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A former Central Excise Superintendent has been sentenced to three years of rigorous imprisonment for involvement in bribery, according to a ruling by a CBI court. The case…
The 54th GST Council meeting introduced a significant change with the approval of a B2C e-invoicing pilot aimed at enhancing efficiency in the retail sector. This initiative is…
The Madras High Court has ruled that light green float glass with a tinted, non-wired type should be classified as tinted glass. This classification impacts how such glass is…
A lawyer has issued an apology after sending emails to a court registry suggesting that Justice Oka should not hear his case. The incident highlights issues related to the conduct…
The Supreme Court has granted bail to an undertrial prisoner, stressing the right to a speedy trial and the principle that the trial process itself should not become a form of…
The Supreme Court has ruled that a conviction for dowry death under Section 304B of the Indian Penal Code is unsustainable if the demand for dowry cannot be established. This…
The Supreme Court has ruled that court-martial proceedings are invalid if the reasons for appointing a junior officer as Judge Advocate are not recorded. This decision emphasizes…
The Supreme Court of India has ruled that a real estate developer must compensate a buyer if the possession of a flat is offered without the completion of required firefighting…
The Indian government plans to expand its credit guarantee schemes by an additional Rs 5 trillion over the next two years. This move aims to stimulate economic growth by providing…
The Income Tax Department has issued notices for refund failures due to the lack of linkage between PAN Permanent Account Number and bank accounts. This development is part of a…
The Bombay High Court has quashed a provisional attachment order that was issued without a written order. The case involved the provisional attachment of assets in a GST-related…
The Tribune India provides an estimate of India’s GDP growth rate for FY25, as projected by the RBI and financial analysts like Nomura. The forecast suggests moderate growth…
The Supreme Court of India has clarified that arbitration courts, when deciding on referrals, should avoid delving into contested questions involving complex factual disputes.…
The Delhi High Court ruled that the cancellation of GST registration does not absolve taxpayers from their statutory non-compliance or tax liabilities. The court emphasized that…
The Delhi court has granted interim bail to Engineer Rashid, a prominent political figure from Jammu and Kashmir, allowing him to participate in the forthcoming elections in the…
A tragic incident occurred with the death of a lady associate professor from NLU Odisha. The circumstances surrounding her death are under investigation, and the academic…
The Delhi High Court has ruled that GST registration cancellation should not be withheld based on the assessment of the petitioner's liability. This decision clarifies that the…
In Gurgaon, RERA will scrutinize the consent forms submitted by developers for making changes to real estate projects. The authority’s focus is on verifying that the required…
The Reserve Bank of India RBI has imposed a penalty of ₹1 crore on HDFC Bank for regulatory non-compliance. The penalty is a result of the bank's failure to adhere to specific…
The Calcutta High Court ruled that the benefit of Section 14 of the Limitation Act, which provides for exclusion of time spent in legal proceedings, can be invoked in cases under…
The Delhi High Court ruled that the twelve-month period for delivering an arbitral award begins from the completion of pleadings rather than the statement of defense. This…
The Supreme Court has held that arbitration courts, at the referral stage, should not delve into contested questions involving complex facts. This decision reinforces the…
The Income Tax Appellate Tribunal ITAT ruled that Section 115JB 2B of the Income Tax Act, which deals with Minimum Alternate Tax MAT , does not apply to Union Bank due to its…
The Delhi High Court ruled that an order issued under Section 9 of the Arbitration Act, which is based on a settlement between parties, is enforceable as a decree. This decision…
The ITAT has ordered a review of an income tax deduction claim under Section 80I for a windmill business, amid conflicting precedents. Section 80I provides deductions for certain…
The Delhi High Court ruled that the cancellation of GST registration does not absolve taxpayers from their statutory non-compliance or tax liabilities. The court emphasized that…
Bank of America has initiated an internal investigation after a whistleblower alleged that the bank disclosed confidential information about clients. The complaint reportedly…
The National Company Law Appellate Tribunal NCLAT Principal Bench has clarified that the power of recall is limited to addressing procedural errors and does not extend to…
The NCLAT Principal Bench ruled that invoices deemed bogus by the Income Tax Department cannot be used as grounds for initiating insolvency proceedings against a corporate debtor.…
The Delhi High Court quashed the reopening of a tax assessment, ruling that the assessment officer's belief lacked any substantial reasoning or justification. The court found that…
The National Company Law Tribunal NCLT ruled that insolvency proceedings initiated against a personal guarantor abate upon the death of the guarantor. This decision addresses the…
The Reserve Bank of India RBI has expressed concerns about the credit-deposit ratio, a key metric reflecting the proportion of bank deposits that are lent out as credit. The RBI’s…
AngelList has introduced a new platform tailored for the Indian private equity market, aiming to connect investors with promising startups and venture opportunities. The platform…
The Securities and Exchange Board of India SEBI has revised the eligibility criteria for foreign venture capital investors FVIs seeking registration. The new guidelines aim to…
The Central Bureau of Investigation CBI has arrested a group of GST officers and a Chartered Accountant CA involved in a ₹60 lakh bribery scandal. The case involved the misuse of…
The Reserve Bank of India RBI has imposed a penalty of ₹1 crore on HDFC Bank for regulatory non-compliance. The penalty is a result of the bank's failure to adhere to specific…
The Allahabad High Court has granted bail to an individual accused of supporting Hamas on social media platform X/Twitter. This case involves charges related to expressing support…
The Competition Commission of India CCI clarified that businesses are not obligated to pass on the benefit of additional GST Input Tax Credit ITC to customers. This decision was…
The GST Council has deferred the decision on imposing an 18% GST on UPI transactions below ₹2,000 and has forwarded the matter to the fitment committee for further study. Concerns…
The ITAT upheld the Principal Commissioner of Income Tax PCIT 's decision to invoke Section 263, criticizing the Assessing Officer AO for not examining delays in the employer's…
At the 54th GST Council meeting, the Delhi Finance Minister raised concerns over the applicability of GST on research grants. The issue stems from whether research funding from…
The ITAT remanded a case where the Assessing Officer AO did not follow Central Board of Direct Taxes CBDT guidelines related to cash deposits made during demonetization. The AO…
The Madras High Court remanded cases related to Input Tax Credit ITC denial under Section 164 of the GST Act back to the Assessing Officer AO for a fresh review under the Finance…
The Madras High Court directed the GST department to address a taxpayer's detailed representation regarding the unlocking of a blocked credit ledger within two weeks. The taxpayer…
The Competition Commission of India CCI clarified that businesses are not obligated to pass on the benefit of additional GST Input Tax Credit ITC to customers. This decision was…
The Income Tax Appellate Tribunal ITAT ruled that deductions under Section 80P of the Income Tax Act cannot be claimed beyond the due date for filing Income Tax Returns ITR as…
Payment firms in India have been hit with GST demands for transactions under ₹2,000, sparking concerns within the industry. These firms process millions of low-value transactions…
Finance Minister Nirmala Sitharaman urged Indian industries to capitalize on Production-Linked Incentive PLI schemes during an industry conference. These schemes aim to boost…
Recent suggestions to reduce GST on insurance products from 18% to 12% may not significantly benefit policyholders, experts caution. Despite the proposed lower tax rate, the…
An Ahmedabad businessman, Anilkumar Babulal Runthala, was denied bail by the Sessions Court due to his involvement in a significant GST refund scam worth ₹175.93 crore. Runthala…
A former Central Excise Superintendent has been sentenced to three years of rigorous imprisonment for involvement in bribery, according to a ruling by a CBI court. The case…
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