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The Ministry of Finance Department of Financial Services has notified the Banking Companies Nomination Rules, 2025, replacing the earlier 1985 rules, effective from 1 November…
The Ministry of Corporate Affairs MCA has extended the deadline for filing Form CRA-4 Cost Audit Report in XBRL format for the financial year ending March 31, 2025, up to December…
The Delhi High Court is hearing a public interest litigation challenging the certification granted by the Central Board of Film Certification CBFC to the film The Taj Story, on…
Kerala and Tamil Nadu CMs criticised the Election Commission over alleged plans to disenfranchise voters under the SIR scheme, demanding transparency in electoral rolls.
European Union’s top leadership will be the chief guests at India’s 2026 Republic Day, reflecting growing diplomatic cooperation between India and the EU.
The Madras High Court struck down a customs order issued beyond the 90-day limitation period prescribed under CBLR, emphasizing adherence to statutory timelines.
CBDT authorised the CPC Commissioner, Bengaluru, to rectify and issue demand notices for specific income-tax cases to streamline processing and reduce delays.
CESTAT ruled that service-tax demand on renting of immovable property was time-barred, noting conflicting judicial views on the taxability of such services.
The Rajasthan High Court held that recovery of ₹2 crore cash and a gold bar from a public servant’s residence did not necessarily relate to his official duties; accordingly prior…
The Delhi High Court clarified that its earlier order in a trademark dispute involving “ORS” was not a license for companies to continue manufacturing the product. The court…
The Karnataka High Court quashed an FIR against a 23-year-old man following a complaint by a woman he met on the dating app Bumble, who alleged that he had sex without her ongoing…
The Institute of Chartered Accountants of India ICAI has released an exposure draft of the 13th Edition of the Code of Ethics and invited public comments. This draft, intended to…
The Jammu & Kashmir High Court held that the doctrine of merger does not apply when a Special Leave Petition SLP is dismissed without granting leave. Only a law declared by the…
The Himachal Pradesh High Court held that an accused person cannot be deprived of the right to lead defence evidence merely because he earlier declined to do so during examination…
Snapmint, a buy-now-pay-later fintech startup, is set to raise $37.5 million in a Series B round led by General Atlantic with participation from existing investors. The deal aims…
Taxscan reports an ITAT ruling that treated a ₹1.50 crore cash addition as business turnover rather than unexplained income in a bullion trader’s case. The tribunal observed that…
The Madras High Court recognised cryptocurrency as “property” under Indian law, capable of being held in trust. The case involved an investor whose XRP coins on WazirX were frozen…
Urban Money, the fintech arm of Square Yards, has achieved 10X growth in three years, recording nearly ₹714 crore revenue in FY25. Entrackr attributes this success to diversified…
Entrackr reports that Snabbit, an on-demand home-services startup founded in 2024, is set to raise roughly $30 million ₹265.4 crore in a Series C round led by Bertelsmann with…
The Andhra Pradesh High Court directed the Criminal Investigation Department CID and Anti-Corruption Bureau ACB to probe allegations of theft from the Parakamani cash counting…
The Delhi High Court ruled that a wife’s persistent neglect and apathy towards her aged in-laws can amount to mental cruelty under the Hindu Marriage Act. The court observed that…
The West Bengal AAR ruled that rooftop solar EPC contracts qualify as “works contracts” under GST as they involve both goods and installation, making GST applicable on the entire…
The Supreme Court stayed an Andhra Pradesh HC ruling that had quashed GST assessment orders lacking a Document Identification Number DIN , indicating procedural lapses alone may…
The Madras High Court ruled that filing an appeal under the Income-tax Act does not automatically stay recovery proceedings. The Court upheld CBDT’s requirement that taxpayers…
Convenience-tech startup Snabbit is preparing to raise US$30 million in a new funding round, at a valuation premium of more than 2× its previous round. The raise will fuel its…
A subsidiary of Infibeam has secured a Payment Service Provider PSP licence from the GIFT City International Financial Services Centre IFSC in India. The licence allows it to…
Ola Electric has secured certification for its in-house developed “4680 Bharat Cell” battery pack in a 5.2 kWh configuration. This milestone signals a move toward vertical…
The Madras High Court ruled that notifications under Section 68 2 lacked the legal framework to shift ocean freight service-tax liability to importers and quashed related…
NCLAT upheld a mediated family settlement in a company dispute, rejecting claims of duress or incomplete terms and reinforcing the enforceability of voluntary mediation outcomes.
