The Supreme Court has taken cognizance of the illegal occupation of a medieval tomb by the Defence Colony Welfare Association, based on a report by the CBI and expert Shaikh Ali…
14/11/20241 min read
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The Supreme Court has taken cognizance of the illegal occupation of a medieval tomb by the Defence Colony Welfare Association, based on a report by the CBI and expert Shaikh Ali…
The Supreme Court has stayed the High Court order transferring the probe into the Jharkhand Assembly appointments scam to the Central Bureau of Investigation CBI . The stay order…
The Supreme Court has issued a notice in a contempt plea against the use of spikes, fireballs, and mashals on elephants in West Bengal. The plea alleges that these practices…
The Supreme Court has set aside the removal of a woman Sarpanch from Chhattisgarh and ordered an inquiry into the circumstances of her removal. The Court found that due process…
A plea in the Supreme Court seeks mandatory disclosure of medicine risks by medical professionals. The petition argues that patients have a right to be fully informed about the…
The Supreme Court will hear a plea from acid attack survivors challenging the requirement of a live photograph for the e-KYC process. The petitioners argue that the mandatory live…
The Supreme Court has expressed concern over the reluctance of Punjab and Haryana to prosecute officials violating the Commission for Air Quality Management CAQM orders regarding…
The Supreme Court ruled that Article 14, which guarantees the right to equality, cannot be used to repeat an illegality committed in favor of someone. The court clarified that any…
The Supreme Court has ruled that compassionate appointment is not a vested right. This ruling clarifies that compassionate appointments are provided to alleviate the immediate…
The Supreme Court has released a new subject-wise roster, effective from November 11. This roster allocates cases to different benches based on subject matter, ensuring a more…
The Supreme Court has ruled that the right to shelter is a facet of the right to life under Article 21 of the Constitution. The judgment, in the 'bulldozer matter,' emphasizes…
GSTN has released an advisory concerning the initial phase of the Invoice Matching System IMS implementation. This advisory provides guidelines for businesses to adapt to the new…
The GST portal's new Invoice Matching System IMS aims to address discrepancies in Input Tax Credit ITC claims and reduce related litigation. By enhancing the accuracy of invoice…
The GST Network GSTN has issued an advisory on the introduction of the Invoice Matching System IMS for supplier views. This system aims to enhance transparency and accuracy in…
The Authority for Advance Rulings AAR ruled that penalties imposed by the Reserve Bank of India RBI…
The Madras High Court granted an opportunity to a taxpayer to explain discrepancies between their GSTR-1 and GSTR-3B forms, given that 75% of the disputed GST had already been…
The ITAT ruled that the entire bank credit should be treated as business receipts for income estimation under Section 44AD of the Income Tax Act. The tribunal found that the…
The CESTAT ruled in favor of Hyundai Motors, stating that there was no suppression of facts or wilful mis-statement in their case, and hence, no penalty or redemption fine could…
The ICAI has requested the Ministry of Corporate Affairs MCA to review the proposed changes to audit standards by the National Financial Reporting Authority NFRA . ICAI raised…
The ITAT remanded a case to the Commissioner of Income Tax Appeals CIT A for reassessment, allowing the assessee another opportunity to substantiate a cash credit of Rs 51.20…
The CESTAT granted excise duty exemption for Domestic Tariff Area DTA clearances, emphasizing the importance of proper record maintenance and the non-applicability of Special…
The Delhi High Court ruled that a demand order for Tax Deducted at Source TDS violations issued in the name of a previous company is rectifiable under Section 292B of the Income…
The Institute of Chartered Accountants of India ICAI has announced the release of Mock Test Papers Series I & II for students preparing for the CA Foundation exams scheduled in…
The ITAT remanded a case back to the Assessing Officer AO where cash deposits in a savings account were treated as unexplained money during an income tax assessment. The tribunal…
The Income Tax Appellate Tribunal ITAT has remitted a case involving an ex-parte income tax addition of ₹46 lakh, made under Section 144/147 without giving the assessee an…
