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The ITAT ruled that Section 13 of the Income Tax Act, which pertains to taxation of certain income for trusts and charitable organizations, can only be invoked during the…
Assessment u/s 147 Requires Substantive Assessment: The Income Tax Appellate Tribunal ITAT ruled that assessments made under Section 147 of the Income Tax Act, 1961, must have a…
The Ahmedabad ITAT ruled that reopening assessments under Section 147 of the Income Tax Act due to a mere change of opinion by the Assessing Officer AO is unlawful. The AO had…
The Central Board of Indirect Taxes and Customs CBIC has notified a 5% GST rate on helicopter passenger transport services on a seat-share basis, effective October 10, 2024. This…
The Chennai Bench of the Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that the recovery of CENVAT credit and interest for capital goods under Rule 3 5B of the…
The Karnataka High Court ruled in favor of Patanjali Foods Limited, stating that claims not included in an approved resolution plan under the Insolvency and Bankruptcy Code IBC…
The Central Board of Indirect Taxes and Customs CBIC has exempted GST on affiliation services provided by educational boards to government schools. This exemption, notified…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT allowed CENVAT credit for Goods Transport Agency GTA services, ruling that the buyer’s premises can be considered…
The Patna High Court ruled that the seven-day limitation period under Section 129 3 of the CGST Act is mandatory when passing penalty orders. The case arose after a penalty was…
The Madras High Court refused to interfere with the leasing of temple land for establishing a college, emphasizing the benevolent nature of the proposal. The court highlighted…
The Allahabad High Court ruled that the Central Bureau of Investigation CBI only requires the nod from the Centre to probe crimes committed abroad by Indians, without needing…
The Income Tax Appellate Tribunal ITAT ruled that income from surplus funds in bank deposits is eligible for deduction under Section 80P 2 a i of the Income Tax Act. The tribunal…
The CBIC has issued a notification exempting GST for key skill development programs. This exemption aims to promote skill development and vocational training by reducing the tax…
The Calcutta High Court directed the Centre to bring the West Bengal AIIMS at par with AIIMS Delhi and Rishikesh. The case involved a petition seeking improvements in the…
The Central Board of Indirect Taxes and Customs CBIC has issued new instructions concerning the de-mapping of officers on the GSTN Goods and Services Tax Network portal. These…
The Authority for Advance Rulings AAR determined that the developer of the Yatri Sathi app falls under the definition of an e-commerce operator as per Section 2 45 of the GST Act.…
The Gujarat High Court ruled that the findings of an industrial tribunal regarding a railway employee's alleged misconduct were unsustainable without considering the inquiry…
Shares of Paytm soared over 15% after CEO Vijay Shekhar Sharma reaffirmed the company's focus on consumer payments during a recent investor call. This surge indicates market…
Non-life insurance companies in India reported a 6.5% year-on-year decline in premiums for September 2024, primarily due to underperformance by state-owned insurers and a slowdown…
The NCDRC found Motia Developers guilty of deficiency in service for failing to obtain the necessary occupancy certificate for a housing project. The developer had handed over…
In a significant ruling, the Authority for Advance Rulings AAR clarified that a ride-hailing application developer is not required to discharge GST on cab services offered by…
The Bombay High Court has issued an injunction preventing the winner of the Mrs. India beauty pageant from participating in other beauty contests. This decision came after…
The Gujarat High Court dismissed a Public Interest Litigation PIL seeking the conduction of by-elections for the Visavadar constituency following the resignation of MLA…
Private equity investment in Indian real estate increased to $2.2 billion in the July-September 2024 quarter, according to Savills India. This marks a significant rise from…
The ITAT ruled that Section 13 of the Income Tax Act, which pertains to taxation of certain income for trusts and charitable organizations, can only be invoked during the…
The Bombay High Court ruled in favor of a wife seeking the transfer of her divorce proceedings, criticizing her husband for opposing the plea despite her substantial hardships.…
