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An income tax raid on an ex-BJP MLA led to the seizure of gold and large amounts of cash. The raid is part of ongoing investigations into alleged illegal wealth accumulation. The…
The National Restaurant Association of India NRAI has urged the government to support the restaurant industry in the Union Budget 2025-26. The NRAI wants the government to…
The deadlines for filing GST returns GSTR-5, GSTR-6, GSTR-7, and GSTR-8 for December 2024 have been extended. This decision by the CBIC is aimed at providing taxpayers more time…
The Kerala High Court ruled that the state cannot levy a fee on the plinth area of buildings constructed on converted paddy land. The Court found that such a fee could not be…
The Kerala High Court granted anticipatory bail to Rahul Easwar, a prominent activist, in a case filed by an actress. The actress had accused him of making inappropriate remarks…
The market capitalization of five of the top 10 most valued companies in India declined by INR 1.85 lakh crore last week. This significant drop highlights the challenges faced by…
The State Bank of India SBI suffered a significant loss of INR 44,935 crore over five days due to a market decline. This sharp downturn in SBI’s market capitalization has raised…
The Indian stock market is experiencing mixed movement as of January 12, 2025, with both gains and losses observed across various sectors. Investor sentiment remains cautious,…
The Supreme Court ruled that the right to access justice is not absolute and imposed a cost of Rs. 1 lakh on a litigant who filed multiple frivolous cases. The Court emphasized…
The Supreme Court ruled that if a propounder takes a prominent part in the execution of a will and stands to benefit substantially, it raises suspicions that must be dispelled.…
The Supreme Court expressed shock at a trial court in Gujarat imposing only a three-year sentence for a rape conviction. The Court called for a review of the sentence, emphasizing…
The Supreme Court ruled that delays in filing appeals cannot be condoned based solely on the merits of the main case if there is no sufficient explanation for the delay. The Court…
The Supreme Court ruled that amendments to a plaint under Section 80 of the Civil Procedure Code CPC , linked to the main cause of action, constitute a continuous course of…
The Supreme Court ruled that the denial of default bail under the Unlawful Activities Prevention Act UAPA is permissible if further investigation is required. The Court upheld the…
The Supreme Court overturned a murder conviction where the weapon used in the crime was missing and the eyewitness testimony was unreliable. The Court ruled that in the absence of…
The Supreme Court flagged the stringent limitation provisions in arbitration law, which have been curtailing appeal remedies. It expressed concern that such provisions may…
The Supreme Court ruled that a convict who is granted the benefit of probation will not suffer any disqualification due to their conviction. The ruling clarified that a…
The Supreme Court ruled that a wife can claim maintenance from her husband even if they are not living together, provided there is a decree for conjugal rights or restitution of…
The Allahabad High Court granted a stay on criminal proceedings that were pending for 34 years. The Court observed that the prolonged delay was unreasonable and ordered the state…
The Patna High Court ruled that recovery of excess amounts from a retired employee is impermissible if the period exceeds five years before the order for recovery. The Court…
The Kerala High Court ruled that in the case of illegal termination, an employee is entitled to full back wages unless the employer can prove that alternative employment was…
The Delhi High Court held that a delay in issuing a requisition under Section 132A of the Income Tax Act due to ongoing investigations by authorities can be condoned. The case…
The Delhi High Court ruled that the Customs Department cannot encash a bank guarantee provided by a trader during the pendency of an appeal if a pre-deposit has been made. The…
The West Bengal Real Estate Regulatory Authority WBREAT directed a builder to hand over possession of a flat to a homebuyer and pay interest for the delay. The case concerned a…
The Delhi High Court clarified that the date of receipt of the corrected award is the disposal date for the purpose of calculating limitation under Section 34 of the Arbitration…
The Supreme Court flagged the stringent limitation provisions that curtail arbitration appeal remedies, urging Parliament to address this issue. The Court expressed concern that…
The Chhattisgarh High Court ruled that an income tax appeal should not be filed merely because the tax effect exceeds the monetary limits prescribed. The ruling emphasized that…
The ITAT remanded a case concerning the disallowance of employer contributions under Section 43BB due to delayed payments. The case involved the taxpayer’s delayed payments to an…
The ITAT deleted a 50% disallowance of foreign travel expenses, citing a lack of evidence for personal use. The case involved the disallowance of a portion of foreign travel…
The ITAT ruled that amalgamation expenses are not treated as business expenses under Section 371 of the Income Tax Act. The case involved a dispute over whether the costs incurred…
The ITAT deleted a disallowance of Rs. 33.75 lakh under Section 14A concerning exempt dividend income. The taxpayer had incurred expenses related to earning exempt income, which…
The ITAT deleted an addition made by the AO regarding a taxpayer’s expenses mistakenly labeled as commission rather than construction expenses. The taxpayer had erroneously…
The ITAT remanded a case involving property transfer under Section 247 for document verification. The case dealt with the sale of property where the buyer’s possession and…
The ITAT ruled that cooperative societies are eligible for a deduction on interest income earned from cooperative banks, citing that co-op banks are essentially co-op societies.…
The Kerala High Court ruled that BH-series vehicles are taxable as per state motor vehicle tax laws. The case centered around the taxability of vehicles registered under the…
The ITAT upheld the Commissioner of Income Tax's CIT decision to deny an exemption claim due to the lack of supporting documents. The taxpayer had failed to provide sufficient…
The Supreme Court’s division bench is set to review a matter concerning service tax liability on salary reimbursements for seconded employees. The issue revolves around whether…
The Supreme Court ruled that the terms agreed upon between banks and credit cardholders cannot be rewritten by the National Consumer Disputes Redressal Commission NCDRC . The case…
The Delhi High Court has observed that a service tax case involving limitation periods is non-maintainable. The Court ruled that the case should not proceed under the limitation…
The Appellate Authority for Advance Ruling AAAR ruled that herbal cigarettes are not considered medicinal and are therefore subject to a GST levy of 28%. The decision clarified…
The ITAT has remanded a case back to the Assessing Officer AO due to a mix-up in the assessment year. The AO had wrongly considered the wrong assessment year for tax assessment,…
The CESTAT allowed a refund of service tax paid pre-GST on input services used for post-GST exports under Section 142 4 of the GST Act. The case involved a claim for refund of…
The Chhattisgarh High Court emphasized the mandatory procedural safeguards in cases of stigmatic termination of contractual employees. The ruling reiterated that such terminations…
The National Company Law Appellate Tribunal NCLAT upheld the rejection of applications concerning disputed property, confirming it as part of the corporate debtor's assets in the…
The ITAT remanded a case for ex-parte dismissal due to a lack of consideration. The case involved a tax dispute where the ITAT dismissed the appeal without proper consideration of…
The CESTAT ruled that there is no mandatory registration requirement for IT software services to claim CENVAT credit refund on undisputed exports under GST. The case involved a…
The Supreme Court stayed GST proceedings against online gaming companies. This ruling follows a dispute over whether online gaming services should be subjected to GST. The Court…
The Insolvency and Bankruptcy Board of India IBBI mandated the sale of assets under liquidation through the eBkray auction platform. This move aims to bring greater transparency…
CESTAT ruled that digital still image and video cameras are eligible for BCD exemption if their parameters fall below a specified threshold. The case involved a dispute over the…
The ITAT allowed relief in the disallowance of the set-off of brought-forward losses under Section 72 3 of the Income Tax Act. The case involved a taxpayer who sought to set off…
An income tax raid on an ex-BJP MLA led to the seizure of gold and large amounts of cash. The raid is part of ongoing investigations into alleged illegal wealth accumulation. The…
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