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Tata Communications Teams Up with Corover to Make AI Solutions for Businesses, Govt Bodies: Tata Communications has partnered with Corover, an AI solutions provider, to create…
Kerala High Court ruled on a case regarding the Army Welfare Housing Organization AWHO , allowing demolition and reconstruction of housing towers for armed forces personnel. The…
Rajasthan High Court dealt with the transfer of Panchayati Raj officers and ruled that the state government had the authority to transfer these officers in the public interest.…
OYO to Invest £50M in UK to Expand Premium Hotels: OYO has announced a £50 million investment to expand its premium hotel portfolio in the UK. The company plans to enhance its…
Kerala High Court quashed an income tax penalty under section 1B for a time-barred case. The Court ruled that the penalty for delayed assessment was unjustified since it exceeded…
CESTAT ruled that the non-submission of an Audit Report or A&A Certificate should not be grounds for denying service tax exemption on SEZ Special Economic Zone services. The…
An independent auditor faced backlash for self-promotion on social media by referring to themselves as "Modi Ji Ka Parivar" Part of Modi Ji’s Family , leading to protests within…
CESTAT ruled that customs duty evaders must pay the duty after the department made a bonafide error in not applying mandatory penalty. The ruling stated that, despite the…
Jharkhand High Court ruled that an insurance company cannot deny liability in a compensation claim solely based on contributory negligence or delay in filing an FIR. The Court…
CESTAT ruled that the non-submission of an Audit Report or A&A Certificate should not be grounds for denying service tax exemption on SEZ Special Economic Zone services. The…
An independent auditor faced backlash for self-promotion on social media by referring to themselves as "Modi Ji Ka Parivar" Part of Modi Ji’s Family , leading to protests within…
In a ruling by CESTAT, excise exemptions were not entirely denied when packaging materials were partially used for traded goods. The bench clarified that if packaging materials…
The Madras High Court held that Section 10A of the Insolvency and Bankruptcy Code IBC does not bar CIRP Corporate Insolvency Resolution Process applications when the default…
The CESTAT ruled that excise duty is not payable on tools and fixtures used within a factory for captive purposes, even if sale invoices are issued. It emphasized that excise duty…
The Karnataka High Court ruled that paying a penalty for a willful delay in filing an Income Tax Return does not exempt the taxpayer from prosecution under the Income Tax Act. The…
The Rajasthan High Court ruled that merely recording satisfaction under Section 271E of the Income Tax Act is not sufficient for initiating penalty proceedings under Section 271D.…
The Rajasthan High Court ruled that merely recording satisfaction under Section 271E of the Income Tax Act is not sufficient for initiating penalty proceedings under Section 271D.…
The NCLAT has ruled that creditors can enforce personal guarantees signed on behalf of trusts. The judgment clarifies that personal guarantees, even when signed by trustees on…
Faceless tax schemes will continue beyond March 2025, with the date restrictions removed, offering an extended period for taxpayers to benefit from these digital tax filing…
The Income Tax Department is set to introduce a prudent framework for tax administration in 2025. This initiative is designed to create a more efficient, transparent, and…
The CBDT chairman announced that the Income Tax Department will focus on simplifying the tax administration to make it more business-friendly. The department is working towards a…
CESTAT has ruled that credit cannot be denied for photocopies of invoices if tax payment is accepted and unchallenged. The decision establishes that as long as the tax authorities…
CESTAT has ruled that no service tax is due on WCS Works Contract Services provided to non-commercial governmental authorities, such as airports. This decision exempts such…
CESTAT has stated that revenue cannot deny CENVAT credit after accepting the service tax payment from the service provider. The ruling highlights that once the tax has been paid,…
Tax exemptions for SUUTI Specified Undertaking of the Unit Trust of India will remain in place until March 2027. This move is aimed at providing continued tax benefits for the…
