The Supreme Court of India held that seniority cannot be retrospectively granted to employees from a date when they were not even part of the cadre. This ruling came in response…
01/09/20241 min read
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The Supreme Court of India held that seniority cannot be retrospectively granted to employees from a date when they were not even part of the cadre. This ruling came in response…
The Supreme Court of India ruled that when the termination of a contractual appointment carries a stigmatic impact, it is essential to follow the principles of natural justice.…
The Calcutta High Court has directed the restoration of a taxpayer's canceled GST registration due to non-filing of returns, in the absence of any dubious act or fraudulent intent…
The Bombay High Court has ruled that no penalty, interest, or pre-deposit mandate is required for appeals involving Local Body Tax LBT . This judgment provides relief to taxpayers…
This article covers a ruling by the Income Tax Appellate Tribunal ITAT directing the Assessing Officer AO to reconsider a claim for an 80P deduction under the Income Tax Act. The…
This article reports on a ruling by the Madras High Court granting a firm 45 days to reclaim its canceled GST registration. The court’s decision was based on the firm’s delay in…
This article discusses a ruling by the Income Tax Appellate Tribunal ITAT where the tribunal directed a reassessment due to a non-speaking order passed by the Commissioner of…
This article highlights a ruling by the Income Tax Appellate Tribunal ITAT that an appeal before the Commissioner of Income Tax Appeals CIT A cannot be dismissed on technical…
This article discusses a ruling by the Income Tax Appellate Tribunal ITAT that condoned a 288-day delay in filing an appeal due to notices being sent to the wrong email address.…
This article covers a Calcutta High Court ruling that dismissed an appeal challenging the invalidation of a reassessment under the Income Tax Act. The Income Tax Appellate…
This article reports on the Jharkhand High Court's decision to uphold the time limit for claiming Input Tax Credit ITC under Section 16 4 of the GST Act, as well as the validity…
This article discusses a ruling by the Income Tax Appellate Tribunal ITAT that invalidated an addition of jewelry under Section 69B of the Income Tax Act. The addition was based…
This article highlights a Karnataka High Court ruling allowing the revival of an income tax appeal by the department despite the case involving a low tax effect. The court…
This article discusses a decision by the Customs, Excise, and Service Tax Appellate Tribunal CESTAT which validated GAIL India Ltd.'s claim for a service tax refund. The refund…
This article covers a ruling by the Income Tax Appellate Tribunal ITAT that upheld the deletion of additions made to an assessee’s income where the sale consideration was not…
The Punjab and Haryana High Court has stayed a Show Cause Notice SCN issued by the GST authorities to a leading pharmaceutical manufacturer following an audit by the Comptroller…
The Madras High Court has ordered ECL, a company, to make a 25% pre-deposit as a condition for reconsidering its Goods and Services Tax GST case, where the accountant had failed…
The Calcutta High Court ruled that applicants seeking pandemic-related relaxation for limitation under Section 34 of the Arbitration Act cannot simultaneously claim protection…
The Income Tax Appellate Tribunal ITAT has rejected a 25% addition made to an assessee's income for unverifiable purchases under Section 153A of the Income Tax Act. The tribunal…
The Delhi High Court has ruled against the petitioner seeking the release of gold bars, citing their failure to respond to a timely Show Cause Notice SCN issued under Section 110…
The Allahabad High Court has dismissed a petition challenging a GST demand of ₹37 lakh under Section 129 of the GST Act, where the value of the goods involved was ₹31.5 lakh. The…
The Allahabad High Court has ruled that proceedings under Section 130 of the Goods and Services Tax GST Act cannot be initiated solely based on excess stock found during a survey.…
The Directorate General of Trade Remedies DGTR has increased the anti-dumping duty on Polyethylene Terephthalate PET resin imported from Wankai New Materials Co., Ltd., a Chinese…
The Shipping Corporation of India SCI is facing a significant Goods and Services Tax GST demand of Rs 160 crore for the financial year 2019-2020. The demand arises from a mismatch…
The Central Board of Indirect Taxes and Customs CBIC is set to notify key Goods and Services Tax GST provisions under the Finance Act, 2024, following the 54th GST Council meeting…
