Sorted by Latest
ITAT restored a case concerning charter hire charges treated as royalty instead of presumptive income to the DRP for fresh directions. The ruling underscores the importance of…
Delhi High Court rejected an appeal for condonation of delay in a GST case related to Mom’s Cradle, emphasizing the strict 4-month statutory limitation. The ruling reinforces…
NCLT recognized Drip Capital Inc., a US-based company, as a financial creditor and admitted a petition to initiate corporate insolvency resolution process CIRP against Sumarrow…
Headnote: The Supreme Court referred to a larger Bench the issue of whether doctors practicing allopathy and those practicing indigenous systems of medicine Ayurveda, Homeopathy,…
Cybersecurity firm TAC Infosec reported a doubling of its H1 profit after tax PAT , leading to a 5% increase in its share price. The growth is attributed to increased demand for…
B2B marketplace IndiaMART experienced a 39% year-on-year decline in Q2 profit, falling to INR 83 crore. The decrease is linked to higher marketing expenses and slower growth in…
Electric vehicle manufacturer EKA Mobility has raised INR 500 crore to scale up its EV manufacturing capacity. The funding will support the development of electric buses and…
The Centre is leveraging quick commerce transaction data to monitor how GST rate changes are passed on to consumers. This initiative helps ensure transparency, prevent price…
The Supreme Court initiated suo motu proceedings concerning digital arrest scams, where individuals receive fake legal notices demanding ransom. The Court directed the Centre and…
The Supreme Court constituted a committee to monitor and ensure implementation of equal employment opportunities and inclusive medical facilities for transgender individuals. This…
The Delhi High Court held that a coal block allocation letter constitutes “property” under the Prevention of Money Laundering Act PMLA . The judgment clarifies that…
CGST authorities in Chennai uncovered a fake GST invoice racket involving Rs 10.64 crore. The operation targeted fraudulent claims of input tax credit, demonstrating the…
ICAI has released exposure drafts of new Standards on Internal Audit SIAs and invited comments from stakeholders. The proposed standards aim to enhance the quality, consistency,…
GSTN issued detailed FAQs for filing GSTR-9 annual return and GSTR-9C reconciliation statement for FY 2024-25. The guidance clarifies filing procedures, reconciliation…
The Centre has notified changes to PMLA rules allowing intermediaries to upload KYC data via KYC Registration Agencies KRAs . This amendment streamlines compliance, enhances data…
Karnataka High Court held that the Money Laundering Tribunal cannot remit property attachment orders for reconsideration. The decision clarifies procedural limits of PMLA…
Prime Minister stated that India’s economy has transitioned from “Fragile 5” to among the world’s top 5 economies, reflecting robust growth, policy reforms, and investment…
The Ministry opposed deep fund cuts for a rural training institute and proposed Rs 992 crore allocation. The decision highlights the government’s focus on capacity building, rural…
Two journalists were detained in Madhya Pradesh following reports on Rajasthan Deputy CM, allegedly deemed false by police. The incident raises concerns over press freedom,…
CESTAT classified Noil silk fabrics as natural silk, rejecting the department’s alternative classification under CTH 5007 1000. The ruling provides clarity for customs…
Delhi High Court held that Section 69 2 of the Partnership Act cannot prevent an unregistered firm from challenging CGST demand or enforcing statutory rights. The ruling…
ITAT allowed the full Rs 8.55 lakh commission paid by a CA to referral agents, rejecting an ad-hoc 30% disallowance. The decision emphasizes evidence-based assessment and…
GSTN issued clarifications and FAQs regarding filing of annual returns GSTR-9 and reconciliation statements GSTR-9C . The guidance helps taxpayers comply with GST reporting…
Delhi High Court quashed NDMC proceedings against a lawyer operating from a residential basement, holding it not a commercial activity. The judgment reinforces property use…
ITAT ruled that errors in TDS on joint ancestral property transactions will not affect the father’s full tax credit. This decision safeguards taxpayers against procedural errors…
ITAT held that cash received from society members constitutes the source of deposit and remitted a Rs 29.46 lakh case for filing evidences. The ruling clarifies treatment of…
