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The Patna High Court ruled that insurance companies are liable to pay compensation to drivers and cleaners under the Motor Vehicles Act if an additional premium has been accepted.…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that reimbursements collected by customs house agents do not qualify as taxable service income. The case…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT relieved Hyundai of a ₹63 lakh penalty, ruling that there was no allegation indicating CENVAT credit availment…
The introduction of the Negative Liability Statement for regular taxpayers filing GSTR-3B aims to address discrepancies in tax liabilities. This statement allows taxpayers to…
A 42-year-old jewellery owner in Jeypore died of cardiac arrest following a GST raid amidst bribery demand allegations. The raid was conducted by GST officials who allegedly…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT quashed a demand for CENVAT credit reversal, citing a lack of revenue loss. The case involved a company that had…
The Bombay High Court quashed the offset of Maharashtra Value Added Tax MVAT refund against outstanding dues from prior years, ordering a payout of ₹2.7 crore. The case involved a…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that reimbursements collected by customs house agents do not qualify as taxable service income. The case…
The National Financial Reporting Authority NFRA has scheduled a board meeting on November 11-12 to discuss the implementation of new audit standards. The meeting will focus on…
Elcid Investments has soared to INR 27,34,88,585, locking the upper circuit and becoming India’s most expensive stock. The surge in stock price is attributed to the company’s…
The Madras High Court ruled that a citizen’s fundamental right to privacy includes spousal privacy, and evidence collected through snooping by one spouse against another is…
The Central Board of Indirect Taxes and Customs CBIC issued new guidelines to balance tax evasion investigations with ease of doing business in import and export sectors. The…
In a significant operation, Lokayukta police arrested a commercial tax officer in Bengaluru for accepting bribes and using forged identity documents. The officer, Shaikh, was…
Spinny, a used car retailing platform, has managed to trim its losses, reflecting improved operational efficiency and cost management. The company has focused on streamlining its…
The Andhra Pradesh High Court ruled that a judgment sent to an incorrect address must be corrected, and a fresh notice issued to ensure proper service. The court emphasized the…
The Karnataka High Court issued a notice to the state government in response to a Public Interest Litigation PIL seeking the deployment of the army for rescue operations in…
The Karnataka High Court issued a notice to the state government in response to a Public Interest Litigation PIL seeking the deployment of the army for rescue operations in…
The Madhya Pradesh High Court issued a notice to the state government regarding the delay in rural postings for MBBS graduates and the imposition of a ₹25 lakh penalty for…
The Kerala High Court ruled that the Kerala Public Service Commission KPSC cannot conduct inquiries to determine an applicant’s caste status. Instead, KPSC must refer such matters…
The Madras High Court issued several directions to curb the use of tobacco products among children, highlighting an “extreme emergency” due to the surge in tobacco use,…
Reliance Jio, the telecom arm of Reliance Industries, is set to launch its IPO in 2025, aiming to capitalize on its stable revenue and market leadership. Analysts value Jio at…
Elcid Investments has soared to INR 27,34,88,585, locking the upper circuit and becoming India’s most expensive stock. The surge in stock price is attributed to the company’s…
The Madhya Pradesh High Court issued a notice to the state government regarding the delay in rural postings for MBBS graduates and the imposition of a ₹25 lakh penalty for…
SAR Televenture has announced its acquisition of Tikona Infinet, a move aimed at expanding its presence in the broadband and wireless internet services market. The acquisition…
The Supreme Court criticized the Kerala Public Service Commission KPSC for its inconsistent stance on the qualifications required for the Lower Division Clerk LDC post, which led…
The Calcutta High Court ruled that a composite reference to an arbitrator is valid when two contracts are so intertwined that separate arbitration would prejudice the parties. The…
The Income Tax Appellate Tribunal ITAT upheld the Assessing Officer’s AO addition of ₹9.65 lakh under Section 56 2 x as a gift not qualifying from a relative. The case involved an…
The Kerala High Court ruled that the Kerala Public Service Commission KPSC is not empowered to conduct inquiries into an applicant’s caste status. The court stated that KPSC must…
The Patna High Court ruled that a delinquent employee is deemed to be in service even after reaching the age of superannuation if a valid departmental proceeding was initiated…
The Kerala High Court ruled that the Kerala Public Service Commission KPSC cannot conduct inquiries to determine an applicant’s caste status. Instead, KPSC must refer such matters…
The Gujarat High Court ruled that a cash canteen subsidy qualifies as a cash value food concession and should be included in the dearness allowance calculation. The case involved…
The Patna High Court ruled that insurance companies are liable to pay compensation to drivers and cleaners under the Motor Vehicles Act if an additional premium has been accepted.…
The Supreme Court is set to hear the Enforcement Directorate’s ED plea against a Madras High Court judgment that restrained the agency from investigating illegal sand mining under…
WOW Skin Science, operated by Body Cupid Private Limited, reduced its net loss by 40% to INR 130.2 Cr in FY24 from INR 258.1 Cr the previous year, despite a 10% decline in revenue…
The Supreme Court is set to pronounce its judgment on the validity of the Uttar Pradesh Madarsa Education Act tomorrow. The case involves a challenge to the Act, which regulates…
The Supreme Court directed the Assam government to provide all necessary facilities at a transit camp within one month, noting the lack of basic amenities. The court’s directive…
The Supreme Court was informed that High Court judges elevated from service governed by the National Pension System NPS receive lesser pension and provident fund benefits compared…
The Supreme Court criticized the Kerala Public Service Commission KPSC for its inconsistent stance on the qualifications required for the Lower Division Clerk LDC post, which led…
The Supreme Court directed all states and union territories to promptly inform convicts of the rejection of their remission applications within one week. The court also mandated…
Rosmerta Digital has announced the first INR 200 Cr-plus SME IPO, marking a significant milestone in the Indian SME sector. The IPO aims to raise funds for business expansion,…
SEBI has allowed mutual funds to invest in overseas mutual funds or unit trusts that invest a portion of their assets in Indian securities, aiming to enhance investment ease and…
SEBI has directed Embassy REIT to suspend its CEO, Aravind Maiya, due to alleged violations of regulatory norms. The decision follows an investigation into the company’s…
The latest market news on November 4, 2024, highlights the balance between regulation and credit flow as vital, according to IIFL’s Nirmal Jain. The blog provides real-time…
A West Bengal court has framed charges against Sanjay Roy, accused of the rape and murder of a trainee doctor at RG Kar Medical College and Hospital. The trial is set to begin on…
The article explores the priority of consideration between applications under Section 8 of the Arbitration Act and Section 7 of the Insolvency and Bankruptcy Code IBC . It…
The Maharashtra Real Estate Regulatory Authority MahaRERA directed Godrej Properties to refund ₹15 lakhs to a senior citizen who canceled their booking within one month due to a…
The Supreme Court ruled that a government entity cannot be given differential treatment while staying the operation of an arbitral award. The case involved a government entity…
The Calcutta High Court ruled that a composite reference to an arbitrator is valid when two contracts are so intertwined that separate arbitration would prejudice the parties. The…
The Income Tax Appellate Tribunal ITAT upheld the Assessing Officer’s AO addition of ₹9.65 lakh under Section 56 2 x as a gift not qualifying from a relative. The case involved an…
An income tax portal glitch issued unwarranted notices, surprising Goan taxpayers on Diwali. The glitch resulted in the issuance of notices for discrepancies in tax filings,…
The Patna High Court ruled that insurance companies are liable to pay compensation to drivers and cleaners under the Motor Vehicles Act if an additional premium has been accepted.…
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