Sorted by Latest
The Goods and Services Tax Network GSTN has issued an advisory addressing discrepancies between the values reported in Table 8A and Table 8C of the annual returns for FY 2023-24.…
The Indian petroleum sector's tax contribution is expected to face a sharp decline in FY 2024-25, primarily due to regulatory challenges and a slump in consumption patterns. The…
The Bombay High Court ruled in favor of a tax lawyer, preventing Canara Bank from listing his name in the CIBIL Credit Information Bureau India Limited database of willful…
Karnataka RERA holds Shrivision Homes liable for delayed possession and orders ₹302 lakh in interest to a homebuyer. The builder was found responsible for failing to hand over the…
The engagement quality review process for auditors is set to undergo significant changes effective from December 15, 2024. These changes aim to improve the quality and…
The Income Tax Appellate Tribunal ITAT ruled that the issuance of notice from a different email ID, which was not communicated to the taxpayer, violates the Income Tax Act. This…
Madras HC orders fresh hearing for a GST consultant after they failed to notify proceedings and paid only 90% of the disputed tax. The case revolves around a GST assessment where…
The Income Tax Appellate Tribunal ITAT remanded a case to the Commissioner of Income Tax Appeals CITA for a fresh hearing after it was found that the assessee had not been given a…
Public sector banks in India are facing challenges with a growing volume of non-performing assets NPAs , which reached Rs 3.16 lakh crore, or over 3% of total loans. The Ministry…
Public sector banks in India have written off loans worth Rs 42,000 crore in the first half of the fiscal year 2024. This includes both large corporate loans and smaller ones…
Amazon has expanded its SMBhav fund to support domestic manufacturing in India. The fund, initially launched in 2022 to promote small and medium-sized businesses SMBs , will now…
The Income Tax Appellate Tribunal ITAT directed the Commissioner of Income Tax Appeals CITA to conduct a fresh hearing in an appeal, after imposing a penalty of ₹50,000 for the…
The Calcutta High Court ruled that an Assessing Officer AO must provide an opportunity for a hearing before passing any adverse decision under Section 754 of the GST Act. This…
The Delhi High Court granted relief to JCB India in a case where the company was accused of anti-competitive behavior due to its intellectual property rights. The court ruled that…
The National Company Law Tribunal NCLT ruled that once a resolution plan for a corporate debtor is approved, all liabilities of the debtor are extinguished. The decision aligns…
The Madras High Court set aside a GST assessment order due to procedural lapses in the dispute regarding Input Tax Credit ITC . The court found that the taxpayer had not been…
Amazon’s Venture Fund to Invest $120 Mn in Manufacturing & AI Startups: Amazon's venture fund is set to invest $120 million in startups focused on manufacturing and artificial…
NCLT Dismisses Indian Bank Insolvency Plea Against Mantri Developers: The National Company Law Tribunal NCLT dismissed the insolvency plea filed by Indian Bank against Mantri…
Supreme Court to Question Property Rights of Women under Hindu Succession Act: The Supreme Court has referred the issue of property rights for women under the Hindu Succession Act…
GSTN issued an advisory highlighting discrepancies in the reporting of values in Table 8A and 8C of the annual GST returns for FY 2023-24. Table 8A refers to the ITC data while…
The Supreme Court of India ruled that mere possession of imported cars does not attract duty liability unless they are brought into commercial use. The judgment came after a…
The Madras High Court recently dismissed a writ petition regarding the blocking of Input Tax Credit ITC after one year. The petitioner had challenged the blocking of ITC but the…
The GST Network GSTN has issued an advisory mandating biometric Aadhaar authentication for GST registration in four Indian states—Haryana, Manipur, Meghalaya, and Tripura. This…
The Bombay High Court invalidated the arrest of a sales tax officer involved in a ₹175 crore GST scam. The court held that the officer’s arrest was illegal due to procedural…
Karnataka HC BS Yediyurappa POCSO Case: The Karnataka High Court rejected a petition to quash an FIR filed against former CM BS Yediyurappa in connection with a POCSO case. The…
