Sorted by Latest
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 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 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…
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 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…
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 Kerala High Court heard a contempt petition against M.V. Govindan, a political leader accused of blocking public roads for rallies and protests. The petitioner claimed that…
The Calcutta High Court ruled that in cases of accidents involving drunk driving, the charge under Section 304 II of the Indian Penal Code IPC for reckless driving must also be…
The Kerala High Court ruled on a case concerning the penalties imposed on money lenders and loan recipients for violating lending laws. The case involved a money lender who…
The Allahabad High Court adjourned the hearing in the Public Interest Litigation PIL filed by Subramanian Swamy concerning the management of temples and fairs by the Uttar Pradesh…
The Rajasthan High Court overturned the acquittal of accused individuals in a dowry death case, emphasizing the application of Section 106 of the Evidence Act. The case involved…
The Allahabad High Court adjourned the hearing in a lawsuit concerning the 14th-century Atala Mosque in Jaunpur, which is involved in a dispute with the Atla Devi temple. The…
The Rajasthan High Court directed the Jawahar Navodaya Vidyalaya to admit a student who had missed classes due to the COVID-19 pandemic. The student had been unable to attend…
The Gujarat High Court heard a Public Interest Litigation PIL regarding the death of a pregnant woman in Chhota Udepur district, allegedly due to the lack of timely medical…
The Gauhati High Court ordered the Central Haj Committee to refund excess airfare charged from Assam pilgrims for the 2023 Haj pilgrimage. The court intervened after a PIL raised…
The Calcutta High Court granted bail to an individual accused under the Prevention of Money Laundering Act PMLA for allegedly running fake call centers that duped overseas…
The Madhya Pradesh High Court issued guidelines aimed at improving school bus safety following concerns regarding accidents and safety of children. The court directed the state…
The Jammu and Kashmir & Ladakh High Court ruled that a petition under Section 11 of the Arbitration and Conciliation Act, seeking the appointment of an arbitrator, cannot be…
The Assam government assured the Supreme Court that it would pay ₹70 crores in dues to tea garden workers within two years. This commitment reflects the government's…
The Bombay High Court criticized the Income Tax Department for its delays in processing tax refunds, which, according to the court, contribute to a growing interest burden on…
In a recent judgment, the ITAT deleted the addition made by the Assessing Officer who classified agricultural expenses as undisclosed income under Section 69C. The tribunal found…
The ITAT ruled that the addition made by the Assessing Officer under Section 28 iv of the Income Tax Act was unwarranted, as the free test assets had either been returned or…
The Madras High Court held that the Settlement Commission cannot invoke Section 154 of the Income Tax Act to rectify concluded proceedings or levy interest prior to 2011. The…
The Delhi High Court ruled that tangible evidence is essential to substantiate allegations of clandestine clearance and production of goods. This judgment emphasizes the necessity…
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 Madras High Court set aside a GST assessment order where the Input Tax Credit ITC claimed exceeded permissible limits, after noting that the taxpayer was not provided a…
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…
SEBI has introduced new timelines for merchant bankers to upload documents in the electronic repository, enhancing the regulatory oversight of capital market transactions. This…
The NCLAT has ruled in favor of Union Bank of India UBI in a case where the declaration of a loan account as a Non-Performing Asset NPA was used as the date of default for filing…
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 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 National Company Law Appellate Tribunal NCLAT has ruled that Section 43 of the Insolvency and Bankruptcy Code IBC cannot be applied if there is no transaction made by the…
The Telangana High Court has ruled that losses arising from the redemption of fixed deposits FDs should be classified as capital losses and not as trading losses. This decision…
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…
Showing 50 of 42930 updates