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A recent survey revealed that 74% of India’s top corporate taxpayers favor near real-time tax reporting and compliance monitoring. Conducted among 250 high-end corporate…
Glance, a consumer technology company, reported a 3.4X growth in revenue from Rs 178 crore in FY22 to Rs 614 crore in FY24. The company’s revenue from operations grew 89%…
BYJU’S US subsidiaries face a ₹250 crore GST demand during insolvency proceedings. The GST authorities issued the demand notice for alleged non-payment of GST on certain…
The Supreme Court questioned the Maharashtra government’s decision to grant e-rickshaw licenses to individuals other than the original handcart pullers in Matheran. The court had…
The Supreme Court directed the Ministry of Finance to submit an affidavit detailing the staff strength at each of the 39 Debt Recovery Tribunals DRTs across India by January 2,…
The Supreme Court transferred the trial of choreographer Remo D’Souza from Ghaziabad, Uttar Pradesh to Delhi. The case involves allegations of cheating and criminal breach of…
BlackBuck’s shares listed at a 2.9% premium over its IPO price. The logistics startup’s strong market debut reflects investor confidence in its business model and growth…
The Supreme Court heard arguments on the constitutional validity of certain provisions of the Maharashtra Control of Organised Crime Act MCOCA and whether additional safeguards…
The Punjab and Haryana High Court granted anticipatory bail to individuals accused of uploading fake GST bills on the portal and wrongfully claiming Input Tax Credit ITC worth ₹25…
The Punjab and Haryana High Court ruled that the GST number of a purchaser in GSTR-1 cannot be rectified after the expiry of the limitation period. The case involved Bar Code…
TBO Tek, a B2B travel portal, won a significant service tax case, with the Customs, Excise and Service Tax Appellate Tribunal CESTAT ruling in its favor. The tribunal set aside a…
The Centre opposed the suggestion by an amicus curiae to form a panel of former Supreme Court judges to address the issue of stubble burning. The Centre argued that the existing…
The Supreme Court expunged adverse remarks made by the High Court against a Sessions Judge in a criminal case. The Supreme Court observed that personal criticism of judicial…
The Allahabad High Court ruled that a writ petition challenging the maintainability of a divorce case under Section 10 of the Family Courts Act is not maintainable. The court held…
The Karnataka High Court dismissed the anticipatory bail plea of Prajwal Revanna, a former Member of Parliament, in a case related to alleged irregularities in land acquisition.…
The Calcutta High Court called for a report from the legal remembrance of the government of West Bengal on whether government retainer counsel can be allowed to appear for accused…
Ola Electric plans to lay off around 500 employees as part of its efforts to achieve profitability. The layoffs will primarily affect non-technical roles, including sales and…
The Delhi High Court directed the Municipal Corporation of Delhi MCD and the Delhi Development Authority DDA to take immediate action against encroachments on public land. The…
The Supreme Court will hear the West Bengal government’s plea to stay the Calcutta High Court’s judgment quashing OBC classifications on December 9. The High Court had cancelled…
The Supreme Court has reserved its order on petitions challenging the inclusion of “socialist” and “secular” in the Preamble to the Constitution, as per the 42nd Amendment of…
The Supreme Court has sought the Gyanvapi Mosque Committee’s response to a plea by Hindu worshippers for an ASI survey of the mosque’s sealed area, where a shivlinga was claimed…
The Supreme Court of India is set to hear a plea by Manish Sisodia seeking relaxation of bail conditions in cases related to the Delhi liquor policy. Sisodia, a senior AAP leader,…
The Kerala High Court has ordered compensation for an advocate who was allegedly tortured in police custody. The court found that the police had violated the advocate’s rights and…
The Delhi High Court has sought responses from authorities regarding alleged illegal activities in the Chandni Chowk redevelopment project. The court was hearing a plea that…
The Delhi High Court directed the Transfer Pricing Officer TPO to re-evaluate the functional dissimilarity objections raised by an assessee in a transfer pricing case. The court…
