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Justice B.V. Nagarathna of the Supreme Court has expressed strong views against judges engaging with social media platforms, particularly Facebook. According to her, judges should…
The National Company Law Appellate Tribunal NCLAT has ruled that a petition under Section 7 of the Insolvency and Bankruptcy Code IBC cannot be barred for defaults committed…
The Delhi District Commission has imposed punitive damages of Rs 15 lakh on Emami for engaging in unfair trade practices and misleading advertisements. The company had been found…
The Telangana High Court issued a show-cause notice to actor Mohan Babu regarding his non-appearance in a case under Section 126 of the BNSS Act. The court was hearing a case…
The Andhra Pradesh High Court granted bail to film director Ram Gopal Varma in a case involving his social media posts against political figures. The Court considered the posts to…
The Madhya Pradesh High Court examined the issue of a second marriage under Section 15 of the Hindu Marriage Act, ruling that it is permissible under certain circumstances. The…
Tesla has resumed its search for showroom space in the Delhi-NCR region as part of its expansion plans in India. After initial setbacks in establishing a retail presence in the…
Himachal Pradesh has signed an MOU to develop green corridors and promote electric vehicles. The state government has partnered with stakeholders to create an eco-friendly…
The ITAT has ruled that a delay in filing an appeal due to medical reasons could justify condoning the delay. The taxpayer had failed to file the appeal within the stipulated time…
The Madras High Court has granted a final opportunity for a taxpayer to explain discrepancies arising from a mismatch in GST returns and the non-payment of interest on delayed GST…
The Punjab and Haryana High Court has ruled that non-payment of the requisite fee under the CGST Act is not a valid ground to dismiss a GST appeal. In this case, the taxpayer had…
A Navratna PSU telecom company has secured a new order worth INR 111 crore from Mahatma Phule Krishi Vidyapeeth. The order is part of the company’s expanding portfolio in the…
A son fought against a builder for property possession delay and won INR 37 lakh in interest compensation from NCDRC. The case highlights consumer rights and the importance of…
The stock market news on December 11, 2024, highlighted mixed trends in market performance. The Sensex and Nifty indices experienced fluctuations, driven by global cues and local…
Flipkart has expanded its quick-commerce service beyond Bengaluru with the launch of Flipkart Minutes in Thane. Flipkart Minutes, the e-commerce giant's fast delivery service,…
GrowX Ventures has launched a new INR 400 crore fund to support early-stage investments in startups. The fund aims to focus on tech-driven startups across various sectors,…
The Indian Overseas Bank IOB is set to receive an income tax refund of Rs 1,359 crore for the assessment year 2015-16. The refund pertains to tax payments made by the bank in…
The ITAT has ruled that a gift of Rs 3 crore from an NRI son to his mother is valid and non-taxable. The tribunal found that the donor had sufficient funds to make the gift, and…
The Standing Committee on Finance has proposed key recommendations to address procedural delays and manpower shortages at the National Company Law Tribunal NCLT and improve the…
Kenro Capital has acquired a stake in Peak XV-backed K12 Techno for $40 million. The acquisition marks a significant investment in the education technology sector, focusing on…
MobiKwik’s IPO was subscribed 4 times within 4 hours on Day 1, with retail demand soaring over 16 times. The mobile wallet and payments platform MobiKwik witnessed a highly…
OYO-owned Innov8 has reported a net profit of INR 62 crore in FY24, showing robust growth despite challenges. Innov8, a co-working space provider, has shown remarkable growth in…
Haber, a maker of B2B robotics solutions, has raised $44 million in a Series C funding round to expand its operations. Haber develops robotics systems powered by AI for use in…
Groww, a digital investment platform, has come close to reaching 13 million active users by November 2024. The platform, which offers investment options like mutual funds, stocks,…
The Madras High Court has ruled that a maximum of three personal hearings must be provided following the issuance of a GST DRC-01 notice. This ruling came after the taxpayer was…
