Kotak Mahindra Bank’s pursuit of a top-three position in the Indian banking sector poses merger and acquisition M&A risks, according to Bernstein. The bank’s aggressive growth…
17/10/20241 min read
Read Sorted by Latest
Kotak Mahindra Bank’s pursuit of a top-three position in the Indian banking sector poses merger and acquisition M&A risks, according to Bernstein. The bank’s aggressive growth…
The BSE Sensex and Nifty indices experienced fluctuations on October 17, 2024, influenced by corporate earnings reports and global market trends. Major companies like Reliance,…
The RERA Appellate Tribunal in Hyderabad will start accepting petitions from Friday, providing a platform for resolving disputes related to real estate projects. The tribunal aims…
The Institute of Chartered Accountants of India ICAI dismissed allegations of signature forgery against a Chartered Accountant CA due to a lack of corroborative evidence. The…
The Income Tax Appellate Tribunal ITAT upheld an order by the Commissioner of Income Taxes – National Faceless Appeals Centre CIT A -NFAC directing an Assessing Officer AO to…
The National Company Law Appellate Tribunal NCLAT ruled that an application under Section 65 of the Insolvency and Bankruptcy Code IBC can be maintained even before the formal…
A Public Interest Litigation PIL has been filed before the Gujarat High Court challenging the denial of the Section 87A rebate under the new tax regime. The petition, filed by CA…
The Surat Bench of the Income Tax Appellate Tribunal ITAT overturned the disallowance of Rs. 14,43,922 under Section 43B of the Income Tax Act, 1961, related to unpaid service…
The Income Tax Appellate Tribunal ITAT partially reduced the addition of unexplained cash deposits to ₹65,000, upholding the Central Board of Direct Taxes CBDT guidelines. The…
The Jammu and Kashmir and Ladakh High Court upheld the UT government’s decision to withdraw the Budgetary Support Scheme, notified in 2018, which provided reimbursement of…
The Supreme Court allowed an appeal by a man convicted of murdering his wife, mother, and daughter, who was sentenced to death. The court’s decision to overturn the conviction…
The Supreme Court ruled that an auction under SARFAESI is open to cancellation only if the purchaser defaults in payment of the balance amount. This decision highlights the…
The Supreme Court upheld the validity of Section 6A of the Citizenship Act, recognizing the Assam Accord by a 4:1 majority. This ruling affirms the legal framework established to…
The Directorate General of Foreign Trade DGFT has mandated that certifying authorities, such as Chartered Accountants CAs and Company Secretaries CSs , must register for digital…
The Delhi Bench of the Income Tax Appellate Tribunal ITAT quashed a reassessment order under Section 147 of the Income Tax Act, 1961, due to lack of jurisdiction and procedural…
The Central Board of Direct Taxes CBDT has released a revised TDS rate chart for the Assessment Year 2025-26. The updated chart includes changes to TDS rates for various…
The Madras High Court directed the Hindu Religious and Charitable Endowments HRCE Department to take action against the trustee and employees of a temple for allowing an Instagram…
The Madras High Court ruled that penetration of the male organ is not necessary to constitute rape under Section 376 of the Indian Penal Code IPC . The Court emphasized that any…
The Supreme Court agreed to hear a plea against the Rajasthan Civil Judge exam, stating that any irregularities found will be reversed. The court emphasized the importance of…
Hyundai Motor India’s IPO has seen significant interest on its second day, with strong subscription rates. The company aims to raise funds to expand its manufacturing capacity and…
Kerala High Court stayed the discharge of BJP State President K. Surendran in an election bribery case. The prosecution alleged that Surendran bribed and threatened a BSP…
Kerala High Court ruled that criminal courts can exclude charges not included in the final report but supported by prosecution records. The court held that charges can be framed…
The Delhi High Court ruled that arbitral tribunals have the same power as civil courts in dealing with contempt. The court’s decision came in response to a petition challenging…
The Delhi ITAT ruled that revenue shared under a franchise agreement does not attract TDS liability under Section 194-I of the Income Tax Act if no actual services are rendered.…
The Madhya Pradesh High Court ruled that an agreement between an SDO and a Tahsildar, which lacked proper reasoning, was invalid. The case involved a dispute over land allocation,…
