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The Supreme Court of India has filed a complaint regarding a social media handle that impersonated Chief Justice D.Y. Chandrachud. This action follows concerns about the misuse of…
The Madras High Court has reviewed the challenge to an SC-appointed committee's order regarding the Segur Plateau elephant corridor. The ruling addresses environmental and legal…
The Kerala High Court has ruled that disclosing the identity of a rape victim violates privacy under Section 207 of the CrPC. The court's decision emphasizes the importance of…
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 Madras High Court has ruled that leave granted for research abroad should not be considered a break in service. This decision clarifies the status of employees' service…
The Delhi High Court has rejected a plea for enhanced implementation of live streaming of court proceedings. The court's decision reflects current limitations in technological…
The Bombay High Court has ruled that property owners or occupiers must pay water tax and water benefit tax to the Brihanmumbai Municipal Corporation BMC , even if they do not…
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 Karnataka High Court has refused to quash a case filed under Section 306 of the IPC against a husband in connection with his wife's suicide. The court found sufficient grounds…
The Rajasthan High Court has clarified the applicability of Rule 76 of the Rajasthan Minor Mineral Concession Rules concerning intestate leaseholders. The ruling addresses legal…
The Supreme Court scheduled a hearing for a challenge against a Calcutta High Court order that quashed 77% of Other Backward Classes OBC classifications in West Bengal. The case…
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…
Trade bodies are urging the government to simplify the Goods and Services Tax GST Act and related rules ahead of the GST Council meeting scheduled for September 7. Various…
The Delhi High Court ruled that independent and non-executive directors of a company cannot be held liable under Section 138 of the Negotiable Instruments Act NI Act unless…
The Delhi High Court held that a court acquires jurisdiction under Section 11 6 of the Arbitration and Conciliation Act as soon as there is a default in the pre-arbitral or…
The Income Tax Appellate Tribunal ITAT dismissed a revenue appeal, ruling that disallowance under Section 14A of the Income Tax Act is not applicable when the assessee has not…
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 live updates for August 27, 2024, cover the latest developments in the economy, including key indicators, policy changes, and market trends. The updates provide real-time…
RVNL's stock price has surged by 365% over the past year, driven by the company's recent Rs 111 crore project win. This significant increase reflects strong market confidence and…
Grip Invest has introduced India’s first privately placed investment-grade bonds with a face value of Rs 10,000, offering an attractive 14% yield. This new bond issuance aims to…
The National Stock Exchange NSE has received No Objection Certificates NOCs from SEBI for its IPO and bonus shares issuance. The approval is a significant step towards the NSE’s…
The Rajasthan High Court ruled that the limitation period under Section 263 of the Income Tax Act is tied to the original assessment order when the reassessment order is distinct…
The Madras High Court directed the Income Tax Department to resolve an appeal within four months after rejecting a stay application over alleged under-reporting. The court’s order…
The Madras High Court directed the reconsideration of a ?1.9 crore tax demand issued just two days before the scheduled hearing date, despite an adjournment being granted. The…
The Homebuyers Forum has raised objections to the conciliation forum established by Maharashtra Real Estate Regulatory Authority MahaRERA . The forum aims to resolve disputes…
The first perpetual bond issue following changes in valuation rules has garnered substantial interest from investors. The new rules have altered the landscape for bond valuations,…
The Bombay High Court has ruled that property owners or occupiers must pay water tax and water benefit tax to the Brihanmumbai Municipal Corporation BMC , even if they do not…
The Allahabad High Court has addressed the issue of lawyers abstaining from work for condolence meetings, highlighting concerns about the impact on court operations and legal…
Justice Surepalli Nanda has emphasized that mediation is often more intelligible and effective than litigation. His remarks highlight the benefits of alternative dispute…
A Mumbai-based businessman lost ?1.3 crore in GST payments to a fraudster impersonating a Chartered Accountant CA . The fraudster provided the businessman with a fake GST…
In India’s largest income tax raid, authorities seized ?352 crore, unearthing a massive tax evasion scheme. The 10-day operation involved over 650 officers from the Income Tax…
Zee Entertainment and Sony Pictures Networks have entered into a settlement agreement following the collapse of their planned $10 billion merger. The settlement addresses various…
HDFC Life Insurance Company’s share price saw significant activity on August 27, 2024, reflecting ongoing market interest and investor sentiment. The updates on the share price…
The Patna High Court has granted bail to an ISKCON monk from Nigeria accused of traveling without a valid visa. The court's decision reflects the consideration of legal and…
The Madras High Court has ordered the Hindu Religious and Charitable Endowments HRCE Department to prepare prasadam independently without commercializing the process. The ruling…
The MSME Promotion Council of India MSMEPCI has set a target to create 10,000 jobs in Nagaland through various initiatives. These efforts include promoting Real-Time Gross…
The Allahabad High Court has granted interim anticipatory bail to an Aligarh Muslim University professor accused of rape related to Hindu mythology. The court's decision provides…
The Rajasthan High Court has dismissed a plea seeking the revision of NEET marks for a candidate due to dual answers on an OMR sheet. The court's decision addresses procedural…
The Madras High Court has reviewed the challenge to an SC-appointed committee's order regarding the Segur Plateau elephant corridor. The ruling addresses environmental and legal…
The Supreme Court of India has filed a complaint regarding a social media handle that impersonated Chief Justice D.Y. Chandrachud. This action follows concerns about the misuse of…
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