The Income Tax Appellate Tribunal ITAT ruled that the original allotment date should apply when determining the holding period for property acquisition, overturning a previous…
09/08/20241 min read
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The Income Tax Appellate Tribunal ITAT ruled that the original allotment date should apply when determining the holding period for property acquisition, overturning a previous…
The Income Tax Appellate Tribunal ITAT remitted a case back to the Commissioner of Income Tax Appeals CIT A after the assessee failed to appear and produce evidence due to…
The Calcutta High Court directed the restoration of a GST registration certificate, provided the taxpayer pays the defaulted tax and files the required returns. The court's order…
The Calcutta High Court invalidated an assessment order passed under the Central Goods and Services Tax CGST Act, ruling that it was issued without affording the assessee an…
The Income Tax Appellate Tribunal ITAT ruled that payments made to foreign firms for services rendered outside India are not subject to Tax Deducted at Source TDS under Section…
The Income Tax Appellate Tribunal ITAT ruled that the India-Italy Double Taxation Avoidance Agreement DTAA is not applicable when a domestic company pays Dividend Distribution Tax…
The Calcutta High Court directed the Principal Commissioner of Income Tax PCIT to reconsider an assessment after it was found that the notice of reassessment was not properly…
The Appellate Authority for Advance Ruling AAAR has clarified that only products containing nitrogen, phosphorus, or potassium should be classified as fertilizers under GST. This…
The Income Tax Appellate Tribunal ITAT has deleted the penalty imposed under Section 269SS of the Income Tax Act on a woman with elementary knowledge, involved in a cash…
A court has convicted an individual under Section 138 of the Negotiable Instruments NI Act for cheque dishonor. The court found that the accused failed to rebut the presumption of…
The Authority for Advance Rulings AAR has ruled that health insurance services provided to the Tamil Nadu State Government are exempt from Goods and Services Tax GST .…
The Patna High Court ruled that the Joint Commissioner of Income Tax JCIT cannot transfer a case under Section 127 to a subordinate officer without granting the assessee an…
The National Company Law Tribunal NCLT has denied approval for a proposed merger, citing concerns over potential tax evasion and money laundering activities. The tribunal found…
The Supreme Court criticized both the High Court and the trial court for "playing it safe" in denying bail to Manish Sisodia. The apex court expressed concern over the reluctance…
Senior advocate Harish Salve will represent the Indian Olympic Association IOA in a case involving the disqualification of wrestler Vinesh Phogat from the Paris Olympics. The…
The Reserve Bank of India RBI has kept the repo rate unchanged at 6.5% for the ninth consecutive time. This decision reflects the central bank's cautious approach to balancing…
Analysts suggest that current stock market valuations in India may lead to a short-term correction. In light of this potential downturn, IT and FMCG sectors are recommended as…
Chief Justice of India D.Y. Chandrachud welcomed actor Aamir Khan to observe Supreme Court proceedings. Khan's visit attracted considerable attention, as it is uncommon for public…
The ITAT ruled that proceedings under Section 263 of the Income Tax Act cannot extend beyond the issues identified in the limited scrutiny conducted under the Computer-Assisted…
Hyundai India is preparing for an IPO, with major banks competing to manage the public offering. The IPO is expected to attract significant investor interest due to Hyundai's…
Aadhar Housing Finance's shares rose by 5% following strong Q1 earnings results. The company reported robust financial performance, driven by increased loan disbursements and…
India is still working towards achieving universal health coverage, facing challenges such as disparities in access to healthcare services and inadequate infrastructure. Despite…
Infibeam Avenues, a digital payment solutions provider, has seen its stock price drop by 24% from its 52-week high, raising questions about whether it remains a good buy. Despite…
The Authority for Advance Rulings AAR has clarified that the value of Deferred Compensation Wages DCW under self-execution schemes should be limited to establishment and…
Haryana's Quality Assurance Authority will oversee infrastructure standards to ensure compliance and quality in construction projects. The authority aims to improve the safety,…
SpiceJet is planning to raise ₹250 crore through a fresh round of funding. The capital will be used to bolster its operations, improve financial stability, and support growth…
US-based Charles Schwab plans to establish a technology development center in Hyderabad. The center will focus on advancing fintech solutions and enhancing digital capabilities.…
The lower volatility of the Indian Rupee INR reflects India's macroeconomic and financial stability. The RBI Governor highlighted that stable currency performance indicates strong…
The RBI Monetary Policy Committee MPC has proposed a new process to speed up cheque clearance within a few hours. This measure aims to enhance the efficiency of the banking…
The Life Insurance Corporation LIC is set to announce its Q1 results, with expectations of strong performance due to improved premium collections and investment income. Analysts…
JP Morgan's index clients are reportedly favoring sustainable investments and companies with strong environmental, social, and governance ESG credentials. This trend reflects a…
RBI Governor Shaktikanta Das highlighted the increasing trend of retail money flowing into alternative investment routes, such as equities and real estate. This shift poses…
Three Public Sector Bank PSB stocks are speculated to be potential candidates for inclusion in the Nifty Bank Index. This inclusion could drive increased investor interest and…
India's stock markets are experiencing high valuations, with significant cash pile-ups in the system. Investors are increasingly moving towards small and mid-cap stocks, driven by…
Lupin's stock surged as analysts remain optimistic about its growth prospects, driven by strong quarterly results and robust product pipeline. However, high valuations could limit…
Ashutosh Bhargava, a market expert, identified three key investment themes likely to outperform in the current year: digital transformation, domestic manufacturing, and…
The Nifty 50 and Sensex resumed their downward trend, struggling to hold onto gains amid concerns over global economic conditions and domestic factors such as inflation and…
IDBI Capital compiled a list of nine companies, including Coal India, Power Grid, NMDC, and HCL Technologies, as top dividend stocks. These companies are attractive to investors…
Devyani International, which operates KFC and Pizza Hut outlets, reported a strong recovery in Q1 earnings, driven by higher same-store sales and expansion in the Thailand market.…
The Bombay High Court ruled that an actuary must possess a certificate to practice issued by the Institute of Actuaries of India under its regulations. The court emphasized the…
The Madhya Pradesh High Court granted protection to a hospital operator accused in a human trafficking case, acknowledging the need for a thorough investigation before arrest. The…
The Orissa High Court expressed concern over the abysmally low allowances for Grama Rakhis village watchmen and directed the State Government to consider raising their allowances.…
The Karnataka High Court stayed a government notification that made compulsory rural service mandatory for postgraduate medical students. The court's decision allows students to…
The Allahabad High Court upheld the acquittal of three accused in a 1993 dowry death case, citing a suspicious viscera examination report that raised doubts about the…
The Delhi High Court directed the Delhi Government to conduct regular inspections of washrooms and toilets in jails to ensure proper hygiene and sanitation for inmates. The court…
The Kerala High Court clarified that a writ petition is maintainable even when a revisional jurisdiction is available, as long as the petition challenges the order of the first…
The Kerala High Court commuted the death sentence of an accused in the murder case of Jet Santhosh, citing mitigating circumstances and the possibility of reform. The court's…
The Delhi High Court ruled that filing a First Information Report FIR is mandatory in cases of alleged fake police encounters. The court emphasized the need for transparency and…
The Delhi High Court denied bail to an accused under the Unlawful Activities Prevention Act UAPA involved in a fake currency circulation case. The court cited the seriousness of…
The Karnataka High Court addressed the issue of unemployment among educated youth, ruling that the right to public employment is not a constitutional guarantee. The court noted…
The Income Tax Appellate Tribunal ITAT ruled that the original allotment date should apply when determining the holding period for property acquisition, overturning a previous…
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