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Inframarket, a construction technology platform, raised INR 1,050 crore at a valuation of $2.8 billion, led by Tiger Global and other investors. This significant funding round…
Maharashtra RERA has tightened scrutiny on developers and advised homebuyers to exercise caution when investing in real estate. The move follows an increasing number of complaints…
The Madhya Pradesh High Court heard a PIL Public Interest Litigation seeking a ban on the use of loudspeakers due to noise pollution. The petition raised concerns over the harmful…
ITAT has remanded a case to the Assessing Officer AO due to improper inquiry and lack of evidence in the tax assessment process. The case pertains to the rejection of the…
CBIC has issued a notification waiving late fees for filing GST reconciliation statement GSTR-9C for the financial years 2017-18 to 2022-23. The waiver is applicable to businesses…
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…
Sovereign Wealth Funds SWFs are urging the Indian government to extend tax exemptions for investments in infrastructure, especially in the upcoming 2025 budget. The funds believe…
CBIC has issued a notification to strengthen the jurisdiction of Central Excise and Service Tax authorities. The notification aims to provide clear guidance and define…
The Delhi High Court dealt with a legal dispute between Dabur and Patanjali regarding advertisement claims. The case centered on allegations of misleading advertisements made by…
The Orissa High Court issued a ruling regarding the interim release of a vehicle involved in a case under the NDPS Narcotic Drugs and Psychotropic Substances Act. The case…
The Gauhati High Court dealt with the appointment of the Lokayukta in Nagaland under the Nagaland Lokayukta Act. The case involved a legal challenge to the procedure followed for…
The CBIC has waived the late fees for filing GSTR-9C for the financial years 2017-18 to 2022-23. This move comes as a relief to businesses that faced difficulties in meeting the…
The CBIC has amended GST rules to strengthen compliance requirements for Composition Scheme taxpayers. Specifically, Form GST CMP-02 has been updated to require taxpayers to…
The Central Board of Indirect Taxes and Customs CBIC has introduced a new Temporary Identification Number TIN under the GST rules. This initiative aims to streamline the process…
The ITAT allowed a disallowance of interest expenses on the grounds of the lack of a clear nexus between the borrowed funds and personal investments. In this case, the taxpayer…
The Punjab and Haryana High Court ruled that merely relying on the instrument that creates a trust does not make the granting of approval under Section 11 of the Income Tax Act…
The Telangana High Court addressed the issue of the BRS Bharat Rashtra Samithi Rythu Maha Dharna held in Nalgonda, which was organized as part of a protest for farmers' rights.…
The NCLAT has upheld the resolution plan in an insolvency case, stating there was no irregularity in the conduct of the Corporate Insolvency Resolution Process CIRP . The case…
The Central Consumer Protection Authority CCPA issued a notice to Apple over performance issues in iPhones after a recent software update. The notice follows complaints from…
CBIC has enabled Central Excise officers to adjudicate appeals related to excise and service tax cases that were filed before the implementation of GST. This decision aims to…
Arya Agri, a major player in agri-business, secured $30 million in debt financing from HSBC. This financial boost will be utilized for expanding its supply chain infrastructure…
The CBDT has introduced special taxation provisions for non-resident cruise ship operators. This move aims to provide clarity on the tax liabilities of foreign operators within…
The Union Budget 2025 is expected to address the demands of SMEs and MSMEs. Key expectations include measures to ease compliance, reduce tax burdens, and encourage innovation.…
GSTN has resolved the issue of duplicate entries in GSTR-2B, affecting taxpayers filing GSTR-3B. The advisory highlights the method to resolve discrepancies when multiple entries…
ArisInfra has successfully raised INR 80 crore via a pre-IPO placement. The funds will be utilized to strengthen the company’s position as it prepares for its public offering. The…
PharmEasy-owned Thyrocare reported a 29% increase in its Q3 profit, reaching INR 19 crore. This growth is attributed to the rise in demand for healthcare services, including…
