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Next week, five major IPOs, including one from a well-known tech firm, are set to launch on the main board, along with six from small and medium enterprises SMEs . This reflects…
The Kochi GST Appellate Authority ruled that appeals without the required 10% pre-deposit are defective. The appeals in question were filed without the mandatory pre-deposit,…
SEBI has notified changes to the summary proceedings under Regulation 30A of the SEBI Intermediaries Regulations. These amendments aim to streamline the process for initiating…
The Indian government is set to decriminalize minor defaults by MSMEs under the MSMED Act, providing relief to small businesses that have faced challenges in complying with…
Shares in a penny stock surged from ₹4.34 to ₹730 in just five years, turning an initial investment of ₹1 lakh into ₹1.68 crore. This dramatic increase highlights the potential of…
A RERA Real Estate Regulatory Authority ruling has sided with a property buyer who faced delays in possession, ordering the builder to pay ₹37 lakh in interest compensation. The…
Ajit Pawar, a prominent Indian politician, had his properties worth ₹1,000 crore cleared by the Income Tax Department in a benami property case. The properties, which were…
The Nifty PSU Bank Index is expected to rally 5-6% in the near term, according to Anand James, a market expert. The sector is showing signs of strong performance due to…
The ITAT directed fresh consideration in a case involving non-compliance with income tax filing requirements due to issues with the online portal. The assessee faced difficulties…
The Madras High Court ruled that Input Tax Credit ITC is not available for goods purchased for sales promotion activities under GST. The court held that sales promotion…
In a recent ruling, the National Company Law Appellate Tribunal NCLAT upheld that a liquidator can recover funds owed to a corporate debtor through an application under Section 60…
In a pre-budget meeting, MSME stakeholders called for a tech upgrade to drive innovation and efficiency in the sector. They emphasized the need for more affordable access to…
Foreign Portfolio Investors FPIs have made a strong return to Indian equities, with a net inflow of ₹24,454 crore in December. This signals renewed confidence in the Indian…
Next week, five major IPOs, including one from a well-known tech firm, are set to launch on the main board, along with six from small and medium enterprises SMEs . This reflects…
The Indian Finance Ministry has directed banks to adopt MuleHunter AI to combat digital fraud. MuleHunter is a specialized AI tool designed to detect and prevent fraudulent…
India’s inclusive growth has been praised by the international community, as the country continues to make strides in reducing poverty and improving economic opportunities for…
The aerated beverage industry has raised concerns over a proposed GST hike, arguing that it could have a detrimental effect on consumption and jobs in the sector. The industry…
The Kochi GST Appellate Authority held that voluntarily paid taxes or reversed Input Tax Credit ITC are not refundable after the insertion of Section 165 in the CGST Act. The case…
The apparel industry in India has strongly opposed a proposed GST hike, citing concerns over its adverse impact on the sector’s growth. Industry leaders argue that increasing GST…
Myntra’s FY24 results show a remarkable recovery, with the company turning a significant profit of ₹31 crore from a previous year of massive losses. The turnaround reflects…
HeadsUp, a B2B tech platform, achieved impressive growth in FY24, with its gross sales increasing over 8x. This rapid expansion was accompanied by an 88% spike in profits, marking…
Plum, an insurtech startup, reported a dramatic surge in revenue, with a 25x increase in FY24. This growth was accompanied by a significant reduction in losses, which the company…
The week of December 2-7 saw a significant number of funding and acquisition activities across Indian startups, with over $250 million raised. Among the prominent deals, several…
Indian startups raised $250 million across 18 deals this week, marking a 72% increase in funding compared to the previous week. The funding activity reflects investor confidence…
Authorities in Jharkhand seized over 61 kilograms of silver in connection with a GST evasion probe. The precious metal was discovered to be part of a larger scam involving tax…
A businessmAan from Rajkot has been arrested for allegedly masterminding a Rs. 186 crore GST scam. The accused, involved in fraudulent activities, operated through multiple shell…
