News & Judgements

The Allahabad High Court ordered a refund of excess stamp duty collected due to the erroneous classification of land. The court found no evidence to support the change in land…

The Income Tax Appellate Tribunal ITAT directed fresh adjudication in a case involving cash deposits made during the demonetisation period. The taxpayer failed to produce…

The Income Tax Appellate Tribunal ITAT ruled that once income computation is admitted before the Commissioner of Income Tax Appeals CIT A , it cannot be easily contested at the…

The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled in favor of Reliance Industries, stating that excise duty is not payable on goods manufactured in a Special…

The Central Board of Direct Taxes CBDT clarified the rules regarding the requirement of an Income Tax Clearance Certificate ITCC for various transactions, including foreign…

The Ministry of Education has intervened following a Rs 120 crore GST notice issued to IIT Delhi. The notice, related to unpaid GST on certain services, raised concerns about the…

Over 600 bar hotels in Kerala have defaulted on paying taxes, amounting to significant revenue loss for the state government. The Kerala Finance Department disclosed these…

The ITAT ruled that hardship allowances received from housing developers as compensation for dispossession are non-taxable. This decision clarifies that such allowances do not…

The Reserve Bank of India RBI has released a framework for financial market self-regulatory organizations SROs to enhance market integrity and investor protection. The framework…

The Delhi High Court ruled that cancellation of GST registration should not be solely based on the assessment of tax liabilities. The court directed the authorities to expedite…

The Comptroller and Auditor General CAG has recommended that the Finance Ministry focus on high-risk taxpayers within the GST composition scheme. The CAG's audit identified…

The Income Tax Department has issued a warning to taxpayers against filing fraudulent refund claims. The department emphasized that any attempt to claim undue refunds by providing…

The ITAT Mumbai confirmed that gifts received by a taxpayer in India from a non-resident brother are tax-exempt under Indian income tax law. The tribunal ruled that these gifts…

Public sector banks offer fixed deposit FD interest rates up to 8.75%, compared to private banks. The higher rates are part of efforts to attract depositors and compete with…

The Supreme Court dismissed a plea seeking a probe into alleged Electronic Voting Machine EVM manipulations during the 2019 Lok Sabha elections. The petitioners claimed violations…

India’s markets regulator has advised investors to exercise caution amid ongoing market volatility and economic uncertainties. The regulator's guidance aims to ensure that…

The Allahabad High Court allowed the withdrawal of a Public Interest Litigation PIL challenging the Election Commission of India’s ECI inaction regarding the Congress party's…

Investors are increasingly drawn to environmentally sustainable ventures as the focus shifts towards sustainability. This trend reflects a growing awareness of environmental…

The Telangana High Court is hearing a plea challenging the mandatory requirement for Telugu proficiency in the recruitment of civil judges. The petitioners argue that the rule…

Airtel faced a security lapse when a duplicate SIM was issued to a fraudster without proper verification, resulting in financial losses for a soldier. The incident highlights gaps…

Tata Motors' shares have dropped significantly, marking their worst performance in three months amid a broader market decline. The fall is attributed to factors such as market…

Finance Minister Nirmala Sitharaman has urged banks to launch a deposit mobilization drive to attract more savings. The push comes as part of a broader strategy to boost liquidity…

Public sector and private banks in India are offering competitive fixed deposit FD interest rates, with private banks generally providing higher rates. Current FD rates from…

Amazon India is reportedly planning to launch a new shopping app tailored to the Indian market. This new app is expected to focus on addressing specific consumer needs and…

The Kerala High Court ruled that the smell test alone is insufficient to prosecute individuals under the Narcotic Drugs and Psychotropic Substances NDPS Act. The court emphasized…

Foreign Portfolio Investors FPIs are increasingly investing in the primary market due to high valuations in the secondary market. This shift reflects a strategic move to…

The Karnataka High Court allowed Kannada actor Darshan Srinivas to receive home-cooked food while in judicial custody. The court considered the actor's health issues and dietary…

The Supreme Court questioned the Delhi High Court’s decision to send a tax dispute involving the Congress party back to the Income Tax Appellate Tribunal ITAT . The case concerns…

In response to the rape and murder of a doctor at RG Kar Medical College, the Supreme Court formed a National Task Force to devise measures for the safety and dignity of medical…

The Karnataka High Court addressed the issue of overcrowding in hostels meant for SC/ST students, directing the state government to take immediate measures to alleviate the…

The Delhi High Court treated a plea by Subramanian Swamy, questioning the citizenship of Congress leader Rahul Gandhi, as a Public Interest Litigation PIL . The plea alleges that…

Chief Justice of India CJI D.Y. Chandrachud explained the Supreme Court's decision to take suo motu cognizance of the rape and murder of a doctor at RG Kar Medical College,…

The Supreme Court ruled that a preventive detention order can be challenged if the detaining authority fails to supply the detainee with relevant documents. The judgment came in a…

The Supreme Court set aside a controversial order by the Calcutta High Court, which advised a young girl to "control her sexual urges" in a case involving her relationship with a…

The Supreme Court dismissed a petition seeking to declare the caste system in India unconstitutional. The petitioner argued that caste-based discrimination violates fundamental…

The Supreme Court harshly criticized the West Bengal Police for its handling of the rape and murder case of a doctor in Kolkata. The Court ordered the Central Industrial Security…

The Supreme Court granted permission to activist Teesta Setalvad to travel to Malaysia for an anti-racism conference. Setalvad, facing charges related to alleged falsification of…

Fixed deposit FD interest rates have reached 9.5%, with many banks offering competitive rates. Senior citizens are particularly benefiting from high FD rates, which can help in…

The Kerala High Court dismissed a discharge plea in a case where an advocate was accused of sexually assaulting a minor boy. The court ruled that the culpable mental state of the…

The Bombay High Court dismissed a Public Interest Litigation PIL that sought to ban the use of laser beams and loudspeakers during festivals due to noise pollution concerns. The…

Advocate Pasala Ponna Rao has been appointed as the new Deputy Solicitor General for the Andhra Pradesh High Court. His appointment is expected to strengthen the representation of…

The Bombay High Court fined income tax officers Rs. 25,000 for disregarding a binding precedent in a tax case, resulting in unnecessary litigation. The court criticized the…

The Delhi High Court denied a taxpayer's deduction claim under the Income Tax Act due to their failure to digitally file the audit report. The court ruled that digital filing is a…

The Delhi High Court upheld a reassessment order classifying payments for mining rights as income, despite the taxpayer's challenge. The court ruled that the payments made for…

The Supreme Court took suo motu cognizance of the RG Kar Medical College rape and murder incident, highlighting the urgent need for safety reforms in medical institutions. The…

Following a rape incident at RG Kar Medical College, the Supreme Court formed a task force to enhance the safety of doctors in hospitals. The court expressed its concern over the…

The Supreme Court set aside a controversial Calcutta High Court judgment that made remarks about adolescent sexual behavior, deeming them inappropriate and legally unsound. The…

The ITAT ruled that deductions under Section 80IA of the Income Tax Act are not allowable if the income tax return is filed belatedly. The tribunal held that timely filing is a…

The Bombay High Court imposed a Rs. 25,000 fine on an Income Tax Joint Assessing Officer JAO and the Chief Commissioner for ignoring a binding precedent set in the Hexaware case.…

The Delhi High Court ruled in favor of Vedanta, stating that payments made for acquiring mining rights through e-auction are not taxable as income. The court held that such…