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In the second half of 2024, the investment landscape for startups is set to improve significantly, signaling an end to the "funding winter." Investors are expected to become more…
The Madhya Pradesh High Court emphasized the need for a Uniform Civil Code UCC to eliminate fundamentalist practices masked as faith and belief. Justice Anil Verma noted the…
The Karnataka High Court has ruled that an Official Liquidator must verify and satisfy themselves regarding the liability to pay GST or service tax before settling claims. In the…
In a significant ruling, the Karnataka High Court has annulled GST notices issued to a non-existent entity. The court found that the GST authorities had wrongly initiated…
The article "SAAR vs GAAR in Tax Laws: Do They Clash or Intersect?" explores the relationship between the Specific Anti-Avoidance Rules SAAR and the General Anti-Avoidance Rules…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that the appellant is entitled to interest on the GST refund for the amount deposited during the investigation…
The Karnataka High Court has ruled that blocking the Input Tax Credit ITC in a GST ledger beyond the permissible one-year period is unlawful. In this case, the court found that…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that co-owners holding immovable property are to be considered independent service providers, thereby allowing…
The Orissa High Court quashed a customs order against JSW Steel, which rejected their test analysis report without providing reasons. JSW Steel, an exporter, challenged the…
The Orissa High Court has quashed an order issued under Section 73 of the Odisha Goods and Services Tax OGST Act due to the lack of an opportunity for a hearing. The petitioner…
The article discusses the reduction in dividend income from shares and mutual funds due to changes in income tax regulations. Dividends received from shares and mutual funds are…
In a recent ruling, the Karnataka High Court has clarified that GST proceedings cannot be initiated against a non-existent company. The Court emphasized that actions taken against…
In a recent ruling by the Telangana High Court, it was determined that an Income Tax notice and order lacking the signature of a proper officer cannot be upheld. The court…
The Andhra Pradesh High Court has directed an assessee to seek remedy under Section 30 of the GST Act following the cancellation of GST registration due to allegations of fake…
The Bombay High Court has directed the Maharashtra authorities to expedite the adjudication process concerning a show cause notice SCN related to the seizure of a truck under…
The Calcutta High Court has overturned an order rejecting a GST appeal due to a delay in filing. The court ruled that the delay was sufficiently explained by the appellant, thus…
The Andhra Pradesh High Court dismissed a petition challenging the cancellation of GST registration. The petitioner argued that the cancellation was unjust, but the court ruled…
The Income Tax Department's portal has been updated, resulting in the denial of rebate claims for short-term capital gains STCG . Previously, taxpayers could claim a rebate under…
The Central Board of Direct Taxes CBDT has awarded the Taxnet-2.0 project to M/s Bharti Airtel Ltd. The project aims to enhance the IT infrastructure of the Income Tax Department,…
The Kerala High Court recently dealt with a case involving Pinarayi Vijayan, the Chief Minister of Kerala, and Veena Exalogic Solutions. The dispute centered around allegations of…
ICICI Lombard General Insurance Company reported a 48.68% increase in profit for Q1, reaching ₹1,124 crore compared to the previous year. The company's gross direct premium income…
A larger Bench of the Kerala High Court will decide if a Magistrate can order an investigation against a public servant under the Prevention of Corruption Act without prior…
The Uttarakhand High Court acquitted two Muslim men, Rizwan and Bablu, accused of kidnapping and forcibly converting a Hindu girl in an alleged 'love jihad' case. The court cited…
The Delhi High Court criticized the Delhi Development Authority DDA for neglecting public parks, particularly the District Park in Janakpuri. Justice Dharmesh Sharma emphasized…
The Madhya Pradesh High Court stressed the need for the Uniform Civil Code UCC to become a reality, emphasizing its potential to curb superstitious and harmful practices and…
Ahead of the 2024 budget, banks in India are expressing key expectations from the finance minister. They seek enhancements in the Foreign Direct Investment FDI policy to attract…
