The Supreme Court ruled that restrictions under the Graded Response Action Plan GRAP IV will continue in the National Capital Region NCR even if the Air Quality Index AQI falls…
18/11/20241 min read
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The Supreme Court ruled that restrictions under the Graded Response Action Plan GRAP IV will continue in the National Capital Region NCR even if the Air Quality Index AQI falls…
The Supreme Court directed the Enforcement Directorate ED to provide data on the number of complaints filed under the Prevention of Money Laundering Act PMLA that have resulted in…
The Supreme Court expressed displeasure over a comment made by a lawyer from the Delhi High Court Bar Association regarding women’s representation. The comment, made during a…
The Supreme Court criticized ICICI Bank for not defreezing the bank accounts of NewsClick despite a stay on tax recovery steps. The case involved a dispute over the freezing of…
The Supreme Court held that an order setting a deadline on Balwant Singh’s mercy plea was issued after a request from the Solicitor General. The case involved a mercy plea filed…
The Supreme Court sought the Union government’s response on a Public Interest Litigation PIL regarding the lack of presiding officers in 11 Debt Recovery Tribunals DRTs . The PIL…
The Supreme Court of India upheld a settlement deed requiring the transferee to care for the transferors and perform charitable activities, ruling that consideration need not be…
The Income Tax Appellate Tribunal ITAT ruled that capital subsidy should be reduced for the computation of book profit under Section 115JB of the Income Tax Act. The case involved…
The Allahabad High Court criticized the lawyer of an accused under the Prevention of Money Laundering Act PMLA for sending emails to the investigating officer, calling it improper…
The Delhi High Court granted relief to Discovery Communications India by halting the reopening of an assessment beyond four years without fulfilling essential requirements. The…
The Income Tax Appellate Tribunal ITAT ruled in favor of the assessee, striking down the taxation of a loan in an incorrect assessment year. The case involved a taxpayer who had…
The article discusses the importance of transparent disclosure of foreign assets and income for Indian taxpayers under the Common Reporting Standard CRS and the Foreign Account…
The Income Tax Appellate Tribunal ITAT remanded a matter to the Commissioner of Income Tax Appeals CIT A for a fresh hearing, allowing the assessee another opportunity to explain…
The Bombay High Court directed the Directorate General of Foreign Trade DGFT to pay Rs 50,000 in costs to Larsen & Toubro L&T over issues with the DGFT’s online portal. The case…
The Income Tax Appellate Tribunal ITAT dismissed an appeal as withdrawn pending the outcome of an application under the Vivad se Vishwas Scheme. The case involved a taxpayer who…
The Income Tax Appellate Tribunal ITAT remanded a case for verification of unexplained investment and loss set-off due to insufficient evidence. The case involved a taxpayer who…
The Income Tax Department warned taxpayers to revise their Income Tax Returns ITR to include foreign assets or face a penalty of Rs 10 lakh. This warning is part of the…
The Income Tax Appellate Tribunal ITAT upheld the reopening of an assessment under Section 147 of the Income Tax Act, citing sufficient reasons and compliance with the limitation…
The Solicitor General SG of India issued a legal opinion stating that the government is the sole authority on setting audit standards, dealing a setback to the Institute of…
The GST Network GSTN issued an advisory on GSTR-2B and the Invoice Management System IMS . It highlighted that GSTR-2B for October 2024 was not generated for some taxpayers due to…
The Central Bureau of Investigation CBI arrested two assistant accounts officers of the Central Board of Direct Taxes CBDT in Panaji for allegedly demanding and accepting a bribe.…
The Indian government highlighted a significant shift in the tax burden and an increase in the taxpayer base over the last decade. The report emphasizes the government’s efforts…
The Central Board of Direct Taxes CBDT launched a Compliance-Cum-Awareness Campaign for Assessment Year AY 2024-25 to help taxpayers accurately report foreign assets and income.…
The GST Network GSTN issued an advisory on GSTR-2B and the Invoice Management System IMS . It highlighted that GSTR-2B for October 2024 was not generated for some taxpayers due to…
The Karnataka High Court ruled that a sworn affidavit is not mandatory for filing private complaints under Section 138 of the Negotiable Instruments Act. The court clarified that…
