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The Supreme Court held that for the purpose of stamp duty assessment, the decisive test is the instrument’s true legal character and not the label or nomenclature chosen by the…
In a challenge to state recruitment rules for district judges, the Supreme Court rejected the proposition that practicing advocates are entitled to an exclusive quota for direct…
The Supreme Court, while dealing with disputes over eligibility and comparative advantage between judicial officers and practising advocates for district judge vacancies, observed…
CBI arrested two CGST officials in Mumbai for accepting a ₹25,000 bribe regarding GST registration. The case highlights risks of corruption within tax administration and…
GSTN clarified that ITC auto-population and GSTR-2B generation will remain unchanged under the Invoice Matching System IMS . The guidance ensures procedural consistency and…
The article explains legal implications of freezing a taxpayer’s bank account after an appeal is filed under CGST/SGST Act. It covers rights of the assessee, procedural…
NCLAT ruled that a minor shareholder retains ERP system access rights even while engaged with a rival company. The decision clarifies rights of shareholders in technology and…
ITAT clarified that the timely filing requirement under Section AC applies prospectively from a specific assessment year. In this case, the tribunal allowed a deduction even…
Craft beer brand Bira 91 plans to raise $132 million to fund its business revival strategy and expansion. The report outlines the company’s restructuring, reduction of debt, and…
The Kerala High Court stayed loan recovery proceedings against disaster-affected borrowers in Wayanad despite the Central Government’s refusal to grant a blanket waiver. The Court…
ITAT restored ₹3.445 crore addition where verification of invoices and payment details was lacking. The case highlights the necessity for complete documentation to support tax…
ITAT upheld deletion of income addition where a blank cheque existed but no other evidence demonstrated income. The ruling reinforces that mere documentation without supporting…
ITAT restored addition of ₹7.73 lakh to ensure old PAN deposits were correctly reflected in ITR filed under new PAN. The case highlights the importance of traceability of deposits…
India plans to establish two globally competitive banks under Viksit Bharat Vision. The initiative aims at improving financial inclusion, capital efficiency, and international…
Bombay High Court ruled that pending customs prosecution alone cannot restrain a taxpayer from traveling abroad for attending international events. The decision balances…
Kerala HC set aside a VAT order where retrospective application of tax clarifications was made. The ruling underscores that taxpayers cannot be penalized for compliance under…
Qapita, an equity management platform, raised $26.5 million in its latest funding round to expand digital solutions for cap table, ESOP, and fund management. The article explains…
The Delhi High Court issued summons to Red Chillies Entertainment and Netflix in a defamation suit filed by Sameer Wankhede against a show featuring Aryan Khan. The court action…
Eyestems, a biotech / life-sciences startup, saw its valuation jump 70% in a recent Series B funding round. The article delves into the biotech’s research focus, IP,…
Kerala HC clarified that tribunals’ remand should allow full assessment powers and not limit the assessing officer’s jurisdiction. The decision reinforces transparency and…
ITAT permitted using funds from agricultural income for farmhouse construction, acknowledging such transactions as consistent with legal norms. It sets a precedent for treatment…
ITAT upheld an appeal against US 153A assessment order, emphasizing that procedural lapses rendered the order non-est. It reinforces taxpayer protection against flawed assessments…
GST 2.0 reforms are expected to enhance compliance and efficiency, supporting India’s economic growth. The World Bank projects a 6.5% GDP growth for FY26, highlighting the…
RBI revised ombudsman framework to enhance grievance redressal for bank customers. Draft schemes provide detailed procedural guidelines for complaints, regulatory compliance, and…
Zoho, traditionally known for enterprise software, is pushing into fintech, having raised or entangled a $30 million round to fuel its expansion in payments, embedded finance or…
The Delhi High Court issued notice on a public interest litigation seeking recognition of rape as an offense when committed against transgender women, challenging existing…
The Supreme Court addressed whether parties lose the ability to invoke arbitration when an arbitration clause becomes inoperable owing to a subsequent statutory amendment. The…
Karnataka High Court quashed reassessment notices issued by jurisdictional officers, emphasizing the mandatory compliance with faceless assessment regime. The ruling reinforces…
Punjab & Haryana High Court ruled that blocking input tax credit ITC in ECRL beyond one year is not permissible. Authorities were directed to unblock ITC within one week,…
This live news update provides the latest developments across India, including legal, political, and social matters. It includes coverage of high-profile cases, government…
Manipur enacted the second GST amendment ordinance 2025 introducing track-and-trace system, new penalties, and clarifying ITC eligibility. The measure strengthens compliance…
A major security flaw in the Income Tax portal was fixed to prevent potential data leaks. The article explains remedial steps, cybersecurity measures, and importance of…
The Supreme Court addressed insurer liability in motor accident claims where the driver held a forged or fake licence. Analysing the scope of policy exclusions and the doctrine of…
The Supreme Court considered whether a written statement filed belatedly in a commercial suit could be rejected where the delay fell wholly within the COVID-19 limitation…
Karnataka HC quashed reassessment notices issued by jurisdictional officers, upholding faceless assessment regime compliance. The decision strengthens procedural standards and…
Supreme Court clarified that works contracts and printing materials are subject to trade tax rather than service tax. The ruling resolves classification disputes, ensuring clarity…
Madras HC set aside GST registration cancellation and allowed a six-month moratorium for ITC use. This provides relief for businesses, balancing compliance enforcement with…
CBDT issued clarification on permissible gold jewellery holdings for Pune households, helping taxpayers comply with valuation norms and avoid disputes. The article provides…
The Supreme Court urged rethinking the scope and timing of sex education in school curricula, observing that limiting it to Classes IX–XII is inadequate. The Court recommended…
The Supreme Court declined to issue a blanket order concerning the Special Intensive Revision SIR of electoral rolls in Bihar, directing affected individuals to file appeals under…
Following an alleged attack attempt on the Chief Justice of India, Justice Ujjal Bhuyan remarked that such acts must not be forgotten and should serve as lessons on protecting…
The Supreme Court clarified eligibility for direct recruitment as district judges under the bar quota where candidates are judicial officers with prior practice. It held that…
A lawyer in Bengaluru allegedly attempted to hurl a shoe at Chief Justice of India B.R. Gavai during a public event, prompting police action and registration of an FIR. The report…
The Supreme Court addressed transitional questions arising from the Surrogacy Regulation Act’s age-related eligibility criteria and whether couples who had already embarked on the…
The Supreme Court examined whether a complaint under Section 138 of the Negotiable Instruments Act can be maintained against a trustee personally where the cheque was issued from…
The Supreme Court considered eligibility criteria for direct recruitment of district judges by reference to the statutory requirement of seven years’ practice at the bar. The…
Shares of Ather Energy reached a fresh high amid market optimism, and HSBC revised its target price upward to INR 700 reflecting confidence in growth outlook, product expansion,…
The government fixed a major security vulnerability in the Income Tax Portal that had potential to expose sensitive taxpayer data. The flaw was promptly addressed, with additional…
The Supreme Court clarified that works contracts supplying printed materials attract trade tax. The Court highlighted that the contract's nature—goods or services—determines the…
CBIC introduced a system-based auto-approval mechanism for IFSC code registration to reduce manual intervention and enhance ease of doing business. This initiative streamlines…
The Supreme Court held that for the purpose of stamp duty assessment, the decisive test is the instrument’s true legal character and not the label or nomenclature chosen by the…
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