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The State Bank of India SBI has unveiled two new schemes designed to boost deposit mobilization. The first scheme targets high-net-worth individuals HNIs with attractive interest…
The Department for Promotion of Industry and Internal Trade DPIIT has partnered with the Startup Policy Forum to launch a new initiative aimed at strengthening India's global…
Hindustan Unilever is reportedly in talks to acquire The Minimalist, a direct-to-consumer skincare brand, for Rs 3,000 crore. The acquisition would mark a significant move for…
The CESTAT has ruled that Cenvat credit cannot be denied for minor procedural lapses if substantial compliance with the law is met. The case involved a dispute where a company’s…
The Patna High Court has quashed reassessment orders issued by the Income Tax Department after issuing a new Permanent Account Number PAN to an existing taxpayer. The case…
The CESTAT has ruled that the delay in applying for a Duty Exemption Certificate DEC before the Ministry does not invalidate the certificate. In this case, the company was late in…
The CESTAT has remanded a case back to the lower authorities to decide on the payment of service tax due to differences in the balance sheet and service tax returns. In this case,…
The CESTAT has ruled that the Department is empowered to recover customs duties in cases where there is non-compliance with post-importation conditions in exemption notifications.…
The Supreme Court ruled that tribunals have the authority to order the transfer of property back to elderly parents if it was unjustly transferred away from them by their…
The Chhattisgarh High Court ruled on the rights of a minor rape victim regarding abortion, highlighting the importance of bodily autonomy in such cases. The Court allowed the…
The Supreme Court held that High Courts can quash criminal proceedings under Article 226 of the Constitution, in addition to using Section 482 of the CrPC. The case involved the…
The CESTAT Customs, Excise, Service Tax Appellate Tribunal has ruled that demanding tax that has already been paid by the service recipient leads to double taxation. The case…
The National Company Law Appellate Tribunal NCLAT has directed the payment of an additional sum to an Interim Resolution Professional IRP for their service beyond the initial term…
The Income Tax Appellate Tribunal ITAT has ruled that the nature and source of a taxpayer's credit must be satisfactorily explained to avoid additions under Section 68. In this…
The Kerala High Court has ruled that a charitable society focusing on socio-economic welfare matters of ex-servicemen and their families is liable to pay service tax. The case…
The Goods and Services Tax GST Council has proposed a 12-18% GST rate on online popcorn and movie ticket combos. This decision comes after multiple discussions regarding the…
The Supreme Court directed the University Grants Commission UGC to provide data regarding complaints of caste-based discrimination under the Equal Opportunity Cells set up by…
The Delhi High Court ruled that the delay in filing a certified copy of the impugned order does not render an appeal under Section 107 of the CGST Act time-barred if filed…
The CESTAT has ruled in favor of HSBC Electronic in a case involving the exclusion of certain amounts when determining export turnover under GST rules. The tribunal remanded the…
The CESTAT ruled in favor of Berger Paints, dismissing proceedings initiated against the company for wrongly distributing Cenvat credit through the Input Service Distributor ISD…
The Income Tax Department will soon update Income Tax Return ITR forms to incorporate claims for Section 87A tax rebates for the Financial Year FY 2023-24. Section 87A provides a…
The CESTAT ruled that teflon coating mats and fitting accessories were not liable for service tax. The case involved a dispute over whether their installation could be classified…
The Reserve Bank of India RBI has provided an update on the Rs. 2000 note withdrawal. As of now, 98.12% of the Rs. 2000 notes in circulation have been returned. The withdrawal…
The Commercial Taxes Department has introduced biometric face authentication for GST registration. This new feature aims to enhance the security and authenticity of the GST…
The CESTAT has ordered the re-examination of a refund claim for unutilized Cenvat credit, as the rejection was done without proper notice, violating natural justice principles.…
The CESTAT has ruled that the Department is empowered to recover customs duties in cases where there is non-compliance with post-importation conditions in exemption notifications.…
