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The Income Tax Appellate Tribunal ITAT ruled that GST cannot be included while computing deemed income under Section 44B of the Income Tax Act. This decision clarifies that GST…
A salaried individual’s bank account was frozen by GST intelligence authorities due to suspected tax evasion. The individual sought information under the Right to Information RTI…
Meta, the parent company of WhatsApp, plans to appeal a ₹213 crore fine imposed by the Competition Commission of India CCI over WhatsApp’s 2021 privacy policy update. The CCI…
The Patna High Court ruled that employers must explore alternative posts for compassionate appointments if the applicant is not eligible for a specific post. The case involved a…
The Allahabad High Court ruled that bidders cannot challenge auction results after inspecting the property. The court emphasized that once bidders have inspected the property and…
A Raipur Court denied bail to former Chhattisgarh Advocate General Satish Chandra Verma, accused of criminal conspiracy and corruption during his tenure. Verma, who served as AG…
The Delhi High Court allowed the continuation of an FIR against Matrix Cellular for allegedly selling substandard oxygen concentrators during the COVID-19 pandemic. The court…
The Kerala High Court ordered the Pollution Control Board to take action against unregistered plastic manufacturers. The court emphasized the need for strict enforcement of…
The Delhi High Court dismissed a plea by Sanjay Bhandari, challenging his prosecution under Section 51 1 of the Black Money Act, independent of tax liability assessment under…
The All India Consumer Products Distributors Federation AICPDF flagged concerns over unsold inventory of Honasa Consumer, the parent company of Mamaearth, worth INR 300 crore. The…
Zomato extended its lead over Swiggy in the food delivery market, capturing a 58% market share. The company’s growth was driven by strategic investments in technology, customer…
The Kerala High Court directed the Women’s Commission to formulate guidelines to regulate the Malayalam film industry. The court emphasized the need for a structured framework to…
The Rajasthan High Court clarified the principles for suit valuation and property market value in legal disputes. The court emphasized that the valuation of a suit should be based…
The Allahabad High Court ruled that an agreement to sell immovable property in Uttar Pradesh must be registered to create any right, title, or interest in the property. The court…
The Kerala High Court ruled that waving a black flag at the Chief Minister’s convoy does not constitute defamation. The court emphasized that such actions are a form of protest…
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…
SolarSquare, a solar energy startup, is set to triple its valuation with fresh funding. The company plans to use the new capital to expand its operations, enhance its product…
A PMO advisor emphasized the need to lower the Goods and Services Tax GST on electric vehicle EV batteries and charging infrastructure. The advisor argued that reducing the GST…
Apple India reported a 23% increase in net profit to Rs 2,746 crore for FY24, with total revenue rising to Rs 67,152 crore, marking a 36% growth from the previous year. The…
The Madhya Pradesh High Court allowed the plea of an NIT Bhopal Assistant Professor against his dismissal for sexual harassment, citing violations of natural justice and…
Zee Entertainment secured a dynamic John Doe order to protect against digital piracy. The order allows Zee to take proactive measures against unidentified individuals or entities…
The Rajasthan High Court quashed the compulsory retirement of Additional District & Sessions Judge Amar Singh, ruling that the disciplinary proceedings were flawed. The court…
The Gujarat High Court dismissed a PIL challenging the teaching of the Bhagwad Gita in schools, finding no evidence of propaganda or violation of secular principles. The court…
The NCLAT stayed the company-wide insolvency process against Raheja Developers, allowing the company to continue its operations. The court found that the insolvency proceedings…
Ferns N Petals, a leading gifting and flower delivery company, crossed Rs 700 crore in revenue for FY24, with losses dropping by 78%. The company’s improved financial performance…
Amazon Business announced its “Business Value Days” sale, offering discounts of up to 70% on a wide range of products. The sale aims to attract small and medium-sized enterprises…
ICICI Bank revised its rewards program for utility, insurance, and grocery payments. The new program offers enhanced rewards and cashback options for customers using ICICI Bank…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT directed the adjudicating authority to recalculate differential duty based on Central Board of Indirect Taxes and…
The Bombay High Court heard a plea by former ICICI Bank CEO Chanda Kochhar challenging the Serious Fraud Investigation Office’s SFIO questioning outside office hours. Kochhar…
Wockhardt Chairman Habil Khorakiwala has called for a Goods and Services Tax GST exemption for antibiotics discovered in India. He argues that such an exemption would encourage…
Defence Public Sector Undertaking PSU BEML has secured an order worth ₹246.78 crore from Central Coalfields Limited CCL . The order involves the supply of mining equipment,…
The Indian government has initiated measures to expedite visa approvals for Chinese technicians, providing relief to companies under the Production Linked Incentive PLI scheme.…
The GST Fitment Committee is reviewing the tax treatment of delivery charges by food delivery platforms like Swiggy and Zomato. The Directorate General of GST Intelligence DGGI…
A daily wager in India faces a shocking ₹1.08 crore GST penalty due to identity theft. The individual, whose identity was stolen, was unaware of the fraudulent activities…
The Central Board of Direct Taxes CBDT has urged taxpayers with foreign income or assets to rectify discrepancies in their income tax returns by December 31, 2024. Using the…
Inflows into Non-Resident Indian NRI deposits nearly doubled to $10.2 billion in the first half of FY25, according to the Reserve Bank of India RBI . This significant increase…
The Reserve Bank of India RBI net purchased $8.52 billion of US dollars in the first half of FY25, according to the central bank’s bulletin. This move is part of the RBI’s…
Nippon India Mutual Fund has launched two new passive funds tracking the auto and realty sectors. These funds aim to provide investors with exposure to these specific sectors,…
India is likely to exceed its capital expenditure capex target of ₹11.1 trillion for FY25, according to Economic Affairs Secretary Ajay Seth. He emphasized that there is no…
The Indian IPO market saw a surge in September, with 47 companies raising over Rs 16,000 crore. Of these, 61% of the companies are trading above their issue price, indicating…
Indian insurtech funding dropped by 40% in 2023, but the sector showed multifold growth in revenue. The decline in funding is attributed to the global economic slowdown and…
ICICI Bank revised its rewards program for utility, insurance, and grocery payments. The new program offers enhanced rewards and cashback options for customers using ICICI Bank…
Deepinder Goyal, founder of Zomato, launched a new initiative called “Chief of Staff” with a starting salary of Rs 20 lakh per annum. The role is designed to support the executive…
Netcore, a marketing technology company, raised $100 million in a funding round led by a global investment firm. The funds will be used to expand Netcore’s product offerings,…
The Securities and Exchange Board of India SEBI is considering stricter rules for SME IPOs, including a proposal to increase the minimum application size. The proposed changes aim…
Yubi, a fintech company, announced its acquisition of NBFC Factor India to expand its trade finance operations. The acquisition aims to enhance Yubi’s capabilities in providing…
Amazon Business announced its “Business Value Days” sale, offering discounts of up to 70% on a wide range of products. The sale aims to attract small and medium-sized enterprises…
Ferns N Petals, a leading gifting and flower delivery company, crossed Rs 700 crore in revenue for FY24, with losses dropping by 78%. The company’s improved financial performance…
Dezerv, a wealth management platform, reported Rs 26 crore in revenue for FY24 but incurred a loss of Rs 75 crore. The company’s losses widened due to increased spending on…
Apple India reported a 23% increase in net profit to Rs 2,746 crore for FY24, with total revenue rising to Rs 67,152 crore, marking a 36% growth from the previous year. The…
The Income Tax Appellate Tribunal ITAT ruled that GST cannot be included while computing deemed income under Section 44B of the Income Tax Act. This decision clarifies that GST…
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