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The Delhi High Court directed the Delhi government to take prompt steps to fill the vacant non-official positions in the Delhi Mental Health Authority DMHA . The case was brought…
DroneAcharya, a leading drone services company, partnered with Canada’s Volatus Aerospace to manufacture drones in India. The collaboration aims to enhance India’s drone…
In its recent board meeting, SEBI has decided to establish a performance validation agency, Parrva, to enhance the credibility of financial products and services. Additionally,…
The Gujarat High Court examined the implementation of the Employees' State Insurance ESI scheme in the state. The Public Interest Litigation PIL was filed regarding the state…
The Kerala High Court addressed the issue of delimitation of panchayat and municipal wards, stating that any changes to the boundaries should be in line with legal guidelines. The…
The Finance Ministry has announced a tax exemption for Gukesh, a prominent Indian chess grandmaster. His earnings from chess tournaments will not be taxed, marking a significant…
The Madhya Pradesh High Court has initiated a suo-motu PIL Public Interest Litigation to examine the steps taken by central and state governments regarding the implementation of…
The Income Tax Appellate Tribunal ITAT has ruled that interest under section 234A of the Income Tax Act is applicable from the due date of filing the tax return until the full…
Disallowance of Rs 31.38 Lakh u/s 37 of Income Tax Act: ITAT Restores Matter to AO The ITAT has restored the matter of disallowance of Rs 31.38 lakh under Section 37 of the Income…
The Bombay High Court ruled that a system-generated provisional acknowledgment of appeal on the GST portal serves as proof of pre-deposit payment. The case clarified that the…
The ITAT granted an opportunity for hearing to a taxpayer who had failed to comply with tax proceedings due to the ill health of a family member. The case highlights the…
The Maharashtra government has waived off Rs. 27,000 crore worth of GST interest and penalties under an amnesty scheme. This move is aimed at helping businesses clear their…
The Finance Ministry has announced that no income tax will be deducted on payments received by the Credit Guarantee Fund Trust for Micro and Small Enterprises CGTMSE . This…
Sri Lanka has entered into an agreement with the International Monetary Fund IMF for tax relief measures aimed at stabilizing the nation’s economy. The agreement includes…
The ITAT has granted relief to a cooperative society by waiving a Rs. 1 crore penalty imposed under Section 271E for cash loan repayments. The case involved a cooperative society…
The National Company Law Appellate Tribunal NCLAT ruled that the pendency of proceedings before the NCLT does not bar financial creditors from filing petitions under Section 7 of…
Karnataka's Revenue Minister reported that the state had collected Rs. 15,000 crore in additional taxes from stamp registration during the current fiscal year. This collection…
The Allahabad High Court denied bail for an individual accused of duping people by impersonating as someone close to Prime Minister Narendra Modi. The accused allegedly misled…
The Supreme Court pulled up the Punjab authorities over their handling of a farmer's protest involving Jagjit Dallewal, citing concerns over the health situation of the…
Direct tax revenue collection in India has seen a significant surge, with a 20% increase in collections compared to the previous year. This includes a substantial growth in…
The GSTN has issued an advisory following the integration of the Electronic Way Bill EWB and Freight Forwarders' Integrated System FOIS . The advisory pertains to the entry of RR…
In the 55th GST Council meeting, discussions focused on potential GST relief on food delivery charges, a move that could benefit consumers and the food service industry. The…
Finance Minister Nirmala Sitharaman addressed concerns about India’s Q2 GDP slowdown, describing it as a "temporary blip" in the broader economic recovery. Despite a slowdown in…
The Supreme Court clarified the excise classification of pure coconut oil, ruling that coconut oil in sachets is considered an edible oil and not a hair oil. This distinction is…
The Delhi High Court quashed the arrest of a company director accused of ITC fraud, citing discrepancies in the procedures followed by the GST department. The case involved…
The Income Tax Appellate Tribunal ITAT criticized the Principal Commissioner of Income Tax PCIT for disallowing Rs. 4.18 crore interest on unutilized government grants without…
