The Central Government has reduced the windfall tax on domestically produced crude oil to Rs. 2,100 per tonne, down from a higher rate imposed earlier. The tax cut is part of the…
18/08/20241 min read
Read Sorted by Latest
The Central Government has reduced the windfall tax on domestically produced crude oil to Rs. 2,100 per tonne, down from a higher rate imposed earlier. The tax cut is part of the…
The Income Tax Appellate Tribunal ITAT ruled that a net surplus of less than 20% of total receipts should not lead to the rejection of an exemption under Section 10 23C iv of the…
The Income Tax Appellate Tribunal ITAT quashed a revision order issued under Section 263 of the Income Tax Act, which alleged cash payments by the taxpayer. The Tribunal found…
The Income Tax Appellate Tribunal ITAT remanded a case back to the Commissioner of Income Tax Appeals CIT A due to an incorrect filing date of the Income Tax Return ITR . The…
The article emphasizes the need for effective implementation of welfare schemes to protect consumer rights. Proper execution of these schemes is crucial for ensuring that benefits…
Karnataka RERA ordered Shriram Properties to compensate homebuyers for a two-year delay in possession. The regulatory authority mandated payment of interest for the period of…
The Orissa High Court addressed issues related to disciplinary proceedings against judicial officers and the absence of necessary affidavits. The court emphasized procedural…
Haryana RERA directed Ocean Seven Buildtech to refund homebuyers due to the developer's failure to secure necessary environmental clearances. The decision underscores the…
The Kerala High Court ruled that a woman cannot be charged under Section 354A IPC for sexually harassing another woman. The decision clarifies the application of IPC provisions…
Maruti Suzuki plans to increase its deferred tax liability provision by ₹850 crore in the second quarter. This adjustment reflects changes in tax regulations and impacts the…
Foreign Portfolio Investors FPIs have pulled out ₹21,201 crore from Indian equities in August, reflecting a trend of net selling. This withdrawal is attributed to high valuations…
The Delhi High Court quashed a Show Cause Notice SCN for failing to specify statutory non-compliance allegations related to GST invoicing. The court restored the GST registration,…
The Gujarat High Court has ordered a status quo on the illegal construction of a temple by non-members in the Shardanagar Housing Society. This decision halts any further…
The Delhi High Court has ruled that a temporary suspension of business operations due to ill health does not warrant the cancellation of GST registration. The court held that the…
Next week, the Indian stock market will be influenced by several factors, including the US Federal Reserve's minutes, macroeconomic data, and inflation trends. Investors will…
Foreign Portfolio Investors FPIs have withdrawn ₹21,201 crore from Indian equities in August, indicating a trend of net selling. This outflow is attributed to high market…
India’s holdings of American securities reached a record $241.9 billion in June, reflecting growing investment in US assets. This increase highlights the strength of India's…
The article confirms that the Indian stock market will be closed on Monday for Raksha Bandhan. Market holidays affect trading schedules and investor activities. The closure…
The Kerala High Court is examining a sexual harassment case involving Major Ravi. The case addresses allegations of misconduct and harassment, with the court focusing on ensuring…
Ola Electric’s valuation has increased to $6.99 billion following the launch of its Roadster series. The surge reflects strong market interest and investor confidence in Ola…
Environmentalists have raised concerns about houses built under the PM Awas Yojana in Navi Mumbai, claiming they are situated on mangrove zones. The complaint highlights…
The Uttar Pradesh Real Estate Regulatory Authority UP RERA has flagged 400 real estate projects due to incomplete documentation. This action aims to enforce compliance with…
Experts predict that the Indian Rupee may fall to approximately ₹84 against the US Dollar due to various economic factors. The anticipated dip is influenced by global market…
Anupam Mittal, a judge on Shark Tank, has lodged a complaint with the RBI regarding issues with the UPI payment system. The complaint highlights problems faced by users and seeks…
Delhi High Court approved the transfer of a deceased man's remains from the UK, noting discrepancies in consular rules. The decision facilitates the return of the mortal remains…
