The Allahabad High Court dismissed an appeal under the Uttar Pradesh Value Added Tax UP VAT Act due to the absence of the appellant. The case involved the rejection of account…
28/07/20241 min read
Read Sorted by Latest
The Allahabad High Court dismissed an appeal under the Uttar Pradesh Value Added Tax UP VAT Act due to the absence of the appellant. The case involved the rejection of account…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT quashed the denial of Central VAT Credit to a manufacturing unit based on vague allegations without disputing the…
The GSTN has issued an advisory on the optional Form GSTR-1A, introduced by notification No. 12/2024 – Central Tax. This form allows taxpayers to add or amend details of supply…
Amendments to Sections 201 and 206C of the Income Tax Act reduce the time limit for deeming an assessee in default for not deducting or collecting tax. The period for issuing such…
The Black Money Act, 2015 has been amended to raise the penalty threshold for undisclosed foreign assets in Income Tax Returns. Effective October 1, 2024, assets valued under INR…
The Finance Act, 2020 introduced a 2% equalisation levy on e-commerce operators for various online activities. Effective August 1, 2024, this levy will no longer apply. The levy…
The Direct Tax Vivad se Vishwas Scheme 2024 aims to resolve tax disputes efficiently, reducing litigation. It builds on the success of the 2020 scheme, targeting appeals pending…
When raising a GST invoice under the Reverse Charge Mechanism RCM , the supplier must follow specific guidelines. The invoice should clearly mention that the supply is subject to…
Ola Electric is set to launch its Initial Public Offering IPO , with the anchor book likely opening on August 1 and the issue expected to launch between August 2 and 6. The IPO is…
In an expert view article, Vikas Khemani highlights the strong momentum in the Indian stock market, driven by sustained investor interest and positive economic signals. Despite…
The Indian stock market is experiencing a split between high valuations and strong economic fundamentals. Analysts caution against investing in overhyped stocks despite the…
Big Tech stocks have plunged as investors react to high valuations and concerns about AI technology. This downturn follows a period of inflated stock prices driven by speculative…
Auxilo, a fintech startup, recently secured $60 million in a Series C funding round led by Ascent Capital and other investors. The round valued the company at approximately $300…
Orkla India, the owner of MTR Foods, is considering an initial public offering IPO for 2025. The move aims to accelerate growth and increase market presence. Orkla India is…
In Q1 of FY24, Cipla reported a net profit increase of 18% to ₹1,177.64 crore, driven by growth in revenue which rose 5.8% to ₹5,099.76 crore. The company's performance was buoyed…
The Financial Express article highlights the upcoming Emerging Business Growth Workshops in Hyderabad, which will focus on the integration of digital technologies for MSMEs.…
Over the past four years, approximately 50,000 out of 2.76 crore registered Micro, Small, and Medium Enterprises MSMEs have shut down in India, according to government data. This…
Havells India’s share price rose significantly due to the strengthening of the Nifty index. The company’s stock surged as Nifty reached a record high, driven by positive investor…
The Indian government has announced an exemption from import duties on solar equipment, including modules, cells, and inverters, to support the country's solar energy projects.…
IndiGo reported a decline in net profit by 11.7% for Q1 FY25, totaling ₹2,116 crore, primarily due to increased operating expenses. The airline's revenue grew by 19% to ₹19,297…
On July 26, 2024, gold prices varied across Indian cities. In Delhi, 24-carat gold is priced at ₹58,550 per 10 grams, while 22-carat gold costs ₹53,600 per 10 grams. Mumbai’s…
India's Aviation Minister has pledged an investigation into sudden and significant increases in airfare prices. The assurance follows consumer complaints about the sharp hikes,…
The article reports a surge in trading volumes for New India Assurance Company Ltd. shares on the Indian stock exchange. This increase is attributed to a significant rise in…
Shares of public sector insurance companies in India, such as New India Assurance, have surged, with some stocks gaining up to 19%. This growth is attributed to improved financial…
The video discusses the impact of the recent budget on the insurance sector. Krishna Sanghavi explains that the budget introduces measures aimed at boosting the insurance…
