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The Reserve Bank of India RBI was honored with the Risk Manager of the Year Award 2024 by Central Banking, London, for implementing a new enterprise-wide risk management ERM…
The Supreme Court, in a recent ruling on stamp duty refund under the Maharashtra Stamp Act, 1958, emphasized that refund cannot be denied solely because the application was filed…
Over two months into implementing the UT Excise Policy for FY 2024-25, Chandigarh's excise and taxation department has yet to establish the track and trace system aimed at curbing…
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…
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…
The Sikkim High Court has asserted its revisionary authority under Section 397 of the Code of Criminal Procedure Cr.PC to rectify sentencing errors by Trial Courts. \r In a case…
A businessman asked if import purchases should be included in GST returns. Yes, imports are subject to IGST, and details must be reported in GSTR-2 form's Column 5. Importers can…
CII President Sanjiv Puri has suggested income tax relief for the lowest slab in the upcoming 2024-25 Budget to address high inflation. In a PTI interview, he emphasized creating…
The High Court of Meghalaya affirmed that claims for additional increments in service matters do not constitute continuing grounds. In an appeal by Assistant and Associate…
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 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 National Consumer Disputes Redressal Commission, chaired by Mr. Subhash Chandra, dismissed a complaint against Oriental Insurance, emphasizing proper procedures in policy…
The Kerala High Court halted recovery steps after the Deputy Commissioner issued a demand notice following an assessment order under the Kerala General Sales Tax Act, 1963. The…
Central banks in advanced economies are showing reluctance to join a global interest-rate cutting trend this week. Following the Federal Reserve's tempered outlook on US monetary…
In a recent development, the Kerala High Court has directed the Central government to consider appointing advocate Rajesh M Menon as the Special Public Prosecutor in the Walayar…
The National Company Law Tribunal NCLT has initiated insolvency proceedings against Supertech Realtors, developer of the Supernova project in Noida, following a default of Rs…
The National Consumer Disputes Redressal Commission, chaired by Dr. Sadhna Shekhar, dismissed an appeal against United India Insurance, ruling that the insurer bears no liability…
Last week, five of India's top-10 firms saw a combined increase of Rs 85,582.21 crore in market capitalisation, buoyed by positive equity trends. LIC led the gains with its…
IRDAI has upheld proposals for higher Special Surrender Values SSV for endowment policies despite insurers' concerns, as reported by Moneycontrol. SSVs are payouts for premature…
The National Consumer Disputes Redressal Commission, chaired by Dr. Sadhna Shekhar, dismissed an appeal against United India Insurance, ruling that the insurer bears no liability…
The National Company Law Tribunal NCLT has initiated insolvency proceedings against Supertech Realtors, developer of the Supernova project in Noida, following a default of Rs…
The Calcutta ITAT ruled in favor of the Income Tax Bar Association, allowing an exemption under Section 80G 5 iv of the Income Tax Act, 1961. The association, established in 1924…
The Delhi ITAT quashed reassessment proceedings against Chaudhary Stone Crusher, a firm using a partner’s property as its address, which was sold before the notice under Section…
The Kerala High Court remanded an order due to a violation of natural justice, as notices under Section 250 of the Income Tax Act, 1961 were sent to the wrong email ID. The…
The Kerala High Court stayed income tax recovery proceedings during the pendency of an appeal, citing sufficient reasons in the delay condonation application by the petitioner, an…
CII President Sanjiv Puri has suggested income tax relief for the lowest slab in the upcoming 2024-25 Budget to address high inflation. In a PTI interview, he emphasized creating…
The Madras High Court remanded a GST order for reconsideration due to Yesem Marketing's non-response to a Show Cause Notice SCN concerning discrepancies between GSTR 1 and GSTR 3B…
A businessman asked if import purchases should be included in GST returns. Yes, imports are subject to IGST, and details must be reported in GSTR-2 form's Column 5. Importers can…
The Kerala High Court set aside an order under Section 73 of the GST Act, directing a fresh hearing for M/s KPB Chits Limited. The petitioner, represented by Hrithwik D.…
Canadian pop star Justin Bieber has revamped his financial management team, parting ways with longtime business manager Lou Taylor and hiring renowned advisor Edward White, known…
Over two months into implementing the UT Excise Policy for FY 2024-25, Chandigarh's excise and taxation department has yet to establish the track and trace system aimed at curbing…
In a recent development, the Kerala High Court has directed the Central government to consider appointing advocate Rajesh M Menon as the Special Public Prosecutor in the Walayar…
Union Law Minister Arjun Ram Meghwal affirmed that the Central Government will implement new criminal laws, replacing the Indian Penal Code, Code of Criminal Procedure, and…
The District Consumer Disputes Redressal Forum DCDRC in Ernakulam, Kerala directed Kerala Matrimony to compensate a Cherthala native with ₹25,000, in addition to ₹3,000 for…
The High Court of Meghalaya affirmed that claims for additional increments in service matters do not constitute continuing grounds. In an appeal by Assistant and Associate…
The Kerala High Court ruled that Magistrates, when ordering maintenance for a daughter under Section 20 1 d of the Domestic Violence Act, must specify whether the maintenance…
The Supreme Court, in a recent ruling on stamp duty refund under the Maharashtra Stamp Act, 1958, emphasized that refund cannot be denied solely because the application was filed…
The Reserve Bank of India RBI was honored with the Risk Manager of the Year Award 2024 by Central Banking, London, for implementing a new enterprise-wide risk management ERM…
Previously, exiting a life insurance policy within the first year yielded minimal refunds. The IRDAI now mandates a higher Special Surrender Value SSV for traditional endowment…
The Delhi ITAT ruled that assessments under Section 153A of the Income Tax Act, 1961, without mandatory approval, are invalid. Emaar MGF Land Limited challenged the assessment,…
The Government of Goa redefined the jurisdiction of GST Appellate Authority Officers through an order on June 13, 2024, under Rule 109A of the Goa GST Rules, 2017, superseding the…
The Indian government has reduced the windfall tax on domestically produced crude oil from Rs 5,200 per tonne to Rs 3,250, effective from June 15, as per an official notification.…
In a significant ruling, the Telangana High Court affirmed the right of non-parties to file appeals under Sections 96-100 of the CPC if adversely affected by a trial court's…
The Kerala High Court upheld the conviction of a Muslim man under Section 498A IPC for subjecting his Hindu wife to dowry-related cruelty and harassment, despite the marriage…
The Central Government, via notification no. 42/2024-CUSTOMS N.T. dated 12th June 2024, has designated Vizhinjam International Seaport for import and export operations under…
The Kerala High Court ruled that police officials cannot face prosecution for acts performed in official duty without prior sanction under Section 197 CrPC. Justice P.G.…
The Kerala High Court ruled that criminal proceedings under Section 498A IPC against an Australia-based man required prior sanction from the Central Government to proceed in…
The Supreme Court ruled that a High Court lacking original civil jurisdiction cannot extend the time limit for passing an arbitral award under Section 29A of the Arbitration &…
The Reserve Bank of India RBI was honored with the Risk Manager of the Year Award 2024 by Central Banking, London, for implementing a new enterprise-wide risk management ERM…
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