The Central Board of Direct Taxes CBDT has issued a Guidance Note in the form of Frequently Asked Questions FAQs to clarify the Direct Tax Vivad Se Vishwas DTVSV Scheme, 2024.…
The Central Board of Indirect Taxes & Customs CBIC has urged app-based ride-hailing companies to clarify the applicability of GST on rides booked through their platforms. A…
The Directorate General of GST Intelligence DGGI is nearing the completion of its investigations into pre-GST tax evasion cases, primarily involving service tax and central…
Several top automakers, including Mahindra, Tata Motors, Hyundai, and Maruti, have received tax notices for unpaid compensation cess on utility vehicles sold before 2022. The…
The NCLT Mumbai ruled that an authorized officer of a financial creditor can file a petition under Section 7 of the IBC. The tribunal clarified that the authorized officer does…
The Income Tax Department will implement a systematic process to verify ‘high-risk’ refund claims filed for the assessment year AY 2024-25, which corresponds to the financial year…
The Goods and Services Tax Network GSTN has launched a new e-services app on the Play Store to simplify GST transaction tracking for traders and businesses. The app aims to…
The Central Board of Indirect Taxes & Customs CBIC has issued a clarification on various doubts related to Section 128A of the CGST Act, 2017. This section deals with the powers…
The Central Board of Indirect Taxes & Customs CBIC has issued a clarification on the implementation of Sections 16 5 and 16 6 of the CGST Act, 2017. These sections pertain to the…
The Central Board of Indirect Taxes & Customs CBIC has issued a clarification on the implementation of Sections 16 5 and 16 6 of the CGST Act, 2017, which pertain to the…
The Allahabad High Court has quashed a GST registration cancellation order issued by the GST department without stating any reason. The court observed that the order was passed in…
The Income Tax Appellate Tribunal ITAT has rejected a plea to condone a one-day delay in the payment of Provident Fund PF and Employees’ State Insurance ESI contributions,…
The Income Tax Appellate Tribunal ITAT has remanded a case involving the own occupancy and usage of office space for further examination. The case pertains to a taxpayer who…
The Central Board of Direct Taxes CBDT has introduced Form 12BAA, effective from October 1, 2024, for employees to report income beyond salaries and house property losses. This…
The Central Board of Direct Taxes CBDT has amended Income Tax Forms 10A and 10B, effective from October 1, 2024, to streamline the registration process for charitable trusts and…
The Kolkata Bench of the Customs Excise & Service Tax Appellate Tribunal CESTAT ruled that no service tax under Section 66E b of the Finance Act, 1994, is leviable if partial…
Form 12BAA, introduced by the Central Board of Direct Taxes CBDT on October 15, 2024, is designed for employees to report non-salary income and Tax Collected at Source TCS…
The Central Board of Indirect Taxes & Customs CBIC has given ride-hailing companies one week to submit their views on the applicability of GST for rides booked through their…
The Calcutta High Court has stayed a notice issued under Section 148 of the Income Tax Act, 1961, until the disposal of the writ petition. The case involves a taxpayer who…
The Reserve Bank of India RBI has released internal risk assessment guidance for money laundering and terrorist financing. This guidance aims to help financial institutions…
The NCLAT New Delhi ruled that unilateral entries made in financial records by a corporate debtor to make a counter-claim cannot be considered. The tribunal emphasized that such…
The Punjab and Haryana High Court has directed the Commissioner to take action and imposed a penalty after the Assistant Commissioner AC rejected a GST refund claim on the grounds…
The Patna High Court has condoned a delay in filing an income tax appeal due to medical grounds and directed the appellant to deposit Rs. 5000 to the Bihar State Legal Services…
The Central Board of Indirect Taxes and Customs CBIC has updated the customs tariff values for various commodities, including crude palm oil, RBD palm oil, crude soybean oil,…
The Institute of Chartered Accountants of India ICAI has acquitted a Chartered Accountant CA of misconduct allegations related to an “off the books” share purchase. The CA was…
Kotak Mahindra Bank’s pursuit of a top-three position in the Indian banking sector poses merger and acquisition M&A risks, according to Bernstein. The bank’s aggressive growth…
Showing 50 of 42930 updates