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The ITAT reduced the alleged taxable income of a Non-Resident Indian by 97% in a dispute over Rs 2.28 crore. The tribunal found substantial discrepancies in the tax department’s…
The Bombay High Court directed payment of ₹6 lakh compensation to the family of a person who died due to a road accident caused by a pothole, holding the responsible municipal…
UPI transactions in India saw a slight decline in September, affecting market leaders like Google Pay and PhonePe. The report attributes the dip to reduced consumer spending,…
Headnote: The Delhi High Court disposed of a habeas corpus petition filed by a mother seeking the production of her missing 16-year-old daughter, allegedly abducted and sexually…
Headnote: The Delhi High Court disposed of a writ petition seeking removal of an iron gate installed at A-1 Street, Poorvi Marg, Vasant Vihar, New Delhi, alleged to be illegal and…
Headnote The CESTAT Delhi held that royalty payments made by Ericsson India Pvt. Ltd. to its foreign parent company for technical know-how are includible in the transaction value…
Headnote: The Delhi High Court dismissed a petition under Section 482 CrPC read with Section 528 BNSS seeking quashing of a cross FIR and summoning order against a transgender…
Headnote The Delhi High Court denied bail to a Nigerian national arrested with 300 grams of heroin, holding that the recovery of a commercial quantity attracted the bar under…
The ITAT ruled that expenditure on goods physically received cannot be fully disallowed despite the presence of fictitious invoices. The tribunal restricted disallowance to 25% of…
Houseeazy, a property management and real estate startup, raised ₹150 crore in a new funding round to expand operations beyond Delhi NCR. The capital infusion will be used to…
AITMC, a drone technology startup, has pre-filed its Draft Red Herring Prospectus DRHP with SEBI for a ₹200 crore Initial Public Offering IPO . The IPO aims to raise capital to…
Headnote: The Customs, Excise & Service Tax Appellate Tribunal CESTAT , Principal Bench, Court No. 4, New Delhi, adjudicated three connected excise appeals filed by M/s Advance…
Headnote: The Customs, Excise & Service Tax Appellate Tribunal CESTAT , Principal Bench, New Delhi, allowed the appeal of Ericsson India Private Limited against the order of the…
Headnote: The Customs, Excise & Service Tax Appellate Tribunal CESTAT , Principal Bench, New Delhi, allowed the appeal of M/s Centre for Entrepreneurship Development, Madhya…
Headnote: The Directorate of Enforcement ED , Mumbai Zonal Office, has provisionally attached immovable properties worth ₹71 crore belonging to Anil Pawar, Sitaram Gupta, and…
Headnote: The Directorate of Enforcement ED , Jaipur Zonal Office, restituted unsold inventory of 354 flats, 17 commercial units, and 2 plots in Project Royal Rajvilas, Udaipur,…
Artha India Ventures successfully completed the first close of its second fund at ₹250 crore, targeting a total corpus of ₹500 crore. The fund will invest in early-stage startups…
Entrackr reports a decline in UPI transaction volumes for major players like PhonePe and Google Pay in September, with gaming-related payments dropping to zero. The slowdown is…
SpeakX, an edtech startup, raised $16 million in a funding round led by WestBridge to offer English learning courses in regional languages. The funds will support technology…
Headnote: The Supreme Court of India dismissed the appeal filed by Varun Kumar @ Sonu challenging his conviction under Sections 363, 366, 376, and 377 IPC by the Himachal Pradesh…
Headnote: The Supreme Court in Alan Mervyn Arthur Stephenson v. J. Xavier Jayarajan 2025 INSC 1228 dismissed a petition filed under Section 11 5 of the Arbitration and…
Headnote: The Supreme Court in Kachara Vahatuk Shramik Sangh v. Ajoy Mehta & Ors. 2025 INSC 1227 addressed allegations of non-compliance by the Brihanmumbai Municipal Corporation…
Headnote: The CESTAT, Principal Bench, New Delhi, allowed three appeals filed by Centre for Entrepreneurship Development, Madhya Pradesh, a State Government Undertaking, holding…
Headnote: The appellant, M/s Globe Ground India Pvt. Ltd., challenged the partial demand of service tax, interest, and penalty raised by the Commissioner of CGST, Delhi South for…
Headnote: The Directorate of Enforcement ED , Panaji Zonal Office, conducted extensive search operations on 10 October 2025 at six locations across Goa, New Delhi, and Chandigarh…
