The Bombay High Court has ruled in favor of allowing investment allowance adjustments due to exchange rate fluctuations. The case involved a company that claimed an investment…
19/07/20241 min read
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The Bombay High Court has ruled in favor of allowing investment allowance adjustments due to exchange rate fluctuations. The case involved a company that claimed an investment…
The ICAI has requested the government to reconsider the tax rebate provisions for short-term capital gains STCG under Section 111A and long-term capital gains LTCG under Section…
The Bombay High Court has ruled that an Income Tax order under Section 148 is unsustainable if it lacks sanction under Section 151. The case involved an assessment where the…
In a recent decision, the Madras High Court overturned a GST order imposing a ₹25,000 demand and ₹1.36 crore penalty on a company for generating a nil-value e-way bill. The court…
The Karnataka High Court has remanded a service tax matter back to the lower authority for further action. The case involves the government's demand for service tax payments,…
The Uttarakhand High Court is set to determine whether a Junior Commissioner JC can serve as a GST Appellate Authority. This decision arises from a challenge against the…
In a recent decision by the Madras High Court, a demand order against a grocery shop owner for a GST mismatch was remanded. The court required the shop owner to pre-deposit ₹1.5…
On July 19, 2024, the stock market saw fluctuations with the BSE Sensex and Nifty indices experiencing volatility. Early trading indicated a mixed sentiment among investors, with…
The Bombay High Court recently declared Maharashtra's RTE Right to Education rules, which allowed exemptions to private schools from reserving seats for economically weaker…
Filing Income Tax Returns ITR for Non-Resident Indians NRIs involves several steps. NRIs must determine their residential status, which affects their tax obligations. They are…
The Supreme Court of India has stayed the death sentence of a convict in the Kerala law student rape and murder case. This decision comes after the convict challenged the lower…
The Madras High Court has ruled that educational institutions cannot compel students to present certificates from previous institutions as part of the admission process. This…
The Bombay High Court has directed the Maharashtra state government to respond to a bail plea filed by the director of an advertising agency involved in the Ghatkopar hoarding…
The Madhya Pradesh High Court has denied Randeep Hooda’s plea to quash a notice issued to him. The notice, related to a defamation case, was challenged by Hooda on grounds of…
The Karnataka High Court has stayed the FIR against BJP MLA Bharath Shetty, who is accused of making hate speech. The court's decision halts any immediate action in the case,…
The Supreme Court has recently emphasized the importance of settlement in cases involving cheque dishonour, encouraging parties to resolve disputes amicably. The Court noted that…
The Himachal Pradesh High Court has overturned a previous order directing the state to refund over ₹280 crore to Adani. The court's decision came after reviewing the financial and…
The Securities and Exchange Board of India SEBI has imposed a penalty of ₹6 lakh on officials of an illegal financial advisory firm for violating regulatory norms. The firm had…
The International Court of Justice ICJ has declared that Israel's ongoing presence in the occupied Palestinian territories is unlawful under international law. This judgment…
The Supreme Court of India recently declined to entertain a petition challenging the Tamil Nadu Hindu Religious and Charitable Endowments Act. The petitioner argued that the Act…
Amritpal Singh has approached the Punjab and Haryana High Court seeking the quashing of proceedings under the National Security Act NSA . Singh, a prominent figure in the ongoing…
The Rajasthan High Court recently quashed an FIR filed outside its territorial jurisdiction. The court determined that the FIR, which was lodged in connection with a financial…
The Patna High Court ruled that a degree holder cannot claim a post reserved for diploma holders if the degree is not equivalent to the diploma qualification. The case involved a…
In the Moin Qureshi case, the Delhi High Court upheld the proceedings initiated under the Prevention of Money Laundering Act PMLA against businessman Sathish Babu Sana. The court…
In a recent development, the Karnataka High Court is hearing actor Darshan's plea for home-cooked food while he is in judicial custody. Darshan, who faces charges under various…
