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The Reserve Bank of India RBI has set the interest rate for its Floating Rate Savings Bonds 2020 Taxable at 8.05% for the period from July 1, 2024, to December 31, 2024. The rate…
The Madras High Court dismissed a plea seeking standard operating procedures SOP for CCTV footage management in police stations. The court cited existing guidelines from the…
The Bombay High Court denied bail to a person accused in a drunken driving case, citing the seriousness of the offense and public safety concerns. The accused was allegedly found…
The Madras High Court has issued a PIL claiming that naming three new criminal laws in Hindi and Sanskrit is unconstitutional. The petition argues that using these languages…
In a recent ruling, the Madras High Court prohibited lawyers from using military or governmental prefixes like Lt. Colonel or MP in court documents. The decision emphasized that…
The Bihar government has approached the Supreme Court challenging the Patna High Court's decision to annul a law providing 65% reservation in government jobs and educational…
The Orissa High Court ruled on the jurisdiction of consumer commissions concerning disputes under the SARFAESI Act, clarifying that such commissions lack authority in matters…
In a recent decision, the Chhattisgarh High Court upheld a conviction under Section 364A of the IPC, ruling that proof of abduction and ransom demand, coupled with a threat to…
In a recent ruling, the Meghalaya High Court addressed the validity of applications to recall witnesses under Section 311 of the CrPC. The court emphasized that such applications…
In a recent ruling, the Karnataka High Court criticized the state government for its inadequate implementation of the Prohibition of Employment as Manual Scavengers Act. The court…
In a recent ruling, the Kerala High Court clarified the powers of the Insurance Ombudsman under Rule 17 of the Insurance Ombudsman Rules, 2017. The court held that while the…
Global brokerage firm Morgan Stanley forecasts significant growth for Reliance Industries RIL , led by Mukesh Ambani, predicting a potential market capitalisation increase of…
The Delhi Bench of the Income Tax Appellate Tribunal ITAT ruled that cooperative banks are considered cooperative societies engaged in banking business, making them eligible for…
The Gujarat High Court has ruled that failure to file claims during insolvency proceedings under sections 31 and 32A of the Insolvency and Bankruptcy Code IBC results in abatement…
The Equalisation Levy 2020, impacting digital transactions, has been extended in both India and the USA until June 30, 2024. This extension continues the transitional approach…
HDFC Life Insurance has been issued a tax demand of Rs 1,495.17 crore by the Income Tax Department. This demand is related to reassessment proceedings for the assessment year…
SEBI has imposed a two-year market ban on 4W Wealth Management and its directors for illegally offering investment advisory services without registration. The ban follows an…
In a recent decision, the Karnataka High Court allowed a husband to initiate criminal proceedings against his wife for falsely accusing him under Section 498-A of the IPC. The…
The Patna High Court ruled on the use of secondary evidence in determining the age of a victim in a POCSO case. It held that the birth certificate is not the sole criterion for…
The Reserve Bank of India RBI has imposed a penalty of ₹29.60 lakh on HSBC Bank for non-compliance with regulations governing card operations. The penalty was levied after an…
The Maharashtra Real Estate Regulatory Authority MahaRERA has directed Marvel Realtors & Developers to apply for an extension to complete the Marvel Aquanas project and hand over…
On July 1, 2024, India implemented three new criminal laws: the Bharatiya Nyaya Sanhita BNS , Bharatiya Nagarik Suraksha Sanhita BNSS , and Bharatiya Sakshya Adhiniyam BSA . The…
Zomato, a leading food delivery and quick commerce company, has received a ₹9.5 crore tax demand notice from the Karnataka commercial tax authority, including interest and…
In June 2024, India’s gross GST collection reached ₹1.74 trillion, marking a 7.7% year-on-year growth, according to Business Standard. This growth rate is lower than the 12.4% and…
The Finance Ministry is considering increasing the standard deduction limit under the new tax regime, as reported by CNBC Awaaz. This potential change could be part of Finance…