The Delhi High Court Bar Association DHCBA criticized the Supreme Court’s conduct regarding the reservation for women lawyers. The DHCBA expressed disappointment over the Supreme…
Ola Consumer has initiated the process to become a public company, setting the stage for its IPO. The company has restructured its operations and governance to comply with…
Zomato’s shares jumped 1.74% after Morgan Stanley projected the stock as a potential doubler. The investment bank’s positive outlook on Zomato’s growth prospects boosted investor…
Hyundai Motor India is betting big on CNG models, anticipating growing demand across both rural and urban markets. The company plans to expand its CNG vehicle lineup and enhance…
The Jammu and Kashmir High Court questioned the state’s failure to evict former ministers and MLAs from official bungalows, emphasizing the need for strict adherence to eviction…
The Bombay High Court allowed the resumption of flower offerings at the Shirdi Sai Baba Temple, provided the flowers are purchased directly from farmers and sold at reasonable…
The Madras High Court directed the reassessment of Huawei Telecom’s add-on imports from China within the valid period, ruling that an expired notification cannot be extended. The…
Debt mutual funds in India logged an inflow of Rs 1.57 lakh crore in October, driven by investments in liquid schemes. The surge in inflows is attributed to investors seeking…
Tata has sealed a deal with Pegatron to set up an iPhone manufacturing plant in Tamil Nadu, India. This move is part of Tata’s strategy to expand its presence in the electronics…
Sirius India Airlines is looking to raise USD 100 million to fund its expansion plans. The airline aims to enhance its fleet, improve operational efficiency, and expand its…
After completing the Disney merger, Mukesh Ambani acquired another company for Rs 280 crore. The newly acquired company gained popularity due to its innovative business model and…
The past week saw significant developments in the tech and business sectors, including the Reliance-Disney merger and job cuts at major companies like AMD, Boeing, and Siemens.…
RBI Governor Shaktikanta Das stated that the Indian economy is capable of handling global shocks, citing strong macroeconomic fundamentals and robust foreign exchange reserves. He…
Analysts predict that Foreign Institutional Investor FII trading activity and global trends will dictate the direction of Indian equity markets in the coming week. Key factors…
Indian coffee growers received a respite as the EU Parliament granted more time for compliance with the European Union Deforestation Regulation EUDR . The extension allows growers…
The Lok Sabha Speaker praised the Comptroller and Auditor General CAG for its proactive adoption of emerging technologies, enhancing transparency and accountability. The Speaker…
Several banks, including SBI, PNB, Canara, HDFC, and ICICI, are offering high interest rates on 1-year fixed deposits, making them attractive options for investors. The interest…
The Indian rupee could face further depreciation due to the strengthening US dollar, posing a new challenge for the Reserve Bank of India RBI . Experts suggest that the RBI may…
BYJU’S is facing insolvency proceedings as the Directorate General of GST Intelligence DGGI seeks to recover INR 250 crore in unpaid GST. The edtech giant has been under scrutiny…
Neobanking startup Jupiter spent nearly INR 10 to earn every rupee in FY24. Despite this, the company managed to narrow its net loss by 16% to INR 275.94 crore, with operating…
PB Fintech, the parent company of Policybazaar, has allotted around 27 lakh equity shares under its Employee Stock Option Plan ESOP 2021. This move is part of the company’s…
Zomato has launched the ‘District’ app for both Android and iPhone users. This app aims to enhance the ‘going-out’ experience by allowing users to discover and book restaurants,…
Between November 11 and 16, Indian startups raised $185.8 million across 21 deals, marking a 49% increase from the previous week. This surge in funding highlights growing investor…
The Bombay High Court criticized a trial court for relying on the Mahabharata to award a death sentence in a multi-murder case. The High Court found the reasoning “strange” and…
The Karnataka High Court clarified the process for foreign law degree holders to enroll in India, stating that they must complete a bridge course as prescribed by the Bar Council…
The Supreme Court ruled that restrictions under the Graded Response Action Plan GRAP IV will continue in the National Capital Region NCR even if the Air Quality Index AQI falls…
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