India has updated its Foreign Exchange Management Act FEMA rules to streamline cross-border share swaps, making it easier for companies to engage in international mergers and…
19/08/20241 min read
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India has updated its Foreign Exchange Management Act FEMA rules to streamline cross-border share swaps, making it easier for companies to engage in international mergers and…
The Delhi Development Authority DDA is addressing issues related to the allocation and maintenance of flats for Economically Weaker Sections EWS under the In-Situ Slum…
Contractual staff in Rourkela staged a protest over delayed payments and job insecurity, demanding timely remuneration and better employment conditions. The protest highlights the…
Truck owners in Odisha have called off their strike following assurances from the state government to address their grievances. The protest, which centered on issues like fuel…
A comprehensive report emphasizes the pivotal role of infrastructure development in nation-building, highlighting how investments in transportation, energy, and digital…
The Delhi-Ghaziabad-Meerut Regional Rapid Transit System RRTS , known as Namo Bharat, now offers passengers the option to rent power banks starting at Rs 50. The initiative by the…
A research report by the Reserve Bank of India RBI and the State Bank of India SBI challenges concerns about slowing deposit growth in Indian banks, arguing that these fears are…
The Kerala Chief Minister has urged banks to write off loans taken by victims of the Wayanad landslide tragedy. Highlighting the severe impact of the disaster on affected…
The Jammu and Kashmir High Court is hearing a Public Interest Litigation PIL seeking the launch of a Doordarshan channel dedicated to broadcasting in the Dogri language. The…
Medical consultants have moved the Supreme Court seeking the implementation of a robust preventive mechanism following the rape and murder of a patient at RG Kar Medical College.…
The Kerala High Court dismissed a plea to halt the release of the Hema Committee Report, which investigates sexual harassment in the Malayalam film industry. The court ruled that…
The Allahabad High Court denied bail to a priest accused of sexually assaulting a minor boy, emphasizing the seriousness of the offense. The court ruled that granting bail would…
The Delhi High Court allowed an Indian man's plea to transfer his son's mortal remains from the UK to India. The court facilitated the expeditious issuance of a no-objection…
The Kerala High Court dismissed a Public Interest Litigation PIL challenging the use of Hindi names in the new criminal laws, asserting that the naming convention is a matter of…
The Income Tax Appellate Tribunal ITAT in Mumbai ruled that the rehabilitation allowance received by a member on account of society redevelopment cannot be treated as taxable…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT ruled against the assumption-based imposition of duty on floodlights imported for the Cricket World Cup under a duty…
The Income Tax Appellate Tribunal ITAT in Mumbai ruled that software expenses are of a revenue nature and do not constitute a capital asset that changes the structure of fixed…
The Karnataka High Court directed that the trial court should not act on the Governor's sanction to prosecute Chief Minister Siddaramaiah in the Mysore Urban Development Authority…
The Rajasthan High Court ruled that the doctrine of proportionality is applicable when assessing penalties for employees accused of using forged documents to secure employment.…
The Gujarat High Court held that the electricity supply line of a consumer, disconnected due to theft, can only be restored upon depositing electricity charges and fulfilling…
The Karnataka High Court ruled that not wearing a helmet can be considered contributory negligence in motor vehicle accident compensation claims. The court held that if the…
The Kerala High Court declined to entertain a writ appeal filed by a film actress challenging the publication of the Justice Hema Commission report, which she was not a party to…
The Kerala High Court ruled that a bank cannot deny the benefit of a One-Time Settlement OTS scheme to a borrower after accepting a delayed second installment. The court…
The Gujarat High Court upheld the cancellation of an LLB degree awarded by a university after it was discovered that the student had used a fraudulent graduation certificate to…
The Kerala High Court criticized the use of Hindi nomenclature in the naming of criminal acts and offenses, emphasizing that such terms should be in the language understood by the…
