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The Supreme Court has issued notice in response to a senior advocate’s plea seeking to quash an FIR alleging that he had taken Rs 7 crore from a client to influence judges. The…
The Delhi High Court ruled that review petitions qualify as "pending litigation" under the Direct Tax Vivad Se Vishwas DTVSV Act, broadening its scope beyond appeals, writs, or…
The Income Tax Appellate Tribunal ITAT remanded a case for de novo assessment under Sections 144 and 147 due to non-compliance by the assessee and lack of prejudice to revenue.…
Taxpayers must submit key income tax forms by December 31, 2024, to comply with statutory deadlines. Critical forms include declarations for claiming exemptions, rectifications,…
The Delhi High Court upheld the ITAT's decision to set aside an order pertaining to the India-Singapore DTAA issue due to a lack of opportunity for the assessee to counter…
The Income Tax Appellate Tribunal ITAT remanded a case for de novo assessment under Sections 144 and 147 due to non-compliance by the assessee and lack of prejudice to revenue.…
The Kerala High Court allowed the benefit of a circular under Section 16 2 c of the CGST Act to a taxpayer whose Input Tax Credit ITC was denied. The court ruled that the denial…
The Bombay High Court quashed a case of abetment of suicide filed against a judicial officer. The case arose from allegations that the officer's actions contributed to the suicide…
The Delhi High Court quashed GST proceedings initiated against HCL, an amalgamated company, over the issuance of an invoice to a non-existent entity post-merger. The court ruled…
The Ministry of Corporate Affairs MCA has decriminalized 63 corporate offences and centralized the strike-off process through the Centre for Processing Accelerated Corporate Exit…
Allen, a leading coaching institute, is reportedly in talks to acquire the ed-tech platform Unacademy at a valuation of $800 million. This move signals a significant consolidation…
The Jharkhand High Court upheld the cancellation of a GST registration due to the taxpayer’s lethargic approach in filing an appeal under Section 107 of the CGST Act after a delay…
The Delhi High Court quashed GST proceedings initiated against HCL, an amalgamated company, over the issuance of an invoice to a non-existent entity post-merger. The court ruled…
The Lok Sabha passed the Banking Laws Amendment Bill 2024, aimed at enhancing the regulatory framework for the banking sector. The bill introduces measures to improve governance,…
President Droupadi Murmu addressed IRS officer trainees, urging them to enhance India’s tax administration and adopt a citizen-centric approach. Speaking at the National Academy…
The Ministry of Corporate Affairs MCA has decriminalized 63 corporate offences and centralized the strike-off process through the Centre for Processing Accelerated Corporate Exit…
India’s power sector will require an estimated Rs 1,454 lakh crore in investments by 2027 to meet the growing demand for electricity. This massive investment is aimed at upgrading…
The Union Budget 2025 is expected to introduce key reforms geared toward implementing a new Direct Tax Code DTC . Experts anticipate that the revised DTC will streamline India’s…
Finance Minister Nirmala Sitharaman indicated a possible reduction in GST rates on life and health insurance premiums. Speaking at an industry event, Sitharaman acknowledged…
The Ministry of Finance revealed that 75% of GST revenue comes from the 18% tax slab, underscoring its significance to India’s indirect tax collection. The Finance Minister of…
Central tax officials uncovered a Rs 824 crore GST evasion by cryptocurrency exchanges following extensive investigations. The probe identified multiple instances where exchanges…
India’s power sector will require an estimated Rs 1,454 lakh crore in investments by 2027 to meet the growing demand for electricity. This massive investment is aimed at upgrading…
Antler, a global venture capital firm, has expanded its portfolio in India by adding 30 new startups in 2024. This expansion underscores Antler’s growing focus on the Indian…
PB Fintech, the parent company of Policybazaar, is entering the healthcare sector through the launch of its new subsidiary, Policybazaar Health. This move aims to tap into the…
MapmyIndia, the Indian mapping and geospatial company, faces a governance crisis following issues surrounding a Rs 35 crore fund. Shareholders and stakeholders are concerned over…
