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The Adani Group is looking to acquire a 46.64% stake in ITD Cementation from its promoters. This acquisition is part of Adani’s strategy to expand its presence in the…
The Telangana High Court ruled that capital invested in purchasing shares of an infrastructure facility before June 1998 cannot be included in the total income for tax purposes.…
SBI Life Insurance’s Managing Director and CEO has stated that the company will be least affected by the new surrender value norms introduced by the Insurance Regulatory and…
The Kerala GST Department seized 120 kg of unaccounted gold during an operation in Thrissur. The seizure was part of a crackdown on tax evasion and illegal gold trade in the…
The GST Appellate Authority has upheld a demand of Rs. 139.3 crore against Maruti Suzuki, confirming the company’s liability for unpaid taxes. The case involved a dispute over the…
The Reserve Bank of India’s RBI new peer-to-peer P2P lending rules could impact MobiKwik’s plans for an Initial Public Offering IPO . The new regulations impose stricter…
The government is considering increasing the Voluntary Provident Fund VPF limit for tax-free interest, providing relief to middle-income salaried individuals. The current limit of…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that Central Sales Tax CST is not applicable on the mere stock transfer of beer from manufacturing units to…
The Madras High Court has quashed a GST demand order issued under Section 74, triggered by a mistaken entry of B2C sales in GSTR 1. The court found that the order lacked a…
The Finance Ministry has added a new tariff item under the mineral products category in the Central Excise Act. This addition aims to streamline the classification and taxation of…
The Bar Council of India BCI has rescheduled the All India Bar Examination AIBE XIX to December 22, 2024, and extended the registration deadline to November 15, 2024. The last…
The National Bank for Financing Infrastructure and Development NaBFID plans to raise nearly ₹40,000 crore through bonds in the second half of FY25. The funds will be used to…
The Kerala GST Department has introduced biometric-based Aadhaar authentication for GST registration to enhance verification measures and curb fraud. This initiative aims to…
The Delhi High Court has rejected Shifa-ur-Rehman’s plea for an early hearing of his bail application in connection with the Delhi riots case. Rehman, a member of the Jamia…
The Income Tax Appellate Tribunal ITAT in Mumbai deleted the notional interest added by the Transfer Pricing Officer TPO on share application money treated as a loan in the hands…
The Karnataka High Court ordered the refund of Rs. 2.5 crores, along with interest, which was coercively extracted as Central Goods and Services Tax CGST by intelligence officers…
The Gujarat High Court ruled that the Sabka Vishwas Legacy Dispute Resolution Scheme, 2019 SVLDRS applies to any show cause notice SCN for penalty or late fee, regardless of…
The Income Tax Appellate Tribunal ITAT has reversed the additions made by the Assessing Officer AO and upheld the legitimacy of long-term capital gains from share transactions.…
As bad loan purchases cross ₹10 lakh crore, Asset Reconstruction Companies ARCs are seeking new sellers and investors to broaden their base and enhance liquidity. The surge in bad…
The Central Board of Direct Taxes CBDT has extended the due date for filing Income Tax Returns for assessees requiring audit to November 15, 2024. This extension provides…
The Income Tax Appellate Tribunal ITAT has affirmed the deductibility of Employee Stock Option Plan ESOP expenses as legitimate business expenditures under Section 37 of the…
The Income Tax Appellate Tribunal ITAT has upheld the decision of the Commissioner of Income Tax Appeals regarding sales commission payments, concluding that there is no TDS…
The Financial Intelligence Unit FIU has imposed a fine of Rs 54 lakh on Union Bank of India for violations of the Prevention of Money Laundering Act PMLA . The violations pertain…
The National Company Law Tribunal NCLT has issued a notice to SpiceJet in response to an insolvency plea filed over a Rs 68 crore default. The plea was filed by an aircraft…
The Delhi High Court has ruled that a writ petition under Article 227 of the Constitution is maintainable against a commercial court’s dismissal of a Section 34 plea under the…
The Supreme Court has ruled that service tax is not separately payable on interchange fees as tax has already been paid on the merchant discount rate MDR . This decision came in…
