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The Customs, Excise and Service Tax Appellate Tribunal CESTAT has ordered a refund of ₹28.3 lakh to the Bank of Baroda, which pertains to untransitioned Cenvat credit carried over…
The Authority for Advance Rulings AAR has ruled that comprehensive water supply planning services provided to municipal corporations are not subject to GST. The ruling was based…
The Directorate General of Foreign Trade DGFT has granted the Odisha government an additional 12 months to complete the export of Red Sanders Heart Wood in log form. This…
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,…
India has surpassed China to become the top-weighted country in the MSCI Emerging Markets Index. This shift highlights India’s growing influence and attractiveness as an…
On September 5, 2024, the Sensex and Nifty 50 indices closed in the red, reflecting a downturn in the stock market. Additionally, SEBI workers staged a protest at the Mumbai…
In a recent statement, the Minister of Kerala emphasized the crucial role of Micro, Small, and Medium Enterprises MSMEs in the state's industrial ecosystem. MSMEs are seen as…
The Allahabad High Court has granted bail to one of the accused in a massive Rs 2645.29 crore GST scam. The accused was allegedly involved in fraudulent GST transactions aimed at…
The Bombay High Court has directed the refund of withheld stamp duty in a case involving the cancellation of a development agreement. The court found that the authorities had…
The Directorate General of Foreign Trade DGFT has set the export quota for raw cane sugar to the United States at 8606 metric tons under the upcoming Tariff Rate Quota TRQ scheme.…
The Offer for Sale OFS of General Insurance Corporation of India GIC Re witnessed a strong response from retail investors on its second day, with subscriptions exceeding three…
The GST Council is set to deliberate on the tax treatment of life and health insurance products in its upcoming meeting. This decision is crucial as it will impact the GST rates…
Bajaj Allianz Life Insurance has introduced the Nifty 200 Alpha 30 Index Fund tailored specifically for Unit Linked Insurance Plan ULIP customers. This new fund aims to provide…
Royal Sundaram has launched a refreshed brand identity to better align with the Sundaram Group's legacy of excellence. The new branding reflects the company's commitment to…
Indian business tycoons Mukesh Ambani and Gautam Adani are actively engaging small retail investors, or "mom-and-pop" investors, to participate in the financial markets. Their…
The Allahabad High Court has ruled that poker and rummy are games of skill, not gambling, under Indian law. This judgment addresses long-standing debates on the legality of these…
The ITAT has directed the Assessing Officer AO to delete the additional tax liabilities imposed on an assessee regarding term deposit maturity and redemption. The lower…
The Income Tax Appellate Tribunal ITAT has restored a case to the Commissioner of Income Tax Appeals for re-adjudication concerning income escaping assessment under Sections 147…
The Supreme Court of India has ordered the Sahara Group to deposit Rs 1000 crore within a month as part of the ongoing legal proceedings. This directive is related to a…
New regulations for small savings schemes, including the Public Provident Fund PPF and Sukanya Samriddhi Yojana, will take effect from October 1, 2024. The updated rules are…
Indian Transport Minister Nitin Gadkari has announced that electric vehicle EV manufacturers will no longer require government subsidies to thrive. The government’s previous…
With the rise in mergers and acquisitions M&A activities in India, companies are increasingly focusing on strengthening their in-house legal teams. The surge in M&A deals has…
M. Nagaraju has emphasized the importance of integrating 80% of Micro, Small, and Medium Enterprises MSMEs into the formal financial system. Many MSMEs currently operate in the…
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 Chairman of the Indian Banks’ Association IBA has voiced concerns about the competitive disadvantage banks face compared to mutual funds. The IBA argues that mutual funds…
Digital banking has simplified the process of making donations to KVT Krishna Vani Trust in Varanasi. The advent of digital payment methods has made it more convenient for donors…
Banks are advocating for a more level playing field with mutual funds regarding deposit mobilization. Currently, mutual funds are seen as having certain advantages that banks…
SBI’s Chief Security Officer, Setty, has highlighted the banking sector's ongoing struggle to recruit skilled professionals in cyber security. As banks increasingly rely on…
The Andhra Pradesh High Court has denied relief to YSR Congress Party leaders who sought to quash an FIR related to an attack on the TDP office and the residence of former Chief…
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…
The Delhi High Court has mandated that pre-institution mediation is now compulsory for counterclaims in commercial suits. This decision aims to encourage dispute resolution…
The Punjab and Haryana High Court has highlighted the government’s significant role in the growing pendency of legal cases. The court criticized the state’s failure to address…
A Kerala court has granted anticipatory bail to actors Mukesh and Edavela Babu in a high-profile rape case. The case involves serious allegations of sexual assault against the two…
The Delhi Court reviewed arguments related to charges in the Delhi riots conspiracy case, assessing the evidence and legal arguments presented. The case involves allegations of…
The Punjab & Haryana High Court affirmed that a woman's right to live freely cannot be overridden by court orders or external pressures. The ruling underscores the importance of…
The Rajasthan High Court mandated that a preliminary enquiry should be conducted before registering an FIR in commercial cases. The court's directive aims to ensure that there is…
The Madras High Court ruled on the deadline for losing parties to challenge an arbitration award. The court emphasized that there is a specific time frame within which parties…
Nykaa filed a lawsuit against its former Chief Business Officer, Gopal Asthana, alleging data theft and employee poaching. The complaint includes claims that Asthana improperly…
The Delhi High Court addressed the issue of the lack of a clear policy for property mutation in urbanized villages. The court's decision highlights the need for comprehensive…
The Kerala High Court ruled that the police should not interfere in civil disputes or adjudicate matters that fall within the purview of civil courts. This decision clarifies the…
The Allahabad High Court addressed a case involving an FIR related to the marriage of a 12-year-old girl. The court's decision emphasizes the legal provisions protecting minors…
The Kerala High Court addressed concerns about the proposed alignment of the Thiruvananthapuram-Thavanur bridge across the Bharathapuzha River, which was challenged on grounds of…
The Allahabad High Court directed the Uttar Pradesh government to provide an effective reply regarding the implementation of a ban on Chinese manjha kite string . The court's…
The Allahabad High Court ruled that co-accused individuals cannot be implicated under Section 149 of the Indian Penal Code IPC without evidence of a common object or meeting of…
The Karnataka High Court has suspended a lookout notice issued against developer Sushil P. Mantri. The notice was part of an ongoing legal dispute, and the court's suspension…
The Kerala High Court has constituted a special bench to review the Hema Committee's report, which addresses critical issues within its jurisdiction. The special bench will…
The Karnataka High Court ruled that future prospects of earnings must be considered in compensation cases related to injuries. The court's decision acknowledges that injuries can…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT has ordered a refund of ₹28.3 lakh to the Bank of Baroda, which pertains to untransitioned Cenvat credit carried over…
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