The Kerala High Court issued a significant ruling regarding the rights of headload workers and their ability to handle delicate and sophisticated items. The court recognized the…
The Bombay High Court granted relief to a Shiv Sena Shinde faction leader who faced legal action for remarks made against a journalist. The court quashed the First Information…
In a landmark decision, the Supreme Court restored the election of a lady Sarpanch, highlighting systemic biases against women lawmakers in local governance. The case centered…
The Delhi High Court criticized Delhi University officials for allegedly settling personal grievances at the expense of students’ well-being, particularly in St. Stephen’s…
The Supreme Court addressed a critical issue regarding the eligibility for input tax credit ITC under the Goods and Services Tax GST law concerning construction services. The…
The Central Government has officially notified the appointment of three new judges to the Gujarat High Court, marking a significant step in judicial appointments within the state.…
The Delhi High Court directed district courts to ensure proper recording of advocates' appearances in all cases. This move aims to maintain a comprehensive record for judicial…
The Allahabad High Court has dismissed a plea requesting the filing of an FIR under the SC/ST Act against Swami Rambhadracharya. The court determined that the allegations…
The Madras High Court witnessed support from various Tamil Nadu bar associations for Justice P. Wilson after he faced public criticism during a court hearing. The judge's rebuke…
The Bombay High Court has revived a public interest litigation PIL concerning the maintenance of potholes in the Mumbai Metropolitan Region, despite declining to initiate contempt…
Shares of Paytm soared over 15% after CEO Vijay Shekhar Sharma reaffirmed the company's focus on consumer payments during a recent investor call. This surge indicates market…
Bollywood actor Ranveer Singh has ventured into the women's wellness sector with his brand Bold Care, aiming to provide specialized products focused on health and well-being. This…
Ola, Uber, and Porter have received zero points in FairWork's rating concerning the treatment of gig workers, highlighting significant shortcomings in their labor practices. This…
Blackbuck has received approval from the Securities and Exchange Board of India SEBI for its initial public offering IPO , targeting to raise INR 550 crore. This move marks a…
Asset managers are planning to launch higher-risk investment plans in India following recent regulatory changes. These new plans aim to capitalize on emerging market opportunities…
The Indian government has relaxed GPU norms under the IndiaAI mission to encourage greater participation from smaller firms in the AI landscape. This strategic decision aims to…
Shares of Zomato surged over 4% after HSBC reaffirmed its ‘buy’ call, citing Zomato’s lead over Swiggy in growth and profitability across food delivery and quick commerce. HSBC…
Evenflow, a Thrasio-style marketplace aggregator, has strengthened its leadership team with four new appointments. Priyesh Singh will scale up the supply chain, Aparajitha…
Bharti Airtel is in advanced talks to acquire Tata Play, aiming to strengthen its presence in the digital TV segment and enhance its bundled offerings. Tata Sons currently owns…
Reliance Jio has urged the Telecom Regulatory Authority of India TRAI to revise its consultation paper on spectrum allocation for satellite communication satcom . Jio claims the…
Banking shares, including HDFC Bank, ICICI Bank, and Axis Bank, are soaring due to better-than-expected Q2FY25 business updates and speculation of a rate cut by the RBI. The Nifty…
Nuvama Wealth Management’s share price dropped following a SEBI warning regarding its merchant banking activities. SEBI’s notice highlighted compliance issues and potential…
Sheela Foam, the parent company of Sleepwell, is set to acquire a 10.5% stake in Furlenco, a leading furniture rental company. This strategic investment aims to diversify Sheela…
Bank of Baroda has launched the Masterstroke Savings Account, targeting High Net Worth Individuals HNIs . This account offers a range of benefits, including higher interest rates,…
The ITAT ruled that Section 13 of the Income Tax Act, which pertains to taxation of certain income for trusts and charitable organizations, can only be invoked during the…
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