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India is poised to increase its clean energy investments significantly, with a target to double its funding by 2025. This growth is part of India’s commitment to achieving…
The Kerala High Court ruled that Madhyamam, a media outlet, had violated the privacy of KPSC applicants by leaking personal information. The case involved allegations that the…
The Telangana High Court ruled on the matter of a financial creditor seeking a one-time settlement after the initiation of the Corporate Insolvency Resolution Process CIRP . The…
The Supreme Court is set to hear a plea filed by Asaduddin Owaisi concerning the implementation of the Places of Worship Act, 1991. The petition challenges the application of the…
The Supreme Court was informed that Jagjit Singh Dallewal may agree to medical aid if the Centre is open to discussions. Dallewal, a farmer leader involved in ongoing protests,…
MLA Uma Thomas, involved in a road accident case, moved the Kerala High Court seeking anticipatory bail. The case pertains to charges against Thomas, who allegedly caused the…
A homebuyers' body in India has called for the implementation of targeted guidelines to counter misleading advertisements by real estate developers. The body has expressed…
Treebo Hotels, the budget hotel chain, has crossed ₹100 crore in revenue for FY24 but has also seen its losses escalate to ₹488 crore. The company's mounting losses are attributed…
The Rajasthan High Court addressed the issue of whether a second complaint can be filed in a cheque dishonor case under Section 138 of the Negotiable Instruments Act. The Court…
The Allahabad High Court ruled that associate professors at a technology institute are not considered experts under the Information Technology Act for handling electronic…
The Kerala High Court ruled that the longevity of service cannot be the sole reason for claiming regularization of service. The case involved an employee seeking regularization…
NumberOne Academy, an educational startup focused on training students for competitive exams, has successfully raised ₹3 crore in funding from business coach Santosh Nair. The…
The National Payments Corporation of India NPCI has extended the deadline for a 30% market cap on UPI Unified Payments Interface apps until 2026. The cap, initially set to be…
EaseMyTrip cofounder Nishant Pitti has sold a 1.4% stake in the company through a block deal for ₹85 crore. The transaction follows a sustained sell-off by other stakeholders,…
The Karnataka High Court stayed an arrest warrant against cricketer Robin Uthappa, who is accused of involvement in a provident fund PF fraud case. Uthappa sought relief from…
The Competition Commission of India CCI quashed the abuse of dominance complaint filed against Astrotalk by InstaAstros. The complaint alleged that Astrotalk, a leading astrology…
The Telangana High Court ruled that a sole financial creditor can make a request for a one-time settlement after the Corporate Insolvency Resolution Process CIRP has begun. The…
The DGFT has imposed a Minimum Export Price MEP on the export of natural honey to protect domestic producers and stabilize the market. The move aims to prevent the export of honey…
The Andhra Pradesh High Court ruled on the procedural violation regarding Form GST MOV-07 under Section 129 3 of the GST Act. The Court stated that a seven-day period should be…
Power Grid Corporation of India has acquired Rajasthan IV-4A Power Transmission Ltd for ₹18.37 crore as part of its expansion strategy in the transmission sector. The acquisition…
NABFID, the National Bank for Financing Infrastructure and Development, has invested ₹745 crore in the long-term bonds issued by NDR InvIT Infrastructure Investment Trust . This…
The Reserve Bank of India RBI is likely to fine-tune its intervention strategies in the foreign exchange market by slowing down its dollar sales. This move is aimed at maintaining…
Pristyn Care, a healthcare startup, is reportedly in talks to raise $100 million in funding. The company is looking to expand its operations and improve its healthcare offerings,…
The Reserve Bank of India RBI has lifted the restrictions on Mumbai-based Sangli Sahakari Bank after 2.5 years, following improvements in its financial health. The cooperative…
The Finance Ministry has changed the location of the Madurai Debts Recovery Tribunal DRT from Uthangudi to Tallakulam. The decision aims to improve access to the tribunal for…
