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Four individuals were arrested in Gujarat in connection with a fraud case involving CRED, an Indian fintech company. The alleged fraud, amounting to INR 12 crore, involved the…
The Income Tax Appellate Tribunal ITAT ruled that no additions can be made to a taxpayer’s income without the presence of incriminating evidence. In a case, the ITAT emphasized…
Technology plays a vital role in improving tax compliance in India. The Indian tax system has increasingly integrated technology to simplify compliance procedures and increase…
In a ruling by CESTAT, alcohol seminars were not classified as convention services, and consequently, no service tax was applicable on delegation fees. The decision clarified that…
The CESTAT ruled that club or association services do not constitute a commercial concern for service tax purposes. The ruling clarified that services provided by clubs or…
A detailed explanation of filing rectification applications under Section 154 of the Income Tax Act has been provided. The section allows taxpayers to request corrections to…
Tata Steel’s takeover of Bhushan Steel has been clarified by the Customs, Excise, and Service Tax Appellate Tribunal CESTAT , which ruled that the appeals are abated once the…
The government is contemplating changes to GST rates, along with proposed revisions to the Direct Tax Code. These proposed changes could have significant implications for…
The Income Tax Department has introduced a new facility for direct filing of rectification applications under Section 154 of the Income Tax Act, 1961. Taxpayers can now file such…
The deadline for the Amnesty Scheme 2024, which helps taxpayers resolve pre-GST tax arrears, is set to end on December 31, 2024. This scheme is a key initiative by the government…
GSTN has issued an advisory on the waiver scheme under Section 128A of the CGST Act, 2017. This scheme is available for taxpayers who have failed to file GST returns for earlier…
The Delhi High Court ruled that the phrase "where it is possible to do so" in Section 734B of the Finance Act does not provide a specific timeline for determining service tax…
Pristyn Care, a leading healthcare startup, reported a 33% growth in its revenue, reaching Rs. 601 crore in FY24. The growth is attributed to the company's expanding network of…
The Kerala High Court addressed the rehabilitation process at Harrisons Malayalam Elstone Tea Estates in Wayanad. The case involved allegations of improper compensation and…
Shiprocket, an Indian logistics startup, plans to raise INR 219 crore from KDT Ventures and other investors. The funds will be used for expansion and strengthening its operations…
The Supreme Court expressed strong displeasure over Punjab’s failure to provide medical aid to Jagjit Dallewal, a Sikh prisoner suffering from a serious health condition. The…
The Delhi High Court ruled that it was not essential to arrest a person ordered to provide a specimen signature. The case involved an individual who had been asked to submit a…
The Bombay High Court notified new video conferencing rules for virtual court hearings, streamlining the process for lawyers and litigants. The rules set clear guidelines for…
The Andhra Pradesh High Court upheld the termination of conductors employed by APSRTC for misappropriation, stating that leniency in such cases would be against public interest.…
The Himachal Pradesh High Court ruled that multiple claims for compensation under the Employees Compensation Act for the same accident are not maintainable. The case involved a…
The Allahabad High Court denied government servant status to a special sugar fund employee, ruling that the employee’s appointment did not comply with the service rules. The case…
Indian startups raised $26 million in the week from December 23 to 28, 2024. Notable investments included funding for Univest and Mindgrove. The investments come amidst a growing…
The Bombay High Court struck down a discriminatory pension scheme implemented by MOIL Ltd., ruling that the distinction between resignation and superannuation was arbitrary and…
The Gujarat High Court examined allegations against a judicial officer in a land dispute case. The complainants had accused the officer of misconduct and bias in handling the…
The Gauhati High Court addressed disciplinary notices against a law student from Tezpur Law College. The student had been accused of misconduct, and the Court reviewed the…
ixigo, an Indian travel-tech company, has allotted over 4.6 lakh equity shares under its Employee Stock Option Schemes ESOPs . The move is designed to retain key talent and align…
The Madhya Pradesh High Court ruled on the issue of nominee status and compassionate appointment claims. The case concerned the family of a deceased government employee who sought…
The Madhya Pradesh High Court ruled on the Harda factory blast case, ordering the state government to provide compensation to the victims' families. The blast had caused numerous…
The Delhi High Court discussed the principle of equality in punishments across different forces operating under the same administrative framework. The case involved a comparison…
The Gauhati High Court took cognizance of the poor condition of jails in the northeastern states. The Court, while hearing a public interest litigation, directed authorities to…
The Rajasthan High Court imposed costs on a petitioner for filing repetitive petitions. The case involved a petitioner who had repeatedly filed the same petition without any…
The Karnataka High Court quashed a 44-year-old murder case, citing severe delays in the trial. The case involved allegations of murder that occurred in the 1970s, but the trial…
The National Company Law Tribunal NCLT has initiated insolvency proceedings against Hero Electric, citing pending vendor dues. The company owes a significant amount to its…
Reliance Jio, India’s largest telecom operator, has opposed the government’s move to regulate Over-The-Top OTT content services. Jio argued that such regulation would create an…
IndiQube, a flexible office space provider, filed its Draft Red Herring Prospectus DRHP ahead of its Initial Public Offering IPO . The company plans to raise funds for expansion…
Bengaluru police uncovered a fraud worth Rs. 12 crore targeting Cred, a leading fintech platform. The fraudsters were found to have used fake accounts and misappropriated funds by…
The ITAT ruled that non-compliance due to a short notice period of seven days for issuing penalties was not intentional, and thus, the penalties for six years were deleted.…
The Delhi Department of Trade and Taxes has appointed R.K. Ahuja to conduct an internal review to assess the performance of GST practitioners in Delhi. This initiative is part of…
The ITAT ruled that income tax proceedings cannot be initiated solely based on borrowed satisfaction. The case involved a situation where tax proceedings were initiated based on…
The CESTAT rejected a Chartered Accountant CA certificate as valid evidence to reduce the service tax liability during an audit. The case involved a company that had admitted to a…
The Allahabad High Court quashed an order by the First Appellate Authority FAA under GST, which erroneously recorded that the assessee failed to respond to notices or request…
The Delhi Department of Trade and Taxes has issued a transfer order against GST officers within the Delhi NCT. This move is part of an internal review process to improve…
The CESTAT ruled that no service tax is applicable on free supply of materials to the Central Industrial Security Force CISF . The case concerned a company that had provided…
The CESTAT ruled that advertising and marketing services, as well as banking and financial services, are admissible for CENVAT credit. The case involved a company that had used…
The Patna High Court ruled that customs officers acting on secret information must ensure proper documentation and minimal reasons for seizure when executing a panchnama or…
The CESTAT held that Mifex oral suspension, Sancal Vert, and Forete are classified under the HS Code related to products of a kind used in animal feeding. These items are…
The ITAT upheld the order granting a deduction under Section 80P 2 d of the Income Tax Act for interest income earned by a cooperative bank. The case involved a cooperative bank…
The Finance Ministry has continued the anti-dumping duties on digital offset printing plates from China, Japan, Korea, and other countries. This move is part of India's efforts to…
The ITAT ruled that the Principal Commissioner of Income Tax PCIT cannot substitute the views of the Assessing Officer AO in Section 263 proceedings unless the AO’s decision is…
The CESTAT has ruled that CENVAT credit can be claimed on duty paid diesel used for generating electricity through a DG set. The case involved Vodafone Idea Ltd, which claimed…
Four individuals were arrested in Gujarat in connection with a fraud case involving CRED, an Indian fintech company. The alleged fraud, amounting to INR 12 crore, involved the…
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