Sorted by Latest
Zerodha co-founder Nithin Kamath announced on social media that the brokerage may need to reconsider its zero brokerage model or increase F&O futures and options fees following a…
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…
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…
Life Insurance Corporation of India LIC ranked 4th among India's most valuable brands with a brand value of $9.8 billion, as per the Brand Finance India 100 2024 report. LIC…
ICICI Prudential Life Insurance has received a GST notice demanding Rs. 365 crore, including interest and penalty, for the fiscal years 2017-18 to 2022-23, alleging unpaid GST on…
The GST, introduced on July 1, 2017, streamlined India's tax system by subsuming many indirect central and state taxes. It eliminated tax cascading, promoted transparency through…
Delhi Chief Minister Arvind Kejriwal was sent to judicial custody until July 12 in a corruption case linked to the alleged excise scam. The court, citing his role as a "main…
The Puducherry government has taken steps to implement new criminal laws from July 1, said PWD and Law Minister K Lakshminarayanan. Training has been provided, and a manual…
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…
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 ITAT ruled in favor of Herbalife International India, stating that payments made by an Indian entity to its associated enterprise AE abroad are not considered Fees for…
The enactment of three new criminal laws in India, effective from July 1, has sparked significant changes and debates within the legal landscape. While some view the overhaul as…
Boeing is in talks with the U.S. Department of Justice to resolve potential charges related to two fatal 737 Max crashes, Bloomberg News reported. An announcement may come next…
The Ministry of Statistics and Programme Implementation MoSPI has established a 26-member Advisory Committee on National Accounts Statistics ACNAS to decide the base year for GDP…
Bharat Electronics Limited BEL signed a ₹3,172 crore contract with Armoured Vehicles Nigam AVNL on June 28, 2024, for the supply and installation of an advanced sighting and fire…
HealthCare Global Enterprises Limited HCG has announced the acquisition of Mahatma Gandhi Cancer Hospital & Research Institute MGCHRI in Vizag, Andhra Pradesh, for an enterprise…
The Income Tax Appellate Tribunal ITAT held that employers cannot claim the benefit of Section 36 1 va of the Income Tax Act if they fail to deposit employees' contributions to…
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…
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 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…
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…
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…
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 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 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…
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 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 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…
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…
Global brokerage firm Morgan Stanley forecasts significant growth for Reliance Industries RIL , led by Mukesh Ambani, predicting a potential market capitalisation increase of…
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…
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…
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 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 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 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…
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 Chennai Bench of the Income Tax Appellate Tribunal ITAT has ruled that a deduction under the Income Tax Act cannot be denied due to a wrong classification in the Income Tax…
SEBI has approved norms to regulate 'finfluencers'—influencers providing financial advice on social media platforms—to address concerns regarding market integrity and investor…
The Bihar State Consumer Disputes Redressal Commission ruled against New India Assurance Co. Ltd. for wrongfully repudiating a genuine death claim. The case involved the insurer…
Yatra Online Pvt. Ltd. challenged the imposition of service tax on convenience fees and cancellation charges collected from customers. The issue revolved around whether these…
The Telangana High Court dismissed a PIL questioning the Chief Minister's personal handling of his Twitter account for trivial posts. The Court deemed it preposterous to assume…
The Karnataka High Court ruled that an assessment order against a deceased person is void ab initio, emphasizing that such orders lack legal sanctity. The court reasoned that…
The government will automate exchange rate notifications for imports and exports starting July 4, 2024. Circular No. 07/2024, issued by the CBIC on June 25, 2024, outlines this…
The Calcutta High Court ruled that Rs. 32.42 crores received by ITC Ltd. for relinquishing its right to operate a hotel is a revenue receipt, not a capital receipt. This decision…
The Central Board of Indirect Taxes and Customs CBIC clarified the GST implications on ESOP/ESPP/RSU transactions between foreign holding companies and their Indian subsidiaries.…
A 31-year-old, Babar Khan, evading authorities for nine months, was arrested for a Rs 10,000-crore GST fraud involving fake firms using stolen IDs for tax credit claims. Noida…
Zerodha co-founder Nithin Kamath announced on social media that the brokerage may need to reconsider its zero brokerage model or increase F&O futures and options fees following a…
Showing 50 of 42930 updates