The Finance Minister described the Union Budget 2025 as a "budget by the people, for the people," emphasizing inclusivity and equitable growth. The government aims to address the…
02/02/20251 min read
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The Finance Minister described the Union Budget 2025 as a "budget by the people, for the people," emphasizing inclusivity and equitable growth. The government aims to address the…
India topped the list in a report on DeepSeek AI app downloads, surpassing other countries in adoption rates. The country’s growing digital infrastructure and high mobile…
The Union Budget 2025 proposed rationalizing the time limit for imposing penalties. Under the new proposal, taxpayers will have more time to comply with penalty provisions under…
The Union Budget 2025 introduced a proposal to increase the TDS limit on dividend income from mutual funds to Rs. 10,000. Previously, the TDS was applicable once the dividend…
The Union Budget 2025 proposed to reduce the Tax Deducted at Source TDS rate on securitization trust investments from 30% to 10%. This change aims to make securitization…
The Union Budget 2025 proposed an amendment to ensure that certain provisions of the Income Tax Act do not apply in specific cases. The proposal focuses on ensuring that taxpayers…
The Union Budget 2025 proposed that the profits from Unit Linked Insurance Plans ULIPs be taxed as capital gains. Previously, ULIPs were exempt from tax under certain conditions.…
In the Union Budget 2025, the government proposed the removal of higher TDS/TCS rates under Sections 206AB and 206CCA for non-filers of income tax returns. Previously, non-filers…
The Union Budget 2025 proposes reducing the Tax Collected at Source TCS rate on timber and other forest products obtained under a forest lease. The finance minister announced this…
The Union Budget 2025 proposed providing income tax exemptions on withdrawals from the National Savings Scheme NSS . This exemption is aimed at offering additional benefits to…
The Union Budget 2025 introduced a change to the Goods and Services Tax GST treatment for the supply of goods in Special Economic Zones SEZs or Free Trade and Warehousing Zones…
The Union Budget 2025 proposed a new time limit for filing refund claims under the Customs Act. The proposed amendment will ensure that taxpayers have a clear and predictable…
OpenAI, the owner of ChatGPT, is in talks to raise up to $40 billion, which would value the company at a staggering $340 billion. The discussions highlight the rapid growth and…
Credit growth in the personal loan segment moderated in December, according to RBI data. The slowdown in growth is attributed to various factors, including higher interest rates…
The RBI partially devolved INR 3,945 crore worth of 10-year sovereign green bonds, signaling a cautious response to market conditions. The move is part of the government's efforts…
The Kolkata Real Estate Tribunal ruled that flats cannot be taken away from owners due to a developer's loan default. The decision reinforced the protection of property rights,…
Power sector workers held nationwide protests in Uttar Pradesh, Rajasthan, and Chandigarh against the privatization of distribution companies discoms . The workers expressed…
CESTAT upheld that the prescribed time limit for filing refund applications cannot be disregarded merely because tax was collected without legal authority. The Tribunal affirmed…
The CESTAT ruled that the department cannot invoke the extended period of limitation merely because returns were self-assessed. In the case of tax assessment, the Tribunal…
The West Bengal RERA restrained Yes Bank from taking possession of flats and selling them at auction to recover a loan provided to a builder. The Court found that the builder had…
Haryana RERA directed Emaar MGF to pay interest to a homebuyer for delayed possession of their property. The builder had failed to hand over possession as per the terms outlined…
The Supreme Court ruled that caste-based abuse within a government officer’s chamber, with no one else present, does not constitute an offense under the SC/ST Act. The Court…
The Supreme Court ruled that the compensation for a motor accident claim cannot be reduced simply because the dependents of the deceased person took over the business. The case…
The Supreme Court heard a PIL seeking government benefits, school admission, and food security for Rohingya refugees in India. The petitioners argued that the refugees should be…
The CBFC Central Board of Film Certification informed the Delhi High Court that Sharjeel Imam’s plea to delay the release of a film based on the 2020 Delhi riots was premature.…