The Gujarat High Court directed the CBDT to extend the ITR filing deadline for cases requiring audit by one month. The order aims to provide taxpayers adequate time for…
The government announced that GST concessions for orthopedically disabled car buyers will be discontinued from October 2025. The decision impacts financial planning for affected…
The Income Tax portal introduced a feature allowing taxpayers to track when their submissions are under review by Assessing Officer AO or Commissioner Appeals . This update…
The Union Home Minister announced the establishment of a new NSG National Security Guard hub in Ayodhya, aimed at strengthening counter-terrorism response capabilities in the…
The ICAI released a handbook providing detailed guidance on certificates issued by Chartered Accountants, including checklists and standard formats. The resource aims to enhance…
This article analyzes how WazirX, a cryptocurrency exchange, rebooted operations and achieved growth post-regulatory challenges. It explores strategies like product…
The ITAT disallowed ₹20,000 incremental rent paid to a related party under Section 40A 2B as excessive, remitting the matter for documentary verification. The tribunal analyzed…
The Kerala High Court granted police protection to a Christian school facing protests related to its uniform policy and the hijab controversy. The court noted the importance of…
A five-judge Supreme Court bench is examining whether a larger bench reference is needed to address issues related to promotions of judicial officers, including seniority and…
Chief Justice of India BR Gavai inaugurated a new court building in Dr. B.R. Ambedkar’s ancestral village, symbolizing the judiciary’s commitment to access to justice and honoring…
NIPL, a fintech startup, announced a partnership with NTT Data to extend UPI payments to Japan, marking the first cross-border expansion for the Indian UPI system. This strategic…
Thyrocare, owned by PharmEasy, reported an 81% year-on-year increase in Q2 profits to ₹48 crore, driven by strong diagnostic demand and cost optimization measures. The growth…
Ahead of Diwali, a surge in ITR and audit report filings caused technical failures in the Income Tax e-filing portal, leading to complaints from Chartered Accountants. The rush…
The CESTAT set aside the confiscation of dry dates imported without proper scientific or documentary evidence of foreign origin. The tribunal emphasized that seizure cannot be…
The Government launched the Employees’ Enrolment Campaign 2025 to enhance participation in the organized social security system through the EPFO. The campaign aims to ensure…
The ITAT remitted a case for re-examination due to lack of proper opportunity given to the assessee to explain transactions with alleged bogus creditors. The decision underscores…
Curie Money, a UPI-based fintech app, expanded access to all users, removing prior restrictions, while LXME launched a women-focused UPI payment platform. Both initiatives aim to…
Airbound, a logistics drone startup, raised $8.6 million in funding to scale drone manufacturing and logistics operations. The capital will support production ramp-up, R&D, and…
SpeakX, an edtech startup, raised $16 million to offer English learning programs in regional Indian languages, targeting tier-2 and tier-3 cities. The funds will be utilized to…
LeadSquared, a CRM and marketing automation platform, reduced its financial losses by 45% in FY25 while posting modest growth in revenue. The company focused on cost optimization,…
Houseeazy, a proptech startup, raised ₹150 crore in a Series B funding round led by Accel to expand operations beyond Delhi NCR. The capital will be used to scale its…
Livspace, an interior design and home solutions startup, reported ₹1,460 crore in revenue for FY25, with losses reducing by 42% year-on-year. The company attributes improved…
Two Brothers Organic Farms raised ₹110 crore in Series B funding to expand its global footprint for organic produce exports. The investment will enhance supply chain capabilities,…
Google announced a $1.5 billion investment to build its largest AI hub in Visakhapatnam, India, aiming to strengthen AI research, talent development, and technology solutions. The…
The Kerala High Court upheld the transfer of a KSRTC driver involved in a public altercation with MLA KB Ganesh Kumar, noting that administrative transfers serve institutional…
The ITAT reduced the alleged taxable income of a Non-Resident Indian by 97% in a dispute over Rs 2.28 crore. The tribunal found substantial discrepancies in the tax department’s…
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