News & Judgements

The Supreme Court issued a notice on a plea challenging the appointment of the chairperson of the Bihar Public Service Commission BPSC . The petitioner raised concerns about the…

Justice Abhay S. Oka of the Supreme Court highlighted concerns regarding frivolous complaints, media trials, and frequent adjournments affecting the reliability of the judiciary.…

The Supreme Court questioned former Karnataka CM HD Kumaraswamy’s plea for protection during a past offense. The court pointed out that protection was not available at the time…

The Supreme Court declined to entertain a PIL against the Uttar Pradesh government regarding a stampede during the Mahakumbh Mela. The court allowed the petitioner to approach the…

The Supreme Court directed a forensic report on audio tapes alleging the involvement of Manipur CM Biren Singh in ethnic violence. The tapes contained claims of the Chief…

India’s capital markets have surged, with IPO listings rising and funds tripling in FY25. The Indian stock market is witnessing a record number of initial public offerings IPOs ,…

The Budget proposal includes a marginal relief calculation that aims to provide tax relief to individuals in specific income brackets. The proposal focuses on reducing the tax…

MCA has imposed penalties on company directors for non-filing of annual returns for two consecutive years. The move aims to enforce strict compliance with corporate filing…

ITAT quashes search assessments due to the lack of proper approval under Section 132D. The Tribunal ruled that the assessments made by the tax authorities were invalid as they…

The ITAT directed the TPO to re-evaluate arms-length price for foreign AEs in the trading segment. The case involved the determination of the arms-length price for transactions…

ITAT quashed the reassessment of long-term capital gains LTCG as bogus, citing lack of tangible evidence. The Tribunal ruled that the reassessment made by tax authorities was…

The Budget proposes to include retail schemes and exchange-traded funds ETFs in the relocation regime of funds within the International Financial Services Centre IFSC . This…

ITAT quashed reassessment orders due to lack of material disclosure. The Tribunal ruled that the reassessment order passed by the tax authorities was invalid because it did not…

ITAT ruled that IT support payments are not taxable as fees for technical services under the India-UK Double Taxation Avoidance Agreement DTAA . The case involved the…

ITAT upheld the PCIT's order for failure by AO to verify key issues during reassessment. The Tribunal supported the decision of the Principal Commissioner of Income Tax PCIT in…

ITAT upheld the CIT A 's decision on eligibility for Section 10AA deduction on voluntary transfer pricing adjustments under an APA. The Tribunal upheld the decision of the…

The NPS Vatsalya Scheme introduces new tax deductions under Section 80CCD, benefiting parents with children under 21 years. The scheme allows for additional tax deductions,…

The Supreme Court rejected a PIL against TDS on salaried class income, reinforcing the legality of TDS deductions. The PIL challenged the tax deduction at source TDS provisions…

The Bombay High Court is hearing a tax demand case against Volkswagen VW for importing unassembled car kits. The case involves a dispute over the tax liability associated with the…

The Madras High Court ruled that post-inspection GST registration and tax payment are not voluntary. The case involved a taxpayer disputing the need to register for GST and pay…

The Ministry of Corporate Affairs MCA imposed penalties on a company for failing to comply with borrowing resolution requirements. The company did not follow necessary corporate…

The Income Tax Appellate Tribunal ITAT has issued rulings on the disallowance of interest under the Income Tax Act. The tribunal clarified situations where interest paid on…

The Gujarat High Court ruled that the Directorate General of GST Intelligence DGGI can transfer the adjudication of show-cause notices SCNs related to GST evasion. The case…

The ITAT directed the Transfer Pricing Officer TPO to reassess intra-group service payments and arms-length pricing due to insufficient evidence. The tribunal found that the TPO’s…

Section 80CCA amendments provide tax relief on National Savings Scheme NSS withdrawals starting from August 29, 2024. The amendment ensures that investors withdrawing funds from…

The ITAT dismissed a revenue appeal due to the tax effect being below the threshold limit set by the Central Board of Direct Taxes CBDT . The case involved the revenue department…

The MCA imposed penalties for the failure to constitute an audit remuneration committee despite a breach in loan-related provisions. The company’s non-compliance with corporate…

The Budget 2025 proposes the removal of obsolete GST provisions on gift vouchers. The proposal aims to simplify the tax treatment of gift vouchers by eliminating outdated…

The Delhi High Court ruled that the person benefiting from house property income, not just the registered owner, should pay income tax on it. The case clarified that individuals…

The ITAT dismissed an appeal for lack of sufficient cause in filing the appeal. The taxpayer failed to provide adequate reasoning for missing the filing deadline, and the tribunal…

The MCA imposed penalties on a company and its directors for omitting the web address from the annual report. The omission of important details, such as the company's web address,…

The Telangana RERA penalized a builder for unilaterally canceling a homebuyer’s allotment, holding the real estate agent liable. The builder had canceled the allotment without due…

The Delhi RERA remanded a case to reconsider whether a homebuyer who booked a flat under a buy-back scheme is an allottee. The case centered on a homebuyer’s right to be…

The ITAT ruled that cash deposits made during the demonetization period cannot be added to taxable income under the Income Tax Act. The tribunal found that there was no sufficient…

The Karnataka High Court ruled that criminal proceedings can be initiated against an assessee for not filing income tax returns. The case involved an assessee who failed to file…

The CESTAT ordered a refund with interest despite the lack of a statutory provision for such a refund. The case involved a taxpayer who had requested a refund of excess tax paid,…

The Delhi High Court ruled that fees paid by law firm Remfry & Sagar to use the name and goodwill of its founder is a business expense deductible under Section 37 of the Income…

The Delhi High Court directed the Customs, GST, and DRI departments to create standard operating procedures SOPs for properly instructing counsel on advance service matters. The…

The Delhi Court has directed the India Today Group to remove defamatory videos related to Congress leader Nadeem Javed. The videos were allegedly spreading false and defamatory…

The Supreme Court ruled on the defection of BRS MLAs to Congress in Telangana. The court emphasized that there should be a reasonable period to decide on disqualification pleas…

The Supreme Court ruled on the necessity of the Teachers’ Eligibility Test TET for teachers in minority institutions under the Right to Education RTE Act. The case revolved around…

The Ministry of Corporate Affairs MCA has introduced penalties for company directors for non-filing of the MGT report. The penalty provisions aim to enforce compliance with…

Amendments to Section 17 propose higher income limits for perquisite exemptions starting in 2026. These amendments are designed to offer more tax relief to salaried individuals by…

ICAI is leading initiatives to establish India as a global hub for accountancy by 2030. The Institute of Chartered Accountants of India ICAI aims to drive growth by upskilling…

The Budget 2025-26 proposes amendments to GST laws aimed at boosting trade facilitation, making the system more efficient. Key proposed changes include simplifying compliance…

GST collections surged by 12.3% in January 2025, marking a robust performance driven by strong domestic growth. This growth highlights the effectiveness of the government’s…

Property tax relief and simplified annual value rules for homeowners will be implemented starting in 2025. These reforms aim to ease the tax burden on property owners by…

The Karnataka High Court dealt with the appointment of a Court Commissioner in cases involving intellectual property rights IPR . The court ruled that the role of a Court…

The Allahabad High Court recently granted bail to a man after he prayed for unity in his family, especially for the well-being of his wife and minor children. The court…

The Telangana High Court addressed the rights of an accused in a criminal case to be represented by a lawyer. The court emphasized the importance of legal representation for an…