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…
22/09/20241 min read
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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 Orissa High Court ruled that tractor trolleys are classified under Section 2 h of the Orissa Entry Tax Act, making them liable for entry tax. This case arose from a dispute…
The Madras High Court has set aside a GST demand order under Section 73 9 of the GST Act, citing that the tax department rejected the taxpayer’s reply to the show cause notice SCN…
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 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…
The Central Board of Direct Taxes CBDT has issued the Direct Tax Vivad Se Vishwas Rules 2024 to streamline the resolution of long-pending tax disputes. This initiative allows…
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 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…
Justice V. Srishananda of the Karnataka High Court issued a public apology for remarks made during a court hearing that were deemed inappropriate. The apology underscores the high…
The Ministry of Corporate Affairs has notified the Second Amendment Rules for the National Financial Reporting Authority NFRA . The amendments are aimed at enhancing the…
This is a repeat of the earlier entry concerning the Supreme Court's ruling on temporary workers in the Maharashtra Public Works Department being entitled to 2nd and 4th Saturday…
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…
Infosys has announced an investment of Rs 17 crore in GalaxEye, a space technology startup incubated at the Indian Institute of Technology Madras IIT-M . GalaxEye specializes in…
Capital A, a venture capital firm, has launched its second fund, Fund II, with a corpus of Rs 400 crore. The fund is specifically targeted at investing in startups operating in…
The Securities and Exchange Board of India SEBI has permitted mutual funds to participate in the buying and selling of credit default swaps CDS . This regulatory change aims to…
The BSE Sensex and Nifty indices experienced significant fluctuations during the trading session on September 20, 2024. The market witnessed a mix of gains and losses across…
The Delhi High Court sought a response from the Enforcement Directorate ED regarding the arrest and remand of AAP MLA Amanatullah Khan. The court examined the grounds for the…
The Gujarat High Court addressed a plea for the registration of an FIR against police officers allegedly involved in beating a 14-year-old boy. The court expressed concern over…
The Karnataka High Court received a letter from the Advocates Association of Bangalore expressing concerns over the stoppage of live streaming of court proceedings. The…
The Delhi High Court addressed allegations of corruption against Swati Maliwal, the Chairperson of the Delhi Commission for Women DCW , regarding appointments made to the…
The Karnataka High Court ruled that public speeches should not malign the character of any person under the guise of dissent. This ruling came in the context of a defamation case…
The Karnataka High Court dismissed petitions filed by medical students seeking grace marks under the Graduate Medical Education Regulations. The students argued that they were…
The Allahabad High Court granted bail to an individual accused of making casteist remarks against former President Ram Nath Kovind on Facebook. The court observed that the accused…
The Karnataka High Court issued guidelines for the live streaming and recording of court proceedings. The guidelines aim to enhance transparency and accessibility in the judicial…
The Kerala High Court addressed a Public Interest Litigation PIL concerning the charging of money for donor room accommodations at the Sabarimala temple. The court emphasized that…
The Allahabad High Court observed that trial court judges often convict accused individuals despite clear grounds for acquittal to avoid action by the High Court. This observation…
The Rajasthan High Court granted bail to a man accused of abetting his wife’s suicide, noting that his extra-marital affair alone did not constitute abetment under Section 306…
The Delhi High Court’s Acting Chief Justice Manmohan discussed the implementation of an AI tool developed by the National Informatics Centre NIC to generate summaries of legal…
The Gujarat High Court quashed a Show Cause Notice SCN that demanded 18% GST on uncooked extruded snack pellets, ruling that the applicable GST rate is 5%. This decision provides…
The Madras High Court ruled that taxpayers can challenge the imposition of penalties even if the underlying tax has been paid. The court directed the GST Department to take the…
The CBI filed a case against a Senior Audit Officer from the Indian Audit and Accounts Department in Raipur for possessing disproportionate assets. The investigation revealed that…
The Allahabad High Court ruled that there is no provision under the GST Act that mandates the disclosure of the exact route of transportation for goods. The court quashed the…
The Central Bureau of Investigation CBI arrested a Customs Deputy Commissioner, a Superintendent, and two other individuals, including a Customs House Agent CHA , in a bribery…
The Central Board of Direct Taxes CBDT has officially notified the Direct Tax Vivad Se Vishwas Income Tax Amnesty Scheme 2024, which will take effect from October 1. The scheme…
The Authority for Advance Rulings AAR clarified that natural fibre composite boards bonded with PVC resin would attract 12% GST. The ruling was sought to resolve ambiguities in…
The Central Board of Indirect Taxes and Customs CBIC has issued a notification revising the definition of "laboratory chemicals" under the Customs Tariff Act. The change is aimed…
The Madhya Pradesh High Court ruled that GST authorities cannot invoke the provisions of the Indian Penal Code IPC without first applying the specific penal provisions outlined in…
The Gauhati High Court quashed GST Notification 56/2023, which extended deadlines for demand orders under GST. The court ruled the notification as ultra vires to Section 168A of…
Technical issues with the Income Tax portal have caused significant delays in the filing of audit reports, leading to widespread frustration among tax professionals and taxpayers.…
The Central Government has announced the launch of the Direct Tax Vivad Se Vishwas Scheme 2024, set to commence on October 1, 2024. This scheme is aimed at resolving pending…
Sun Pharma was penalized Rs. 35.43 lakh for unpaid GST on recoveries between July 2017 and March 2020. The penalty arose due to discrepancies in the company's GST compliance,…
A subsidiary of Zydus Wellness received a tax demand of Rs. 10.51 million from the Bihar tax authorities. This demand has negatively impacted the company's stock prices as…
The Reserve Bank of India RBI purchased a net $6.93 billion in the spot foreign exchange market in July, as per the central bank's monthly bulletin. The RBI bought $23.57 billion…
According to the Reserve Bank of India RBI , net foreign direct investment FDI in India increased to $5.5 billion during the April-July period of the current financial year FY25 ,…
The Reserve Bank of India's RBI latest bulletin highlights that despite a lower Consumer Price Index CPI for August, food inflation remains a contingent risk. The bulletin notes…
Authorities in the Nilgiris district have issued demolition notices to 35 illegally constructed resorts in the Segur Elephant Corridor within the Mudumalai Tiger Reserve MTR .…
The Mumbai Grahak Panchayat MGP has defended the legality of the MahaRERA Conciliation Forum, which aims to resolve disputes between homebuyers and builders in Maharashtra. The…
The Department for Promotion of Industry and Internal Trade DPIIT has referred a complaint against quick e-commerce players to the Competition Commission of India CCI for further…
Despite their significant contribution to India's GDP, the credit share of Micro, Small, and Medium Enterprises MSMEs has slumped to 6.3%. This decline highlights the challenges…
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…
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