The Delhi High Court highlighted prolonged case pendency due to litigants' enmity, which unnecessarily prolongs litigation. The court emphasized the need for parties to resolve…
04/07/20241 min read
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The Delhi High Court highlighted prolonged case pendency due to litigants' enmity, which unnecessarily prolongs litigation. The court emphasized the need for parties to resolve…
The Andhra Pradesh High Court addressed a petition challenging the hike in ticket prices for the movie "Kalki" in theatres. The petitioner argued that the increase was illegal and…
The Jharkhand High Court ruled that Section 11 of the Arbitration Act necessitates a thorough review of written, signed arbitration clauses, affirming that Section 7 requirements…
The Gujarat High Court has granted an eight-week parole to a convict in the Haren Pandya murder case, citing medical grounds. The convict had appealed for relief due to…
The Jharkhand High Court has awarded ₹5 lakh compensation to a victim of police brutality who was wrongly taken into custody and tortured. The court directed recovery of the…
The Delhi High Court upheld the immunity of a registered trademark holder against allegations of passing off. The case involved challenges to the validity of the trademark…
The Delhi High Court has underscored the importance of empowering families to report child sexual abuse, emphasizing the judiciary's role in supporting victims and their families…
The Bombay High Court is currently hearing challenges to the Maratha reservation under the Socially and Educationally Backward Classes Act. The petitioners argue that the Act…
In a recent Karnataka RERA case, a homebuyer sought a refund from a builder after the latter failed to register a sale agreement for 10 flats. The buyer demanded a refund of…
In a recent ruling, Maharashtra Real Estate Regulatory Authority MahaRERA has mandated that builders must maintain three separate bank accounts for each project starting July 1.…
In a recent case, Mysore District Commission ruled against Flipkart in a dispute over a mobile exchange offer. The complainant alleged that Flipkart failed to honor the terms of…
In a recent case under Maharera, Spenta Builders were ordered to pay interest to a homebuyer for delaying possession of the property. The Maharashtra Real Estate Regulatory…
In a recent case before the Hyderabad District Consumer Disputes Redressal Commission, IndiGo Airlines was ordered to compensate a passenger for delayed delivery of baggage. The…
In a recent ruling, the Haryana RERA directed Ambience Projects to hand over possession to homebuyers, compensating them for delayed possession. The authority emphasized the…
In a recent case before the Shimla District Commission, ICICI Bank was directed to refund excess deductions made from a customer's account for a loan settlement. The complainant…
The Delhi High Court ruled on ITSC's conclusiveness in tax matters, stating that findings cannot be disputed if they are based on full disclosure and all relevant facts. The court…
The Kerala High Court recently excused a delay in filing an appeal related to tax matters, citing the complexity and technicality requiring legal assistance. The court…
In a recent decision, the Income Tax Appellate Tribunal ITAT ruled that license fees for live transmissions of cricket matches between Australia and India do not qualify as…
The Allahabad High Court has admitted a writ petition challenging the provisions for appeal against an order by a State GST officer under the IGST Act. The petitioner argued that…
In a recent case, the CESTAT held that charges for quality assurance and testing of rifles are not exempt from service tax under the 'goods for exports' category. The tribunal…
The Delhi High Court ruled that income from services rendered by IMG outside India but utilized by BCCI in India is taxable in India. The court dismissed IMG's contention that…
In a recent case, the CESTAT held that excess service tax paid cannot be adjusted against future tax liabilities if not specifically allowed under the law. The appellant, a…
The Karnataka High Court allowed condonation of delay for filing a GST appeal online within the stipulated time, despite physical filing occurring late due to technical issues.…
The case discussed in the article highlights a procedural lapse where non-mentioning of service tax registration on invoices led to denial of CENVAT credit. The CESTAT ruled that…
The Jharkhand High Court clarified that Section 11 of the Arbitration Act necessitates a thorough examination of written and signed arbitration clauses. It emphasized that…