The Modi government is promoting lateral entry into senior positions by advertising 45 posts of Joint Secretary Directors across various ministries through UPSC. This initiative…
The RBI has directed banks to enhance monitoring of local fund transfers to ensure compliance with regulatory requirements. This move aims to improve transparency and prevent…
Sovereign Gold Bonds have become increasingly popular due to their attractive returns and safety compared to physical gold. The article explores factors driving their demand,…
The Rajasthan High Court determined that sisters cannot be considered legal representatives if first-class heirs are alive. This ruling clarifies the hierarchy of legal heirs in…
The NCDRC held that insurers can reject claims if the policyholder fails to disclose material facts affecting the insurer's decision. This ruling emphasizes the importance of…
The National Consumer Disputes Redressal Commission NCDRC ruled that to establish unfair trade practices, consumers must demonstrate that misleading statements or representations…
The Karnataka High Court directed a petitioner to seek statutory remedies instead of appealing directly against the actions of a VAT officer. The court emphasized the necessity of…
The Directorate General of Foreign Trade DGFT has enhanced the Electronic Bank Realization Certificate eBRC system by introducing API integration and a bulk upload feature for…
The Delhi High Court ruled that the difference between the allotted and market price of shares under an Employee Stock Purchase Scheme ESPS is not taxable as a perquisite under…
The Delhi High Court directed a trial court to release a Fixed Deposit Receipt FDR of Rs. 25 lakh to the petitioner due to the absence of a fresh Letter of Credit LOC . The Court…
The Delhi High Court quashed reassessment notices, ruling that interest income from Non-Convertible Debentures NCDs is not subject to dividend tax. The Court determined that the…
The Income Tax Appellate Tribunal ITAT upheld the reopening of an assessment under Section 148 of the Income Tax Act based on valid reasons to believe that there was tax…
Banks are introducing special schemes to attract depositors as they face competition from market-based investment options. These schemes offer attractive interest rates and…
Kerala Law Minister Arjun Meghwal inaugurated a new arbitration center and its website, aimed at enhancing alternative dispute resolution mechanisms. The center will facilitate…
The Karnataka Governor has approved the prosecution of Chief Minister Siddaramaiah in connection with a multi-crore scam involving Valmiki Corporation. This decision opens the…
Delhi courts are handling a defamation case filed by Dhruv Rathee against BJP leader Suresh Nakhua. The case revolves around allegations of defamatory statements made by Nakhua,…
The RBI has highlighted increased operational risks associated with the widespread adoption of digital payments. As digital transactions grow, concerns about cybersecurity, fraud,…
The DPIIT Secretary has clarified that India will assess Chinese FDI on a case-by-case basis, with no broad policy shift. This approach ensures that each investment is evaluated…
Homebuyers facing excessively delayed housing projects have five legal options: filing a complaint with RERA, seeking compensation for delays, filing a consumer complaint,…
The RBI might adjust its monetary policy stance in December, potentially leading to a rate cut in early 2025. This move could influence stock markets and mutual funds, affecting…
Indian mutual funds' foreign liabilities have increased by 36% in FY24, according to an RBI survey. This rise reflects greater international investment and financing by Indian…
Nomura predicts that the RBI will cut interest rates by 75 basis points in FY25 to stimulate economic growth. This forecast aligns with expectations for easing monetary policy…
Nomura forecasts a 75 basis points cut in the RBI’s repo rate in FY25. This potential rate reduction is expected to stimulate economic activity by lowering borrowing costs and…
The RBI has issued a warning to financial institutions regarding over-reliance on third-party vendors, citing potential risks. Institutions are advised to ensure rigorous due…
The Engineering Export Promotion Council EEPC and the Indian Small Scale Industries Development Bank ISSDA are collaborating to boost MSME exports. This partnership seeks to…
The Central Government has reduced the windfall tax on domestically produced crude oil to Rs. 2,100 per tonne, down from a higher rate imposed earlier. The tax cut is part of the…
Showing 50 of 42930 updates