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The ITAT upheld the Commissioner of Income Tax Appeals' CITA decision to delete a large income tax addition by relying on past agricultural purchases to determine the gross profit…
The ITAT addressed the rejection of trust registration due to the non-submission of required documents. The matter was restored for further examination after the tribunal ruled…
The CBI has arrested a Deputy Superintendent of Police DYSP in a bribery scandal linked to corruption within the customs department. The scandal involves allegations of bribery…
The ITAT ruled that unexplained cash credits amounting to crores of rupees should be added to the taxpayer’s income. However, it upheld the CITA's decision to delete the addition…
The Bombay High Court recently ruled that the Section 87A rebate should be applied to the total tax, including those calculated at special rates, unless there is an explicit…
In a recent case, the ITAT remanded the matter of verifying cash deposits as trust income to the Assessing Officer AO for further investigation. The issue arose over unexplained…
The ITAT remanded a case involving unexplained money additions of several crores due to a lack of fair hearing. The case involved a dispute over unexplained cash credits added to…
The GSTN issued an advisory on alternative mechanisms for ensuring business continuity for e-invoice and e-waybill systems during downtimes. This advisory recommends businesses…
Maharashtra's Customs Commissioner has launched a new electronic voluntary payment system on the ICEGATE platform. This system allows businesses and importers to make voluntary…
The NCLAT has directed Meta to pay a penalty while staying the ban on WhatsApp's data-sharing policy. The case revolves around Meta's controversial data-sharing practices, which…
The Indian government is considering introducing a social security scheme for gig workers to address concerns over job security, health benefits, and retirement savings. The…
The ITAT ruled against the disallowance of lakhs of rupees in LC discounting charges under Section 36 1 iii , deeming the addition unjustified. The case involved a claim for…
The ITAT upheld the Commissioner of Income Tax Appeals' CITA decision to delete a significant addition concerning undervaluation of closing stock. The tax authorities had added a…
The CBIC issued a warning to taxpayers about fake GST summons being circulated by fraudsters. These counterfeit summons are misleading businesses into making unlawful payments.…
National Law University, Odisha, withdrew a statement it had made declaring student demands for better academic policies and infrastructure as illegal. The university had…
The Punjab and Haryana High Court ruled that an appeal under Section 37 of the Arbitration Act is not maintainable against an order passed under Order VII Rule 10 of the Civil…
The Bombay High Court upheld the amendments made to the Income Tax Act in 2007, particularly those impacting bank officers. These amendments were challenged on the grounds that…
The Kerala High Court once again addressed issues of anarchy and discipline breaches by government servants related to illegal hoarding activities. The Court reiterated the…
The Madhya Pradesh High Court ruled on the political pressure faced by district magistrates, citing undue influence exerted by the state government. The Court expressed concern…
The Allahabad High Court ruled that insulting or attacking a political party does not attract Section 295A of the IPC, which deals with offenses related to religious beliefs or…
The Allahabad High Court issued a show-cause notice for contempt of court to a Bar Association in connection with the suspension of a lawyer's work after the demise of former…
The Allahabad High Court decided that the mother’s conduct in fleeing without divorce and handing over custody of the minor to the father should be taken into account. The Court…
The Allahabad High Court held that an employer’s threat to an employee can be addressed in constitutional courts, specifically under criminal contempt. In this case, an employee…
The Jharkhand High Court ruled that arbitral tribunals are not bound by the strict procedures of the Civil Procedure Code CPC and have the discretion to determine the real issues…
The Allahabad High Court dismissed a teacher's plea for a mid-term transfer, noting that marital discord is not a sufficient reason to justify such a transfer. The teacher, who…
The Supreme Court dismissed the state's appeal in a case where an accused was assaulted while in police custody. The Court ordered that appropriate action be taken against the…
Students from National Law University, Odisha, initiated an indefinite protest demanding improved academic policies and infrastructure. The protest was in response to issues…
The Karnataka High Court ruled that the right to health is a fundamental right under the Constitution of India. The court emphasized that access to healthcare services is…
Amazon Web Services AWS is planning an investment of $8.3 billion in cloud infrastructure in Maharashtra by 2030. This investment is aimed at expanding AWS's presence in India and…
The Enforcement Directorate ED has frozen INR 500 crore in funds linked to a crypto scam, which were held with Paytm, Razorpay, and other platforms. The scam involved the illegal…
The Supreme Court stayed a rape case against a former Army officer, citing a lack of sufficient evidence to proceed with the case. The decision has sparked discussions regarding…
The Orissa High Court directed that differently-abled persons be provided better access to the Puri Jagannath Temple. The Court observed that the temple management had failed to…
Groww is planning to file draft papers for a $1 billion initial public offering IPO by April or May, according to reports. The fintech company, which offers investment products…
A senior RBI official has suggested that Central Bank Digital Currency CBDC could be used for the collection of micro-loans. The official pointed out the potential benefits of…
Spencer’s Retail plans to raise funds once it reaches a breakeven point, aiming to enhance its valuation. The company is focused on expanding its operations and improving its…
OpenAI has launched Operator, a new AI agent designed to autonomously perform web-based tasks. The agent can carry out various functions such as managing schedules, making…
The Allahabad High Court refused to provide relief to Hindu plaintiffs seeking the right to worship at Krishna Koop, a site tied to the Krishna Janmabhumi dispute. The Court noted…
The Andhra Pradesh High Court ruled on the maintainability of a civil revision petition challenging an order by the Debt Recovery Tribunal DRT . The Court clarified that such…
The Delhi High Court dismissed a plea seeking a special sitting of the Legislative Assembly to table CAG reports, emphasizing that such a matter falls within the domain of the…
The Allahabad High Court ruled on the jurisdiction of family courts in marriage-related matters under Section 19 of the Hindu Marriage Act, determining that family courts have the…
The Madras High Court directed the CBCID to file a charge sheet in the Vengaivayal case, where human feces were found in a water tank. The Court's decision highlights the…
The Madhya Pradesh High Court heard a PIL regarding the implementation of Section 43 of the POCSO Act. The Court highlighted the necessity for the proper implementation of the Act…
The Kerala High Court issued a ruling on anarchy and discipline breaches by government servants. The Court condemned illegal hoarding activities by government employees and…
The Madras High Court ruled on the entitlement of maternity leave for a woman claiming it for her third pregnancy. The Court held that maternity leave is applicable for all…
The Allahabad High Court denied bail to a man accused of raping and impregnating his sister, describing the act as an unforgivable betrayal. The Court noted the gravity of the…
Astrotalk, a leading astrology platform, has entered the direct-to-consumer D2C vertical and aims to generate INR 1,250 crore in revenue for FY25. The company plans to expand its…
Blackstone has partnered with the Telangana government to develop a data center in Hyderabad. The project will contribute to expanding India's data infrastructure, enhancing…
Dr. Agarwal’s Eye Hospital is set to launch its IPO on January 29, with a price band between INR 382 and INR 402 per share. The funds raised will be used to expand its network of…
The CBIC has notified new rules for entities to obtain temporary identification numbers TIN for GST purposes. The TIN will serve as a provisional registration for businesses that…
The Daily Roundup for January 24, 2025, highlights major startup news and developments in India. This includes investment deals, new product launches, and regulatory updates…
The ITAT upheld the Commissioner of Income Tax Appeals' CITA decision to delete a large income tax addition by relying on past agricultural purchases to determine the gross profit…
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