The ITAT has remanded a case back to the assessing officer AO regarding the disallowance of depreciation claims due to an error. The case involved a taxpayer who had claimed…
16/12/20241 min read
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The ITAT has remanded a case back to the assessing officer AO regarding the disallowance of depreciation claims due to an error. The case involved a taxpayer who had claimed…
The Income Tax Appellate Tribunal ITAT deleted a penalty of ₹5.28 lakh imposed on a taxpayer for underreporting income under Section 270A of the Income Tax Act. The tribunal ruled…
The Supreme Court has deferred a special leave petition SLP involving an alleged ₹38,000 crore tax evasion case, asking the revenue department to file a supplementary affidavit.…
The Income Tax Appellate Tribunal ITAT ruled that procedural delays in filing Form 67 for claiming foreign tax credits should not be grounds for denying the credit. The case…
The Allahabad High Court ruled that GST orders should be made visible in a designated tab for better access and clarity. This ruling came after the court quashed an order…
Switzerland plans to suspend the Most-Favored-Nation MFN clause under the Double Taxation Avoidance Agreement DTAA with India. This move comes in response to India's tax policies,…
The CGST Department has uncovered ₹4 crore worth of GST evasion through a raid conducted on Gala Developers, a prominent real estate company. The company allegedly evaded tax by…
The Comptroller and Auditor General CAG report highlights a GST revenue loss of ₹755.49 crore in the Commercial Tax Department of India. The report points out gaps in revenue…
The Income Tax Department has issued notices to Indian residents regarding undeclared foreign assets, specifically foreign ESOPs Employee Stock Ownership Plans and investments.…
The GST Registration Advisory in Chhattisgarh, Goa, and Mizoram mandates biometric Aadhaar authentication and document verification for obtaining GST registration. This process is…
The Madhya Pradesh High Court stated that filing affidavits or self-serving documents alone is not enough to establish an employer-employee relationship. In the case of a labor…
Ullu, a popular OTT platform, reported stagnation in revenue at ₹100 crore for FY24, with profits declining by 16%. Despite a large user base, the platform struggled to generate…
The GST Council is considering a proposal to raise the Goods and Services Tax GST on used electric vehicles EVs to 18%, a significant increase from the current tax rate. The move…
HostBooks, an accounting startup, has raised $5 million to enhance its artificial intelligence AI product suite. The funding will enable HostBooks to expand its AI-driven…
DroneAcharya, a company specializing in drone-based services, saw its shares soar by 12.88% on the stock market due to its push for expansion in the Middle East. The company is…
IdeaForge, an Indian drone technology company, has allotted INR 26.5 lakh worth of equity shares to its employees as part of an employee stock option plan ESOP . This move is part…
Transactions on the Open Network for Digital Commerce ONDC have seen a significant rise, with a threefold increase since December of the previous year. The CEO of ONDC reported…
The Jammu and Kashmir High Court ruled that the Domestic Violence DV Act applies not only to current domestic relationships but also to past relationships. The Court stated that…
The Supreme Court of India addressed the issue of a non-scheduled offence under the National Investigation Agency NIA probe. The case revolved around the NIA’s jurisdiction to…
The Supreme Court imposed ₹5 lakh in costs on Hyundai’s subsidiary for abuse of law in a case involving unfair practices. The company had been accused of taking frivolous legal…
The Bombay High Court stayed a significant order imposing costs of ₹4 crore on Patanjali Ayurved in a trademark dispute. The dispute involved Patanjali's alleged infringement on…
The Karnataka High Court provided relief to a youth accused of rape following an online interaction through the Bumble dating app. The case involved allegations of coercion during…
The Allahabad High Court examined a case where details of an FIR and termination of a government employee were not disclosed to the concerned individual. The Court held that…
The Kerala High Court addressed the issue of compulsory two-year rotating medical internships for medical students, considering challenges posed by the COVID-19 pandemic and the…
The Gauhati High Court dealt with a hit-and-run case, where the driver was accused of rash and negligent driving under Section 1062 BNS of the IPC. The Court scrutinized the…