The Uttarakhand High Court directed the state government to consider providing equitable wages to prisoners engaged in labor within jails. The court emphasized that prisoners'…
The US fast-food giant Burger King lost a trademark infringement suit against Pune's iconic restaurant ‘Burger King’ in India. The court ruled that the local business could…
The Mumbai Income Tax Appellate Tribunal ITAT ruled that a gift received by an individual from their non-resident brother is exempt from taxation under Indian law. The tribunal…
The Kerala High Court ruled that applications for condonation of delay in legal proceedings should not be dismissed on hyper-technical grounds. The court emphasized that a…
The Madras High Court ruled that Employee Stock Option Plans ESOPs provided as a part of an employee's contractual obligation are taxable as perquisites under the salary head of…
The Bombay High Court ruled that a claim regarding the amount deposited under the Income Declaration Scheme IDS 2016 was erroneous and directed the tax authorities to correct the…
The Income Tax Appellate Tribunal ITAT ruled that a hospital's claim for deduction on advertisement expenditure is violative of the Indian Medical Council IMC Act, which prohibits…
The Income Tax Appellate Tribunal ITAT ruled that interest income attributable to funds utilized for a cottage industry business qualifies for a deduction under Section 80P of the…
The Bombay High Court directed the Income Tax Department to issue certificates under the Income Declaration Scheme IDS for tax deposits already made by the assessee. The court…
The Central Bureau of Investigation CBI arrested a Deputy Superintendent of Police DSP from its Jabalpur unit in connection with a corruption case involving Northern Coalfields.…
The Bombay High Court quashed criminal proceedings against company directors for the delayed deposit of Tax Deducted at Source TDS , ruling that the payment was eventually made…
The Delhi High Court canceled a Show Cause Notice SCN due to its lack of specificity and ordered the immediate restoration of the petitioner’s GST registration. The court held…
Property buyers in India are facing delays in receiving refunds from builders due to stalled or incomplete projects. Many buyers are waiting for refunds after builders failed to…
The Delhi High Court granted a refund to a taxpayer, citing that the assessment order was time-barred due to delays in implementing the tribunal’s directions. The court ruled that…
The Delhi High Court struck down the retrospective cancellation of a GST registration, ruling that it did not meet the requirements of Section 292 of the CGST Act. The court found…
The Andhra Pradesh High Court ruled that compensation awarded under the Motor Vehicles MV Act must be computed after deducting income tax from the deceased’s estimated future…
The Jammu & Kashmir High Court ruled that the appellate authority under Section 107 of the CGST Act cannot condone a delay in filing appeals beyond four months. The court…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT ruled that service tax is not payable on clinical trials conducted on drugs supplied by a foreign service recipient.…
The Calcutta High Court ruled that GST registration cannot be canceled solely due to the non-filing of returns if there is no evidence of a dubious process to evade tax. The court…
The Delhi High Court reversed the ab initio cancellation of a taxpayer's GST registration due to the lack of specific reasons in the Show Cause Notice SCN . The court ruled that…
The Calcutta High Court ruled that under Section 161 of the CGST Act, an assessee can apply for rectification of any error within the prescribed time limit. The court directed the…
The Central Board of Indirect Taxes and Customs CBIC issued detailed instructions on applying Para 2 g of Instruction No. 01/2023-24 concerning GST audit matters. This provision…
The Indian Institute of Technology IIT Delhi has received a Goods and Services Tax GST demand notice amounting to Rs. 120 crore related to research funding. The tax department…
The Central Board of Direct Taxes CBDT has directed the Income Tax Department to closely monitor high-value cash transactions in hotels and hospitals. This directive aims to curb…
Tamilnad Mercantile Bank TMB shares surged by 4% following the Reserve Bank of India's RBI approval of Salee Sukumaran Nair as the new Managing Director MD and CEO. This…
India has updated its Foreign Exchange Management Act FEMA rules to streamline cross-border share swaps, making it easier for companies to engage in international mergers and…
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