Honasa, the parent company of personal care brands, allocated 45,000 stock options to its ESOP pool. This move is designed to incentivize and retain key employees, aligning their…
19/01/20251 min read
Read Sorted by Latest
Honasa, the parent company of personal care brands, allocated 45,000 stock options to its ESOP pool. This move is designed to incentivize and retain key employees, aligning their…
The weekly funding report for Indian startups showed significant activity, with several firms raising capital. Investors continue to show interest in the Indian startup ecosystem,…
100XVC, a venture capital firm, has invested $27 million in 18 startups from its 12th cohort. This funding round highlights the continued support for innovative startups across…
The government is set to introduce the Income Tax Bill in the upcoming Budget session, which will likely propose significant reforms. The Bill aims to simplify tax procedures,…
Paytm has allotted 20.3 lakh stock options to its ESOP pool as part of its employee retention program. The company aims to reward employees and align their goals with the…
Rapido, the bike taxi service, is expanding to 500 cities across India. This expansion is part of Rapido’s strategy to capture a larger share of the growing urban transportation…
Foreign Portfolio Investors FPIs have withdrawn over Rs 44,300 crore from Indian markets in January. The massive outflow is attributed to global economic uncertainties and changes…
The CBIC has announced amendments to the GST rate framework, intending to simplify compliance and enhance efficiency. Key changes include adjustments to rates for specific goods…
The Delhi High Court ruled that secondment of employees by Samsung does not create a Permanent Establishment PE under Article 5 of the India-Korea Double Taxation Avoidance…
The Delhi High Court ruled that the importation of wireless access points operating solely on MIMO Multiple Input, Multiple Output technology is exempt from customs duty. The case…
The Income Tax Department has released an updated utility for ITR Income Tax Return filings, incorporating changes for ITR-1 to ITR-7. This development aims to facilitate smoother…
The NCLAT ruled in a case involving CIRP Corporate Insolvency Resolution Process proceedings, highlighting the importance of malicious intent and the recall of orders under…
The Delhi High Court ruled that the position of Permanent Establishment PE is fact-specific and must be examined separately for different tax periods. The case concerned whether a…
The Delhi District Commission held M/s Adinath Properties Pvt. Ltd. liable for unfair trade practices for offering possession of property without the necessary occupancy…
A cold storage company received relief from the ITAT, as the tribunal upheld the legitimacy of interest-free advances made to farmers. The case involved a cold storage company…
The ITAT remanded a case back to the CIT A due to the assessee’s failure to disclose multiple Permanent Account Numbers PANs . The issue arose when the taxpayer had multiple PANs,…
Cipla Ltd. was hit with a substantial GST penalty for inadmissible input tax credit ITC claims and delayed payments. The company was found to have improperly claimed ITC on…
An aspiring Chartered Accountant was arrested in connection with a cryptocurrency scam via a dating app. The individual was allegedly involved in defrauding users through fake…
The NCLAT ruled that the replacement of an authorized representative during CIRP proceedings must comply with specific regulations. The issue arose when a creditor sought to…
The Delhi High Court ruled that Section 129 of the CGST Act does not prescribe a statutory penalty and should not override Section 126. The court clarified that the provisions of…
The Delhi High Court quashed income tax additions based on historical data and facts, ruling that assessments cannot solely rely on old or irrelevant facts for making additions.…
The ITAT upheld an income assessment by the AO, where the taxpayer’s income, shown unsubstantiated in the ITR, was estimated at 8% of the gross receipts. The taxpayer failed to…
The CESTAT ruled that the cost of parts supplied by a principal manufacturer is not part of the assessable value in the case of a job worker. In this instance, a job worker…
The Supreme Court has emphasized the necessity for the government to provide additional staff to the Debt Recovery Tribunal DRT when imposing an increased workload. This…
The Delhi High Court has nullified an income tax addition on interest FD funds reserved for coal mine purchases. The court's ruling emphasizes the importance of adhering to legal…