The Kerala High Court initiated suo-motu contempt proceedings in a case involving road accidents caused by the blockage of roads. The Court took serious note of incidents where…
The Chhattisgarh High Court provided clarification on curable procedural defects and the substantive rights of parties in legal proceedings. The Court emphasized that procedural…
The Delhi High Court ruled that an employee cannot be denied leave encashment solely because a chargesheet was filed against them. In the case, the petitioner had been suspended…
The Orissa High Court took note of the poor condition of the Sardar Vallabhbhai Patel Institute of Paediatrics. The Court called for necessary action to improve the infrastructure…
The Calcutta High Court ruled that children born from void marriages cannot be discriminated against in compassionate employment schemes. The case involved a child of a void…
The Chhattisgarh High Court permitted a rape victim suffering from sickle cell anemia to undergo medical termination of pregnancy. The decision was based on the health risks…
The Karnataka High Court dealt with a defamation case filed against Congress leader Satish Jarikholi for allegedly making offensive remarks about the Hindu community. The Court…
The Madras High Court held that the freedom of speech cannot be used to cross the limits of decency, especially when it involves public expressions that might offend social norms…
The Allahabad High Court remarked that a middle-class woman is unable to provide a square meal to her family with a paltry maintenance amount. The judgment pointed to the…
The Supreme Court ruled that a mere delay in the registration of an FIR cannot be grounds for rejecting a motor accident claim. However, the Court noted that the delay could still…
The Supreme Court flagged the practice of converting civil disputes into criminal cases, noting that this practice is rampant in many states. The Court expressed concern about how…
The Supreme Court addressed the case of Karnataka politician D.K. Shivakumar, where the government withdrew consent for the CBI's investigation of his disproportionate assets. The…
The Supreme Court issued a notice seeking a response from the central government regarding the petition for pan-India guidelines for women's safety and a ban on free pornography.…
The Supreme Court questioned whether shouting "Jai Sriram" inside a mosque could be considered an offense. The case arose from complaints regarding alleged disturbances during a…
The Supreme Court ruled that compensation under Section 28A of the Land Acquisition Act, 1894, can be sought by landowners based on the enhancement of compensation granted by the…
The Supreme Court issued an interim order regarding a survey at the Atala Mosque in Jaunpur, directing that the Places of Worship Special Provisions Act, 1991, will apply to…
The National University of Juridical Sciences NUJS , Kolkata, was awarded an A grade by the National Assessment and Accreditation Council NAAC . The university’s academic…
The Supreme Court ruled that arbitration cannot be optional when an agreement includes an arbitration clause. The case involved a dispute where one party sought to avoid…
The Chhattisgarh High Court held that the findings of an arbitrator under Section 34 of the Arbitration Act cannot be scrutinized, as the court’s role is limited to sitting in…
The NCLAT ruled that the disbursement of non-fund-based facilities cannot be refused if it is included in the lender's resolution plan. The case involved a disagreement over…
The Delhi High Court disallowed the Income Tax Department from adjusting stayed demands towards previous refunds due to Nokia. The case involved the Income Tax Department…
The Delhi State Commission ruled that insurance claims cannot be denied for pre-existing ailments without prior medical tests. The case involved a consumer whose claim was…
The Delhi District Commission held a coaching centre liable for retaining advance fees and not refunding unutilized services. The consumer complaint arose from a situation where…
The Supreme Court issued an interim order stating that TM Krishna should not be recognized as the recipient of the Sangita Kalanidhi Award, which was originally given to him in…
The Income Tax Appellate Tribunal ITAT quashed the reassessment under Section 148 based on incriminating materials, highlighting that reopening an assessment must be grounded on…
The ITAT has remanded a case back to the assessing officer AO regarding the disallowance of depreciation claims due to an error. The case involved a taxpayer who had claimed…
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