News & Judgements

The Hyderabad bench of the Customs Excise and Service Tax Appellate Tribunal CESTAT deleted a penalty under section 112 of the Customs Act after the taxpayer, Kogatam Sadik Basha…

The Hyderabad bench of the Customs Excise and Service Tax Appellate Tribunal CESTAT ruled that a refund under Section 11B of the Central Excise Act is not applicable if the…

In a recent landmark judgment, a three-judge bench of the Supreme Court in Ravikumar Dhansukhlal Maheta v. High Court of Gujarat clarified that while promotion itself is not an…

European stocks rebounded on Monday after experiencing their worst week since October amid political upheaval in France. \r The European Stoxx 600 rose by 0.5% in London as of…

Nandan Denim has announced a subdivision of one equity share with a face value of Rs 10 each into ten equity shares with a face value of Rs 1 each. The purpose behind this move is…

The District Consumer Disputes Redressal Commission-VII, Southwest Delhi bench comprising Suresh Kumar Gupta President , Harshali Kaur Member , and Ramesh Chand Yadav Member held…

In a recent order, Justice Manish Pitale of the Bombay High Court referred to a larger Bench the question of whether Section 263 of the Indian Succession Act and its illustrations…

Former Chief Minister and BJP leader B.S. Yediyurappa appeared before the Criminal Investigation Department CID on Monday in connection with a POCSO case filed against him.…

A recent Supreme Court judgment has sparked debate on electoral transparency and the disclosure of assets by candidates in India. In the case of Karikho Kri vs. Nuney Tyang, the…

SuSea Inc, the company behind You.com, an AI-infused search engine, is in the final stages of raising $50 million in Series B funding to bolster its position in the AI assistant…

The Gujarat High Court has directed the State government to form a fact-finding committee to investigate the May 24 fire at a Rajkot gaming zone and the inaction of Rajkot…

Kotak Mahindra Bank KMB is strategizing its growth amidst recent regulatory challenges, focusing on expanding its brick-and-mortar presence with plans to open 170-200 branches in…

State Bank of India SBI , India's largest lender, has indicated that its marginal cost of funds-based lending rates MCLR may increase further by 10-15 basis points bps after a…

India's non-banking financial sector showed a robust growth of 10% in contrast to a global decline of 3%, as highlighted by a report from SBI. Non-banking financial institutions…

Last week, a viral voice clip and linked tweet exposed a senior executive at a state-run bank verbally abusing a junior officer, sparking protests at the bank branch. This…

In 2024, the Indian stock market has witnessed a significant expansion in the number of companies achieving a market capitalisation mcap of Rs 1 trillion or more, with 23 new…

The Reserve Bank of India RBI has significantly bolstered its public engagement by conducting 72 public consultations on regulatory and supervisory matters between 2021 and 2024,…

In response to reduced volumes in currency derivatives following new RBI regulations, at least three Mumbai-based brokerages have instructed their currency derivatives dealers to…

India and the United States are in advanced discussions regarding the joint manufacture of the latest generation Stryker armoured infantry combat vehicles ICVs , a move set to…

Neeraj Arora, former Chief Business Officer of WhatsApp and pivotal in negotiating its merger with Facebook, has resigned as Non-Executive Independent Director from the board of…

Zomato has confirmed discussions with Paytm regarding the potential acquisition of Paytm's movies and events businesses. In a filing to the stock exchange on June 16, Zomato…

The District Consumer Disputes Redressal Commission, Gurgaon Haryana , comprising Sanjeev Jindal President , Jyoti Siwach, and Khushwinder Kaur Members , held Apollo Munich Health…

The District Consumer Disputes Redressal Commission, Shimla Himachal Pradesh , comprising Dr. Baldev Singh President and Janam Devi Member , held Reliance General Insurance…

The Government of India is collaborating with financial institutions, including banks, to streamline the sanctioning process for financial services such as loans and insurance…

The Kolkata bench of the National Company Law Tribunal NCLT ruled that breaching a settlement agreement between an operational creditor and a corporate debtor does not constitute…

Finance and Corporate Affairs Minister Nirmala Sitharaman announced via social media that creditors have recovered ₹3.36 trillion from defaulting corporations under the Insolvency…

The RBI's draft prudential framework released on May 3, 2024, proposing stringent provisions for project loans has sparked widespread concern across various sectors. \r…

The Mumbai Bench of the National Company Law Tribunal NCLT ruled that an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, is not maintainable without valid…

The National Company Law Appellate Tribunal NCLAT has directed the Bengaluru bench of the National Company Law Tribunal NCLT to reconsider APL Apollo Tubes' insolvency plea…

The Delhi High Court has ruled that a clear finding of 'misreporting' or 'under-reporting' is essential for initiating penalty proceedings under section 270A of the Income Tax…

The National Democratic Alliance NDA government, led by Prime Minister Narendra Modi, is contemplating reducing income tax rates to stimulate consumption, Reuters reported, citing…

The Indian government is considering lowering personal tax rates for certain individuals to boost consumption in the economy, two sources told Reuters. This plan, possibly…

If you supplement your full-time salary with side hustles, accurately report all extra income in your income-tax return ITR . Freelancing, consulting, or part-time job earnings…

Delta Corp shares have risen by around 24% in two weeks, reaching ₹136 after bottoming out at ₹110. Experts attribute this increase to speculation of a GST cut, which could boost…

The Customs Excise and Service Tax Appellate Tribunal CESTAT ruled that emergency response services, including police and fire, are exempt from service tax. G V K Emergency…

The Delhi High Court directed the proper officer to expedite the GST refund processing under Section 54 of the CGST Act, 2017, due to delays. The petitioner seeks a refund of Rs.…

Chhattisgarh State Finance Minister OP Choudhary has urged businessmen to pay taxes honestly and on time. Despite extensive construction and procurement under DMF funds, GST…

Child custody battles in India are fraught with emotional turmoil, exacerbated by the absence of clear, uniform guidelines governing custody and visitation rights. Currently,…

The Hyderabad bench of the Customs Excise and Service Tax Appellate Tribunal CESTAT upheld the rejection of a cash refund for unutilized Cenvat credit on inputs, as there is no…

The Hyderabad bench of the Customs Excise and Service Tax Appellate Tribunal CESTAT ruled that the construction of residential complexes is classifiable under "Works Contract…

According to a report by State Bank of India SBI , public sector banks PSBs demonstrated higher efficiency than their private and foreign counterparts during the FY06-FY23 period.…

The State Consumer Disputes Redressal Commission, Maharashtra bench led by Dr. Satish A. Munde and V.C. Premchandani, overturned a District Commission ruling in favor of ICICI…