, opening a new capital avenue. This move will allow Asset Reconstruction Companies ARCs to raise capital from the market. It will enhance the…
Yatra's Q3 profit skyrocketed 845% to INR 10 crore. This dramatic increase in profitability demonstrates Yatra's strong financial performance and business growth. The company's…
Ideaforge allotted 32,000 shares under its ESOP scheme. This allotment provides employees with ownership in the company and aligns their interests with the company's success.…
Bold Care secured $5 million in funding to strengthen its presence in non-metro areas. This investment will enable Bold Care to expand its reach and cater to a wider customer…
Tamil Nadu banned online real money gaming for minors. This ban aims to protect minors from the potential harms associated with online gambling. The measure reflects growing…
Zeta's valuation jumped to $2 billion after funding from Optum. This substantial increase in valuation reflects strong investor confidence in Zeta's business model and growth…
The Central Board of Indirect Taxes and Customs CBIC has issued guidelines on GST appeals for interest and penalty waivers under Section 128A of the CGST Act. These guidelines…
The Central Board of Direct Taxes CBDT has amended the Income Tax Rules, 2025, introducing new investment compliance norms for Infrastructure Debt Funds IDFs . These amendments…
Finance Minister Nirmala Sitharaman expressed optimism about a durable recovery in consumption. She highlighted improving economic indicators and positive consumer sentiment as…
The Income Tax Appellate Tribunal ITAT directed the Assessing Officer AO to add unexplained property investment after verifying the source of funds. The ITAT emphasized the…
The ITAT granted M/s. Infrasoft exemption, noting that the unit was a newly established Software Technology Parks of India STPI unit, not a converted export unit. The tribunal's…
The ITAT set aside assessment orders due to a jurisdictional lapse in the transfer of the case. The tribunal emphasized the importance of adhering to proper procedures in…
The Kerala High Court set aside the direction to pay assessed income tax, considering the stay applications and condonation of delay applications. The court emphasized the…
The Kerala High Court set aside an income tax order against Kerala Minerals and Metals due to the failure to provide an opportunity for a hearing. The court emphasized the…
The ITAT ruled that the addition of unexplained investment during demonetization, based solely on suspicion, cannot be sustained. The tribunal emphasized the need for concrete…
The ITAT allowed the assessee to withdraw their appeal after they opted for the Vivad se Vishwas scheme. The scheme provides a mechanism for resolving tax disputes amicably,…
The ITAT set aside the addition of lakhs of rupees under Section 69A as unexplained cash deposits during demonetization. The tribunal found that the Assessing Officer's AO…
Regarding unexplained cash deposits during demonetization, the ITAT directed the AO to decide the matter using the CBDT circular. The circular provides guidelines for dealing with…
The Income Tax Department launched a "Request for Order Giving Effect" feature on the e-filing portal. This new feature aims to streamline the process of implementing appeal…
The Kerala High Court addressed the issue of people appropriating footpaths and roads. This highlights the problem of encroachment on public spaces. It emphasizes the importance…
The Karnataka High Court addressed the issue of MLA Akhanda Srinivas Murthy's photos on pressure cookers during the Karnataka Assembly elections 2023. This highlights the use of…
The Delhi High Court granted custody parole to Engineer Rashid. This decision allows for a temporary release from prison under specific conditions. It highlights the legal…
The Karnataka High Court addressed the vacancy issue in the State and District Consumer Commissions. This highlights the importance of functioning consumer protection mechanisms.…
The ITAT set aside the CIT A 's order due to an erroneous delay calculation and directed a fresh hearing on the condonation request. The tribunal emphasized the importance of…
The Delhi High Court issued a notice to prison authorities and the NIA on separatist leader Nayeem Khan's plea against the withdrawal of calls and e-mulaqat facilities. This…
The Madras High Court directed trial courts and special courts not to insist on potency tests routinely. This directive aims to prevent unnecessary and potentially intrusive…
Vedanta received a GST demand over ineligible Input Tax Credit ITC claims. The demand notice alleges that Vedanta availed ITC on ineligible inputs. This case highlights the…
The CBDT released its official income tax calculator for FY 2025-26, comparing the old and new tax regimes. This tool helps taxpayers make informed decisions about which tax…
The Kerala High Court dealt with a policy decision regarding the enhancement of the retirement age for employees of a public sector undertaking. This decision clarifies the…
The Madhya Pradesh High Court ordered a rape accused to share their social media account passwords with the police. This order highlights the use of digital evidence in criminal…
The Gujarat High Court ruled on the maintainability of a joint petition for dissolution of marriage under the Hindu Marriage Act. This ruling clarifies the legal requirements for…
The Madhya Pradesh High Court issued a ruling regarding legal representatives and land mutation under the MP Land Revenue Code. This ruling clarifies the process for transferring…
The Allahabad High Court extended the stay on Mohammed Zubair's arrest until February 17th in connection with a post related to Yati Narsinghanand. This decision provides…
The Supreme Court stated that appeals in 1984 anti-Sikh riots cases have to be filed seriously, not just for the sake of it. The court's observation underscores the need for…
The Supreme Court reprimanded its registry for accepting an affidavit from a party not impleaded in the case. The court also sought a report on the registry's working. This action…
The Supreme Court directed the Chief Secretaries of Andhra Pradesh, Delhi, and Jammu & Kashmir to appear in response to the IMA's plea against misleading ads for allopathic…
The Supreme Court reserved its judgment on the Tamil Nadu government's plea regarding the Governor sending re-passed bills to the President. This case involves important questions…
The Allahabad High Court held that the mere absence of GSTN in the supplier's certificate is not sufficient to deny an ITC claim. The court emphasized the importance of verifying…
The ITAT upheld the disallowance of knitting charges under Section 40A 3 but allowed the set-off of carry-forward losses. This decision provides clarity on the tax treatment of…
The Delhi High Court upheld the validity of the requisition under Section 132A and linked the seized cash to undisclosed income. The court emphasized the importance of proper…
The ITAT upheld the addition of a crore, affirming the validity of digital evidence even without an S.B. certificate. The tribunal's decision clarifies the admissibility of…
The ITAT allowed the full deduction for R&D expenses for 2016-17, even though the DSIR Form 3CL was missing. The disallowance was initially made due to the missing form. The…
The ITAT directed the AO to tax 85% of unaccounted cash receipts as income, based on net profit. This decision provides guidance on how to treat unaccounted cash receipts in tax…
The Supreme Court acknowledged that a PIL for debarring convicted persons from contesting elections raises a "very major issue" regarding the criminalization of politics. This…
White Whale received SEBI approval for its INR 250 crore secondaries fund. This allows White Whale to invest in existing shares of privately held companies. The fund will provide…
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