Bihar is experiencing significant economic growth despite rising fiscal stress, according to a recent Comptroller and Auditor General CAG report. The state's revenue collection…
On July 27, 2024, banks across India will be closed due to a Saturday holiday, as it is the last Saturday before the income tax return ITR filing deadline. This closure may affect…
The Reserve Bank of India RBI has launched the fifth cohort of its regulatory sandbox, with five entities entering the test phase. This initiative aims to foster innovation in the…
Adani Energy has selected banks for a significant $600 million share sale. The company has appointed ICICI Securities, JP Morgan, and Citigroup to manage the offering. This move…
The Punjab and Haryana High Court ruled that a married couple eloping and choosing a live-in relationship can infringe upon their parents' right to dignity. This decision…
The Bombay High Court has rejected the default bail pleas of five accused in the Bhima Koregaon case. The court's decision came after it was contended that the chargesheets were…
The Supreme Court of India has taken significant notice of the illegal activities conducted by unlicensed money lenders, often engaging in usurious and predatory practices. This…
The Calcutta High Court has lifted a gag order imposed on West Bengal Chief Minister Mamata Banerjee by the Governor. This gag order had restricted her from making public…
The Supreme Court of India has highlighted the lack of progress in managing Delhi’s solid waste problem, despite repeated orders and proposals. The Court expressed frustration…
In a recent ruling, the Supreme Court directed the state to find a sponsor for a Muslim student’s schooling expenses after he was slapped by a teacher in a Karnataka government…
The Madhya Pradesh High Court has ruled that the Central Government's decision to ban the Rashtriya Swayamsevak Sangh RSS fifty years ago was based on a mistake. The court noted…
The Supreme Court of India has mandated that eateries, including those not governed by bar licenses, must display the names of their owners and employees prominently. This…
The Delhi High Court has directed the Delhi Police to respond to a plea seeking the quashing of an FIR against Trinamool Congress MP Mahua Moitra. The FIR was filed in connection…
The Supreme Court has issued notices to the governors of Kerala and West Bengal and the central government regarding delays in the assent of bills passed by these states. The…
The Delhi High Court has dismissed a Public Interest Litigation PIL challenging the central government's decision to observe August 14 as "Samvidhaan Hatya Divas" Constitutional…
The Supreme Court of India has emphasized the need for judicial officers to be proficient in the local language of their place of posting. This directive aims to enhance the…
The Kerala High Court has ruled that individuals who convert to a different religion can change their religion on their school certificates. The court found that denying such…
The Allahabad High Court intervened to prevent a teenage girl from undergoing a risky abortion, following a petition by her relatives. The court, highlighting the potential…
In a recent Karnataka High Court case, Byju Raveendran, CEO of BYJU’S, was accused of misleading the court regarding the Indian Premier League IPL and its sponsorship agreement…
The Supreme Court of India has appointed an amicus curiae to address the widespread issue of non-disbursement of Motor Accident Claims Tribunal MACT compensation across the…
The Himachal Pradesh High Court has proposed that tourists carry large garbage bags during their visits to the state to address the growing problem of waste disposal. This…
The Gujarat High Court dismissed a Public Interest Litigation PIL seeking the registration of an FIR in a fake encounter case. The PIL was filed against police officials accused…
The Madras High Court has ruled that naming a school with the term “tribal” stigmatises students from tribal communities. The court found that such names perpetuate stereotypes…
The Supreme Court of India has appointed an amicus curiae to provide recommendations on improving the process of distributing compensation from Motor Accident Claims Tribunals…
The Supreme Court criticized a High Court bench for its handling of an arbitration appeal, calling its order "atrocious" and not up to legal standards. The High Court's decision…
The Allahabad High Court dismissed an appeal under the Uttar Pradesh Value Added Tax UP VAT Act due to the absence of the appellant. The case involved the rejection of account…
Showing 50 of 42930 updates