The CCI imposed a penalty of INR 40 lakh on Goldman Sachs for failing to notify its investment in Biocon Biologics US under the Competition Act. The penalty was levied after the…
The Madras High Court ruled that GST registration and subsequent payment of tax following an inspection were not voluntary conduct, as the assessee was compelled to comply with…
The Supreme Court issued a notice on the bail plea of Uttar Pradesh MLA Abbas Ansari, who is accused under the Gangsters Act. The court is expected to examine whether Ansari…
The Gauhati High Court clarified that the mere existence of an arbitration clause in an agreement does not oust the jurisdiction of civil courts in matters involving disputes that…
The NCLAT ruled that the distribution of liquidation proceeds to secured creditors must be based on admitted claims under the Insolvency and Bankruptcy Code IBC . The case…
The Employees' Provident Fund Organization EPFO announced new rules related to PF transfers, pension payments, and member services. The updates aim to streamline the process for…
The NCLAT ruled that the liquidation of a corporate debtor cannot be faulted when revival is not a viable option. The case involved a company that had entered into liquidation,…
The Kerala High Court dismissed a challenge against the Benami Transactions Prohibition Act proceedings, stating that the statutory remedy was available to the aggrieved party.…
Elder Pharmaceuticals and Ankola Paper Mills faced dishonor of cheque cases under Section 138 of the Negotiable Instruments Act. The cases involved alleged offenses related to the…
The Delhi High Court directed the Delhi State Legal Services Authority DSLSA to monitor the appearance of legal aid counsels in district courts. The court emphasized that legal…
The Gauhati High Court heard a Public Interest Litigation PIL on the state’s Human Rights Commission in Arunachal Pradesh. The court explored the functioning of the Commission and…
The Delhi High Court clarified that the area around the Dariya Khan Tombs, a protected heritage site, would be treated as 125 acres, confirming the heritage designation and…
The Allahabad High Court ruled on a matter involving a rape survivor’s statement under Section 164 of the CrPC, giving prominence to the magistrate’s role over the investigating…
The Karnataka High Court ruled that a wife’s claim for maintenance against her husband is not considered extortion. The case involved a dispute where the husband accused the wife…
The Allahabad High Court highlighted the importance of saving moral values in society, particularly when dealing with live-in relationships. The Court stressed the need for legal…
The Madhya Pradesh High Court addressed a Public Interest Litigation PIL regarding the revival of the Swarna Rekha River. The petition highlighted the environmental degradation of…
The Kerala High Court ruled that a notice seeking to appoint a new arbitrator to continue arbitration proceedings satisfies the mandate of Section 21 of the Arbitration and…
The Gujarat High Court examined a case involving journalist Mahesh Langa, accused of leaking confidential documents related to the Maritime Board. The court took into account the…
The Gujarat High Court addressed a PIL related to parking policies and road safety. The petition highlighted issues concerning the lack of adequate parking spaces, leading to…
The Kerala High Court ruled on the maintainability of a petition under Article 226, related to an arbitrator's refusal to entertain an application under Section 3G 5 of the…
Healthtech startups in India have attracted $113 billion in 2024, signaling a surge in investments and interest in the sector. This growth indicates the increasing importance of…
The Madras High Court dismissed an appeal challenging the appointment of a new head for a mutt led by Swami Nithyananda. The case involved a dispute over the selection process for…
The Allahabad High Court stayed the arrest of a man accused of fraudulently obtaining a naturalization certificate. The case involved allegations that the individual had falsified…
The Allahabad High Court refused to grant relief to YouTuber Mridul Madhok in a defamation case filed against him by fitness influencer Kopal Agarwal, accusing him of…
The Bombay High Court reviewed a trademark infringement dispute between two individuals, Abhishek Lodha and Abhinandan Lodha, concerning the use of the "Lodha" trademark. The case…
The Finance Minister described the Union Budget 2025 as a "budget by the people, for the people," emphasizing inclusivity and equitable growth. The government aims to address the…
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