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The Kerala High Court dismissed actor Suresh Gopi's plea to release an Electronic Voting Machine EVM seized during an election dispute. Gopi sought the EVM’s release for personal…
The Madras High Court stayed a single judge order that had directed a CBI probe into the alleged sale of church property. The case involved allegations of unauthorized sale and…
The Supreme Court cautioned courts against over-implicating distant relatives of husbands in exaggerated cases under Section 498A of the IPC, which deals with cruelty towards a…
The National Company Law Appellate Tribunal NCLAT ruled that a corporate debtor cannot be considered an “aggrieved party” under Section 61 of the Insolvency and Bankruptcy Code…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that service tax is not leviable for customer support services rendered to a parent company. The case involved…
The Ministry of Corporate Affairs MCA has tasked the Hyderabad Registrar of Companies ROC with conducting a financial probe into Byju's, focusing on its financial records. The…
RBI Deputy Governor Rajeshwar Rao stressed the need for scaling up the size of India’s financial institutions to meet the country’s growing economic demands. He highlighted that…
India’s Deputy Governor of the Reserve Bank of India RBI , Rajeshwar Rao, highlighted the complexities of interconnected non-banking financial companies NBFCs and stressed the…
The Supreme Court ruled that religious conversion solely to avail reservation benefits without genuine belief constitutes a fraud on the Constitution. The court held that such…
The National Company Law Appellate Tribunal NCLAT ruled that a petition filed under Section 9 of the Insolvency and Bankruptcy Code IBC cannot be rejected on the grounds of a…
Haryana RERA Real Estate Regulatory Authority directed Ansal Housing to pay interest on the delay in delivering possession of a property and provide the buyer with an offer for…
NBCC India Limited has won a ?316 crore project to upgrade school hostels across Odisha. The project, awarded by the Odisha state government, involves modernizing hostel…
Waaree Renewable Technologies has secured a solar power project worth ?1,233 crore, marking a significant milestone for the company. The project involves designing, engineering,…
Aster DM Healthcare has agreed to acquire the remaining 13% stake in Prerana Hospital, solidifying its ownership to 100%. The acquisition is part of Aster’s strategy to…
The India-led International Solar Alliance ISA has announced solar energy projects in Indo-Pacific nations, including Fiji, Comoros, Madagascar, and Seychelles. These initiatives…
The Income Tax Appellate Tribunal ITAT directed the Commissioner of Income Tax Appeals to reconsider a tax appeal dismissed due to a delay of 208 days. The case involved an appeal…
The Delhi High Court ruled that writ jurisdiction cannot be invoked to challenge an arbitral award solely to circumvent the statutory requirements of Section 19 of the Micro,…
The National Company Law Appellate Tribunal NCLAT ruled that a corporate debtor cannot be considered an “aggrieved party” under Section 61 of the Insolvency and Bankruptcy Code…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that service tax is not leviable for customer support services rendered to a parent company. The case involved…
The Chhattisgarh High Court granted bail to individuals accused of GST evasion involving fraudulent Input Tax Credit ITC claims of Rs 63.37 crores through fake bills. The case…
The Kerala High Court refused to condone the four-year delay in filing an appeal under the CGST Act, despite the assessee’s medical condition. The petitioner had cited illness as…
The Income Tax Appellate Tribunal ITAT remanded a case involving the tax exemption claim under Section 10 26AAA of the Income Tax Act for a Sikkimese assessee. The assessee had…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT allowed a customs duty exemption for the use of recombinant DNA r-DNA technology in the manufacturing of insulin for…
The Institute of Chartered Accountants of India ICAI has proposed mandatory qualifications for professionals involved in forensic audits. The move aims to enhance the quality of…
The Kerala High Court refused to condone the four-year delay in filing an appeal under the CGST Act, despite the assessee’s medical condition. The petitioner had cited illness as…
The Income Tax Appellate Tribunal ITAT upheld the addition of income under section 41 1 of the Income Tax Act, where the borrower retained liability even after the lender wrote…