The Kerala High Court ordered further investigation into remarks made by Minister Saji Cherian, which allegedly disrespected the Constitution. The court noted that post-2003…
The Allahabad High Court granted 10 days to Aligarh Muslim University AMU to respond to a PIL seeking the resumption of student union elections. The PIL, filed by an LLM student,…
The Delhi High Court ruled that constructing a structure of plywood sheets cannot be considered building a residential house for claiming capital gains exemption under Section 54…
The Kerala High Court quashed a case against Goa Governor Sreedharan Pillai for remarks supporting the denial of women’s entry to Sabarimala Temple. The court found that Pillai’s…
The Calcutta High Court has observed that it is high time that irretrievable breakdown of marriage is recognized as a ground for divorce under Indian law. The court suggested that…
The Reserve Bank of India RBI has notified the fourth amendment to the Foreign Exchange Management Foreign Currency Accounts by a Person Resident in India Regulations, 2024. The…
The Securities and Exchange Board of India SEBI has notified the second amendment to the SEBI Buy-Back of Securities Regulations, 2024, introducing significant changes to the…
The Securities and Exchange Board of India SEBI has notified the Alternative Investment Funds Fifth Amendment Regulations, 2024, introducing several key changes to the regulatory…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has set aside a service tax demand issued in 2007 for the period 1997-98, citing the retrospective amendment as…
The Chennai Bench of the Income Tax Appellate Tribunal ITAT has remanded a case to the Commissioner of Income Tax Appeals CIT A for a fair hearing, citing denial of natural…
The Chennai Bench of the Income Tax Appellate Tribunal ITAT upheld the deletion of a ₹4 crore addition for unexplained expenditure under Section 69C of the Income Tax Act, 1961.…
The Income Tax Appellate Tribunal ITAT , Bangalore Bench, has clarified that penalties levied under the Value Added Tax VAT cannot be claimed as a deduction under Section 37 of…
The Income Tax Department has mandated the electronic filing of selected forms under Rule 131 of the Income Tax Rules, 1962, effective from November 22, 2024. The notification…
The Securities and Exchange Board of India SEBI has withdrawn the Master Circular No. SEBI/HO/OIAE/IGRD/P/CIR/2022/0151, which required a No Objection Certificate NOC for the…
The Central Board of Indirect Taxes and Customs CBIC has allowed the temporary manual submission of IGCR-3 Statements for importers facing difficulties with electronic filing.…
The Central Board of Indirect Taxes and Customs CBIC has issued detailed clarifications on the applicability of concessional duty under the Customs Import of Goods at Concessional…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has allowed Ambuja Cements to claim CENVAT credit for service tax paid on outward transportation under the reverse…
The Income Tax Appellate Tribunal ITAT has dismissed an appeal filed by the revenue department, citing that the tax effect involved was below the Rs. 60 lakh threshold set by the…
The Kerala High Court has set aside an order passed under Section 148 of the Income Tax Act, 1961, due to the failure to consider the reply to the show cause notice SCN issued to…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has upheld an order in favor of Barclays Global Service Center, ruling that service tax is not leviable on notice…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that the sale of food items by take-away outlets is not liable to service tax. This decision was made in…
The state government is set to announce a GST reimbursement framework for handloom weavers to support the traditional handloom industry. This initiative aims to alleviate the…
Zepto raised $350 million from domestic investors, marking another significant funding round for the quick commerce startup. The investment will be used to expand Zepto’s…
CBI Interrogates Auditing Firm Employee Gaurav Mehta in Maharashtra Bitcoin Scam: The Central Bureau of Investigation CBI interrogated Gaurav Mehta, an employee of an auditing…
Economy, Banking, Insurance Bills May Top Economic Agenda of Winter Session: The upcoming winter session of the Indian Parliament is expected to focus on key economic, banking,…
A recent survey revealed that 74% of India’s top corporate taxpayers favor near real-time tax reporting and compliance monitoring. Conducted among 250 high-end corporate…
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