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The Income Tax Appellate Tribunal dismissed a firm’s appeal challenging the taxability of undisclosed cash and stock detected during a survey. It held that failure to reconcile…
Bussy Anand, general secretary of the Tamilaga Vettri Kazhagam TVK , withdrew his second anticipatory bail plea before the Madras High Court in the Karur stampede case. The…
Accel Partners and Prosus plan to deepen their investments in India’s early-stage tech ecosystem, with a focus on AI, fintech, and consumer apps.
The Bombay High Court held that allegations of document forgery cannot be examined at the interim custody stage in a vehicle loan dispute. The issue was limited to determining…
The Allahabad High Court stayed GST proceedings on a lease deed executed before GST’s implementation, holding that the tax cannot apply retrospectively. The Bench clarified that…
The Finance Minister strongly condemned instances of corruption within the Central Board of Indirect Taxes and Customs CBIC following the exposure of a major bribery case…
The Orissa High Court ruled that once a Magistrate accepts a closure report in a General Register case, they cannot later take cognizance of the same matter without new material…
The Punjab & Haryana Bar Council sought an explanation from the Bar Association Secretary for sending an appreciation letter to the Chief Justice regarding senior advocate…
YouTuber Ajeet Bharti approached the Punjab & Haryana High Court seeking protection from coercive measures over his remarks on CJI B.R. Gavai. The petition followed a…
The Karnataka High Court quashed an FIR for rape filed by a woman against a man she met on the Bumble dating app, holding that the relationship was consensual. The Court…
Zerodha will allow Indian investors to buy US stocks through its GIFT City unit, expanding access to global markets and leveraging India’s offshore financial hub.
The Telangana High Court held that a secured creditor’s e-auction sale cannot be protected under Rule 9 of the Security Interest Enforcement Rules, 2002 if material facts are…
The Gauhati High Court granted interim protection from coercive action to journalist Abhisar Sharma in connection with a complaint allegedly made by Assam Chief Minister Himanta…
The ITAT annulled block assessment proceedings under Section 153C, holding that the satisfaction note was defective and non-specific. It ruled that procedural compliance is a…
The Madras High Court directed the Tamil Nadu government to issue a Standard Operating Procedure SOP within ten days to regulate public gatherings following the tragic Karur…
Dunzo’s cofounder Kabeer Biswas is stepping down from Flipkart’s quick-commerce vertical, signaling possible strategic restructuring.
Lenskart has filed its Red Herring Prospectus RHP with SEBI for a highly anticipated IPO scheduled to open on October 31. The eyewear giant aims to raise around ₹6,000 crore…
The Kerala High Court clarified the legal validity of “khula” divorce initiated by a Muslim wife , stating that it is valid only when the wife expresses clear intention to…
Hydgen raised $5 million to expand its green hydrogen production capacity, reflecting investor focus on clean energy and decarbonization.
Paytm has launched UPI access for NRIs in 12 countries, marking a step toward globalising India’s payment infrastructure and aligning fintech innovation with RBI’s cross-border…
Stanza Living is set to raise $32 million from Accel and Motilal Oswal, highlighting India’s prop-tech investment trends and challenges in the co-living market.
This roundup article provides a concise digest of five prominent news items for October 27, including the Chief Justice’s recommendation of Justice Surya Kant as successor, a…
Stanza Living plans to raise $32 million from Accel and Motilal Oswal in a down-round valuation to expand its co-living operations.
Wealthy posted a 72% revenue jump in FY25, reaching ₹28.5 crore, but widened losses to ₹35 crore, reflecting higher marketing and tech costs.
The ITAT ruled that documented stock-exchange transactions cannot be disregarded by the Tax Department based on mere presumptions of bogus trading. It held that once investments…
The Finance Ministry is formulating a credit support initiative for Micro, Small, and Medium Enterprises MSMEs impacted by recent 50% tariffs imposed by the United States on…
The Supreme Court stayed a GST assessment order that classified a Joint Development Agreement JDA as a “supply,” issuing notice to the Centre and GST Council. The Bench observed…
Dailyhunt’s parent company, Verse Innovation, appointed Prakashan Manikoth as its new Group CFO to strengthen financial governance and growth strategy.
Dunzo cofounder Kabeer Biswas is reportedly in talks to join BigBasket after resigning from Flipkart Minutes, continuing his journey in quick commerce.
Both Curefoods and Milky Mist have received SEBI’s approval to go public, marking a strong IPO season for Indian food and dairy brands.
Authorities have unearthed a massive ₹70 crore Goods and Services Tax GST fraud involving the misuse of stolen PAN and Aadhaar credentials. The perpetrators created fake firms and…
During a series of inspections, the State GST Department discovered significant turnover suppression amounting to ₹157.87 crore in multiple restaurants. The inspections revealed…
This article reports a CESTAT Principal Bench, New Delhi classification ruling in an appeal by Aisin Automotive Haryana Pvt. Ltd. concerning imported “Cap Sub-Assembly for Door…
The article summarises an Authority for Advance Ruling AAR decision on whether GST credit input tax credit is admissible for mandatory canteen services provided by an employer.…
This piece covers an AAR determination on the classification of honeycomb packaging material. The AAR was called upon to decide whether the product should be classified as…
The Institute of Chartered Accountants has issued new FAQs under the Unique Document Identification Number UDIN framework to clarify the scope of auditor opinions and…
The Madras High Court recently held that cryptocurrencies constitute “property” under Indian law, impacting taxation, asset recovery, and insolvency proceedings.
Amazon announced that its Indian exporters have achieved $20 billion in cumulative exports via the Amazon Global Selling program, targeting $80 billion by 2030.
Justice Surya Kant’s reflections on the “Invisible Victims Doctrine” emphasize human fairness in taxation. He argues that technical rigidity often blinds adjudicators to equity…
Curefoods, a cloud kitchen startup, has received SEBI approval for its ₹800 crore IPO, including a fresh issue and an OFS of 4.85 crore equity shares.
The Supreme Court criticized the Delhi Police for failing to file timely replies in the bail petitions of Umar Khalid and Sharjeel Imam in the Delhi riots conspiracy case. The…
The outgoing Chief Justice of India, B. R. Gavai, has formally recommended his Supreme Court colleague, Surya Kant, as his successor, in line with the convention of appointing the…
The Supreme Court has issued notices to Chief Secretaries of several States regarding the stray-dog menace, seeking reports and proposing uniform guidelines for population control…
The Supreme Court has proposed a CBI-led probe into alarming “digital arrest” scams, directing all States to provide data on FIRs and prosecutions. It emphasized the need for…
A Jammu & Kashmir court sentenced a man to life imprisonment for repeatedly raping his minor daughter, calling it a betrayal of parental trust. The court emphasized severe…
The Madras High Court ruled that even arbitration panels composed of family elders must adhere to natural-justice principles such as fair hearing, impartiality, and reasoned…
The article discusses India’s quick-commerce trend, focusing on PharmEasy’s business model, its sustainability issues, and the hidden legal and regulatory risks in the…
The Authority for Advance Rulings AAR held that small packaged shrimp units meant for export are taxable as retail goods under GST. The ruling increases compliance burdens for…
This article profiles Justice Surya Kant following a recommendation by CJI B R Gavai that Justice Kant succeed him as Chief Justice of India. It outlines Justice Kant’s judicial…
The Election Commission announced a comprehensive initiative to update the electoral rolls across 12 States and Union Territories under the Standardized Integrated Roll SIR…
The Income Tax Appellate Tribunal dismissed a firm’s appeal challenging the taxability of undisclosed cash and stock detected during a survey. It held that failure to reconcile…
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