News & Judgements

The Supreme Court emphasized that child victims of traumatic sexual assault under the POCSO Act should not be repeatedly called to testify in court. The Court stressed the…

The Supreme Court ruled that statements made to the Enforcement Directorate ED by an accused under PMLA custody, which are self-incriminating in another PMLA case, are…

The Supreme Court reiterated that under the Prevention of Money Laundering Act PMLA , bail is the rule and jail is the exception. The Court emphasized that the stringent…

The Supreme Court of India expressed concern that individuals are compelled to approach the Supreme Court for bail even in cases triable by a magistrate, labeling the situation…

The live blog provides real-time updates on the BSE Sensex and Nifty indices as of August 28, 2024. It covers market movements, significant stock performances, and key economic…

The City Civil Court in Karnataka issued a restraining order preventing media outlets from defaming former Karnataka Chief Minister Basavaraj Bommai. The court's order came in…

SEBI barred top promoters of Rana Sugars for two years and imposed a fine of ₹63 crore for fund diversion and fraudulent activities. The promoters were found guilty of diverting…

The Registrar of Companies ROC Chennai imposed a fine of ₹7.22 lakh on Doowon Automotive Systems India Pvt Ltd for delays in declaring Significant Beneficial Ownership SBO . The…

CDSL settled with SEBI for ₹1.3 crore over alleged regulatory violations. The settlement followed an investigation into CDSL's compliance with SEBI’s regulations, underscoring the…

SEBI imposed a penalty of ₹4 lakh on LKP Securities Ltd for violations related to pre-trade authorization and compliance requirements. The firm failed to ensure proper pre-trade…

SEBI imposed a fine of ₹1 lakh on Catalyst Trusteeship for failing to perform its duties as a debenture trustee. The firm was found to have violated its obligations by not…

The Calcutta High Court ruled that applications challenging arbitral awards under Section 34 of the Arbitration Act are subject to a fixed court fee of ₹120. The court clarified…

The Madhya Pradesh High Court ruled that a state, not being a party to an arbitration agreement, cannot file a Section 16 application under the Arbitration and Conciliation Act.…

The Himachal Pradesh High Court ruled that an application under Section 151 of the CPC is not maintainable when Section 29A 4 of the Arbitration Act applies. The court clarified…

The Delhi High Court upheld an arbitrator's decision to deny pre-reference and pendente lite interest to a claimant for delays in a project. The court supported the arbitrator's…

The NCLAT Principal Bench ruled that banks cannot proceed under the SARFAESI Act against a personal guarantor during an interim moratorium under the Insolvency and Bankruptcy Code…

The Karnataka RERA ordered Maars Infra Developers to pay ₹7.12 lakh as interest to a homebuyer due to delays in handing over possession of a property. The delay was found to be…

The ITAT quashed an income tax notice and order issued by the Assessing Officer AO under Section 148 of the Income Tax Act, ruling that the AO lacked the jurisdiction to do so.…

The Income Tax Appellate Tribunal ITAT emphasized the need for proper adjudication and verification when adding unexplained cash credits under Section 68 of the Income Tax Act.…

The Calcutta High Court set aside an order passed under Section 73 9 of the CGST Act, which had been issued due to the failure of the consultant to inform the petitioner about a…

The live blog covers the listing of IPOs for Orient Technologies, QVC Exports, and Ideal Technoplast. It includes details on the IPO performance, investor responses, and stock…

The Securities and Exchange Board of India SEBI has requested support from the Reserve Bank of India RBI to enhance participation in the corporate bond repo market. This move aims…

The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that the "Aadat margin" does not qualify as a commission under any service provision, dismissing the appeal of…

The ITAT ruled that a taxpayer’s claim for capital gain exemption should not be denied merely because the claim was made additionally in the return. The case involved a taxpayer…

The CESTAT ruled that oil stored in the bunker tanks of a ship's engine room should be considered part of the ship for customs duty determination. The case arose from a dispute…