Foxconn, a global electronics manufacturer, is negotiating with Tamil Nadu’s state government to expand its battery production facilities in India. The move aligns with Foxconn's…
GST collections from the healthcare and life insurance sectors in India saw a significant increase, reaching over Rs 16,000 crore in FY24. This growth highlights the expanding…
The Ministry of Finance has notified amendments to the jurisdiction of the GST Appellate Tribunal GSTAT , enhancing its role in resolving GST disputes. The changes include…
The Central Board of Direct Taxes CBDT has released a set of Frequently Asked Questions FAQs regarding the PAN 2.0 project. The initiative aims to simplify and enhance the process…
The Central Board of Direct Taxes CBDT has officially recognized the Skan Research Trust as a research association, thus enabling it to claim tax deductions under Section 35 of…
The National Financial Reporting Authority NFRA has approved 40 new auditing standards and quality management rules specifically tailored for Limited Liability Partnerships LLPs .…
Nykaa, a prominent Indian e-commerce platform, acquired a majority stake in Earth Rhythm, a direct-to-consumer D2C skincare brand. The strategic partnership aligns with Nykaa's…
The Goods and Services Tax Network GSTN has issued an advisory addressing the reporting of Tax Deducted at Source TDS by metal scrap dealers in GST returns. The advisory provides…
The Telangana High Court has ruled that depreciation, as granted under the Income Tax Act, must be deducted while determining the accumulated profits of a company. The ruling…
The GST Council will review the report submitted by the Group of Ministers GoM concerning health insurance, as announced by the Finance Ministry. The GoM report recommends…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that an appeal under Section 129A 3 of the Customs Act must be filed within three months of the communication…
The Finance Minister is set to table the Banking Laws Amendment Bill before Parliament, which aims to bring significant changes to the regulatory framework for banks in India. The…
Dabur India has been served with a GST demand notice for Rs 320.6 crore related to alleged non-compliance with GST laws. The demand pertains to discrepancies in Dabur's GST…
India is planning to introduce changes to its insurance laws, including provisions for unified licenses and higher foreign direct investment FDI limits. The proposed reforms aim…
GST collections from the healthcare and life insurance sectors in India saw a significant increase, reaching over Rs 16,000 crore in FY24. This growth highlights the expanding…
The Ministry of Finance has notified amendments to the jurisdiction of the GST Appellate Tribunal GSTAT , enhancing its role in resolving GST disputes. The changes include…
The Central Board of Direct Taxes CBDT has officially recognized the Skan Research Trust as a research association, thus enabling it to claim tax deductions under Section 35 of…
An Indian-origin investment banker claimed to earn a salary of ?3 crore annually in London, sparking debate on social media about the plausibility of such income levels. The…
SEBI has introduced mark-to-market valuation for repo transactions by mutual funds, aligning with global standards to improve transparency and accuracy in asset valuations. The…
The stock market on November 27, 2024, witnessed mixed activity, with key indices showing marginal gains amid global uncertainties. While some sectors like IT and FMCG registered…
Adani Green Energy and Adani Energy stocks have been placed under the Additional Surveillance Measure ASM Stage 1 category by regulatory authorities. This classification requires…
The Punjab and Haryana High Court imposed a ?10,000 cost on a woman who accused a judge of bias in a domestic violence DV case after losing her appeal. The court found her…
The National Financial Reporting Authority NFRA has approved 40 new auditing standards and quality management rules specifically tailored for Limited Liability Partnerships LLPs .…
The GST Council will review the report submitted by the Group of Ministers GoM concerning health insurance, as announced by the Finance Ministry. The GoM report recommends…
The Kerala High Court dismissed actor Suresh Gopi's plea to release an Electronic Voting Machine EVM seized during an election dispute. Gopi sought the EVM’s release for personal…
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