The GST authorities have announced that the implementation of the Multi-Factor Authentication MFA system will be mandatory for taxpayers with an annual turnover exceeding Rs. 20…
The ITAT ruled that notices for appeal sent to incorrect email addresses should be rectified, reinstating the matter to the Commissioner of Income Tax Appeals CIT A . The decision…
The ITAT remanded a case involving cattle feed deposits of Rs. 1.89 lakh due to a lack of awareness among agriculturists regarding tax proceedings. The case involved small-scale…
The ITAT ruled that tax exemptions claimed under the Vivad se Vishwas Scheme cannot be re-agitated under section 263 of the Income Tax Act without presenting new facts. The case…
The Enforcement Directorate ED has handed over Rs. 22,000 crore worth of properties attached under the Prevention of Money Laundering Act PMLA to legitimate claimants. These…
The Enforcement Directorate ED conducted raids at 21 locations related to a betting app operated by Pakistani nationals, under the Prevention of Money Laundering Act PMLA . The…
Karnataka has emerged as a leader in attracting foreign investments and GST collections, according to the mid-year review of state finances. The state ranks third in foreign…
Magicwin, involved in illegal T20 cricket broadcasts, faced a setback as the Enforcement Directorate ED seized assets worth Rs. 3.55 crore. The ED's action is part of a broader…
The Kerala High Court ruled that properties unconnected to the proceeds of crime cannot be attached under the Prevention of Money Laundering Act PMLA . This decision addresses the…
The GST Council may reverse the Supreme Court’s verdict in the Safari Retreats case, which had favorable outcomes for the real estate sector. The potential reversal could have a…
The CBI arrested two IRS officers involved in a bribery scandal at SEEPZ, but the court released them due to illegal detention. The officers were accused of accepting bribes from…
The Excise Department disallowed credit distribution to the exempted goods manufacturing unit of Voltas Ltd. The issue arose over the eligibility of input tax credit ITC claimed…
The CESTAT held that delays in inquiries due to officer transfers are unacceptable, as it is the responsibility of the licensing authority to ensure that timelines are adhered to.…
The Madras High Court ruled that concealment of proceeds from crime constitutes an offense under the Prevention of Money Laundering Act PMLA . In this case, the accused were…
Donald Trump criticized India’s high tariff rate on U.S. products, claiming that the duties were detrimental to trade relations between the two countries. He argued that India’s…
The Rajasthan High Court ruled on an application for the rejection of an inter-caste couple's application under the Savita Ben Ambedkar Marriage Scheme, which provides financial…
The Patna High Court ruled on a case concerning homicidal death evidence, emphasizing the importance of medical and expert evidence in criminal investigations. The Court clarified…
GSTN Issues Advisory on Updates to E-way Bill and E-Invoice Systems The GST Network GSTN issued an advisory detailing updates to the E-way bill and E-invoice systems. These…
GST Exemption Clarification for Payment Gateways and Aggregators Expected Soon The government is expected to soon release a clarification regarding the GST exemption status for…
Income Tax Department Conducts Searches at Insecticides India Ltd Premises The Income Tax Department conducted searches at the premises of Insecticides India Ltd. as part of an…
Kerala Govt Notifies GST Payment Timeline and Rates under Finance Act 2024 The Kerala government has issued a notification regarding GST payment timelines and applicable rates…
Vivad Se Vishwas Scheme 2024: New FAQs Released on Eligibility and Tax Payment Rules The government has released updated FAQs for the Vivad Se Vishwas Scheme 2024, offering…
MCA Registers Over 1.12 Lakh Companies in FY 2024-25 The Ministry of Corporate Affairs MCA has registered over 1.12 lakh companies during the financial year 2024-25. This marks a…
Interest u/s 234C to Be Calculated on Tax Due as per Returned Income: ITAT The ITAT ruled that interest under Section 234C of the Income Tax Act should be calculated based on the…
The Delhi High Court directed the Delhi government to take prompt steps to fill the vacant non-official positions in the Delhi Mental Health Authority DMHA . The case was brought…
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