RBI Governor Shaktikanta Das announced that there are no plans to permit business houses to promote banks in India. This decision is aimed at maintaining financial stability and…
HDFC Bank's CSR spend for FY24 crossed ₹945 crore, marking an increase of ₹125 crore from the previous year. Through its Parivartan initiative, the bank has impacted over 10 crore…
State Bank of India's SBI systems remained unaffected by the recent global outage of Microsoft services, according to SBI Chairman Dinesh Kumar Khara. He confirmed that all…
On July 19, 2024, Yes Bank's share price exhibited notable volatility amid market fluctuations. The bank's shares opened lower due to ongoing investor concerns and macroeconomic…
IDFC First Bank's shares surged 4.38% today, reaching ₹97.3 on the BSE following the Q1 FY25 results. The bank reported a net profit of ₹765 crore, a significant 61% increase…
Canara Bank's shares experienced a dynamic trading session on July 19, 2024. The stock showed a fluctuating trend, with intraday highs and lows reflecting market volatility.…
Axis Bank's sales manager is in custody following an investigation into the suicide of a junior colleague. The deceased, a 29-year-old assistant manager, allegedly took his life…
Nazara Technologies has acquired full ownership of Paper Boat Apps in a ₹300 crore deal. This strategic move aligns with Nazara's growth plans in the gaming and app development…
Public Sector Undertaking PSU mutual funds have delivered impressive returns of up to 99% over the past year, surpassing their private sector counterparts. This performance is…
In a recent decision, the Telangana High Court set aside an Income Tax reassessment notice issued by the authorities, emphasizing that modifications under the Finance Act 2021…
India's electronics sector requires tax structure reforms to boost growth and competitiveness, according to a NITI Aayog report. The document highlights the need to rationalize…
The Indian financial landscape is experiencing a significant structural transformation, according to RBI Governor Shaktikanta Das. He emphasized the need for innovation and…
India’s banking sector is facing a significant deposit crunch, with a widening gap between credit and deposit growth. The Reserve Bank of India RBI has highlighted structural…
The Reserve Bank of India RBI has instructed banks and payment companies to report on their systems' status following the Microsoft outage that recently impacted several sectors.…
The RBI Governor recently highlighted a shift in household savings from banks to mutual funds, impacting bank liquidity. This trend is fueled by the search for higher returns…
The Indian Rupee ended at a record closing low against the US Dollar, driven by global economic uncertainties and domestic factors. The currency fell to ₹84.75, exacerbated by a…
In the second half of 2024, the investment landscape for startups is set to improve significantly, signaling an end to the "funding winter." Investors are expected to become more…
Bengaluru-based drone startup Aereo has secured $15 million in Series B funding led by a major venture capital firm. This investment will fuel the company's expansion and…
SaaS startup Bitscale has secured its first funding round, led by First Cheque. The company, which focuses on providing cloud-based solutions, raised an undisclosed amount to…
The article discusses Chennai's burgeoning startup ecosystem, highlighting the role of Madhusudanan R, founder of M2P Fintech. The city has become a hub for innovation, thanks to…
Google is set to lead a $250 million funding round for Glance, a prominent Indian mobile startup under InMobi. This investment is part of Glance's strategy to enhance its presence…
Today's market updates reflect a positive trend with major indices rising. The Nifty 50 is up by 0.8%, while the Sensex has increased by 1.1%. Key sectors driving the gains…
On July 19, 2024, Indian stock markets showed mixed performance with the Sensex fluctuating between gains and losses. The Sensex was seen at 65,013.81, up by 0.01%, while the…
Microsoft's cloud outage recently disrupted stock trading operations, affecting major trading platforms and resulting in trading delays and losses. The incident impacted the…
In the second half of 2024, the investment landscape for startups is set to improve significantly, signaling an end to the "funding winter." Investors are expected to become more…
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