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Magenta Mobility reported a 15% increase in losses for FY24, totaling INR 48 crore. The company attributed the widening losses to increased operational costs and investments in…
The Supreme Court addressed a plea against pharmaceutical companies allegedly conducting clinical drug trials on impoverished Indian populations, referencing the Bhopal gas…
In a landmark decision, the Supreme Court ruled that land meant for the poor cannot be commercially exploited. The court set aside a High Court direction to convey a Mumbai plot…
The Delhi High Court ruled on the invocation of Section 159 of the Income Tax Act, which allows the issuance of reassessment notices during the lifetime of an assessee. The case…
In an important ruling, the NCLAT held that the unilateral revocation of a guarantee does not discharge the guarantor’s obligations. The case involved a creditor who sought to…
The NCLAT ruled that a successful auction purchaser of an insolvent company cannot be compelled to pay the pre-CIRP Corporate Insolvency Resolution Process electricity dues. The…
The NCLAT ruled that immovable property cannot be transferred based on an unregistered instrument. The case involved the transfer of property rights based on a document that was…
The NCLAT held that initiating arbitration proceedings before issuing a demand notice is insufficient to reject an application under Section 9 of the Insolvency and Bankruptcy…
The Allahabad High Court examined the challenges faced by a rape survivor during trial proceedings, emphasizing the emotional and psychological toll of reliving traumatic…
The Punjab and Haryana High Court directed the expedited transit of a man's body who died in international waters. The bench emphasized the importance of timely procedures and…
The Kerala High Court suspended sentences in the Periya double homicide case, where two men were convicted of murder. The court emphasized on the principle of presumption of…
The NCLT Kolkata ruled that an unsuccessful resolution applicant has no locus standi to challenge the approval of a resolution plan by the Committee of Creditors COC . The case…
The NCLAT ruled that the eviction of a tenant from Corporate Debtor’s CD property cannot be sought under Section 60 of the Insolvency and Bankruptcy Code IBC . The case involved a…
The Madhya Pradesh High Court ruled that an arbitrator has the authority to pass an order for the dissolution of a partnership firm once a dispute between the partners is referred…
The Supreme Court of India stated that a second suit based on the same cause of action must be filed within three years of the rejection of the previous plaint. The judgment arose…
The Supreme Court of India ruled that a government employee transferred through absorption to another department can retain the seniority of their previous department. The case…
The Telangana High Court examined the case involving BRS MLA KT Rama Rao and his alleged involvement in a Formula E race scandal. The court allowed for interrogation, despite…
The Bombay High Court ruled on a sensitive matter concerning the termination of pregnancy for a woman with below-average IQ. The court held that the woman's mental capacity was a…
The Punjab and Haryana High Court dismissed a plea filed by an accused challenging a summoning order in the Gurugram land scam case. The court found that the allegations were…
The Supreme Court clarified that the registering authority cannot automatically refer a sale deed to the Collector under the Indian Stamp Act without establishing a prima facie…
Telugu actor Mohan Babu expressed his readiness to apologize and compensate in a case involving the assault of a journalist. The Supreme Court granted him interim relief,…
The Supreme Court directed that the status quo be maintained regarding a property claimed by UP MLA Abbas Ansari. The Allahabad High Court had earlier declared the property an…
The Supreme Court is set to hear a plea from stakeholders regarding the retrospective levy of 28% GST on online gaming. The move to impose GST on online gaming has faced…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT granted relief to Bharat Petroleum by ruling that intermixed special kerosene oil is exempt from excise duty when…
The Tripura High Court addressed a public interest litigation PIL that questioned the non-filling of vacant government jobs. The court noted the state's failure to fill numerous…
The ITAT has upheld the legality of the reopening of assessments under Section 147 of the Income Tax Act in a case involving Titan Company. The tribunal confirmed that the…
Bakingo has reported crossing Rs 200 crore in revenue for FY24, with marginal losses. The company's growth reflects its successful business model and the rising demand for online…
GSTN issued an advisory on the implementation of Phase III HSN Harmonized System of Nomenclature codes in GSTR-1 and GSTR-1A. The new phase requires businesses to provide detailed…
A technical glitch in the GST portal has disrupted the filing of GSTR-1 returns, creating concerns for businesses and tax professionals as the January 11 deadline approaches.…
The Bombay High Court has ruled that the Income Tax Department cannot reopen assessments after 10 months from the expiry of the limitation period under the Income Tax Act. This…
The National Company Law Appellate Tribunal NCLAT has quashed the National Company Law Tribunal’s NCLT rejection of Corporate Insolvency Resolution Process CIRP proceedings. The…
The Bombay High Court is set to decide a Public Interest Litigation PIL challenging the denial of income tax rebate under Section 87A of the Income Tax Act. The case pertains to…
The Appellate Authority for Advance Ruling AAAR ruled that no Goods and Services Tax GST Input Tax Credit ITC can be claimed on services procured by ports for the operation and…
The Income Tax Appellate Tribunal ITAT dismissed an appeal after the taxpayer failed to rectify filing defects despite receiving multiple notices. The case involved the assessee’s…
A CBI court sentenced a Customs Superintendent to two years in prison with a fine of Rs 50,000 for possessing disproportionate assets. The case involved an investigation into the…
The National Company Law Appellate Tribunal NCLAT allowed a resolution applicant, whose earlier plan was rejected by the Committee of Creditors COC , to participate in a freshly…
The ITAT remanded the matter of a disallowed claim on loans written off by Titan International for consideration of additional evidence provided by the assessee. The case involved…
The Income Tax Appellate Tribunal ITAT granted relief to taxpayers in tax appeals by condoning procedural lapses and remanding the cases back to the Commissioner of Income Tax…
The Income Tax Appellate Tribunal ITAT ruled that an agriculturist is not liable for the buyer's non-response to a tax notice. In a case concerning agricultural income, the ITAT…
The Appellate Authority for Advance Ruling AAAR ruled that demo motor vehicles cannot be eligible for GST Input Tax Credit ITC on inward supply for dealerships of Maruti, Bajaj,…
The NCLAT ruled that an appeal under Section 61 of the Insolvency and Bankruptcy Code IBC cannot be filed against an order not covered under Part II of the Code. This…
The Delhi High Court ruled that customs notices, communications, and orders can now be served through email and the common portal, in addition to traditional methods like physical…
In preparation for the Delhi Assembly elections in 2025, the Income Tax Department has launched a 24x7 control room to monitor unaccounted cash and valuables. This initiative is…
The Directorate General of GST Intelligence DGGI has been granted enhanced powers to block online money gaming apps that evade GST. This decision is part of a broader crackdown on…
Ahead of the Union Budget, the Gems and Jewellery Export Promotion Council GJEPC has requested the government to reduce the Goods and Services Tax GST rate on gems and jewellery…
The Gujarat State Goods and Services Tax SGST department uncovered a significant tax evasion case involving coaching institutes in the state. During the raids, a liability of Rs…
The Central Board of Direct Taxes CBDT has notified an exemption for units located in International Financial Services Centres IFSCs from the provisions of Section 206C 1H of the…
The Rajasthan GST department has issued an advisory for biometric Aadhaar verification as part of the GST registration process. This step is aimed at enhancing the verification…
The ITAT demanded verification of tax applicability after a survey revealed undisclosed income by a taxpayer. The case involved an inquiry into the taxpayer’s financials, which…
The Reserve Bank of India RBI has released the draft formats for financial statements of co-operative banks. This is a significant move as it aims to standardize the reporting…
Magenta Mobility reported a 15% increase in losses for FY24, totaling INR 48 crore. The company attributed the widening losses to increased operational costs and investments in…
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