SEBI has proposed amendments to streamline procedures for handling securities law violations by intermediaries through summary proceedings. The amendments aim to expedite the…
16/07/20241 min read
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SEBI has proposed amendments to streamline procedures for handling securities law violations by intermediaries through summary proceedings. The amendments aim to expedite the…
SEBI has proposed a new asset class aimed at bridging investment gaps by allowing startups to list on SME exchanges without an IPO. This move targets boosting capital flow to…
The Rajasthan Court acquitted a Dargah cleric accused of chanting "Sar Tan Se Juda" against politician Nupur Sharma, citing lack of evidence. The court found discrepancies in…
The Delhi court has temporarily restrained the sale of a defamatory book about Rana Kapoor, co-founder of Yes Bank, in response to a suit filed by Kapoor's family. The book…
SEBI has imposed a fine of Rs. 25 lakh on Monetary Solutions Ltd. for multiple regulatory breaches, including failure to segregate client securities and not maintaining client…
Paytm received a warning from SEBI for transactions involving Paytm Payments Bank without regulatory approval. SEBI found that Paytm allowed certain customers to open bank…
The Supreme Court ruled that the prosecution of serious crimes cannot be withdrawn solely because the accused is an elected representative. The decision emphasized that the nature…
The Kerala High Court ruled that disallowance of employer's contribution to EPF/ESI is permissible only if deposited by the due date of filing the return. The court emphasized…
The article discusses the Enforcement Directorate's claim that Tamil Nadu district collectors have withheld documents, which the state disputes. This dispute arose in a case…
The Supreme Court enhanced the sentence for bigamous marriage, emphasizing punishment proportional to the offense's gravity. The case involved a man convicted of entering into a…
In a recent ruling, the Supreme Court held that a plaintiff in a specific performance suit is not obligated to seek cancellation of a subsequent sale deed executed with prior…
In a significant ruling, Haryana RERA ordered a builder to compensate a homebuyer for a nine-year delay in possession with interest. The case highlights consumer protection under…
In Karnataka RERA case, a homebuyer faced a 6-year delay in possession by the builder, seeking interest on the flat's cost. The appellate authority ordered the builder to pay…
In a recent case, NCDRC held HDFC Bank responsible for unauthorized transactions, ruling that failure to send SMS alerts to the customer was a breach of duty. The complainant…
The Delhi High Court upheld an arbitrator's calculation method in a dispute involving Reliance Communications, affirming the use of total call seconds rather than call minutes to…
The National Company Law Tribunal NCLT in Bengaluru has accepted an insolvency plea against Think and Learn Pvt. Ltd., filed by the Board of Control for Cricket in India BCCI over…
The Income Tax Appellate Tribunal ITAT ruled that bonus payments included in Cost to Company CTC cannot be disallowed under Section 43B of the Income Tax Act. Renault India…
The Delhi High Court set aside a GST order due to the rejection of a reply to show cause notice SCN without proper reasoning and failure to provide a personal hearing. The court…
The article discusses income tax liability concerns and highlights income tax savings schemes as solutions. It emphasizes the importance of planning investments and utilizing…
The article discusses a ruling by CESTAT stating that no service tax is applicable on electroplating activities if they do not involve processing or manufacturing goods on behalf…
The Ministry of Commerce has notified new pesticide control measures for sesame seed exports to the USA, inviting public comments until August 12. The measures aim to enhance…
The article discusses how the reasonableness of business expenditure should be judged from the perspective of a businessman rather than solely from a revenue standpoint, according…
The Income Tax Appellate Tribunal ITAT has condoned a delay of 1430 days in filing an appeal, stating that the assessee cannot be penalized for the fault of their Chartered…
The Madras High Court found a GST show cause notice reply inadequate and not self-explanatory, allowing the petitioner to contest the order on a reduced pre-deposit of 10%. The…
The Karnataka State Chartered Accountants Association KSCAA has highlighted 11 significant issues with the Income Tax portal in a representation to the Central Board of Direct…