Sales Tax Tribunal remitted a case for verification after concessional tax rates were disallowed despite submission of original C-Forms. The matter emphasizes the need for…
ITAT allowed a MAT credit of Rs 12.94 lakh after confirming details were available in assessment records under Section 115JAA. The decision clarifies the entitlement of taxpayers…
Delhi HC directed strict implementation of the minimum import price for soda ash, resolving conflicts between DGFT policy and customs enforcement. The ruling ensures regulatory…
NCLT admitted an insolvency petition against ABAN Offshore, filed by PNB. The ruling highlights creditor rights under the IBC and provides a framework for resolution of financial…
CESTAT ruled that service tax is not applicable to training programs conducted in collaboration with universities. The judgment clarifies the scope of exemptions for educational…
The GST portal displayed a new due date for GSTR-3B filings, although no official CBIC notification has been issued. Businesses are advised to monitor official updates to ensure…
CESTAT allowed a service tax appeal, ruling that the department failed to show willful suppression to invoke extended limitation. This judgment clarifies evidentiary standards for…
Fintech startup Dezerv secured Series B funding, boosting its valuation by 50% to $300 million. The capital will support scaling operations, product innovation, and market…
Social media platform ShareChat reported Rs 723 crore in FY25 revenue and a 72% reduction in adjusted EBITDA losses. This improvement is attributed to regional content…
Jio Platforms reported a 13% year-on-year increase in Q2 profit, reaching INR 7,379 crore. This growth is attributed to strong subscriber additions and higher average revenue per…
The Bombay High Court upheld the personality rights of actor Akshay Kumar, restraining unauthorized commercial exploitation of his image and endorsements. The Court noted that…
A legal column argues that the Ministry of Law and Justice should always hold Union Cabinet rank to ensure adequate policy influence and representation in governmental…
Kings Counsel Barbara Mills highlighted that family law cases frequently impose psychological stress on lawyers due to sensitive and high-conflict matters. She emphasized the need…
The Gauhati High Court allowed Rahul Gandhi’s plea challenging a lower court order permitting additional witness examination in a defamation case from 2016. The bench held that…
The Kerala High Court lifted the temporary suspension on toll collection at the Paliyekkara toll plaza. The Court held that authorities had complied with requisite procedural…
The Kerala High Court decided to personally view the film ‘Haal’ following complaints from a Christian organization over allegedly offensive content. The Court assessed the film…
The Jharkhand High Court initiated a contempt proceeding against a lawyer following a viral video of a heated altercation with a judge. The Court emphasized that courtroom decorum…
The Chhattisgarh High Court held that a daughter has equal rights to inheritance under the Hindu Succession Act and Mitakshara law. The judgment clarified that gender-based…
The Punjab & Haryana High Court allowed a challenge against the alteration of the syllabus for the Assistant District Attorney ADA recruitment exam, where the syllabus was changed…
The Allahabad High Court held that any addition or deletion of entries in revenue records must be preceded by a proper hearing opportunity for affected parties. The Court…
The Allahabad High Court ruled that dues owed to secured creditors take precedence over government dues in cases of insolvency or recovery. The Court observed that statutory…
The Kerala High Court examined an extraordinary general body meeting of KHCAA and issues relating to anticipatory bail applications. The bench addressed the concurrent…
HR tech platform Darwinbox posted Rs 534 crore in revenue for FY25 and narrowed its adjusted losses. The growth is driven by enterprise adoption, platform innovations, and…
The Karnataka High Court considered a PIL concerning the poor condition of the Mangalore-Udupi stretch of National Highway, seeking urgent maintenance and repair. The Court…
ITAT restored a case concerning charter hire charges treated as royalty instead of presumptive income to the DRP for fresh directions. The ruling underscores the importance of…
Showing 50 of 42930 updates