The Finance Minister recently met with representatives from the MSME sector for pre-budget consultations. Discussions focused on key challenges facing small and medium…
The Standing Committee on Finance has highlighted procedural delays and a shortage of manpower at the National Company Law Tribunal NCLT . With 19,969 pending cases, the committee…
CarDekho SEA has raised $60 million in funding from Navis Capital Partners and Dragon Fund to expand its presence in Southeast Asia. The funding will allow CarDekho to scale its…
Zepto is planning to launch a separate app for its 10-minute cafe service, aimed at enhancing its quick-commerce offerings. The company, which already specializes in ultra-fast…
Avanti Finance, an NBFC, has raised $14.2 million to expand its loan book and reach underserved segments. The funds raised will help the company diversify its offerings and…
Delhivery, an Indian logistics company, has allocated 7.8 lakh equity shares under its Employee Stock Option Plan ESOP . The move is designed to reward and retain employees by…
The Open Network for Digital Commerce ONDC has reduced its December incentive by 33%, bringing it down to INR 40 lakh. The cutback is part of ONDC's efforts to streamline its…
The Madras High Court has quashed a revenue demand of Rs 14.58 crore, which was based on allegations of undisclosed land sale receipts. The court ruled that the revenue department…
The Supreme Court of India ruled that a sanction for prosecution under Section 197 of the Criminal Procedure Code CrPC is required when an alleged offense is connected to the…
The Madras High Court has granted a hearing to a taxpayer who was facing short payment of taxes due to an excessive input tax credit ITC claim. The taxpayer had claimed more ITC…
Google has announced a new initiative offering Indian developers up to INR 6,800 in free credits to help them access its map API services. This move is aimed at fostering…
The Andhra Pradesh High Court granted anticipatory bail to filmmaker Ram Gopal Varma in a case involving allegations of incitement to violence. The case arose from Varma’s…
The Gujarat High Court launched a hybrid hearing platform for Taluka family courts to enhance access to justice. This initiative allows for a combination of in-person and virtual…
The Kerala High Court clarified that actor Dileep was not given VIP privileges during the Sabarimala investigation, contrary to claims by the police. The case, which centered…
The Kerala High Court ruled that there is no legal provision for awarding damages for the act of adultery. The judgment came in response to a petition seeking compensation for…
India's cryptocurrency sector has been caught in a major GST evasion case involving Rs 824 crore. The authorities uncovered fraudulent claims related to goods and services tax GST…
The Income Tax Review Committee is working to simplify the Income Tax Act, aiming to ease the tax compliance process without altering tax rates. The committee's focus is on…
A pharmaceutical trader who failed to file GST annual returns has been granted another opportunity for a hearing by the Madras High Court. The trader's non-compliance with GST…
The Jammu and Kashmir High Court held that courts have the power to amend or strike out issues in a civil suit under Order 14, Rule 5 of the Civil Procedure Code, at any stage…
The Supreme Court of India ruled that a complainant must receive a copy of the inquiry report under the POSH Act. The Court imposed a fine on the Border Security Force BSF for not…
The Madras High Court has granted a hearing in a case involving GST input tax credit ITC claims from canceled dealers, return defaulters, and non-taxpayers. The case pertains to…
Belated Filing of Form 67 Not a Ground to Deny Tax Credit: The Income Tax Appellate Tribunal ITAT has ruled that belated filing of Form 67 should not be a ground to deny foreign…
CBIC Extends GSTR-3B Filing Deadline for Murshidabad, West Bengal: The Central Board of Indirect Taxes and Customs CBIC has extended the deadline for filing GSTR-3B returns for…
NFRA Pushes for Global Alignment in Auditing Standards: The National Financial Reporting Authority NFRA has called for a global alignment of auditing standards to boost investor…
Budget 2025 Preview: Finance Minister Nirmala Sitharaman's Budget 2025 is expected to focus on addressing inflation and promoting economic growth amidst a challenging global…
Justice B.V. Nagarathna of the Supreme Court has expressed strong views against judges engaging with social media platforms, particularly Facebook. According to her, judges should…
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