The Central Board of Direct Taxes CBDT has launched the e-Dispute Resolution Scheme e-DRS 2022 to minimize litigation and streamline the resolution of disputes. The scheme allows…
The National Commission for Women NCW has requested the Kerala government to submit the Hema Committee report without redactions. The NCW's demand for full disclosure aims to…
A plea before the Supreme Court challenges the use of bulldozers to demolish homes of individuals accused of crimes, arguing it constitutes an unfair and punitive action. The…
The Bombay High Court has ruled that appeals under Section 406 8 of the Mumbai Municipal Corporation Act MMCA cannot be pursued by the Deputy Commissioner or Commissioner without…
The Delhi High Court quashed a 47-year-old government notice directing the eviction of Indian Express from its premises. The court deemed the notice outdated and irrelevant,…
The Gauhati High Court overturned a penalty imposed by the Competition Commission of India CCI on a cement company, ruling the penalty as unjustified. The court found that the…
According to the Free Press Journal, India Post Payments Bank IPPB has made substantial strides in digital banking by disbursing over ₹45,000 crore through Direct Benefit…
Foreign Portfolio Investors FPIs have reduced their investments in Indian equities, with inflows dropping to Rs 7320 crore in August. The article attributes this decline to higher…
The article profiles Mohamed Alabbar, the businessman behind the Burj Khalifa, detailing his impressive net worth and the valuation of his company. It highlights Alabbar's role in…
PVR Inox has announced the closure of 70 underperforming cinema screens across India. The decision is driven by declining revenues and changing consumer preferences. The article…
Analysts are predicting a cautious approach to investment in the short to medium term, despite the ongoing stock market rally. The article explores reasons for this cautious…
The article provides detailed information on the allotment process for Ecos Mobility's IPO, which was finalized on September 2. It includes a step-by-step guide on how investors…
The article discusses the World Bank's revised methodology for assessing ease of doing business and its implications for India. The Department for Promotion of Industry and…
Residents of Kochi are pressing for action on stalled real estate projects in the city. The article reports that several residential and commercial projects have faced delays,…
The article details a significant real estate transaction where luxury flats worth Rs 3000 crore were sold in Ghaziabad within a span of 48 hours. This unprecedented sale…
India's foreign exchange reserves have reached an all-time high, reflecting a robust economic position and strong currency stability. The article attributes this milestone to…
This article discusses how the Navratna status awarded to certain PSU companies is likely to enhance their stock performance. Navratna status is given to state-owned enterprises…
The Hindu Business Line reports on Tata Power Company's TPCL completion of merging its subsidiaries to streamline operations and focus on growth. This consolidation aims to…
Business Standard covers Google’s partnership with Tamil Nadu to develop the AI ecosystem through an initiative called ChennAI. The collaboration aims to foster innovation and…
Aninews highlights expert predictions that Indian markets might experience volatility in September due to anticipated rate cuts by the Federal Reserve. The potential adjustment in…
Business Standard provides insights from the CMD of GIC Re, who discusses the company's strategy of diversifying into profitable areas. The focus on strategic diversification aims…
Hindustan Times features a warning from Zerodha’s Nithin Kamath about the financial vulnerability faced by many Indians, who are at risk of bankruptcy from a single…
The Central Board of Direct Taxes CBDT has introduced the e-Dispute Resolution Scheme e-DRS 2022 to minimize litigation and provide a streamlined process for resolving tax…
Chief Justice DY Chandrachud highlighted that senior advocates should hire junior lawyers through formal applications and interviews rather than relying on personal networks. This…
The Supreme Court of India has directed the Central Bureau of Investigation CBI to probe why the Archaeological Survey of India ASI and the Centre withdrew protection from the…
The Supreme Court of India held that seniority cannot be retrospectively granted to employees from a date when they were not even part of the cadre. This ruling came in response…
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