The CBIC has revised Basic Customs Duty BCD and Additional Customs Duty AIDC rates for various tariff items, including luxury oils and vegetables, in a move aimed at rationalizing…
The Directorate General of Foreign Trade DGFT has introduced a Minimum Import Price MIP on soda ash under ITC Chapter 28 to curb cheap imports that could harm domestic industries.…
An editorial in Business Standard discusses the ongoing liquidity challenges faced by India's banking sector. Despite recent measures by the RBI, such as a CRR cut, banks continue…
Bajaj Broking has identified five stocks for long-term investment in 2025, including Hudco, Prestige Estates, and others. These stocks were selected based on their strong…
The banking system in India is facing a severe liquidity deficit, crossing ₹2 trillion, despite the Reserve Bank of India RBI reducing the Cash Reserve Ratio CRR to ease liquidity…
The ITAT has ruled that a CIT Commissioner of Income Tax cannot direct reopening of an assessment beyond the time limit prescribed under the Income Tax Act, even if the CIT…
The ITAT has quashed tax reassessment orders due to a lack of specific evidence linking search operations and documents to the taxpayer’s income. In the case, the assessing…
The CBDT has extended the deadline for furnishing belated or revised Income Tax Returns ITR for Assessment Year AY 2024-25 to January 15, 2025. This extension provides taxpayers…
Trade bodies and tax professionals have called for comprehensive GST reforms in the Union Budget 2025 to simplify compliance and ensure smooth operations for businesses. Key…
The Indian government plans to focus on simplifying tax policies in 2025, with an emphasis on reducing complexity and increasing transparency. This initiative aligns with ongoing…
The ITAT confirmed the addition of ₹1 lakh to the taxpayer’s income under Long-Term Capital Gains LTCG , rejecting claims for enhanced acquisition cost due to the absence of…
The ITAT clarified the application of Section 14A of the Income Tax Act concerning disallowance of expenses related to exempt income. In a recent ruling, the Tribunal held that…
The ITAT upheld the reopening of an assessment for unexplained investment in property, ruling that the assessing officer had sufficient reason to believe that the taxpayer’s…
The ITAT has directed the granting of basic deductions under Section 80P 2 c to a co-operative society, despite earlier disallowance. The case involved the denial of deductions on…
The ITAT has referred a case involving an addition of ₹15 lakh under Section 69A for unexplained loans back to the Assessing Officer AO . The case pertains to the taxpayer’s…
The CBDT has extended the deadline for calculating tax payable under the Vivad Se Vishwas Scheme, 2024, to January 31, 2025. This scheme provides taxpayers with an opportunity to…
The GST registration process in Haryana, Manipur, Meghalaya, and Tripura has been updated, now requiring biometric Aadhaar authentication for applicants. This change aims to…
The ITAT ruled that cash deposits in a taxpayer’s account could not be treated as agricultural income under Section 68, as the evidence presented did not support the claim. The…
The Directorate General of Foreign Trade DGFT has imposed a Minimum Import Price MIP on soda ash under ITC Chapter 28 to curb cheap imports that may affect domestic industries.…
The CBIC has revised Basic Customs Duty BCD and Additional Customs Duty AIDC rates for various tariff items, including luxury oils and vegetables, as part of ongoing efforts to…
The Income Tax Appellate Tribunal ITAT remanded a case where the Assessing Officer AO added ₹8,949,138 under Section 69A as unexplained money. The taxpayer had submitted a…
The ITAT ruled that cash deposits in a taxpayer’s account could not be classified as agricultural income under Section 68, as there was insufficient evidence to support the claim.…
The Directorate General of Foreign Trade DGFT has introduced a Minimum Import Price MIP on soda ash under ITC Chapter 28 to curb cheap imports that could harm domestic industries.…
The CBIC has revised Basic Customs Duty BCD and Additional Customs Duty AIDC rates for various tariff items, including luxury oils and vegetables, in a move aimed at rationalizing…
The Finance Ministry has changed the location of the Madurai Debts Recovery Tribunal DRT from Uthangudi to Tallakulam. The decision aims to improve access to the tribunal for…
India is poised to increase its clean energy investments significantly, with a target to double its funding by 2025. This growth is part of India’s commitment to achieving…
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