The article discusses the availability of banks for income tax payments through the e-Pay tax service for the year 2024. It highlights the convenience and accessibility provided…
The Income Tax Appellate Tribunal ITAT allowed a cooperative society to claim Sec 80P deduction on interest earned from a cooperative bank. The tribunal held that interest income…
CBIC has clarified the time of supply for construction and maintenance projects of NHAI, stating that the date of completion certificate issuance marks the service completion.…
The CBIC issued a clarification regarding the eligibility of Input Tax Credit ITC on motor vehicle repair expenses under the reimbursement mode of insurance claim settlement. The…
ITAT decision allowing depreciation claims for the excess amount paid over the net asset value of a seller's business. ITAT ruled that the excess amount qualifies as goodwill,…
The Ministry of Corporate Affairs MCA will launch new company forms on July 15th, 2024, due to the migration to the Version 2 portal. Until then, the current portal will be…
The National Company Law Tribunal NCLT has permitted the withdrawal of Zee Entertainment's merger with Sony Group, citing reasons related to commercial decisions and shareholder…
In a recent case, the CESTAT quashed a Customs order due to unsatisfied conditions under Section 28 of the Customs Act, ruling it as time-barred. The appellant argued that the…
The Calcutta High Court ruled that distributors and franchisees receiving payments from third parties/customers are not liable for TDS under the Income Tax Act. This decision…
The GST portal has introduced a feature allowing taxpayers to track the status of their return filing for each financial year separately. This enhancement aims to provide clarity…
The Income Tax Department has issued a warning against submitting false claims in income tax returns, emphasizing accurate reporting to avoid penalties and legal consequences.…
Ravi Agrawal, the new CBDT chief, has initiated a 100-day plan emphasizing action-oriented strategies. He aims to streamline tax administration and enhance taxpayer services.…
A recent PwC India report reveals that family offices in India are evolving from traditional wealth preservation units to dynamic, impactful investors. With over 300 family…
OYO has raised ₹417 crore $50 million from Incred at a valuation of ₹19,756 crore $2.38 billion , significantly lower than its $10 billion peak valuation. This funding is part of…
Sentient, an AI startup co-founded by Polygon’s Sandeep Nailwal, has completed an $85 million seed funding round led by Founders Fund, Pantera Capital, and Framework Ventures. The…
PV Sindhu will join D2C health startup Hoop as a strategic investor and brand ambassador. Launched in October 2023, Hoop offers magnesium, eucalyptus, and lavender-infused…
New Delhi: ACME Solar Holdings has filed for a ₹3,000 crore IPO to fund aggressive green energy expansion, including new solar and wind projects. The draft red herring prospectus…
On July 1, SEBI introduced a uniform fee structure for stock exchanges, affecting brokers like Zerodha, which might end its zero brokerage model. Zerodha co-founder Nithin Kamath…
On July 1, 2024, US-based short-seller Hindenburg Research received a show cause notice from SEBI accusing it of short selling Adani Enterprises stock based on non-public…
SEBI has updated Chapter V of the Master Circular on the issuance and listing of debt securities and non-convertible redeemable preference shares, effective May 22, 2024. The…
On Wednesday, RBI Governor Shaktikanta Das urged select public and private sector banks to strengthen efforts against mule accounts and digital frauds. In a meeting with bank…
On Wednesday, RBI Governor Shaktikanta Das met with MDs and CEOs of public and private sector banks to discuss strengthening governance, risk management, and compliance. He…
The RBI has revised guidelines allowing Authorised Dealers AD Category-I and II to facilitate remittances via online or physical submission of Form A2 without limits, as stated in…
On July 3, 2024, the RBI Governor met with MDs & CEOs of Public and Private Sector Banks in Mumbai, joined by Deputy Governors and Executive Directors. The Governor commended…
Shares of Bharat Dynamics Ltd surged 4.88% to a one-year high of Rs 1,674.90 on Wednesday, settling at Rs 1,632.45, up 99.02% over six months. Heavy trading saw 7.06 lakh shares…
The Delhi High Court highlighted prolonged case pendency due to litigants' enmity, which unnecessarily prolongs litigation. The court emphasized the need for parties to resolve…
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