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The Supreme Court dismissed a Public Interest Litigation PIL raising grievances related to the farmers' protest but allowed liberty for petitioners to assist in ongoing cases on…
The Supreme Court granted permanent commission to a woman army officer who had been denied benefits afforded to similarly situated others. The ruling emphasizes the principle of…
The Madras High Court remanded a case where the National Faceless Assessment Centre NFAC failed to provide video conferencing or a personal hearing, violating principles of…
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…
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…
In a significant ruling, the Income Tax Appellate Tribunal ITAT has directed the reassessment of undisclosed income amounting to ₹6.61 crore, attributed to fraud allegations…
The Bombay High Court has ruled that benefits under the Sabka Vishwas Scheme, aimed at settling indirect tax disputes, extend to the redemption of fines upon application…
The Madras High Court has ordered the reassessment of Input Tax Credit ITC claims filed after the prescribed deadline under Section 164 of the GST Act. The Court directed that…
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.…
GST officers have uncovered an ITC fraud worth ₹35,132 crore linked to approximately 17,000 fake firms. These firms were involved in a large-scale operation of generating fake…
The National Company Law Appellate Tribunal NCLAT has ruled that a written agreement is not mandatory to prove a financial debt, provided other materials on record substantiate…
The Rajasthan High Court has ruled that central tax officers and the Directorate General of GST Intelligence DGGI have nationwide authority to issue Show Cause Notices SCNs under…
The Kerala GST Appellate Authority GST AA has ruled in favor of taxpayers by deleting penalties on short-paid tax, following a retrospective amendment in Section 165 of the…
The Kerala High Court recently ruled on the maintainability of a writ petition challenging a government order. The petitioner, seeking to challenge the order, argued that it…
Bengaluru landowners could face significant tax hikes due to a new report on the Peripheral Ring Road PRR project. The PRR project aims to improve connectivity and reduce…
Indian Oil Corporation IOC saw its share price experience fluctuations on December 9, 2024, as the market responded to changes in crude oil prices and government policy. As a…
Lenskart, an Indian eyewear retailer, plans to establish the largest eyewear manufacturing facility in Telangana. The facility will cater to the growing demand for eyewear across…
HSBC India has launched a new premium credit card, 'Prive', targeted at its private banking clients. The card offers a wide range of benefits, including exclusive travel…
The Income Tax Appellate Tribunal ITAT has ruled in favor of a taxpayer by cancelling a penalty of Rs 58.97 lakh. The tribunal found that the issue in question was debatable and…
The Income Tax Department has carried out a large-scale raid in Andaman and Nicobar Islands targeting individuals and entities suspected of tax evasion. The raids are part of an…
Ajit Pawar, a prominent politician, and his family have been cleared of allegations regarding benami property ownership. The Enforcement Directorate ED had previously seized…
This daily roundup from YourStory covers the latest developments in the Indian startup ecosystem as of December 9, 2024. The updates include funding rounds, acquisitions,…
SMFG India, a subsidiary of SMFG Japan, has secured a €91 million loan from Deutsche Bank. The loan will be used to finance the company’s operations and business expansion in…
The National Restaurant Association of India NRAI has issued a warning to restaurants, food aggregators, and payment gateways against deep discounting practices. The NRAI…
100 Unicorns, a venture capital fund, is expanding its operations into the UAE to tap into investment opportunities in the MENA Middle East and North Africa region. The fund,…
MapmyIndia, an Indian mapping and GPS navigation company, has reversed its decision to make an equity investment in a particular firm. Initially, the company had intended to…
The GST registration process in Haryana, Manipur, Meghalaya, and Tripura has been updated, now requiring biometric Aadhaar authentication for applicants. This change aims to…
Cashes, a digital payments company, reported a dramatic 95% decline in its profit for FY24, despite seeing a 16% growth in revenue. The decline in profit is attributed to…
BookMyShow, a leading online ticketing platform, has reported a profit of nearly ₹110 crore in FY24, despite challenges in its event business segment. The company’s overall…
Wooden Street, a major player in the Indian furniture and home decor sector, has secured INR 354 crore in funding to strengthen its offline presence and expand its reach. This…
EaseMyTrip’s shares surged by 3.40% after the company secured approval to raise INR 234.03 crore through a preferential issue. The funds will be used to support the company’s…
Perfios, a financial technology company, reported a remarkable 819% increase in its profit for FY24, reaching INR 71.7 crore. The significant growth is attributed to the company’s…
Flipkart has received internal approval to shift its base back to India as it prepares for an upcoming IPO. The move aligns with the company’s plans to strengthen its presence in…
Mobikwik's initial public offering IPO is receiving strong support, with its grey market premium GMP up by 40%. Brokerages are positive about the issue, citing Mobikwik’s strong…
Elon Musk's Starlink satellite internet service has come under scrutiny in India, with authorities issuing a notice in connection with an alleged ₹4.25 billion drugs smuggling…
Flipkart has partnered with DPIIT to invest in Indian startups, supporting innovation and growth within the domestic startup ecosystem. The collaboration aims to create a robust…
The Delhi High Court directed the Delhi Police to preserve the case diaries in the ongoing trial of the Delhi Riots. The case involves Devangana Kalita, an accused in the riots,…
The Andhra Pradesh High Court rejected PILs challenging the broadcasting of the reality show Bigg Boss Telugu, filed by activists concerned about the show's content. The…
The Supreme Court expressed astonishment at the Delhi High Court’s classification of an Article 227 plea as a criminal writ petition. The plea concerned the jurisdiction of a…
The Delhi High Court ruled that Mahindra cannot use the "6E" mark in relation to its airline services until the resolution of Indigo’s suit. The legal dispute involves a trademark…
The Supreme Court heard an appeal concerning Bhushan Power & Steel’s insolvency proceedings and the applicability of Section 32A of the Insolvency and Bankruptcy Code IBC in…
The Supreme Court has set aside a ₹1 lakh cost imposed by the Allahabad High Court on advocate Mehmood Pracha, stating that the costs were excessive. Pracha had been representing…
In a case before the Karnataka High Court, a defendant accused of planting evidence in a case involving serious charges claimed that the prosecution had fabricated the evidence…
Andhra Pradesh Chief Minister Jagan Mohan Reddy has moved the Delhi High Court against news reports linking him to an alleged indictment involving the Adani Group. Reddy filed a…
The Supreme Court dismissed a Public Interest Litigation PIL raising grievances related to the farmers' protest but allowed liberty for petitioners to assist in ongoing cases on…
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