The Kerala High Court has ruled that a charitable society focusing on socio-economic welfare matters of ex-servicemen and their families is liable to pay service tax. The case…
The CESTAT has ruled that the value of material supplied for providing taxable services cannot be included in the value of taxable services under the Goods and Services Tax GST…
The Supreme Court ruled that a hypothecation deed should be classified as a guarantee under Section 58 of the Indian Contract Act, changing its legal nature. This means that the…
The Income Tax Appellate Tribunal ITAT has directed the rehearing of a taxpayer’s appeal dismissed by the CIT A as time-barred, despite an extended deadline. The taxpayer had…
Tata-led Air India is focusing on an ambitious global expansion plan to strengthen its position in the international aviation market. With significant investments in fleet renewal…
Suniel Shetty-backed Klassroom Edutech has raised significant funding to advance its use of AI in the education sector. The platform aims to revolutionize learning with the help…
The Income Tax Department will soon update Income Tax Return ITR forms to incorporate claims for Section 87A tax rebates for the Financial Year FY 2023-24. Section 87A provides a…
The Reserve Bank of India RBI has provided an update on the Rs. 2000 note withdrawal. As of now, 98.12% of the Rs. 2000 notes in circulation have been returned. The withdrawal…
The Ministry of Corporate Affairs MCA has extended the deadline for filing Corporate Social Responsibility CSR reports for the financial year 2023-24 until March 31, 2025. The…
The Supreme Court has criticized advocate Mathews Nedumpara for filing a plea against Delhi High Court’s remarks about judges' offspring being designated advocates. The case deals…
The NCLAT has set the admission of a Section 7 application under the Insolvency and Bankruptcy Code IBC based on the nature of the debt involved. The tribunal concluded that the…
The CESTAT ruled that an AO’s insistence on classifying imports based on the investigating agency’s suggestion is contrary to the principle of self-assessment prescribed under…
The ITAT has quashed a disallowance of interest credit that had already been confirmed as genuine. The case involved a taxpayer whose interest credit was disallowed by the AO due…
The Commercial Taxes Department has introduced biometric face authentication for GST registration. This new feature aims to enhance the security and authenticity of the GST…
The Competition Commission of India CCI has concluded its investigation into the alleged abuse of dominant market position by the Table Tennis Federation of India TTFI . The CCI’s…
The Supreme Court clarified that a complaint under the Criminal Procedure Code CrPC is one that is filed before a Judicial Magistrate, not an Executive Magistrate. This…
In the case of gangster Mukhtar Ansari's death in a Uttar Pradesh jail, the Supreme Court directed the state authorities to provide medical and inquiry reports related to his…
The Supreme Court ruled that under Section 142 of the Negotiable Instruments Act NI Act , it is inappropriate to dismiss or quash a complaint for cheque dishonour solely on the…
The Delhi High Court has directed medical treatment for an HIV-positive transgender woman despite a lack of ID proof. The case highlights the rights of transgender individuals to…
The Madhya Pradesh High Court has upheld the right of a couple to live in a relationship under Article 21 of the Constitution. The case dealt with a couple’s fundamental right to…
The Bombay High Court has been monitoring the investigation into the murder of Govind Pansare. The case, which involves the murder of the prominent activist and his wife, has led…
The Allahabad High Court has ruled on a case involving a husband and wife’s relationship, ownership, and privacy concerning intimate videos. The case examines the issue of privacy…
The Rajasthan High Court has heard a case involving the cancellation of bail for an Air Force personnel accused of suppression of facts. The court was asked to review whether the…
Aye Finance, a fintech company that provides small businesses with affordable credit, has raised INR 110 crore in debt funding ahead of its planned initial public offering IPO .…
The State Bank of India SBI has unveiled two new schemes designed to boost deposit mobilization. The first scheme targets high-net-worth individuals HNIs with attractive interest…
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