The ITAT has granted exemption under Section 10B for VRS Voluntary Retirement Scheme compensation, recognizing a central government-approved scheme benefiting employees. This…
The fifth amendment to the Foreign Exchange Management Deposit Regulations 2025 has been implemented, introducing key changes to enhance the effectiveness of foreign currency…
The fifth amendment regulations 2025 to FEMA Foreign Exchange Management Act were introduced, reflecting updates to the framework governing foreign currency accounts. These…
The ITAT has ruled in favor of allowing deductions under Section 80IA, even when depreciation claimed is less than the limit, quashing a revision order by the PCIT. This decision…
The Ministry of Corporate Affairs has issued an update on Form IEPF-5, mandating postal receipt submission for SRN Service Request Number processing. This requirement aims to…
The CBIC has reduced the GST rate for fortified rice kernels to 5% and updated the definition of pre-packaged and labeled goods. This reduction aims to enhance accessibility to…
The CBIC has granted GST exemption for motor vehicle accident fund insurance and NSDC training partners, reflecting a commitment to social welfare. By exempting these services…
The CBIC has implemented the 55th GST Council recommendation, granting GST exemption on gene therapy. This move is aimed at promoting innovation in healthcare and making advanced…
The income tax portal has launched an updated utility for ITR-U filings for the assessment year, enhancing the filing process for taxpayers. This update includes improvements…
The US-India Tax Forum has proposed key tax reforms ahead of the Union Budget 2025, focusing on enhancing bilateral trade relations and investment. The recommendations aim to…
The Himachal Pradesh High Court ruled that the penalty provision under Section 167 of the HP VAT Act cannot be invoked without first determining the applicability of Section 164.…
The CBIC has clarified GST rules concerning pre-packaged goods and gene therapy. These clarifications aim to ensure better compliance and understanding among businesses operating…
The CBIC has amended customs duty exemptions for LRSAM Long Range Surface to Air Missile equipment, aiming to bolster defense capabilities. This amendment reflects the…
The CBIC has announced a GST exemption for exports at a concessional rate of 0.1%. This measure aims to enhance the competitiveness of Indian goods in global markets by reducing…
In line with public interest, the CBIC has revised GST rates for key supplies, reflecting a commitment to serving the needs of consumers and businesses alike. This decision aims…
The CBIC has issued Notification No. 06/2025, detailing significant amendments to the GST rates for 2025. This notification introduces key changes that impact various sectors,…
The Union Budget 2025 is anticipated to focus on tax relief for salaried individuals and MSMEs, aiming to stimulate economic growth. Experts believe that increased disposable…
The Calcutta High Court ruled that the seat of arbitration and exclusive jurisdiction must be examined under the terms of the arbitration agreement. The case involved a dispute…
The Delhi High Court ruled that framing a transfer pricing order against a non-existent entity is a significant procedural defect that cannot be cured. The case dealt with a…
The Gauhati High Court held that a Show Cause Notice SCN issued under Section 73 of the CGST Act without the signature of a proper officer is ineffective. The case involved a…
The Kerala High Court addressed the issue of intersectionality and multiple discrimination through the Justice Hema Committee’s report. The report advocates for the creation of a…
The Supreme Court granted bail to Padam Chand Jain, an accused in the JJM scam, while also clarifying the conditions of bail for former Delhi Deputy CM Manish Sisodia. The Court…
The Kerala High Court addressed the consolidation of suits under the Civil Procedure Code CPC , emphasizing the importance of a clear and orderly approach when dealing with…
The Madras High Court ruled that senior citizens receiving old-age pensions are eligible for benefits even if they are being taken care of by others. The court concluded that…
Meta and WhatsApp appealed for a stay on the ₹213 crore penalty imposed by the Competition Commission of India CCI over antitrust violations. The companies contested the fine,…
Honasa, the parent company of personal care brands, allocated 45,000 stock options to its ESOP pool. This move is designed to incentivize and retain key employees, aligning their…
Showing 50 of 42930 updates