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Indian cricketer Virat Kohli has emerged as the highest tax-paying sportsperson in India for the financial year 2023-24. Kohli, whose earnings include endorsements and salaries,…
GlaxoSmithKline Pharmaceuticals has received a substantial income tax refund amounting to Rs 222.23 crore for the assessment year 2022-23. This refund was issued following the…
A clash has emerged between the Institute of Chartered Accountants of India ICAI and the National Financial Reporting Authority NFRA regarding the proposed overhaul of Audit…
The Maharashtra government has greenlit four major projects in the semiconductor and electric vehicle EV sectors. These projects are expected to significantly bolster the state's…
According to SBI Caps, the Reserve Bank of India RBI is expected to maintain its current stance on policy rates through late fiscal year 2025. This prediction suggests 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 World Bank is preparing to conduct a survey of India's business environment with the help of consultants from DPIIT and KPMG in late September. The survey aims to assess…
The International Solar Alliance ISA and the Multilateral Investment Guarantee Agency MIGA have established a multi-donor trust fund to support solar energy projects. The fund…
The 54th GST Council meeting is set to address two critical issues—taxation on online gaming and fake GST registrations. The government has observed a rise in fake GST…
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…
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…
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…
The Supreme Court sought a response from the Bihar government regarding a plea by the Rashtriya Janata Dal RJD challenging a Patna High Court order related to a reservation law.…
The Supreme Court stayed a condition imposed by a lower court that required a YouTuber to shut down his channel as part of his bail conditions. The apex court found this condition…
The Supreme Court provided relief to two district judges who had been superseded by the Himachal Pradesh High Court collegium during the appointment process. The court questioned…
The Bombay High Court ordered that all appeal proceedings related to cases under the SC/ST Act must be video-recorded. This step aims to ensure transparency and accuracy in the…
The Orissa High Court ordered compensation for a victim of an LPG gas cylinder blast, holding the authorities responsible for failing to ensure safety standards. The court…
The Rajasthan High Court granted bail to one of the accused in the high-profile Udaipur tailor Kanhaiya Lal's murder case. The decision has sparked public debate, given the…
The Kerala High Court, in addressing the Wayanad landslide victims' mental health, also touched upon the broader economic impact on the region's hill tourism. The court urged the…
The Gujarat High Court transferred the investigation of a 9-year-old case involving the sexual assault and murder of a minor boy to the Central Bureau of Investigation CBI . The…
The Allahabad High Court asked the Deputy Commissioner of Police DCP of Gautam Buddh Nagar to provide a detailed explanation regarding the dismissal of a head constable from the…
The Gujarat High Court ruled that a police constable’s Telegram group message discussing a pay raise did not amount to causing public alarm under Section 505 of the Indian Penal…
The Jharkhand High Court ordered the state electricity board to compensate the family of a person who died due to electrocution from a live wire. The court emphasized the board’s…
In a significant interpretation of the Hindu Marriage Act, the Madhya Pradesh High Court waived the mandatory six-month cooling-off period for mutual divorce petitions, citing the…
The Kerala High Court directed the District Collector to take control of a disputed church that has been at the center of a long-standing feud between the Orthodox and Jacobite…
The Jharkhand High Court ruled that individuals acquitted of criminal charges cannot automatically claim compensation for alleged human rights violations that occurred during the…
The Madras High Court ordered a CBCID Crime Branch Criminal Investigation Department investigation into allegations of harassment faced by convicted prisoners. The court took…
In a case focusing on environmental protection, the Supreme Court directed project proponents, who have obtained permissions for tree felling, to provide detailed data on their…
The Supreme Court dismissed a Public Interest Litigation PIL seeking a Central Bureau of Investigation CBI probe into certain television channels accused of manipulating exit…
The Supreme Court reaffirmed that an auction purchaser under the Insolvency and Bankruptcy Code IBC is entitled to the benefit of the COVID-19 limitation extension, despite 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 Central Board of Indirect Taxes and Customs CBIC has notified the implementation of the Customs Rules 2022 for Export Oriented Units EOUs regarding the import of goods. The…
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…
Bollywood superstar Shah Rukh Khan has emerged as India’s top tax-paying celebrity, reflecting his continued success and substantial earnings. The article discusses Khan's role as…
The Bombay High Court recently nullified a Principal Commissioner of Income Tax PCIT sanction notice and a subsequent reassessment order, citing "non-application of mind" to the…
The Directorate General of Foreign Trade DGFT has made amendments to Appendix 3 of the Special Chemicals, Organisms, Materials, Equipment, and Technologies SCOMET under the ITC HS…
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…
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 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…
The ITAT has remanded a case back to the Commissioner of Income Tax Appeals after finding that the appellate authority had pronounced an ex-parte decision without considering an…
The Rajasthan High Court addressed the procedural issues surrounding disability certificates and medical examinations for public employment. The court emphasized that candidates…
The number of demat accounts in India has surpassed 171 million, driven by growing investor interest in initial public offerings IPOs . This surge reflects a significant increase…
The Indian Rupee has approached the 84 mark against the US Dollar, closing at a new low of 83.99. This depreciation reflects ongoing pressure on the Rupee due to various factors,…
Indian cricketer Virat Kohli has emerged as the highest tax-paying sportsperson in India for the financial year 2023-24. Kohli, whose earnings include endorsements and salaries,…
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