The Gauhati High Court set aside an order that substituted the requirement for issuing a show-cause notice SCN under Section 73 1 of the CGST Act with a summary of the SCN in GST…
Paytm’s Singapore subsidiary has sold its stake in PayPay, the Japanese fintech firm, for $279 million. This move is part of Paytm’s strategic efforts to streamline its operations…
Gaurav Munjal, CEO of Unacademy, shared his long-term vision for the company, stating that Unacademy’s goal is not about chasing quick milestones or a short-term exit but about…
ONDC, the Open Network for Digital Commerce, will impose a fee of INR 1.5 from the next month to facilitate its platform. This move is aimed at generating funds to ensure the…
The Competition Commission of India CCI urged the Supreme Court to consolidate multiple cases related to Amazon and Flipkart sellers into one unified proceeding. The cases involve…
The Gujarat Court acquitted former IPS officer Sanjiv Bhatt in the 1997 custodial torture case, where he was accused of illegally detaining and torturing a man. Bhatt had been…
The Calcutta High Court ruled that statements made by co-accused under Section 50 of the Prevention of Money Laundering Act PMLA are not substantive evidence at the bail stage and…
The Supreme Court granted relief to a person who migrated from East Pakistan in 1969 by citing the Citizenship Amendment Act CAA . The case centered on a petition where the…
The Supreme Court has set up a special bench to hear petitions challenging the constitutionality of the Places of Worship Special Provisions Act, 1991, on December 12. The Act,…
The Supreme Court ruled in favor of amending cooperative society laws to prevent the conferring of positions to the kin of bureaucrats and other influential individuals. The court…
DRI Seizes 72 Litres of Amphetamine in Major Drug Bust in New Delhi: The Directorate of Revenue Intelligence DRI has seized 72 liters of amphetamine, a high-risk drug, in a…
Sequoia-backed Wakefit, a prominent online mattress and furniture startup, has reported a robust Rs 66 crore EBITDA for FY24. The company has experienced significant growth in the…
IPO-bound Mobikwik reported a loss of INR 6.6 crore for Q1, reflecting challenges in its financial performance as it prepares for its initial public offering IPO . The fintech…
The Delhi State Consumer Commission held TDI Infrastructure liable for deficiency in service for failing to meet contractual obligations. The complainant had entered into a…
The Delhi High Court held that allegations against a manufacturer of clandestinely clearing goods to evade taxes must be based on tangible evidence. In the case, the tax…
The Himachal Pradesh High Court ruled that a court without jurisdiction cannot entertain an application under Section 34 of the Arbitration and Conciliation Act. The case involved…
The Karnataka High Court quashed a rape case against a man involving a married woman, which was filed after the two met through the Bumble app. The woman accused the man of raping…
The Delhi High Court has stayed the registration of the "Jack Daniel's" trademark for alcoholic beverages, following a legal challenge by a competitor, who claimed that the…
The Calcutta High Court ruled that recovering excess payments made to retired employees is impermissible without evidence of fraud or misrepresentation. The case involved a…
The ITAT dismissed the Revenue’s appeal, ruling that undisclosed income should be computed based on the principle of real income. The case involved the assessee’s income, which…
CSR Contributions by Cheil India Towards Clean Ganga Fund and Swacch Bharat Kosh Are Sec 80G Tax Deductibles: ITAT: The Income Tax Appellate Tribunal ITAT ruled that corporate…
Failure to Adjudicate Issue Under Section 148 of Income Tax Act, ITAT Remands Case to CITA: The Income Tax Appellate Tribunal ITAT has remanded a case back to the Commissioner of…
DGGI Issues ₹4.52 Crore GST Demand to Kerala Guruvayur Devaswom Board Over Tax Evasion for 6 Years: The Directorate General of Goods and Services Tax Intelligence DGGI has issued…
Petition Under Section 9 of IBC Cannot Be Admitted on Establishment of Pre-existing Dispute Regarding Operational Debt: NCLAT: The National Company Law Appellate Tribunal NCLAT…
Next week, five major IPOs, including one from a well-known tech firm, are set to launch on the main board, along with six from small and medium enterprises SMEs . This reflects…
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