News & Judgements

The Supreme Court upheld a Karnataka law that delegates the power of issuing transport permits to the STA Secretary. This ruling clarifies the delegation of powers in…

The Supreme Court rejected a challenge to the Delhi High Court's senior designations. The court clarified that nobody gets preferential treatment because of their senior gown.…

The Supreme Court has ruled that an arrest is illegal if the reasons are not informed when Article 22 1 is violated. The court emphasized that bail must be granted despite…

The Supreme Court refused to stop the police investigation regarding statements made before the Justice Hema Committee. The investigation concerns the exploitation of women in the…

The Supreme Court delivered a judgment regarding condonation of delay and advocate fault. The court ruled that a litigant should not be held responsible for the fault of their…

The Central GST Commissionerate uncovered a fake invoice racket worth Rs 658.55 crore, involving fraudulent input tax credit claims. The investigation revealed a network of…

The ITAT deleted CIT A 's penalty for non-audit of accounts, citing a pending quantum assessment appeal. The decision reflects the tribunal's approach to procedural fairness,…

Paytm granted equity shares under its ESOP plan. This move aims to incentivize employees and attract talent by offering them ownership in the company. ESOPs are a common practice…

The AO accepted the taxpayer's ITR without reflecting prior adjustments, leading the ITAT to delete deferred tax adjustments. The ruling highlights the importance of accurate…

The AO disallowed depreciation over alleged double deduction, prompting the ITAT to direct the taxpayer to produce documents. The ruling highlights the need for proper…

The ITAT granted a deduction under Section 80P for interest earned from co-operative banks, emphasizing eligibility criteria. The ruling provides clarity on tax benefits for…

Godfrey Phillips India faces a GST demand from CGST authorities, highlighting ongoing tax disputes in the tobacco sector. The case underscores the complexities of GST compliance…

The ITAT dismissed the revenue's appeal due to low tax effect under the CBDT circular. The decision reflects the tribunal's adherence to procedural guidelines, avoiding…

The RBI cut its policy rate by 25 basis points to 6.25%. This reduction in the repo rate is the first such cut and aims to stimulate economic growth by lowering borrowing costs…

The ITAT upheld CIT A 's decision to disallow foreign exchange loss on import-export transactions without hedging. The ruling emphasizes the need for proper risk management…

Telangana received SASCI incentives in Budget 2025, including MV tax concessions and a vehicle scrapping policy. The measures aim to boost the state's automotive sector and…

The ITAT found unsecured loans from a related party genuine, as the actual transaction occurred during a takeover. The ruling underscores the importance of factual evidence in tax…

The CESTAT set aside an order on royalty inclusion in transaction valuation, citing lack of jurisdiction. The decision underscores the importance of jurisdictional limits in tax…

The ITAT ruled that Section 56 2 viic ii does not apply to a public limited company for share allotment in an amalgamation. The decision clarifies the scope of the provision,…

The ITAT deleted an addition citing CBDT instructions on jewellery. The ITAT found that the addition was not supported by legal grounds and violated CBDT guidelines. The decision…

The ITAT set aside a CIT A order regarding non-payment of advance tax by a senior citizen. The ITAT found that the CIT A had not properly considered the taxpayer's circumstances.…

The Kerala High Court upheld the Settlement Commission's decision on undisclosed income. The court found that the Commission had properly considered the facts and applied the law…

The ITAT ordered fresh adjudication in a case involving alleged income concealment due to a violation of natural justice. The ITAT found that the taxpayer was not given a fair…

India shut down Kia's Carnival due to tax evasion allegations related to the import of Completely Knocked Down CKD units. The action highlights the government's commitment to…

The MCA imposed a penalty on a company and its directors for failing to maintain a registered office. This action underscores the importance of compliance with corporate laws and…

The DGFT extended the export deadline for broken rice to Senegal until February 28, 2025. This extension provides relief to exporters and supports trade relations with Senegal.…

The ITAT ordered fresh adjudication in a case where the CIT A disposed of the matter without proper hearing. The ITAT emphasized the importance of adhering to principles of…

The MCA imposed a penalty on a company's auditor for non-filing of ADT-1. This action highlights the importance of timely compliance with regulatory requirements by auditors. The…

The MCA imposed a penalty on a company for non-filing of MGT-7 for multiple financial years. This action highlights the importance of timely compliance with regulatory…

The CESTAT ruled that the time limit for filing a refund application cannot be rejected solely due to unauthorized tax collection. This decision provides relief to taxpayers and…

The ITAT ordered a fresh reassessment of a trust's Rs. crore interest-free loan and interest income, citing errors in the AO's assessment. The case highlights the importance of…

A Kerala man was involved in a scam involving fake CSR funds for half-priced scooters, amounting to Rs. crore. The scam highlights the need for stricter oversight and regulation…

The GSTN issued an advisory for taxpayers to manually verify e-invoice data auto-populated in GSTR. This advisory aims to ensure accuracy and prevent errors in GST filings.…

The Ministry of Finance announced the amalgamation of Regional Rural Banks RRBs in Telangana. This move aims to strengthen the rural banking sector and improve financial…

The MCA penalized a private company and its directors for a 30-day delay in filing the E-form BEN. This action highlights the importance of timely compliance with regulatory…

The MCA imposed a penalty on a private company and its directors for failing to declare beneficial ownership. This action highlights the importance of transparency in corporate…

The MCA Minister stated that government dues rank below secured creditors, workmen, employees, and unsecured financial creditors under Section 53 of the IBC. This clarification…

The ITAT upheld the CIT A 's decision on a bogus long-term capital gains LTCG addition of Rs. crore on penny stocks. The case involved allegations of tax evasion through…

The MCA imposed a penalty on a private company and its directors for non-declaration of beneficial ownership in the E-form BEN. This action highlights the importance of…

The MCA imposed a penalty on a company for not maintaining a registered office, as required under Section 12 of the Companies Act. The penalty emphasizes the importance of…

The MCA rejected a company's E-form due to non-maintenance of a registered office, imposing penalties. This decision underscores the importance of compliance with corporate laws…

The Finance Ministry has directed its staff to avoid using AI tools like ChatGPT and DeepSeek due to data security risks. The directive emphasizes the importance of safeguarding…

A presumptive tax regime has been introduced for non-residents in the electronics sector, simplifying tax compliance. This regime allows non-residents to pay taxes based on a…

The amendment to Section 10 provides tax relief for non-residents on offshore derivative instruments in International Financial Services Centres IFSCs . This move aims to attract…

India has extended the investment deadline for Sovereign Wealth Funds SWFs and Pension Funds PFs to 2030, offering tax relief to global investors. This extension aims to attract…

The GST Council is nearing a decision on reducing and rationalizing tax rates, as stated by Finance Minister Nirmala Sitharaman. The focus is on simplifying the GST structure and…

The FAQs on Section 271AAB clarify its non-applicability in certain cases, providing relief to taxpayers. This section pertains to penalties for undisclosed income during search…

The Finance Secretary announced that the new Direct Tax Code aims to simplify the tax structure without introducing new taxes. The focus is on reducing complexities and making…

The new Income Tax Bill may receive Cabinet approval soon, with a focus on simplifying tax compliance and reducing litigation. The Bill aims to provide clarity and reduce…

The Bombay High Court ordered an apology for disobeying a stray dogs feeding order. The court emphasized the importance of complying with judicial orders and respecting animal…