The Madras High Court has directed the reconsideration of a GST DRC-07 order, which was issued without considering the Chartered Accountant's reply to the Show Cause Notice SCN .…
The Delhi High Court has ruled that the cancellation of GST registration does not absolve a petitioner from their tax liabilities. The case involved a petitioner whose GST…
The Income Tax Appellate Tribunal ITAT has ruled that losses incurred from the sale of shares on the stock exchange can be set off against long-term capital gains LTCG from the…
In a case involving the mis-shipment of black pepper labeled as green pepper, the Madras High Court directed customs authorities to expedite the disposal of a re-export…
The Madras High Court remanded a GST order that estimated the outward supply at 110% of the purchase value by invoking Rule 30. The court noted that the estimation lacked…
The Calcutta High Court ruled that viewing additional notices and orders on the GST portal does not equate to valid service of notice under Section 169 1 d of the CGST Act. The…
Customs officials at Delhi's Indira Gandhi International Airport seized 59 iPhones and other luxury goods worth Rs. 69.23 lakhs. The contraband was discovered during a routine…
Uber and other ride-hailing apps are seeking clarity from the Indian government regarding their GST liability. This follows the tax authorities' decision to impose a 5% GST on…
The GST Council has reconstituted a key panel to facilitate system reforms. Major decisions include an increase in the threshold for reporting B2C inter-state supplies from INR…
In a Mumbai court, Mihir Shah, accused in a BMW hit-and-run case, has been remanded to 14 days' judicial custody. The incident occurred in 2023, resulting in the death of two…
The Madhya Pradesh High Court has determined that the existing structure at Bhojshala in Dhar was originally a temple, based on an ASI survey. Despite subsequent uses as a mosque,…
The NCDRC upheld a penalty against T and T Motors for delayed repair of a Mercedes-Benz car, ruling in favor of the consumer's complaint. The dispute centered on the extended…
Tamil Nadu has approached the Supreme Court seeking an order to prevent police interference with BJP leader Kesava Vinayagan. This move follows alleged harassment by the police…
The Karnataka High Court ruled that Article 226 jurisdiction cannot be used for stale or virtually dead claims, emphasizing timely assertion of rights. The case involved a dispute…
In a significant judgment, the Madras High Court held the Special Deputy Commissioner of Police responsible for leaking the identity of a minor involved in pregnancy termination…
The Supreme Court has appointed a panel led by Justices S. Ravindra Bhat and Satish Chandra to oversee the auction of assets worth ₹4,000 crore. This move aims to expedite the…
The Supreme Court is set to hear a plea regarding the vacant post of Deputy Speaker in the Lok Sabha. The plea seeks a directive to the Lok Sabha Speaker to initiate the process…
The Haryana government has moved the Supreme Court challenging a High Court order to reopen the Shambhu border, which was closed during the farmers' protests. The state contends…
The Supreme Court dismissed a petition seeking review of its decision rejecting a SIT/CBI probe into the Adani-Hindenburg matter. The court had previously ruled that no credible…
The Supreme Court is considering the formation of a committee to streamline reform suggestions from the Supreme Court Bar Association SCBA . This initiative aims to address…
In the article, Mukhtar Ansari's son alleges that his father, a prominent politician, was poisoned while in judicial custody, prompting a plea for investigation into his death.…
In a plea by DK Shivakumar to quash a CBI disproportionate assets case, the Supreme Court refused, citing insufficient grounds and directing him to face trial. The court dismissed…
In Karnataka RERA, a homebuyer waited six years for possession of a flat, prompting the authority to order the builder to pay interest. The delay led to compensation for mental…
In a recent ruling, the NCDRC held HDFC Bank responsible for unauthorized transactions due to failure in SMS alerts, awarding compensation. The case highlights consumer rights…
In a recent Karnataka RERA case, a homebuyer sought a refund from a builder for delayed possession beyond the stipulated 12-month period. The Karnataka RERA upheld the homebuyer's…
SEBI has proposed amendments to streamline procedures for handling securities law violations by intermediaries through summary proceedings. The amendments aim to expedite the…
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