The GST Network GSTN has issued an advisory mandating biometric Aadhaar authentication for GST registration in four Indian states—Haryana, Manipur, Meghalaya, and Tripura. This…
The Bombay High Court invalidated the arrest of a sales tax officer involved in a ₹175 crore GST scam. The court held that the officer’s arrest was illegal due to procedural…
Public sector banks in India have written off loans worth Rs 42,000 crore in the first half of the fiscal year 2024. This includes both large corporate loans and smaller ones…
The Gauhati High Court has ruled that a mere summary of the Show Cause Notice SCN in GST DRC-01 is insufficient for initiating GST proceedings under Section 73. The Court…
The Income Tax Appellate Tribunal ITAT has remanded a case involving an unexplained investment of ₹29.32 lakh back to the Commissioner of Income Tax Appeals CITA for further…
Over two dozen petitions have been filed by corporate giants, including Samsung, challenging the powers of the Competition Commission of India CCI and seeking a limit to its…
The Bombay High Court ruled in favor of a tax lawyer, preventing Canara Bank from listing his name in the CIBIL Credit Information Bureau India Limited database of willful…
The Income Tax Appellate Tribunal ITAT has remanded a case involving an unexplained investment of ₹29.32 lakh back to the Commissioner of Income Tax Appeals CITA for further…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT quashed an order revoking a customs license, citing procedural lapses by the inquiry officer. The officer failed to…
Ahead of the Union Budget 2025, stakeholders from the Micro, Small, and Medium Enterprises MSME sector have urged the government to introduce measures that could ease their…
The Indian petroleum sector's tax contribution is expected to face a sharp decline in FY 2024-25, primarily due to regulatory challenges and a slump in consumption patterns. The…
The Goods and Services Tax Network GSTN has issued an advisory addressing discrepancies between the values reported in Table 8A and Table 8C of the annual returns for FY 2023-24.…
Stride Ventures Launches Fourth Fund with $300 Mn Target: Stride Ventures launched its fourth fund with a target corpus of $300 million. This fund will focus on providing debt…
Amazon has expanded its SMBhav fund to support domestic manufacturing in India. The fund, initially launched in 2022 to promote small and medium-sized businesses SMBs , will now…
A Mumbai court has approved the monetization of assets worth Rs 2,565.9 crore in the case involving fugitive businessman Mehul Choksi. The assets, primarily consisting of real…
A report has revealed that 73,151 startups in India now have at least one woman director, according to data shared by the Ministry of Corporate Affairs. This marks a significant…
YesMadam Responds to Flak Over Layoffs and Work Stress Email: YesMadam, a beauty and wellness startup, responded to public criticism regarding its recent layoffs and allegations…
Ex-Swiggy CTO and Ex-Kotak VP Launch Sahi: Sahi, a new startup, was launched by former Swiggy CTO and ex-Kotak VP. The company focuses on providing innovative technology solutions…
Zettai Seeks Singapore High Court Approval to Convene Creditors' Meeting: Zettai, a Singapore-based company, is seeking approval from the Singapore High Court to convene a meeting…
Redcliffe Labs Narrows Losses Significantly in FY24: Redcliffe Labs reported a significant narrowing of losses in FY24, as the company experienced robust revenue growth. The…
LambdaTest Raises $38 Mn to Scale QA Platform: LambdaTest, a cloud-based testing platform, raised $38 million in a funding round to scale its operations. The platform allows…
Mintifi Bags $180 Mn from TVG & Prosus: Mintifi, a fintech startup, raised $180 million in a funding round led by TVG and Prosus Ventures. The funds will help Mintifi enhance its…
Amazon’s Venture Fund to Invest $120 Mn in Manufacturing & AI Startups: Amazon's venture fund is set to invest $120 million in startups focused on manufacturing and artificial…
Prosus in Talks to Lead $50 Mn Funding in Fintech Startup Jar: Prosus, the global consumer tech investor, is in talks to lead a $50 million funding round in fintech startup Jar.…
Stride Ventures Launches Fourth Fund with $300 Mn Target: Stride Ventures announced the launch of its fourth fund with a target corpus of $300 million. The fund will primarily…
The Goods and Services Tax Network GSTN has issued an advisory addressing discrepancies between the values reported in Table 8A and Table 8C of the annual returns for FY 2023-24.…
Showing 50 of 42930 updates