The Delhi High Court directed the Assessing Officer AO to grant credit for Tax Deducted at Source TDS to a taxpayer following an Income Tax Appellate Tribunal ITAT direction. The…

The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that the sale value of goods, including the cost of outward freight, should be considered for excise duty…

The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that services related to loan arrangements provided to banks are liable to service tax based on the gross…

The Income Tax Appellate Tribunal ITAT ruled that the Commissioner of Income Tax Appeals CIT A cannot dismiss an appeal for non-prosecution under Section 250 6 of the Income Tax…

The Bombay High Court ruled in favor of a doctor whose Demat account was illegally frozen by SEBI, BSE, and NSE. The court found that the freezing of the account was unjustified…

The Delhi High Court has quashed the FIR and trial court proceedings against Brij Bhushan Sharan Singh related to sexual harassment allegations made by wrestlers. The court found…

The Central Bureau of Investigation CBI has taken over an investigation involving a Central GST Deputy Commissioner and a Superintendent, who are accused of accepting a bribe. The…

The Delhi High Court directed tax authorities to issue a Show Cause Notice SCN if they intend to deny duty drawback and IGST refunds to an exporter. The case involved an exporter…

The Karnataka High Court ruled that a taxpayer's failure to respond to an initial Show Cause Notice SCN related to service tax does not imply an intention to suppress facts. The…

The Income Tax Appellate Tribunal ITAT ruled that prepaid finance charges could be deducted in the year of payment, and there is no requirement to amortize them over several…

The Central Bureau of Investigation CBI arrested the Principal Commissioner of Income Tax PR Commissioner in Patna-Dhanbad and other officials in connection with a ₹10 lakh…

The Delhi High Court granted a second opportunity to a taxpayer to prove their inward supplies to claim a GST Input Tax Credit ITC refund on the export of zero-rated supplies. The…

The Income Tax Appellate Tribunal ITAT ordered a fresh adjudication on a disallowance made under Section 14A of the Income Tax Act due to an error in the Commissioner of Income…

The Income Tax Appellate Tribunal ITAT upheld the Principal Commissioner of Income Tax's PCIT order for reassessment under Section 263 of the Income Tax Act due to inaccurate…

The Bombay High Court ruled that an occupier is liable to pay water tax even if they do not consume water. The case involved a dispute over water tax levied on a property where…

The Income Tax Appellate Tribunal ITAT ruled that income derived from staff loans and miscellaneous income directly related to business activities should be classified as business…

The Income Tax Appellate Tribunal ITAT remanded a case back to the Assessing Officer AO for further consideration after it was found that the original assessment had failed to…

The Income Tax Appellate Tribunal ITAT remanded 49 appeals back to the Commissioner of Income Tax Appeals CIT A after finding that the Assessing Officer AO had incorrectly applied…

The Income Tax Appellate Tribunal ITAT quashed a reassessment notice issued by the Assessing Officer AO under Section 147 of the Income Tax Act, ruling that it was procedurally…

The Income Tax Appellate Tribunal ITAT deleted the Assessing Officer’s AO addition of excess stock to the income of a taxpayer, which was based on a misinterpretation of the…

The Income Tax Appellate Tribunal ITAT dismissed the Revenue's appeal against the exemption claim under Section 11 of the Income Tax Act by JN Tata Endowment, which offers loans…

Finance Minister Nirmala Sitharaman clarified that there would be no rollback of the National Pension System NPS , despite demands for its revision. Instead, the government plans…

The GST Council, scheduled to meet on September 9, will review rate rationalization, but a final decision is still pending, according to Finance Minister Nirmala Sitharaman. The…

A businessman was defrauded of Rs 1.3 crore in a GST scam by a fake Chartered Accountant CA in Jaipur. The businessman had hired the CA to manage his GST filings and other…

The Khanij Bidesh India Limited KABIL and Oil India Limited have signed a Memorandum of Understanding MOU to bolster critical minerals exploration in India. This collaboration…