The Kolkata ITAT ruled that delayed deposit of employees’ PF contributions renders the deduction under Section 36 1 va of the Income Tax Act ineligible. Section 36 1 va requires…
In the first half of 2024, mergers and acquisitions M&A deal value declined by 9% to $38 billion, compared to $41.74 billion in the same period of 2023, marking the lowest level…
In a recent case, the Delhi State Consumer Commission ruled on whether a person of sound mind, but unable to read and understand a document, could be bound by its terms. The…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT in Kolkata ruled that a taxpayer must pay 7.5% interest on the deposited service tax demand. Despite the taxpayer…
In a recent case, the Delhi State Consumer Commission ruled on whether a person of sound mind, but unable to read and understand a document, could be bound by its terms. The…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT in Kolkata ruled that a taxpayer must pay 7.5% interest on the deposited service tax demand. Despite the taxpayer…
The Delhi Bench of the Income Tax Appellate Tribunal ITAT ruled that cooperative banks are considered cooperative societies engaged in banking business, making them eligible for…
The Gujarat High Court has ruled that failure to file claims during insolvency proceedings under sections 31 and 32A of the Insolvency and Bankruptcy Code IBC results in abatement…
In June 2024, India’s gross GST collection reached ₹1.74 trillion, marking a 7.7% year-on-year growth, according to Business Standard. This growth rate is lower than the 12.4% and…
Zomato, a leading food delivery and quick commerce company, has received a ₹9.5 crore tax demand notice from the Karnataka commercial tax authority, including interest and…
On July 1, 2024, India implemented three new criminal laws: the Bharatiya Nyaya Sanhita BNS , Bharatiya Nagarik Suraksha Sanhita BNSS , and Bharatiya Sakshya Adhiniyam BSA . The…
HDFC Life Insurance has been issued a tax demand of Rs 1,495.17 crore by the Income Tax Department. This demand is related to reassessment proceedings for the assessment year…
The Patna High Court ruled on the use of secondary evidence in determining the age of a victim in a POCSO case. It held that the birth certificate is not the sole criterion for…
In a recent decision, the Karnataka High Court allowed a husband to initiate criminal proceedings against his wife for falsely accusing him under Section 498-A of the IPC. The…
SEBI has imposed a two-year market ban on 4W Wealth Management and its directors for illegally offering investment advisory services without registration. The ban follows an…
The Reserve Bank of India RBI has imposed a penalty of ₹29.60 lakh on HSBC Bank for non-compliance with regulations governing card operations. The penalty was levied after an…
The Maharashtra Real Estate Regulatory Authority MahaRERA has directed Marvel Realtors & Developers to apply for an extension to complete the Marvel Aquanas project and hand over…
The Kolkata ITAT ruled that delayed deposit of employees’ PF contributions renders the deduction under Section 36 1 va of the Income Tax Act ineligible. Section 36 1 va requires…
The Equalisation Levy 2020, impacting digital transactions, has been extended in both India and the USA until June 30, 2024. This extension continues the transitional approach…
In the first half of 2024, mergers and acquisitions M&A deal value declined by 9% to $38 billion, compared to $41.74 billion in the same period of 2023, marking the lowest level…
The Finance Ministry is considering increasing the standard deduction limit under the new tax regime, as reported by CNBC Awaaz. This potential change could be part of Finance…
Global brokerage firm Morgan Stanley forecasts significant growth for Reliance Industries RIL , led by Mukesh Ambani, predicting a potential market capitalisation increase of…
HDFC Life Insurance has been issued a tax demand of Rs 1,495.17 crore by the Income Tax Department. This demand is related to reassessment proceedings for the assessment year…
The Maharashtra Real Estate Regulatory Authority MahaRERA has directed Marvel Realtors & Developers to apply for an extension to complete the Marvel Aquanas project and hand over…
The Reserve Bank of India RBI has imposed a penalty of ₹29.60 lakh on HSBC Bank for non-compliance with regulations governing card operations. The penalty was levied after an…
The Reserve Bank of India RBI has set the interest rate for its Floating Rate Savings Bonds 2020 Taxable at 8.05% for the period from July 1, 2024, to December 31, 2024. The rate…
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