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The Ministry of Food Processing has taken a proactive stance to address the GST-related concerns of the food industry, led by Minister Chirag Paswan. One major issue raised…
The Department of Financial Services DFS is spearheading efforts to promote the expansion of digital payments both domestically and internationally. This initiative is a part of…
In response to growing concerns over tax evasion, Gujarat's GST department has launched a crackdown on bogus GST registrations. The drive aims to identify fraudulent entities…
Six of India's top-valued companies have collectively added Rs 19 lakh crore to their overall market valuation. ICICI Bank and HDFC Bank were the biggest gainers, contributing…
The article provides a comprehensive update on the latest news in India, covering various sectors including politics, economy, and social issues. Key highlights include…
The Supreme Court has upheld the Securities Appellate Tribunal's SAT order in the case involving Linde India and its transactions with Linde South Asia Services. The case revolved…
HDFC Credila, a leading education loan provider, is preparing for an initial public offering IPO worth Rs 5000 crore. The IPO aims to raise funds to expand its loan portfolio and…
The article provides updates on the latest company news, including significant developments in various industries. Key highlights include mergers and acquisitions, financial…
The Ministry of Corporate Affairs MCA has implemented key provisions of the Competition Amendment Act, 2023, effective from September 19, 2024. This marks a critical step toward…
The Indian government has initiated a comprehensive review of the IGST Integrated Goods and Services Tax settlement mechanism following complaints from states like Tamil Nadu and…
The High Court of Bombay at Goa has quashed the appointment of retired district court judge Cholu Gauns as a member of the Goa Real Estate Regulatory Authority RERA . The court…
The Uttar Pradesh Real Estate Regulatory Authority UPRERA is addressing complaints of promoters arm-twisting allottees. Promoters have been accused of using coercive tactics to…
The Finance Ministry and the Reserve Bank of India RBI are set to decide on the borrowing program for the October-March period and take a call on the Sovereign Gold Bond scheme.…
The Delhi High Court quashed an order canceling a taxpayer’s GST registration, citing that the show cause notice SCN lacked specific reasons for the cancellation. The court…
The National Company Law Appellate Tribunal NCLAT ruled that any dues arising before the commencement of the Corporate Insolvency Resolution Process CIRP must align with the…
In a dowry death case under Section 304B of the Indian Penal Code, the Supreme Court acquitted the parents-in-law of the deceased, citing insufficient evidence to prove dowry…
In a case concerning the cancellation of a GST registration, the Allahabad High Court directed the tax department to provide all documents referenced in the show cause notice SCN…
The Karnataka High Court directed marriage counseling in a case involving a marital dispute where a religious leader, Swamiji Gavisiddeshwara, was accused of interference. The…
The Allahabad High Court is hearing a Public Interest Litigation PIL calling for the establishment of separate duty rooms for female doctors at Swaroop Rani Nehru Hospital. The…
The Allahabad High Court heard a petition regarding the 19-day delay in filing an election petition against Prime Minister Narendra Modi during the 2019 Lok Sabha elections. The…
The Gujarat High Court ruled that not every failure to marry a woman after promising marriage constitutes rape. The court emphasized that the circumstances and intentions of both…
The Allahabad High Court ruled that spouses living separately due to job commitments does not amount to desertion under divorce laws. The court clarified that physical separation…
The Kerala High Court observed the necessity of amending the Food Safety and Standards Act, noting that unadulterated food items were scarcely available in the market. The court…
The Jharkhand High Court confirmed the death sentence of a man convicted in a brutal rape and murder case, emphasizing the heinous nature of the crime and the lack of mitigating…
A Public Interest Litigation PIL has been filed in the Supreme Court seeking an investigation into the alleged use of adulterated ghee in the famous Tirupati temple’s laddus. The…
The National Human Rights Commission NHRC took suo motu cognizance of reports highlighting the death of a Chartered Accountant CA due to excessive work pressure. The commission…
The Lokpal of India has refused to initiate an inquiry against the SEBI chief based solely on the Hindenburg report, which alleged various irregularities. The anti-corruption…
The Supreme Court ordered Jaiprakash Associates Limited JAL to pay over ₹305 crores as compensation for land acquired for a cement project, which was later transferred to…
The Supreme Court ruled that temporary workers engaged in the Maharashtra Public Works Department are entitled to holidays on the 2nd and 4th Saturdays of each month. The court…
The Supreme Court addressed a case involving the filing of a fake Special Leave Petition SLP , where the conduct of a notary was called into question. The court ruled that any act…
The Supreme Court criticized a High Court’s decision to dismiss an FIR quashing petition as infructuous due to the petitioner’s arrest. The apex court noted that the mere arrest…
The Supreme Court ruled that even non-signatories to an arbitration agreement could be bound by it if their conduct demonstrates an intention to be part of the agreement. The…
The Gujarat High Court nullified an arbitral award citing patent illegality and concerns over the impartiality of the arbitrator. The court found that the arbitrator failed to…
The National Company Law Appellate Tribunal NCLAT New Delhi addressed a case where a resolution plan proposed zero payment to operational creditors. The tribunal held that while…
The Delhi High Court ruled on the tax implications of income allocation between India and the UAE under the Double Tax Avoidance Agreement DTAA . The court clarified that holding…
The CESTAT Ahmedabad addressed a case regarding CENVAT credit usage after the abolition of the Education Cess. The tribunal held that taxpayers could not use accumulated CENVAT…
The Himachal Pradesh High Court ruled that when proceedings under both the Central GST CGST and State GST SGST Acts are initiated simultaneously, they should be transferred to the…
The Kerala High Court affirmed that the Income Tax Department can retain interim custody of seized currency notes during ongoing investigations, provided the magistrate authorizes…
CESTAT ruled that importers are not required to declare the Maximum Retail Price MRP of goods in the bill of entry. The tribunal found that MRP is only relevant for assessing…
The Income Tax Appellate Tribunal ITAT ruled that interest income earned from deposits made with co-operative banks qualifies for deduction under Section 80P 2 d of the Income Tax…
In a decision by the Customs, Excise, and Service Tax Appellate Tribunal CESTAT , it was ruled that CENVAT credit cannot be disallowed simply because the claimant classified…
The CESTAT ruled that the erroneous payment of duty or tax does not constitute unjust enrichment under Section 11B of the Excise Act. The case involved a company that mistakenly…
The ITAT directed fresh adjudication of an income tax case where the taxpayer failed to appear before the Commissioner of Income Tax Appeals due to an email communication error.…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that the demand for 6% of CENVAT credit is not sustainable if the taxpayer has already paid the credit along…
The Income Tax Appellate Tribunal ITAT clarified that co-operative banks that operate as commercial banks are excluded from the benefits under Section 80P 4 of the Income Tax Act.…
The Delhi High Court upheld a penalty imposed on Container Corporation of India CONCOR for failing to properly account for imported goods stored under its custodianship. The goods…
The Kerala High Court ruled that the Income Tax Department is competent to retain interim custody of seized currency notes during ongoing investigations or proceedings. The case…
The Madras High Court quashed an ex-parte income tax assessment order where the tax authorities failed to consider the taxpayer's submissions. The court held that the tax…
The Jharkhand High Court ruled that the clearance values of a sole proprietorship and a private limited company should not be clubbed together for the purpose of calculating…
The Madras High Court raised concerns about the severity of GST registration cancellation, comparing it to a "capital punishment" for traders. This analogy emphasizes the drastic…
The Ministry of Food Processing has taken a proactive stance to address the GST-related concerns of the food industry, led by Minister Chirag Paswan. One major issue raised…
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