The Singapore High Court has approved WazirX’s restructuring plans, allowing the cryptocurrency exchange to move forward with its recovery strategy. The court’s approval comes…
GSTN has rolled out phase III changes to Table 12 of GSTR 1 and GSTR-1A, effective from February 2025. These changes include the addition of new fields, which will allow taxpayers…
GSTN has issued an advisory to ensure the mandatory mentioning of HSN codes in GSTR-1 and GSTR-1A filings. This new requirement is designed to enhance the clarity and accuracy of…
ITAT has directed reassessment after ex-parte dismissal of an income tax case due to negligence by taxpayers. The case involved non-compliance with tax procedures, and the ITAT…
The daily startup funding roundup for January 23, 2025, highlights significant investment deals and developments in India’s startup ecosystem. Key highlights include several…
The Bombay Stock Exchange BSE Sensex and Nifty indices have experienced fluctuations on January 23, 2025, driven by market sentiment, corporate earnings, and global economic…
DroneAcharya has signed a merger agreement with AITMC Ventures to combine their operations. The merger aims to enhance DroneAcharya’s technological capabilities and expand its…
In the case of deceased assessees with unexplained bank deposits yielding interest, the ITAT has remitted the case for de novo assessment. The tax authorities had flagged the…
The ITAT has deleted a ₹32 lakh addition made to the income of a trader who sold opening stock at discounted rates, leading to higher sales than in previous years. The authorities…
Adani Infrastructure has sought clearance from the Competition Commission of India CCI to acquire a majority stake in PSP Projects. This acquisition will enhance Adani's presence…
The Supreme Court of India has directed the Reserve Bank of India RBI to develop a standardized approach for title searches before sanctioning loans against property. This ruling…
Bank deposits in India have seen a growth of 10.83%, reaching INR 221.50 trillion in January. This growth reflects steady improvement in the banking sector, driven by increasing…
Inframarket, a construction technology platform, raised INR 1,050 crore at a valuation of $2.8 billion, led by Tiger Global and other investors. This significant funding round…
Maharashtra RERA has tightened scrutiny on developers and advised homebuyers to exercise caution when investing in real estate. The move follows an increasing number of complaints…
The Supreme Court has ruled that women lawyers will have a 30% reservation in the executive positions of the Delhi Tax and Sales Tax Bar Association. This decision aims to promote…
The Bombay High Court has quashed GST on leasehold rights, directing authorities to consider the Gujarat High Court’s decision while remanding the matter. The court found that the…
A Gauhati High Court ruling has stated that an order passed under Section 73 of the CGST Act without the signature of the proper officer is ineffective. The judgment highlights…
A homebuyer has been awarded INR 2.26 crore for a 10-year delay in the possession of their flat. The consumer court ruled that the builder failed to deliver the property within…
MakeMyTrip’s quarterly revenue has surged, driven by a booming demand for travel services. The company reported a significant increase in bookings, attributed to the growing trend…
IIFL Fintech Fund has successfully raised INR 200 crore through its second fund. The fund will be utilized to invest in financial technology companies that are poised for growth.…
Private equity PE and venture capital VC growth in 2024 is expected to face challenges due to macroeconomic pressures, according to a recent report. Despite this, the report…
India saw investment MoUs worth INR 16 lakh crore at the World Economic Forum WEF in Davos, with Maharashtra leading the way. The state signed a series of investment agreements…
DroneAcharya has entered into a strategic merger agreement with AVPL, a move designed to strengthen its position in the drone technology sector. The merger aims to leverage both…
Everstone has announced the acquisition of Wingify, a bootstrapped SaaS company, for $200 million. This acquisition strengthens Everstone's portfolio in the technology sector,…
Inframarket, a construction technology platform, raised INR 1,050 crore at a valuation of $2.8 billion, led by Tiger Global and other investors. This significant funding round…
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