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HSBC is set to develop a significant personal banking hub in India, aiming to expand its footprint in the country's financial services sector. The new hub will focus on offering a…
The ITAT has ruled that capital gains tax should be triggered based on the date of possession, not the issuance of the occupancy certificate. The ruling came in response to a…
The article announces that 29 banks have now been integrated into the GST payment system, allowing businesses and taxpayers more flexibility in making their GST payments. This…
The Allahabad High Court ruled that failing to disclose a new GST registration is not a sufficient reason to dismiss a GST appeal. The petitioner had not informed authorities…
The Madras High Court set aside a GST order due to the denial of a personal hearing caused by a printing error in the Show Cause Notice SCN reply form. The petitioner argued that…
The Income Tax Appellate Tribunal ITAT denied an exemption under Section 10 38 of the Income Tax Act for long-term capital gains on share sales. The Tribunal found that the…
In a significant ruling, the Customs, Excise, and Service Tax Appellate Tribunal CESTAT provided relief to Jio by ruling that there was no basis for the recovery of interest or…
The Allahabad High Court raised concerns about the misuse of the Protection of Children from Sexual Offences POCSO Act and the shortage of radiologists for conducting ossification…
The article previews the upcoming GST Council meeting, which aims to address several sector-specific challenges and consider relief measures. Key items on the agenda include…
In a significant ruling, the Supreme Court of India held that the COVID-19 extension benefit is available for delayed auction purchase deposits under the Insolvency and Bankruptcy…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT ruled that franchisors are not liable for service tax on advertisement charges paid by franchisees. The case…
Finance Minister Nirmala Sitharaman has clarified that there is no friction between the Centre and the states regarding GST. She emphasized the importance of respecting the…
New GST filing rules introduced by the government are expected to boost transparency and efficiency within the tax system. Key changes include the implementation of automated…
The 54th GST Council meeting is set to focus on two critical issues: rate rationalization and reforms in the real estate sector. The Council, chaired by Finance Minister Nirmala…
The Goods and Services Tax Network GSTN has introduced biometric-based Aadhaar authentication and document verification for GST registration applicants in Bihar, Delhi, Karnataka,…
The Delhi High Court's ruling in the dispute between Delhi University and St. Stephen's College concerning the seat matrix confirms the university's authority over admissions…
In a recent ruling, the Madras High Court overturned a GST order concerning the Input Tax Credit ITC under the Integrated Goods and Services Tax IGST Act. The court found that the…
The Reserve Bank of India RBI has imposed penalties on three housing finance companies for breaching regulatory norms. The penalties are part of the RBI's ongoing efforts to…
The article highlights the government's decision to continue charging an 18% GST rate on electric vehicle EV charging at public stations. This announcement clarifies earlier…
A Delhi court convicted a man for bouncing a cheque related to a lawyer's fee. The case highlights the legal consequences of failing to honor financial commitments in professional…
India’s latest initiative to develop industrial smart cities is garnering optimism due to its well-structured approach and substantial government backing. These smart cities are…
The ITAT directed the Assessing Officer AO to reassess deposits of Specified Bank Notes SBNs by an NBFC during the demonetization period, which had been treated as unexplained…
The ITAT has quashed a revision order issued by the Commissioner of Income Tax CIT after determining that the Assessing Officer AO had conducted a thorough inquiry into a…
Wockhardt's stock has experienced a significant decline, dropping 5% amid allegations of corruption involving the Securities and Exchange Board of India SEBI chief. The…
The article reports on the Labour Ministry’s approval of the EPFO Employees’ Provident Fund Organization Centralized Pension Payment System. This new system enables pension…
The Institute of Chartered Accountants of India ICAI has released a comprehensive framework for Expected Credit Loss ECL , aligned with Indian Accounting Standard Ind AS 109. This…
The article features comments by Finance Minister Nirmala Sitharaman regarding the current GST rates being below the revenue-neutral rate RNR , aimed at easing the burden on…
Godfrey Phillips India is set to deliberate on issuing bonus shares at its board meeting scheduled for September 20. The potential bonus share issue is expected to impact the…
As a deadline approaches, several Foreign Portfolio Investors FPIs are requesting extensions to liquidate their assets. The urgency stems from regulatory requirements or market…
On September 6, 2024, updates from the Bombay Stock Exchange BSE Sensex and Nifty provide insights into the current state of the Indian stock market. The updates reflect recent…
In the context of declining stock markets, investors in India are advised to adopt certain strategies to manage their portfolios effectively. Key tips include diversifying…
Ather Energy, an electric vehicle manufacturer, plans to raise Rs 4,500 crore through an Initial Public Offering IPO and aims for a valuation of $2.5 billion. The IPO is a…
Vodafone is considering selling a 2.5% stake in its Indian subsidiary as part of its strategy to streamline operations and raise capital. The proposed sale is expected to attract…
The article reports on Hunter Biden, son of U.S. President Joe Biden, pleading guilty to charges of tax evasion involving $1.4 million in unpaid federal taxes. The case has…
Rakesh Arora predicts that the shift from public sector banks PSUs to private banks is likely to persist in the coming months. This trend is attributed to private banks' superior…
The Kerala High Court has imposed a cap on the number of tourists visiting hill stations in the state to manage environmental impact and prevent over-tourism. The decision comes…
In a tragic incident in Uttar Pradesh, a woman lawyer has been found murdered, with her body discovered mutilated in a canal. This heinous crime has shocked the legal community…
The Delhi High Court has issued new circulars concerning admissions under the Economically Weaker Sections EWS quota. These circulars provide updated guidelines and procedures for…
The Bombay High Court has transferred the investigation into the murder of a Shiv Sena leader, which was broadcast live on Facebook, to the Central Bureau of Investigation CBI .…
The Supreme Court of India is contemplating the establishment of guidelines to address delays in deciding mercy pleas and executing death penalties. This consideration comes in…
The Kerala High Court has addressed the issue of an accused's right to access material not relied upon by the prosecution. This ruling is significant as it clarifies that an…
The Punjab and Haryana High Court has denied bail to an individual accused of money laundering who had sold properties that were subsequently attached by the Enforcement…
The Bombay High Court has granted interim relief to Hindustan Unilever Limited HUL in a legal dispute concerning its Ensure dietary supplement advertisements. The dispute arose…
The Gujarat High Court has mandated that the state government publicize and effectively implement a new law aimed at curbing black magic and superstitions. The law, which targets…
The Supreme Court of India recently dismissed a Public Interest Litigation PIL seeking the installation of toilets in cricket stadiums across the country. The petition had argued…
The Supreme Court sought a report regarding the Madras High Court's decision to re-hear a case that had been previously quashed under the Prevention of Money Laundering Act PMLA .…
Ahead of Ganeshotsav 2024, the National Green Tribunal NGT issued a set of guidelines aimed at controlling noise pollution in Pune during the festival. The tribunal directed local…
The Supreme Court dismissed a petition seeking the continuation of virtual hearings in district courts across the country. The petitioner had argued that virtual hearings improve…
The Supreme Court granted bail to Bhushan Steel's Managing Director Neeraj Singal, who was arrested in connection with a multi-crore fraud case. The court considered the long…
The Supreme Court dismissed a petition challenging the use of the lotus as the Bharatiya Janata Party's BJP election symbol. The petitioner argued that the lotus is India's…
HSBC is set to develop a significant personal banking hub in India, aiming to expand its footprint in the country's financial services sector. The new hub will focus on offering a…
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