News & Judgements

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 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…

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…

Mahesh Bhupathi-backed Scentials is preparing to raise fresh funds from its existing investors. The company, which focuses on premium fragrance products, is aiming to secure…

Upstox, a prominent fintech firm, reported an eightfold increase in profits to INR 190 crore in FY24. The growth in earnings reflects the company’s success in capturing a larger…

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 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 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 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 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 directed the Delhi State Legal Services Authority DSLSA to monitor the appearance of legal aid counsels in district courts. The court emphasized that legal…

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 Kerala High Court dismissed a challenge against the Benami Transactions Prohibition Act proceedings, stating that the statutory remedy was available to the aggrieved party.…

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 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 distribution of liquidation proceeds to secured creditors must be based on admitted claims under the Insolvency and Bankruptcy Code IBC . The case…

The government may consider taxing companies that cut jobs due to the adoption of artificial intelligence AI , according to the Chief Economic Advisor CEA . This proposal seeks to…

The Economic Survey of India reported that the increase in merchandise imports reflects a rebound in domestic consumption. The survey pointed out that higher imports are driven by…

The ITAT quashed an order by the Commissioner of Income Tax CIT for not considering the taxpayer’s submissions. The case involved a dispute over the taxpayer’s tax filings, where…

The India-Oman Double Taxation Avoidance Agreement DTAA is set to change significantly, affecting tax obligations between the two nations. The revisions aim to reduce the tax…

The MCA imposed a penalty on a company and its directors for not mentioning the DIN in the financial statements, a violation of corporate governance norms. The DIN is a unique…

The ITAT condoned the delay in filing an appeal due to the assessee's health issues and the Covid-19 pandemic. The tribunal acknowledged that the applicant could not file the…

The MCA imposed a penalty on a company for failing to obtain shareholder approval for major related-party transactions. The company did not seek the necessary approval before…

The Supreme Court ruled that prior approval from the Competition Commission of India CCI is mandatory before the Committee of Creditors CoC can examine a resolution plan that…

The ITAT ruled against an exemption claim by a cooperative society on interest income received from nationalized banks. The society had argued that the interest income should be…

The Kerala High Court ruled that money in a bank account is liable for provisional attachment under section 281B of the Income Tax Act. This section allows the income tax…

The Budget session of the Indian Parliament has officially commenced with Prime Minister Narendra Modi addressing the pre-Budget session. In his speech, Modi emphasized the…

The Income Tax Appellate Tribunal ITAT granted relief to the publisher of the Harry Potter series by remitting a transfer pricing and corporate tax matter back to the tax…

The Ministry of Corporate Affairs MCA imposed a penalty on a company and its directors for failing to disclose the Directors Identification Number DIN in the financial statements.…

The Directorate General of GST Intelligence DGGI uncovered a large-scale GST fraud in Bengaluru involving fake invoices and stock market manipulation. The fraud was carried out…

The Enforcement Directorate ED conducted a raid on a former commissioner from the MUDA Mysuru Urban Development Authority , but the Karnataka High Court declared the action…

The real estate sector has called for a revision of the affordable housing limit in the Budget 2025 to enable more tax benefits. The current limit restricts the number of…

The Finance Bill 2025 is expected to amend the CGST Act to introduce a track-and-trace mechanism aimed at curbing high evasion of goods movement. This mechanism will require goods…

The Kerala High Court canceled the appointment of an Assistant Professor at Kannur University, finding discrepancies in the appointment process. The case was related to…

Nodwin Gaming acquired Starladder to expand its gaming portfolio. The strategic acquisition will allow Nodwin to broaden its reach in the esports sector and strengthen its…

The Sensex and Nifty rallied following the Economic Survey, which ignited hopes for a pro-growth budget. Market sentiment improved as investors reacted positively to the Survey's…

Garuda Aerospace is set to invest INR 100 crore in building a drone city in Andhra Pradesh. This initiative aims to create a hub for the development, production, and testing of…

The Financial Intelligence Unit FIU imposed a penalty of INR 9.3 crore on the crypto platform Bybit for failing to comply with anti-money laundering AML regulations. The penalty…

PB Fintech shares surged over 3% after the company reported a strong Q3 profit, exceeding analyst expectations. The uptick in stock value reflects investor confidence in PB…

Swiggy’s shares jumped 4% during intraday trading, reflecting a positive market response to recent developments. Investors reacted favorably to the company’s performance, driven…

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…

Servify, a startup offering device protection and management services, plans to file for an IPO, aiming to raise $500 million by August. The IPO will help the company expand its…

Honasa’s shares took a significant hit, falling over 6%, reaching a fresh all-time low. The sharp decline in stock value reflects investor concerns regarding the company's…

The Karnataka High Court ruled that daughters have a right to share in ancestral property under Section 6 of the Hindu Succession Act, even after a partition. The judgment…

India's UPI Unified Payments Interface system is gaining global recognition for its ease of use, security, and scalability. President Murmu highlighted UPI's role in driving…

Ola Electric’s shares surged 14% following the launch of its Gen-3 electric scooters. The company’s new product has generated significant consumer interest and investor…

Mattel’s iconic Barbie doll has been integrated into the Kiddopia app, a popular children’s educational platform. This collaboration aims to provide an interactive and educational…

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 Madras High Court directed the Tamil Nadu Home Secretary to ensure prompt filing of FIRs and the submission of final reports in cases under investigation. The court expressed…

The Allahabad High Court ruled on the use of tape recorders for recording evidence during trials, specifically when dealing with hostile witnesses. The court noted that recording…