The Kerala High Court ruled that dual prosecution under the Indian Penal Code IPC and the Employees’ Provident Funds EPF Act for provident fund defaults is valid, as both serve…
The Madras High Court has quashed a GST demand order issued under Section 74, triggered by a mistaken entry of B2C sales in GSTR 1. The court found that the order lacked a…
The Central Board of Direct Taxes CBDT has extended the due date for filing audited Income Tax Returns for the Assessment Year 2024-25 to November 15, 2024. This extension,…
Swiggy is set to launch its Initial Public Offering IPO on November 6, aiming to value the company at $11.3 billion. The IPO is expected to be one of the largest in the Indian…
The Income Tax Department has launched the latest version 1.1.7 of the Common Offline Utility for filing Income-tax Returns ITR 1 to ITR 4 for Assessment Year 2024-25. Released on…
The Adani Group is looking to acquire a 46.64% stake in ITD Cementation from its promoters. This acquisition is part of Adani’s strategy to expand its presence in the…
The Income Tax Department has released updated utilities and schema for filing ITR-7, applicable to entities required to furnish returns under sections 139 4A , 139 4B , 139 4C ,…
The government has doubled the loan limit under the Pradhan Mantri Mudra Yojana PMMY from Rs 10 lakh to Rs 20 lakh, effective immediately. This increase aims to support small…
The Enforcement Directorate ED has seized electronic devices in connection with an investigation into ticket scalping for concerts. The ED’s action is part of a broader crackdown…
The Allahabad High Court upheld reinstatement as a standard remedy in labor disputes but stated that the percentage of back wages awarded should be determined based on the…
The Bombay High Court ruled that the permanency of a post cannot be granted merely based on the completion of a certain number of service days. The court held that such decisions…
SBI Life Insurance’s Managing Director and CEO has stated that the company will be least affected by the new surrender value norms introduced by the Insurance Regulatory and…
Global funds are increasingly turning to India amid financial market uncertainties, with Indian bonds performing well and the stock market reaching record highs. The shift is…
The Delhi High Court granted disability pension to an army personnel, attributing his disabilities to stressful work conditions. The court recognized the impact of rigorous…
The Bombay High Court upheld the dismissal of a security associate for theft, stating that violating a position of trust justifies dismissal regardless of the value of the stolen…
The Jharkhand High Court ruled that consumer commissions must determine their pecuniary jurisdiction before deciding on the merits of a case. This decision ensures that…
The Allahabad High Court has ordered action against a public prosecutor who was found to be helping the accused during a trial. The court criticized the prosecutor’s conduct,…
The Madhya Pradesh High Court is hearing a Public Interest Litigation PIL against noise pollution and traffic congestion in Jabalpur. The court has sought responses from the…
Several companies, including NTPC Green Energy and ACME Solar Holdings, are planning to go public in the next month. These upcoming Initial Public Offerings IPOs reflect a growing…
The Rajasthan High Court addressed changes in Bar Council of India rules regarding the extension of terms for state bar councils. The court examined the legality of the rule…
The Chhattisgarh High Court quashed a state notice regarding NRI quotas in MBBS admissions, citing procedural irregularities. The court found that the notice did not comply with…
The Jharkhand High Court ruled that a co-owner cannot object to the execution of an eviction order simply because they were not made a party to the original suit. The court held…
The Kerala High Court upheld a child’s right to be breastfed by the mother, emphasizing the child’s welfare in custody disputes. The court ruled that the child’s right to…
The Madhya Pradesh High Court ruled that administrative errors in pay fixation should not result in post-retirement recovery of amounts with interest from retirees. The court held…
The Adani Group is looking to acquire a 46.64% stake in ITD Cementation from its promoters. This acquisition is part of Adani’s strategy to expand its presence in the…
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