The Karnataka High Court ruled that paying a penalty for a willful delay in filing an Income Tax Return does not exempt the taxpayer from prosecution under the Income Tax Act. The…
The Madras High Court directed a company to pay disputed taxes, while also mandating a re-verification of input tax credit mismatches between GSTR-B and GSTR-A. The case centers…
The CESTAT has ruled that no penalty will be levied under the Customs Act when goods are transshipped from aircrafts or vessels that have traversed after duty payment. This…
In a recent case, the ITAT upheld relief for a taxpayer who claimed a deduction for bogus purchases of ₹94.3 crore based on supporting evidence. The court ruled that the claim…
The NCLAT has ruled that creditors can enforce personal guarantees signed on behalf of trusts. The judgment clarifies that personal guarantees, even when signed by trustees on…
Kerala's SGST Department has made it mandatory for the movement of gold and precious stones within the state to require an e-way bill. This new regulation is aimed at tracking the…
Tax exemptions for SUUTI Specified Undertaking of the Unit Trust of India will remain in place until March 2027. This move is aimed at providing continued tax benefits for the…
Bhavish Aggarwal, the CEO of Ola Electric, has launched a new venture called Krutrim AI Labs with an investment of Rs 2000 crore. The company aims to leverage artificial…
The GST authorities have dropped a tax demand of Rs 591 crore against Zomato, the food delivery giant, following a review of the case. The demand was initially raised for the…
Priyanka Gill, the co-founder of the popular e-commerce platform Popxo, has announced her departure from Kalaari Capital to launch her own new venture. Gill, known for her role in…
The updated window for filing Income Tax Returns ITR has been extended to four years, with higher penalties for late compliance. The extended window allows taxpayers additional…
NBFC Aye Finance Partners Credgenics to Offer AI-Based Collection Solutions: Aye Finance, a non-banking financial company NBFC , has partnered with Credgenics, a tech-driven…
Tata Communications Teams Up with Corover to Make AI Solutions for Businesses, Govt Bodies: Tata Communications has partnered with Corover, an AI solutions provider, to create…
VeeFin Buys TradeAssets to Expand Offerings: VeeFin, a fintech company, has acquired TradeAssets, a platform offering trade finance solutions, in a bid to expand its product…
Deepinder Goyal Wants to Work with Product Leaders Who Tap AI as a Second Brain: Deepinder Goyal, the CEO of Zomato, has expressed his interest in collaborating with product…
Google has begun piloting RCS Rich Communication Services search integration for AI-powered business messaging in India. The initiative aims to enhance the customer service…
Zomato, the food delivery and restaurant aggregator, saw its shares fall by 4% during intraday trading. The drop in its stock price comes amid concerns over the company’s…
Yotta Unveils GenAI Chat Bot Based on DeepSeek: Yotta, a leading data center services company, has unveiled an advanced AI-powered chat bot called "GenAI," which leverages…
Bandai Namco Doubles Down on SuperGaming: Bandai Namco, a global leader in entertainment and gaming, has doubled down on its investment in SuperGaming, an Indian gaming startup.…
Paytm Parent Slapped with INR 1.19 Cr GST Penalty: Paytm’s parent company has been slapped with a GST penalty of INR 1.19 crore by tax authorities for non-compliance with tax…
DeepTech FOF Likely to Cover EV, AI, Nanotechnology Sectors: DPIIT Secretary: The Department for Promotion of Industry and Internal Trade DPIIT Secretary has stated that the…
The processing period for immunity from penalty and prosecution has been extended to three months. This provides taxpayers more time to clear up their pending issues and secure…
HairOriginals Bags $5M to Launch Experience Centres: HairOriginals, a company specializing in hair care and cosmetic products, has raised $5 million in funding to launch its…
Now D2C Startup FreshtoHome Begins Offering 10-20 Minute Deliveries: FreshtoHome, a direct-to-consumer D2C startup specializing in fresh food deliveries, has launched a new…
Budget Focuses on MSMEs, Manufacturing Boost in Paper Sector: The Indian government’s recent budget focuses on providing incentives and support to MSMEs Micro, Small, and Medium…
Tata Communications Teams Up with Corover to Make AI Solutions for Businesses, Govt Bodies: Tata Communications has partnered with Corover, an AI solutions provider, to create…
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