Karnataka Chief Minister Siddaramaiah warned tax officials to meet collection targets or face consequences. During a review meeting, the CM expressed dissatisfaction with the…
30/10/20241 min read
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Karnataka Chief Minister Siddaramaiah warned tax officials to meet collection targets or face consequences. During a review meeting, the CM expressed dissatisfaction with the…
The Income Tax Appellate Tribunal ITAT in Mumbai deleted an addition made by the Assessing Officer AO under Section 68 of the Income Tax Act, which was based solely on third-party…
The Income Tax Appellate Tribunal ITAT in Mumbai ruled that income from the sale of white button mushrooms cultivated indoors should be classified as “agricultural income” under…
The Mumbai Bench of the Income Tax Appellate Tribunal ITAT ruled that the eligibility conditions for claiming Foreign Tax Credit FTC under the India-Japan Double Taxation…
The Orissa High Court dismissed a writ petition challenging late fees payment under the CGST Act, citing the availability of an alternative statutory remedy. The petitioner,…
The Income Tax Appellate Tribunal ITAT has ruled that capital gains arising from the sale of long-term capital assets shall be taxable at the rate of 20% under Section 112 of the…
The Punjab and Haryana High Court has ruled that the absence of faceless assessment as envisaged under Section 144B of the Income Tax Act invalidates the show cause notice SCN…
The Karnataka High Court quashed a criminal case against a pilot due to the lack of sanction under the Aircraft Act. The case involved a plane accident at Jakkur, and the pilot…
The Income Tax Appellate Tribunal ITAT has ruled that determinate beneficiaries of a trust should be taxed as individuals and not as an association of persons AOP at the marginal…
The Income Tax Appellate Tribunal ITAT has ruled that the purchase of one residential house with modifications of two adjacent properties amounts to a single residential house,…
A Delhi teenager has filed a Public Interest Litigation PIL in the Supreme Court challenging the imposition of GST on mental health services. The petitioner argues that mental…
An artisan in India received a shocking Rs 114 crore income tax notice, which was later found to be linked to a fraudulent firm. The artisan, who had no significant income, was…
Meesho, an e-commerce platform, reported a 33% increase in operating revenues to INR 7,615 crore for FY24, up from INR 5,735 crore in the previous fiscal year. The company also…
The Kerala High Court struck down Rule 96 10 of the CGST Rules, declaring it ultra vires. The rule restricted exporters from claiming refunds if they had availed of certain…
The Karnataka government has unveiled two flagship programs aimed at boosting early-stage startups in the state. The programs, launched by the Karnataka Startup Cell, focus on…
The Calcutta High Court admitted a PIL challenging animal sacrifice at a temple in Eastern India, filed by the organization Eastern India Vegan. The petition argues that animal…
The Delhi High Court dismissed a PIL seeking school admissions for Rohingya refugee children, stating that such matters involve international issues and policy decisions that fall…
Amazon Pay, the digital payments arm of Amazon India, reduced its losses by 39% to INR 911 crore in FY24, down from INR 1,499 crore in the previous fiscal year. The company’s…
The Madras High Court sought the state government’s response to a PIL challenging the casual attire of Udhayanidhi Stalin at official events. The petitioner argued that Stalin’s…
Gourab Banerji has been appointed as the nominee arbitrator in the CTF Holdings SA v. Ukraine BIT arbitration case. The appointment was made following a dispute under the…
The Rajasthan High Court ruled that the right to live with dignity includes the right to fulfill duties as a good husband. The court made this observation while hearing a case…
The Allahabad High Court ruled that courts should not examine intimate moments between couples unless there is evidence of extreme cruelty. The court emphasized that privacy and…
The Delhi High Court granted bail to Ankush Jain and Vaibhav Jain, co-accused in a money laundering case involving former Delhi minister Satyendar Jain. The case, investigated by…
Amazon’s logistics arm, Amazon Transportation Services ATS , reported a 7.6% increase in revenue to INR 4,889 crore in FY24. The company also managed to narrow its net loss by…
The Madras High Court set aside the discharge of former Tamil Nadu Chief Minister O. Panneerselvam in a disproportionate assets case. The court found that there was sufficient…
