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The Delhi High Court dismissed the bail application of former promoters of Unitech, a real estate company embroiled in financial fraud. The Enforcement Directorate ED had filed a…
Tax professionals have urged the government to enhance the Goods and Services Tax GST Integrated Management System IMS to improve compliance in the country. According to experts,…
The ITAT upheld the CIT A ’s deletion of a ₹2.27 crore addition due to unexplained cash deposits under Section 69A of the Income Tax Act. The case involved cash deposits that were…
States are facing delays in appointing members to the Goods and Services Tax Appellate Tribunal GSTAT , hindering its full functionality. GSTAT plays a crucial role in resolving…
The ITAT set aside an ex-parte order after the taxpayer claimed that technical glitches had caused their non-compliance with procedural requirements. In this case, the tribunal…
The Delhi High Court ruled that the right to travel abroad is a fundamental part of an individual's personal liberty under Article 21 of the Constitution. This decision came after…
The ITAT quashed an invalid reassessment notice due to the lack of prior approval from the Principal Chief Commissioner of Income Tax PCCIT . In this case, the reassessment was…
The ITAT set aside an ex-parte order concerning a cash deposit of ₹33 lakh, ruling that there was a clear violation of Section 250 6 of the Income Tax Act. The addition was based…
Mankind Pharma is facing a ₹2.27 crore penalty for alleged discrepancies in its GST filings. The company reportedly made errors in reporting its GST liabilities, leading to…
The ITAT ruled that Section 68 of the Income Tax Act cannot be invoked merely for the taxpayer’s non-appearance before the Assessing Officer AO when the genuineness of the…
The Andhra Pradesh High Court has stayed a notification issued by the ICAI Institute of Chartered Accountants of India that removed a chartered accountant accused of fake GST…
The generation date for the draft GSTR-2B for December 2024 has been revised to January 16, 2025, as per a recent update from the GST department. This change has implications for…
The Kerala High Court ruled that registering multiple FIRs for the same accused and complainant constitutes an abuse of the legal process. The case involved an accused person who…
The Kerala High Court has granted bail to Bobby Chemmanur, a businessman accused of sexual harassment. Chemmanur sought bail after being charged with sexual harassment in a case…
The Andhra Pradesh High Court ruled that the supply of power generated by a solar generating power station would not be treated as a works contract and would attract only a 5%…
The Indian stock market showed positive movement on January 14, 2025, with investors reacting to a mix of global cues and domestic corporate earnings. Key indices witnessed gains,…
Apollo is considering a Tenneco India IPO with a potential valuation of $2 billion. This move could reshape the automotive parts sector in India, with Apollo Group seeking to…
Kotak Investment Banking projects that 35 billion-dollar IPOs will keep market momentum strong in 2025. The forecast indicates that several large companies are preparing to launch…
The Rajasthan High Court has granted interim bail to self-styled spiritual leader Asaram Bapu in connection with a 2013 rape case. Asaram, who has been imprisoned for several…
The Rajasthan High Court recently issued a judgment regarding the demotion of a government employee. The case concerned an employee who was demoted under allegations of…
The Allahabad High Court ruled that a married woman’s physical resistance during sexual relations does not automatically imply that the act was against her will. The case revolved…
The Madras High Court has awarded a compensation of Rs. 50,000 to an individual who was illegally detained by the police. The court found that the detention was a violation of the…
The Andhra Pradesh High Court ruled that the supply of solar generating power from a station does not constitute a works contract and is therefore subject to a 5% GST, rather than…
The Karnataka High Court has quashed the charges against Kannada actress Ragini Dwivedi in connection with a case under the Narcotic Drugs and Psychotropic Substances NDPS Act.…
The Jharkhand High Court has directed a business authority to clarify the payment of principal amounts and statutory interest, following a dispute regarding a business…
Wonderchef, the kitchen appliance company backed by celebrity chef Sanjeev Kapoor, has turned profitable in FY24. The company’s turnaround came through effective cost-cutting…
Dunzo, an Indian hyperlocal delivery startup, has decided to shift its operations offline. The move comes after increasing challenges faced in scaling the business amid high…
In the daily roundup of startup news, a range of key developments include funding raises, mergers, and strategic pivots by companies. Several startups in sectors like fintech,…
StashFin, a fintech company, has granted Employee Stock Option Plans ESOPs worth Rs 5 lakhs to its employees as part of its strategy to incentivize and retain talent. The move is…
The Indian government is planning to pare stakes in several public sector banks, including UCO Bank, Central Bank of India, Indian Overseas Bank, Bank of Maharashtra, and Punjab…
Bank fixed deposit FD rates continue to rise as the competition for deposits remains intense among Indian banks. The increased FD rates are a result of banks trying to attract…
The Jharkhand High Court ruled that defendants cannot introduce additional evidence in the form of a death certificate unless relevant pleadings supporting such evidence are…
Adani Group has surpassed Mukesh Ambani's Reliance Industries in terms of mergers and acquisitions M&A deals in 2024. The group has made a series of strategic acquisitions,…
The Bombay High Court ruled that real estate disputes under the Real Estate Regulation and Development Act RERA cannot be arbitrated. The court's decision comes after a dispute…
The Delhi High Court has reserved its order on the interim bail plea of Tahir Hussain, a key figure involved in the 2020 Delhi riots. The police opposed his plea, citing his role…
The Madras High Court has discharged a former District Registrar from corruption charges under the Prevention of Corruption Act. The court found that the prosecution did not…
The Delhi High Court has directed the Taekwondo Federation of India to conduct fresh open selection trials for the 2025 National Games, following a dispute regarding the selection…
The Delhi High Court has ruled on the interpretation of a "domestic relationship" under the Domestic Violence Act, specifically focusing on relationships that are in the nature of…
Urban Company, a home services platform, filed a lawsuit against Kent, a major water purifier company, for allegedly delisting its products from e-commerce platforms. Urban…
The Delhi High Court dismissed the bail application of former promoters of Unitech, a real estate company embroiled in financial fraud. The Enforcement Directorate ED had filed a…
Former IAS trainee Puja Khedkar moved the Supreme Court seeking anticipatory bail after facing allegations related to corruption. Khedkar, who was serving as an officer in…
The Kerala High Court ordered the state government to provide reservation for transgender persons in employment within six months. This ruling followed a long-standing demand by…
The Andhra Pradesh High Court dealt with the controversial issue of ticket price hikes for the films "Game Changer" and "Daaku Maharaj." The state government had issued a…
The Allahabad High Court addressed a procedural issue in a second appeal case where the registry officials mistakenly converted it into a first appeal from an order. The…
The Calcutta High Court took serious exception to the lack of decorum displayed by lawyers during online hearings. In a recent case, the court noted that several lawyers had been…
The Kerala High Court granted bail to Boby Chemmanur in a case of sexual harassment filed by a woman employee. Chemmanur, a prominent businessman, faced serious allegations of…
The Karnataka High Court ruled on the equal pay and holiday entitlement of daily wage workers in the state. The petitioners, representing workers, argued that despite fulfilling…
The Delhi High Court addressed an interim maintenance case under domestic violence laws. The petitioner, a woman seeking maintenance, argued that her husband was not providing…
The Rajasthan High Court suspended the salary of the Health Secretary for the Rajasthan government pending clearance of dues in a case regarding non-payment of outstanding…
The Kerala High Court ruled on the maintainability of eviction proceedings agains a tenant acquiring a share in a leasehold property. The court held that eviction can be…
The Delhi High Court dismissed the bail application of former promoters of Unitech, a real estate company embroiled in financial fraud. The Enforcement Directorate ED had filed a…
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