This roundup features key updates from the Indian startup ecosystem as of December 4, 2024. It covers various investments, partnerships, and funding rounds, highlighting the…
Apna Mart, a grocery brand backed by Accel and Peak XV, reported an 86% jump in its revenue for FY24. The company’s success is attributed to its aggressive expansion strategy and…
A massive fire broke out at Shiprocket’s warehouse, disrupting the logistics operations of over 60 brands. The fire caused significant damage to inventory, leading to delays and…
Mosambee, a fintech startup, has posted an impressive 87% rise in profits for FY24, reaching revenues of INR 240 crore. This growth is attributed to the company’s successful…
The US Bankruptcy Court is deliberating on potential sanctions against Byju’s content manager, Business Ally, as part of an ongoing legal dispute. The court is examining whether…
Shares of Honasa Consumer, the parent company of Mamaearth, surged by 10% after founder Varun Alagh increased his stake in the company. The move signals confidence in the brand’s…
Allen, a leading coaching institute, is reportedly in talks to acquire the ed-tech platform Unacademy at a valuation of $800 million. This move signals a significant consolidation…
Direct-to-consumer D2C food brand WickedGud has secured INR 20 crore in funding led by Orios Venture Partners and other investors. The company, known for its plant-based snacks…
Enterpret, a customer feedback company, has raised $20.8 million to enhance its AI-driven feedback platform. The funding will help the company expand its services, which are aimed…
Antler, a global venture capital firm, has expanded its portfolio in India, backing 30 startups in 2024. The firm plans to provide financial and strategic support to emerging…
DPIIT has partnered with Moglix to promote manufacturing startups in India. The collaboration aims to provide support to early-stage manufacturing ventures, helping them access…
Ultraviolette, an electric vehicle startup, has raised INR 130 crore from Zoho and other investors. The funding will be used to accelerate the development of its electric…
The Indus Valley, a kitchenware startup, is set to raise INR 23 crore from DSG Consumer Partners. The investment will help the company expand its product line and strengthen its…
The Supreme Court postponed hearing the bail plea of Surendra Gadling, accused in the Bhima Koregaon case, after the state sought an adjournment. Gadling, an activist, is facing…
The Punjab and Haryana High Court granted enhanced pension benefits to the widow of a martyr from the 1965 Indo-Pak War. The case involved a petition for increased pension as the…
The Delhi High Court agreed to hear a petition concerning AI software allegedly stealing artistic works, triggering debates on the intersection of artificial intelligence and…
The Delhi High Court ruled that Louis Vuitton’s trademark on the "Spread Home" brand is valid, protecting the luxury brand’s intellectual property rights. The case involved a…
The Supreme Court ruled that former West Bengal Minister Partha Chatterjee cannot claim parity with other ministers regarding bail. Chatterjee had been arrested in connection with…
The National Company Law Appellate Tribunal NCLAT directed the National Company Law Tribunal NCLT to decide who will be responsible for the dues of Jet Airways to the Mumbai…
The Supreme Court transferred the investigation into assault cases against BJP leader Kabir Shankar Bose to the CBI. The Court took this decision to ensure an impartial and…
The Supreme Court granted bail to Anil Jindal, CMD of SRS Group, who was accused in a case involving the Serious Fraud Investigation Office SFIO . The Court accepted his bail…
The Delhi High Court denied anticipatory bail to a man accused of sexually harassing a minor on Instagram. The accused had allegedly made inappropriate advances toward the minor…
The Madras High Court imposed a cost of Rs 20 lakh on a litigant for filing a frivolous Public Interest Litigation PIL and barred the individual from filing any further PILs for…
The Gauhati High Court directed the Assam government to declare a Christian cemetery as a heritage site, recognizing its historical and cultural significance. The case involved a…
The Rajasthan High Court took suo-motu cognizance of the poor sanitary conditions in public ladies’ washrooms and highlighted the violation of fundamental rights under Article 21,…
The Supreme Court has issued notice in response to a senior advocate’s plea seeking to quash an FIR alleging that he had taken Rs 7 crore from a client to influence judges. The…
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