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The Bombay High Court has directed action on allegations by students against ILS Law College, Pune, including concerns over the functioning of the Internal Complaints Committee…
The Allahabad High Court has directed the Uttar Pradesh government to consider extending the benefits of schemes meant for Scheduled Castes, Scheduled Tribes, and Other Backward…
The Kerala High Court ruled that a secured asset remains encumbered even after the secured creditor purchases it in a sale under the SARFAESI Act. The court reasoned that the…
The ITAT cancelled the penalty under section 271D of the Income Tax Act, citing reasonable cause and the assessee's bona fide actions. The case involved non-compliance with the…
The Income Tax Appellate Tribunal ITAT dismissed an appeal where a taxpayer opted for assessment under Section 44AD without maintaining regular day books of account. The ITAT…
The Income Tax Appellate Tribunal ITAT ruled that Section 56 2 vii of the Income Tax Act, which deals with taxation of gifts, does not apply to non-residents receiving shares at a…
The CESTAT Customs, Excise and Service Tax Appellate Tribunal set aside a service tax demand on TDS paid for a foreign service provider, ruling that the payment constituted…
The Indian government has permitted the import of potatoes from Bhutan without a license until June 30, 2027. This decision aims to stabilize potato prices and ensure an adequate…
The Tripura High Court ruled on the revision of the ceiling limit under the Gratuity Act, affirming that an employee is entitled to gratuity based on the last drawn salary,…
The Karnataka High Court ruled that a Chinese national facing criminal charges can return home until trial completion, emphasizing the need for flexibility in Indian laws to…
In a statement, Accenture said that the acquisition will enable it to further enhance its semiconductor design and engineering capabilities.\r The deal will also see Excelmax’s…
The Directorate General of Foreign Trade DGFT has revised the Rice Export Inspection Rules for certain European countries. The amendments focus on streamlining the inspection…
The GST Council has decided to provide substantial relief to the insurance sector by dropping demands amounting to ₹20,000 crore. This decision comes as a significant reprieve…
The Delhi High Court upheld the jurisdiction of the Income Tax Settlement Commission ITSC to make additions under Section 132 of the Income Tax Act. The case involved a taxpayer…
The Allahabad High Court has allowed a company to challenge the Directorate General of GST Intelligence's attachment of its bank account under Section 83 of the GST Act. The court…
The Income Tax Department conducted a raid on a used luxury car showroom in Kozhikode, Kerala, revealing black money transactions amounting to Rs 102 crore. The raid uncovered…
The Calcutta High Court ruled that cellular mobile service providers must deduct TDS on commission payments to distributors under the Income Tax Act, despite the argument that…
The article discusses the arrest of a sales tax officer and the alleged mastermind in a Rs.175 crore GST refund scam by the ACB. The accused facilitated fraudulent GST refund…
In a recent case before the Bangalore District Consumer Disputes Redressal Commission, Udupi Garden Restaurant was penalized for serving cold food to customers. The complainant…
The GSTN has issued an advisory on enhancements to GST registration functionalities, focusing on addressing related fields. Updates include additional fields for HSN/SAC codes and…
The Allahabad High Court criticized delay tactics by taxpayers and directed them to seek statutory remedies for Section 73 GST orders. The court emphasized that taxpayers cannot…
The Bombay High Court, in a recent ruling, overturned a penalty imposed on FPGI, citing that there was no intent to evade tax on debatable issues related to entertainment duty.…
The Kerala High Court has quashed an order demanding late fees for delayed filing of GSTR-9C under CGST rules, noting a waiver for amounts above Rs. 10,000 as per recent…
The Finance Minister is set to present the Union Budget for the fiscal year 2024-25 in the Lok Sabha on July 23rd. This budget holds significant implications for various sectors,…
The government has decided that the Directorate General of GST Intelligence DGGI must now obtain approval from the Union Ministry of Finance before sending GST demand notices.…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that excess service tax payments can be adjusted against future tax liabilities. This decision came in…