The AAR ruled that developing housing units on 99-year leasehold land is a taxable “construction service,” not a sale of land, as title remains with the lessor. Hence, developers…
The Authority for Advance Rulings AAR held that monthly maintenance charges collected by housing or maintenance associations are taxable at 18% under SAC 9995 Other services…
CBIC revised duty-drawback rates for gold and silver jewellery exports to align with changes in global prices and domestic manufacturing costs. The revision aims to balance export…
The Madras High Court ordered GST authorities to reconsider a taxpayer’s blocked Input Tax Credit ITC claim within four weeks after verifying submitted evidence like invoices and…
The Supreme Court upheld confiscation and penalties imposed on an Export Oriented Unit EOU for removing duty-free capital goods without approval. The goods, valued around ₹3…
Taxscan reports that the CESTAT set aside a service tax demand on an insurance surveyor, holding that there was no suppression of facts. The tribunal observed that the surveyor…
The Supreme Court will determine whether routers and Wi-Fi extenders imported by Reliance qualify as “telecom equipment” for customs classification. The decision will impact…
Entrackr’s Fintrackr report highlights CarTrade’s latest financials showing ₹193 crore revenue and profit doubling to ₹64 crore. The piece attributes growth to stronger…
iD Fresh Food reported ₹681 crore in revenue and over fivefold profit growth in FY25. The report credits this performance to expanded production capacity, improved supply chain,…
Zetwerk has filed a lawsuit in a US court against Ayr Energy, accusing it of data theft and misappropriation of trade secrets. Entrackr explains that the case involves allegations…
The Central Board of Indirect Taxes and Customs CBIC amended anti-dumping/add-on duty notification concerning untreated fumed silica imports from China and Korea. This adjustment…
Taxscan summarizes an ITAT decision remanding a case where cash deposits were linked to an incorrect PAN. The tribunal instructed the assessing officer to verify identity…
Insurtech firm Go Digit General Insurance Ltd reported revenue of ₹2,088 crore for Q2 FY26, while its profit after tax rose by 30 % year-on-year. The performance reflects growth…
Optimo Capital — a digital loan-against-property NBFC co-founded by Prashant Pitti — has raised ₹150 crore in a Series A equity round along with ₹110 crore in debt from IDFC and…
As above: The insurtech Go Digit reported strong quarterly results—₹2,088 crore revenue, 30 % PAT growth—highlighting premium growth, better claims experience and digital…
The article outlines several leadership and capital-market moves: Lenskart is moving towards an IPO, Flipkart’s senior executive Kabeer Biswas is quitting, and other start-up…
The Government has approved projects totaling approximately ₹5,500 crore under its electronics manufacturing scheme, aimed at boosting local manufacturing, job creation and…
The Chhattisgarh High Court granted interim protection to a trader accused of availing fake Input Tax Credit ITC , directing them to cooperate with the Directorate General of GST…
The article covers travel-tech unicorn MakeMyTrip Ltd posting a net loss of US $5.7 million in Q2, signaling pressure in a sector recovering from pandemic disruption. Despite…
OpenAI is offering its “ChatGPT Go” subscription free for one year in India, starting in November. Previously priced at ₹399/month in India, the move underscores India’s…
The article reports that fintech startup Optimo Capital raised ₹150 crore from its co-founder Prashant Pitti and other investors to expand its lending and mortgage-tech business.…
The Ministry of Finance Department of Financial Services has notified the Banking Companies Nomination Rules, 2025, replacing the earlier 1985 rules, effective from 1 November…
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