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A Delhi court sent Ashneer Grover’s kin to five-day judicial custody in connection with the BharatPe fraud case. The case involves allegations of financial irregularities and…
EaseMyTrip’s stock price dropped by 20% after its founder, Nishant Pitti, sold shares worth INR 176.5 crore. The significant sell-off raised concerns among investors about the…
Ola Electric is extending its lead in the electric two-wheeler EV 2W market, driven by a diverse product portfolio, high vertical integration, direct-to-consumer distribution…
The NCLAT addressed the issue of delay condonation for filing appeals, focusing on when the limitation period starts if a party fails to apply for a certified copy of the…
The National Company Law Appellate Tribunal NCLAT ordered a Resolution Professional RP to pay the outstanding electricity dues of a corporate debtor. The RP had taken control of…
The Supreme Court directed the Income Tax Department and the Central Board of Direct Taxes CBDT to address technological issues that were causing undue hardship to taxpayers. The…
The Madras High Court directed a family court to reconsider its order requiring a petitioner to prove their religion. The court held that such a requirement was unnecessary and…
The Delhi High Court clarified provisions under the Taxation and Other Laws Relaxation and Amendment of Certain Provisions Act TOLA concerning the approval process for reopening…
Zoho has launched two new offerings: Vikra, a seller app for the Open Network for Digital Commerce ONDC , and Zoho IoT, a low-code platform for building and deploying custom IoT…
Adtech startup AdOnMo, backed by Zomato, raised $25 million in a funding round led by Singapore-based VC firm Rigel Capital and Indonesia-based Sinar Mas. The funds will be used…
Finance Minister Nirmala Sitharaman addressed the controversy surrounding her remarks on the death of an EY employee, clarifying that her comments were not intended to shame the…
The Gauhati High Court quashed a show-cause notice SCN issued under the Central Excise Act because it was sent to the wrong address. The petitioner had been penalized without…
The Calcutta High Court upheld tax deductions for enterprises engaged in infrastructure development under Section 80-IA of the Income Tax Act. The court's ruling clarified that…
The Patna High Court ruled that provisional attachment orders under Section 110 of the Customs Act are illegal unless proper reasons are recorded. The case concerned a customs…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that CENVAT credit is available for inputs used in the manufacture of bulk drugs. In this case, tax…
The Patna High Court quashed a penalty order issued under GST law, which had been served after the statutory time limit. The case revolved around the interpretation of the reply…
The Ministry of Corporate Affairs MCA has extended the compliance deadline for mandatory dematerialisation of existing shares for producer companies by five years, from September…
GST officers have uncovered approximately 10,700 fake GST registrations, involving tax evasion worth ₹10,179 crore, during an ongoing nationwide drive against fraudulent…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has ruled that IT software services provided by Wipro Limited to Special Economic Zone SEZ units are fully exempted…
The Andhra Pradesh High Court ruled that the fees collected by Agricultural Market Committees AMCs for services provided to farmers and traders cannot be classified as a tax. The…
The Delhi High Court ruled that negative blocking of Input Tax Credit ITC beyond the available balance in the Electronic Credit Ledger ECL is impermissible under GST Rule 86A 1 .…
The Institute of Chartered Accountants of India ICAI issued a corrigendum for the 2024 council elections, specifically correcting the voters list for the Southern Region. This…
The Punjab and Haryana High Court allowed the benefit under Section 12AA of the Income Tax Act for an educational trust dedicated to educational advancement. The case involved a…
The Punjab and Haryana High Court directed the waiver of interest in situations beyond the assessee’s control in the timely filing of income tax returns. The case involved a…
The Delhi High Court has quashed a show-cause notice SCN issued to Infiniti Retail Ltd Croma , a Tata Group subsidiary, for allegedly neglecting submissions made by the company.…
The Madras High Court has ruled that the Settlement Commission is unauthorized to rectify orders issued before the 2011 Income Tax Amendment Rules. This decision provides relief…
The Gauhati High Court has ruled that a time-barred GST demand order is not sustainable, providing relief to the petitioner. The court held that the demand order, issued beyond…
The CEO of the GST Network GSTN confirmed the completion of the technical design architecture for B2C e-invoicing for retailers. This initiative aims to streamline the invoicing…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that the Department cannot appeal a Customs Brokers Licensing Regulations CBLR order issued by the…
The Madhya Pradesh High Court ruled that provisions under the Indian Penal Code IPC cannot be invoked directly without applying the penal provisions of the GST Act. The case…
The Delhi High Court is hearing a case involving sexual harassment allegations against Brij Bhushan Singh. The court has directed the police to provide protection to the…
The GST Appellate Tribunals are set to start functioning by November, with a new digital portal for managing GSTAT cases. The announcement aims to streamline the appellate process…
The Madras High Court has ordered a widow to deposit ₹2.5 lakh as a pre-deposit against a ₹57.7 lakh demand related to income from the sale of ancestral property. The court’s…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has set aside an order levying Countervailing Duty CVD at 10% on insoluble sulphur, despite nil excise duty. The…
The CESTAT quashed a customs penalty imposed on a VAB License holder, ruling that no forgery or misuse was unveiled by the Directorate General of Foreign Trade DGFT licensing…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT directed the refund of untransitioned excess CENVAT credit amounting to Rs 30.52 lakh. The case involved a taxpayer…
The Kerala High Court ruled that income tax authorities are entitled to seek interim custody of currency notes seized and produced before a jurisdictional magistrate. The court…
The Punjab and Haryana High Court quashed reassessment proceedings initiated without conducting a faceless assessment as required under Section 144B of the Income Tax Act. The…
The Goods and Services Tax Network GSTN issued an advisory stating that GST return data older than seven years will be archived and removed from the GST portal after September 30,…
The Delhi High Court set aside a GST demand order due to the improper placement of a Show Cause Notice SCN on the GST portal. The petitioner argued that the SCN was uploaded under…
The CESTAT confirmed the correct classification of imported brake pad materials under Customs Tariff Heading CTH 6813 and limited the differential duty demand to the normal…
The Directorate General of Foreign Trade DGFT issued a circular allowing importers to apply for authorization of specified IT hardware imports. The circular clarifies the import…
The Income Tax Appellate Tribunal ITAT ruled that Form 67 is deemed directory, not mandatory, and that Foreign Tax Credit FTC claims should not be denied for late submission. The…
The Bombay High Court clarified that the non-filing of a declaration and input-output ratio is a procedural requirement but not a pre-condition for claiming an excise rebate on…
The Karnataka High Court remanded a case involving disputed service tax exemption on the supply of auto tippers and manpower for garbage collection to the post-show cause notice…
The Group of Ministers GoM of the GST Council is unlikely to provide tax relief to the real estate sector concerning Joint Development Agreements JDAs . Despite ongoing…
Seven individuals were arrested in Uttar Pradesh for orchestrating a GST fraud involving 48 shell companies and fake invoices worth Rs 900 crore. The scam resulted in a government…
The Punjab and Haryana High Court ruled that deduction benefits under Section 80-I of the Income Tax Act are claimable upon the conversion of a proprietorship concern into a…
Eonmed, a leading telemedicine and microlab company, has set its sights on becoming India’s largest telemedicine and microlab leader through strategic expansions. With the growing…
The Karnataka High Court stayed a prisoner’s punishment for smoking and chewing tobacco in jail. The court noted that the prison authorities had not followed proper procedures in…
A Delhi court sent Ashneer Grover’s kin to five-day judicial custody in connection with the BharatPe fraud case. The case involves allegations of financial irregularities and…
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