A new feature introduced by GST Network GSTN aims to rectify errors in GST invoice matching for Input Tax Credit ITC claims. The feature allows taxpayers to correct mismatches in…
The Delhi High Court restored the license of a custom broker, ruling that it is not necessary for brokers to keep continuous surveillance at the physical address of exporters. The…
India's online gaming market has experienced a significant surge of 23% in FY24, despite an increase in the Goods and Services Tax GST rates. The growth can be attributed to the…
Zomato has launched its new 'Book Now, Sell Anytime' feature, allowing customers to book meals in advance and redeem them at any time. This innovative feature aims to provide…
Nykaa has reported a 66% increase in its profit for the second quarter, reaching INR 13 crore. The impressive profit growth is driven by the company's strong sales performance,…
TBO Tek has reported a 7% year-on-year increase in its profit for the second quarter, amounting to INR 60.1 crore. The steady profit growth is attributed to the company's strong…
DealShare has reported a 75% decline in its revenue for the fiscal year 2024, amounting to INR 500 crore. The drastic drop is attributed to various market challenges, including…
Stoa, a startup offering an alternative MBA program, has ceased its operations. The decision to shut down comes amid challenges in scaling the business and attracting a sufficient…
Nykaa is emphasizing faster deliveries while steering clear of the ultrafast, 10-minute delivery model. The beauty and wellness e-commerce platform aims to enhance customer…
Col Rajyavardhan Rathore has inaugurated the Digital Rajasthan Yatra 2024, aimed at showcasing digital transformation at the grassroots level. The initiative seeks to highlight…
SUGAR Cosmetics has reported a 20% increase in sales, with its revenue crossing the INR 500 crore mark. The growth is attributed to the company's strong brand presence, effective…
Swiggy's upcoming initial public offering IPO is set to create a significant windfall for its employees, with around 500 of them expected to become crorepatis. The IPO will allow…
DroneAcharya's profit for the first half of the fiscal year has dropped by 62%, amounting to INR 1.50 crore. The significant decline in profit is attributed to various challenges,…
FunStop Games has successfully raised $5 million in funding to boost its game development efforts. The funds will be used to accelerate the production of new games and enhance…
The Punjab and Haryana High Court ruled that registration of a family settlement is not required for computing capital gains. The case involved a dispute where the tax authorities…
The Orissa High Court directed the authorities to decide on extending the benefit available under Rule 16 of the Recruitment and Appointment Rules read with Rule 12 of the…
The Securities and Exchange Board of India SEBI has eased the overseas investment norms for Indian and overseas mutual funds. The new regulations aim to provide greater…
The Punjab & Haryana High Court ruled that Rule 8 3 of the Central Excise Act is ultra vires to Section 11AB 1 and allowed the refund of excessive interest charged. The court…
The Gujarat High Court directed an assessee who forgot to claim a long-term capital loss in their income tax return to seek a revision under Section 264 of the Income Tax Act. The…
The CESTAT ruled that imposing a separate penalty on a proprietor is unsustainable when the proprietorship concern has already been penalized for the same offense. The tribunal…
The Authority for Advance Rulings AAR ruled that the Airports Authority of India AAI is liable to pay GST on concession fees and asset leasing related to airport operations…
The CESTAT ruled that quotations and proforma invoices are not binding agreements and should not be used to redetermine the value of imported goods under the Customs Valuation…
The CESTAT reiterated that the prosecution must prove guilt beyond confessions in customs smuggling cases to influence verdicts. The tribunal stressed the necessity of…
The CESTAT upheld the doctrine of substantial compliance, ruling that minor procedural errors in the Country of Origin certificate should not deny tariff benefits. The case…
The CESTAT granted relief to Hyundai from piecemeal penal proceedings related to the import of items cleared through provisional assessment. The tribunal found that the premature…
The Supreme Court has taken cognizance of the illegal occupation of a medieval tomb by the Defence Colony Welfare Association, based on a report by the CBI and expert Shaikh Ali…
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