The Madras High Court ruled that prisoners are not slaves and cannot be subjected to torture or inhuman treatment. The court emphasized the need to uphold the dignity and rights…
The Delhi High Court ruled that the “clean slate” theory applies to all prior claims after the approval of a resolution plan by the NCLT. The court emphasized that once a…
The Bombay High Court allowed a medical officer to contest the upcoming elections and ordered the state to accept his resignation. The court emphasized the right of individuals to…
The Karnataka High Court ruled on the applicability of Section 304A of the IPC and Section 92 of the Factories Act in a case involving a factory accident. The court emphasized the…
The Delhi High Court relaxed a bail condition for an accused in the 2020 North-East Delhi riots case, allowing him to travel to Bijnor for his sister’s wedding. The court…
The Karnataka High Court reserved its order on an interim bail application by Kannada actor Darshan, who sought bail on medical grounds to undergo spine surgery. The court…
The Madras High Court directed the Integral Coach Factory to implement a secret ballot system for trade union recognition, replacing the existing Staff Council model. The court…
The Delhi High Court sought the AAP-led Delhi government’s response to a plea by BJP MLAs demanding the tabling of 12 CAG reports on finance, pollution, and liquor in the Delhi…
The Madras High Court directed the state to respond to a plea regarding the dress code for Udayanidhi Stalin. The court emphasized the importance of addressing public concerns…
The Madhya Pradesh High Court ruled that the merger of the state education service does not nullify previous service benefits. The court emphasized that employees are entitled to…
The Kerala High Court imposed a fine on a judicial officer for bias and vituperative denigration in a transfer petition case. The court emphasized the importance of impartiality…
The Allahabad High Court ruled that training for Pradhans under the UP Panchayat Raj Act is essential for understanding their rights and duties. The court directed the Uttar…
The Madras High Court directed the state to ensure that individuals with a diploma in Siddha medicine do not practice allopathy. The court emphasized the need for regulatory…
The Gauhati High Court overturned a conviction under the NDPS Act due to the non-production of seized contraband. The court emphasized the importance of producing seized items as…
The National Company Law Tribunal NCLT Kolkata has ruled that any dues, whether claimed or unclaimed, prior to the approval date of a resolution plan stand extinguished. This…
The National Company Law Appellate Tribunal NCLAT has ruled that the dissolution of a corporate debtor under Section 54 of the Insolvency and Bankruptcy Code IBC can only be…
The Delhi High Court has ruled that issuing two adjudication orders against a single show-cause notice is not permissible. The case involved a dispute where the authorities issued…
Razorpay, a leading fintech company, reported a 4.85x increase in profit after tax PAT and a 9% rise in revenue for FY24. The company’s strong financial performance is attributed…
The Allahabad High Court has ruled that proceedings under Section 130 of the Uttar Pradesh Goods and Services Tax UPGST Act are not applicable in cases where excess stock is found…
The National Consumer Disputes Redressal Commission NCDRC has dismissed an appeal by Mata Chanan Devi Hospital, upholding a lower court’s ruling of medical negligence. The case…
Karnataka and Tamil Nadu have been ranked among the top five states in India for direct tax collections. The article highlights the significant contributions of these states to…
The Uttar Pradesh Authority for Advance Rulings UPAAR has ruled that the supply of manpower to foreign firms for work in India will attract GST. The ruling clarifies that such…
Finova Capital, a non-banking financial company NBFC , has raised $135 million to expand its loan book. The funding round was led by a consortium of investors, including private…
IdeaForge, a leading drone manufacturer, saw its share prices slip to a 52-week low following weak Q2 disclosures. The company’s financial performance in the second quarter fell…
Jio Financial Services has launched SmartGold, a digital platform for purchasing gold. The platform allows customers to buy, sell, and store gold digitally, providing a convenient…
Karnataka Chief Minister Siddaramaiah warned tax officials to meet collection targets or face consequences. During a review meeting, the CM expressed dissatisfaction with the…
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