The Kerala High Court has ruled that only the Kerala Infrastructure Investment Fund Board KIIFB is allowed to issue masala bonds. The court's decision stems from KIIFB's role in…
The Karnataka High Court recently dismissed a PIL challenging the allocation of development funds in the Dasarahalli constituency. The petition had sought judicial intervention to…
The Uttarakhand High Court recently granted protection to an inter-faith live-in couple, conditional upon registering their union under the Uniform Civil Code within 48 hours. The…
The Delhi High Court has found the Delhi Development Authority DDA in contempt of court for failing to comply with its orders in a land allotment case. The court had previously…
The Madras High Court has ruled that schools cannot insist on a Transfer Certificate TC during the admission process. This decision addresses concerns where some schools were…
In a recent Delhi High Court decision, it was emphasized that magistrates must apply their minds carefully when issuing summons under Section 138 of the Negotiable Instruments Act…
The Bombay High Court has temporarily stayed the Maharashtra government's demolition order for the historic Vishalgad Fort. The court's decision comes after communal violence was…
The Bombay High Court recently held that the process of appointing judges to the High Court must be transparent and adhere to established procedures. The court emphasized the…
The Chhattisgarh High Court recently addressed the admissibility of a dying declaration made before an executive magistrate and a doctor in a murder conviction case. The court…
The Delhi High Court recently issued a notice for the appointment of permanent judges. This development follows recommendations by the High Court collegium and aims to address the…
In a recent ruling, the Jammu & Kashmir High Court addressed a case under the Drugs and Cosmetics Act concerning the Right to Information RTI Act. The court determined that…
The Kerala High Court has directed that the selection process for establishing the GST Appellate Tribunal be completed within four months. This order aims to address delays in the…
The Gauhati High Court has dismissed a Public Interest Litigation PIL challenging the Karbi Anglong Autonomous Council's KAAC election results. The petitioners alleged…
The Kerala High Court has ruled that a doctor can be prosecuted under Section 19 1 of the POCSO Act for failing to report to the police an offence committed against a minor, even…
The Delhi High Court ruled on a petition under Section 482 of the CrPC concerning delays and laches in criminal proceedings. The court emphasized that the limitation period for…
In a recent development, the Calcutta High Court has instructed the West Bengal Police to submit detailed information about all cases filed against BJP leader Suvendu Adhikari.…
The Lokpal has declined to investigate allegations made by Prime Minister Modi, claiming that Congress received black money from Adani and Ambani. The Lokpal stated that these…
The Supreme Court of India has extended the term of the committee investigating the recent violence in Manipur, following the panel's request. The judges' panel, appointed to…
The Supreme Court has clarified that bail cannot be denied under the UAPA solely based on the nature of the statute, distinguishing a previous ruling. Emphasizing judicial…
On July 18, 2024, the Indian stock markets extended their record-breaking run as the Sensex surged past 81,000 for the first time, closing at 81,343.46 with a gain of 626.91…
On July 17, both the Bombay Stock Exchange BSE and National Stock Exchange NSE will remain closed in observance of Muharram. This includes halting trading in derivatives,…
InMobi is reportedly aiming for a valuation of about $10 Bn in an initial public offering it is planning for next year. It aims to list in India\r An IPO in India at a $10 Bn…
In 2023, Virat Kohli regained his position as India's most valued celebrity with a brand value of $227.9 million, marking a significant 29% increase from the previous year. This…
Milky Mist, known for its range from paneer to ice cream, is gearing up for an IPO to raise Rs 1,500-2,000 crore within the next year, valuing the company at Rs 20,000 crore.…
The Karnataka High Court recently intervened in a case involving buyers of flats in Ozone Urbana, ordering the inclusion of company promoters in the proceedings to attach their…
The Bombay High Court has ruled in favor of allowing investment allowance adjustments due to exchange rate fluctuations. The case involved a company that claimed an investment…
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