The Ministry of Corporate Affairs MCA has issued General Circular No. 04/2024, addressing the filing of Forms BEN-2 and MGT-6 amid the migration to the MCA 21 V3 portal from July…
The article discusses an IGST refund drive initiated by Tuticorin Customs to rectify errors in shipping bills. The drive aims to correct errors related to invoice details, IGST…
In a recent ruling, the Gujarat High Court held that admission fees paid to an educational trust constitute a corpus donation, qualifying for exemption under Section 11 1 d of the…
Finance Minister Nirmala Sitharaman is set to make history by becoming the first woman Finance Minister to present seven consecutive annual Union Budgets in India. This milestone…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that excess service tax payments can be adjusted against future tax liabilities. This decision came in…
Union Finance Minister Nirmala Sitharaman will present the Union Budget for 2024-25 on July 23, 2024. The Budget session will run from July 22 to August 12, 2024, subject to…
The Delhi High Court has reaffirmed the Institute of Chartered Accountants of India’s ICAI authority to regulate Big Four audit firms' affiliates in India. This decision, issued…
The Delhi High Court ruled that the termination of pregnancy can proceed based on a medical board's opinion, even without a woman's consent if she is in a vegetative state. The…
Raselle Capital VCC has settled allegations by SEBI regarding violations of FPI regulations by paying Rs. 123 crore. The settlement follows SEBI's investigation into Raselle's…
The Delhi High Court has reaffirmed the Institute of Chartered Accountants of India’s ICAI authority to regulate Big Four audit firms' affiliates in India. This decision, issued…
The Madhya Pradesh High Court ruled that a woman cannot accuse rape merely because a long-term relationship ended. The court emphasized that sexual relations under a promise of…
The ITAT cancelled the penalty under section 271D of the Income Tax Act, citing reasonable cause and the assessee's bona fide actions. The case involved non-compliance with the…
The Punjab and Haryana High Court has directed the Telecom Secretary to address concerns regarding fraudulent calls made via prepaid SIM cards, emphasizing the seriousness of…
The Meghalaya High Court reinstated an employee who was dismissed due to potential mental health issues, ruling that disciplining such personnel in disciplined forces without due…
The Rajasthan High Court ruled that a tenant is not a necessary party in proceedings for letters of administration under Section 278 of the Indian Succession Act. The court…
The Income Tax Appellate Tribunal ITAT ruled that Section 56 2 vii of the Income Tax Act, which deals with taxation of gifts, does not apply to non-residents receiving shares at a…
The GST Council has decided to provide substantial relief to the insurance sector by dropping demands amounting to ₹20,000 crore. This decision comes as a significant reprieve…
The Delhi High Court ruled in a case involving trademark infringement by Tesla in India. The court found Tesla liable for passing off and directed it to pay damages to the Indian…
The Delhi High Court upheld the jurisdiction of the Income Tax Settlement Commission ITSC to make additions under Section 132 of the Income Tax Act. The case involved a taxpayer…
The GSTN has issued an advisory on enhancements to GST registration functionalities, focusing on addressing related fields. Updates include additional fields for HSN/SAC codes and…
The Bombay High Court, in a recent ruling, overturned a penalty imposed on FPGI, citing that there was no intent to evade tax on debatable issues related to entertainment duty.…
The Delhi High Court ruled that the Institute of Chartered Accountants of India ICAI can proceed against an entire CA firm for misconduct, but not against individual CAs. This…
AstraZeneca India is investing $30 million ₹250 crore to expand its Global Innovation and Technology Centre GITC in Chennai, making it the largest Global Capability Centre GCC…
In a recent ruling, the Gujarat High Court held that admission fees paid to an educational trust constitute a corpus donation, qualifying for exemption under Section 11 1 d of the…
The Bombay High Court has directed action on allegations by students against ILS Law College, Pune, including concerns over the functioning of the Internal Complaints Committee…
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