India’s foreign exchange reserves have declined for the third consecutive month, marking a 12th slump in the past 13 weeks. The decline in reserves is attributed to several…
05/01/20251 min read
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India’s foreign exchange reserves have declined for the third consecutive month, marking a 12th slump in the past 13 weeks. The decline in reserves is attributed to several…
The Mahareat Society, which owns the land on which its establishment is situated, authorized a developer for the redevelopment of the property. The case centered on whether the…
The Haryana Real Estate Regulatory Authority RERA directed Ocean Seven Buildtech to pay interest to seven homebuyers due to delayed possession of their properties. The developer…
The Baramulla District Consumer Commission ruled that Religare Broking Ltd was liable for not closing an inactive demat account as per the consumer's request. The complainant…
The Baramulla District Consumer Commission held a supplier liable for delivering substandard materials to a construction project. The complainant alleged that the materials…
The Delhi State Consumer Disputes Redressal Commission held FIITJEE an educational institute liable for retaining the entire course fee collected in advance. The case involved…
The Income Tax Appellate Tribunal ITAT directed the reconsideration of a Long-Term Capital Gains LTCG claim, taking into account new evidence, including cheque transactions. The…
The Income Tax Appellate Tribunal ITAT provided partial relief to an assessee, sustaining the disallowance of household expenses but partly overturning the addition of interest…
The Income Tax Appellate Tribunal ITAT remanded a case to the Assessing Officer AO for reconsideration of an unexplained investment addition. The case involved an ex-parte…
The 55th GST Council meeting introduced important amendments to the provisions concerning credit notes under GST. These changes aim to streamline the process of issuing and…
In a case involving the undervaluation of LG TV panels, CESTAT remanded the matter back to the customs authorities to verify the import data in the Bill of Entry BOE . The customs…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT upheld the duty valuation under Rule 10A of the Customs Valuation Rules, rejecting a vehicle manufacturer's appeal…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that tyres imported without Bureau of Indian Standards BIS markings are liable for confiscation under the…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has set aside a penalty imposed on a shipping agent for violating export procedures under the Customs Act. The…
The department had denied the exemption of Cenvat credit for goods used in exempted products, resulting in a dispute over wrongful credit claims. However, the Customs, Excise, and…
The CBDT has also granted income tax exemption to the Karnataka State Horticulture Development Agency KSHDA under Section 10 46 of the Income Tax Act. The exemption will cover…
The Central Board of Direct Taxes CBDT has granted income tax exemption to the Commissioners of Rabindra Setu, Kolkata, under Section 10 46 of the Income Tax Act. This exemption…
The Directorate General of Foreign Trade DGFT has permitted the export of Minimum Support Price MTS wheat to Nepal through the Nepal-India Trade Logistics NCEL route. This…
In the copyright suit concerning Kareena Kapoor's talk show, the Delhi High Court granted interim relief in favor of Mirchi, the music company, preventing the broadcast of the…
OfBusiness, the B2B tech-enabled platform, plans to invest INR 3,000 crore in the next three years to ramp up its steel business. The company’s expansion plans include investing…
The Haryana government is committed to establishing a dedicated startup hub in the state, according to state minister Saini. The proposed hub will provide resources, mentorship,…
Reliance Retail has reportedly written off its $200 million investment in Dunzo, citing the latter’s financial struggles. Dunzo, an on-demand delivery service, has been facing…
The Department for Promotion of Industry and Internal Trade DPIIT has partnered with Stride Ventures to support Indian startups. This collaboration aims to provide financial and…
OYO has successfully raised $65 million from Ritesh Agarwal’s RedSprig Innovation, aiming to fuel its growth and innovation. The funds are expected to be directed towards…
Prime Minister Narendra Modi affirmed India’s commitment to becoming a global leader in artificial intelligence AI after a meeting with AI expert Vishal Sikka. The discussions…
Zepto, the quick-commerce startup, is reportedly gearing up to file its IPO draft papers in March or April. The company, which has seen rapid growth in the hyperlocal grocery…
The Income Tax Appellate Tribunal has granted relief to PB Fintech, reducing its tax liability by INR 166 crore. The tribunal’s decision was based on the company’s argument that…
BharatPe's parent company is reportedly exploring the sale of its stake in Unity SFB, which could be part of a larger strategy to restructure or raise capital for further…
A Bengaluru court granted interim bail to Nikita Singhania, the wife of Atul Subhash, in a case related to an alleged financial dispute. Nikita was accused of her involvement in…
The Calcutta High Court ruled that the prior option to work as a para-teacher should not act as a deterrent to seeking better service benefits, such as a position as Samprasarak.…
The Chhattisgarh High Court declined to review a judgment concerning illegal termination during probation. The case involved a probationary employee whose termination was…
The Patna High Court revoked the termination of an Anganwadi supervisor’s services after finding that the proper procedure had not been followed. The Court ruled that termination…
The Kerala High Court ruled on a matter involving the Tribunal Ombudsman and a dispute concerning the School Kalotsavam event. The ruling addresses procedural issues related to…
The Bombay High Court ruled that a single incident of following a person cannot be categorized as stalking under Section 354D of the Indian Penal Code. The Court clarified that…
The Karnataka High Court ruled that a person’s right to appeal under the Maintenance and Welfare of Parents and Senior Citizens Act remains intact, even if they have previously…
The Delhi High Court has ruled that a co-accused is entitled to file a separate application for the compounding of offences under the Income Tax Act, even if the offence was…
The Rajasthan High Court ruled that if a magistrate disagrees with a police report, they can independently address protest petitions filed by the complainant. The decision…
The Bombay High Court recently closed a case involving actress Shweta Tiwari in a forgery matter, after concluding that the allegations were not substantiated. The case, which had…
The Supreme Court ruled that a state cannot deny retiral benefits based on its failure to regularize an employee in accordance with a judicial order. The Court emphasized that the…
The Supreme Court held that a chargesheet cannot be based merely on bald assertions of connivance. The Court emphasized that any charges must be substantiated with adequate…
In a recent ruling, the Supreme Court clarified the use of tax returns for calculating monthly income in motor accident compensation cases. The Court stated that tax returns,…
The Supreme Court ruled that the dismissal of an earlier petition under Section 482 of the CrPC does not prevent the filing of a subsequent petition if the law has changed. In…
The Supreme Court clarified the scope of Section 354 of the Indian Penal Code, particularly relating to criminal force and the intent to outrage a woman's modesty. The Court…
The Supreme Court of India has clarified the starting point for the 30-day objection period under Section 34 of the Arbitration and Conciliation Act. The Court held that the…
The Gujarat High Court has ruled that the jurisdiction of courts under Section 34 of the Arbitration and Conciliation Act concerning challenges against awards made under Section…
The NCLAT held that a resolution applicant whose plan was rejected by the Committee of Creditors COC can still participate in a fresh invitation for Expressions of Interest EOI .…
The NCLAT ruled that a last payment made by a corporate debtor within the limitation period amounts to an acknowledgment under Section 19 of the Limitation Act. This case dealt…
The NCLAT ordered the revival of a company petition, noting that the appellant had been deprived of judicial remedies, thus violating their fundamental rights under Article 21 of…
The Supreme Court set aside the High Court’s order that had interdicted the Corporate Insolvency Resolution Process CIRP . The case involved a challenge to the initiation of CIRP,…
The NCLAT ruled that a Resolution Professional RP is not at fault for rejecting belated and contingent claims during the insolvency resolution process. The case involved the RP…
India’s foreign exchange reserves have declined for the third consecutive month, marking a 12th slump in the past 13 weeks. The decline in reserves is attributed to several…
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