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The Bombay High Court directed Bank of Baroda to refund Rs. 76,90,017 to Pharma Search Ayurveda Private Ltd and its director after a cyber fraud incident involving unauthorized…
The Madras High Court remanded the matter for reconsideration concerning a 10% pre-deposit, noting that the petitioner was not afforded a hearing before the GST assessment order…
SEBI has banned Pradeep Pandya, former CNBC Awaaz anchor, and seven entities for five years due to fraudulent trading practices and breaches of ethical standards. Pandya shared…
Mutual funds are gearing up for a surge in new fund offerings NFOs following the conclusion of elections, stable equity prices, and reduced volatility. Since June 4, when election…
Alternative dispute resolution ADR methods like arbitration, mediation, and negotiation are increasingly popular due to their flexibility, cost-effectiveness, and efficiency.…
The Karnataka High Court has stayed the arrest of BJP leader and former Chief Minister BS Yediyurappa in connection with a case under the POCSO Act. Justice S Krishna Dixit…
The Supreme Court declined to intervene in the Madhya Pradesh High Court's decision directing the CBI to reinvestigate 169 nursing colleges accused of fraudulent operations. \r…
The Allahabad High Court acquitted Mofeed, a 71-year-old man, in a murder case dating back to 1981, alongside three others who had died during the appeal process. \r Justices…
Axis Bank is expanding its branch network to bolster deposits, with 125 branches added in the last quarter of FY23-24, bringing the total to 475 for the year. Following the…
The Supreme Court upheld the Delhi High Court's decision to allow the demolition of a Shiva Temple situated on the Yamuna floodplains in the case of Pracheen Shiv Mandir Avam…
Jana Small Finance Bank SFB plans to apply for a universal bank licence in 2025, aiming to simplify consumer understanding and enhance deposit mobilisation. The RBI's April 2024…
During FY 2023-24, the banking sector in India recorded robust profitability of ₹3.2 lakh crore, marking a nearly 14% YoY increase. \r PSU banks saw an 8% YoY profit growth, while…
The Bombay High Court directed Bank of Baroda to refund Rs. 76,90,017 to Pharma Search Ayurveda Private Ltd and its director after a cyber fraud incident involving unauthorized…
Axis Bank is expanding its branch network to bolster deposits, with 125 branches added in the last quarter of FY23-24, bringing the total to 475 for the year. Following the…
The Madhya Pradesh High Court ordered the removal of ineligible candidates from the Civil Judge Entry Level exams under the Amended Recruitment Rules upheld by the High Court and…
N. Chandrababu Naidu, the Chief Minister of Andhra Pradesh, retains portfolios including GAD and Law and Order. Deputy CM Pawan Kalyan oversees Panchayati Raj, Environment,…
Hammurabi & Solomon Partners has expanded significantly with the addition of four new Partners: Ashutosh Das, specializing in liquor laws and with extensive experience in major…
Public Eye and IBFAN are urging Switzerland's SECO to take legal action against Nestlé for unethical promotion of high-sugar baby food products in low- and middle-income…
Gurmeet Ram Rahim Singh, the Dera Sacha Sauda chief and convicted of rape, has petitioned the Punjab and Haryana High Court for a 21-day furlough. \r Previously restricted by a…
The Department of Personnel and Training DoPT announced that three new criminal laws will take effect on July 1, 2024. It has advised ministries and departments to integrate these…
The Madras High Court dismissed Vision Holidays' writ petition challenging the CESTAT's decision due to a delay of 2727 days in filing the appeal, citing inadequate medical…
The GST Council is convening on June 22, 2024, after an eight-and-a-half-month hiatus to address significant issues in India's GST regime. Key agenda items include rationalizing…
The Madras High Court remanded the matter for reconsideration concerning a 10% pre-deposit, noting that the petitioner was not afforded a hearing before the GST assessment order…
Legal experts foresee uninterrupted progress in GST reforms despite the coalition government. However, issues like rate rationalisation may be sidelined while scrutiny over tax…
The Bombay High Court granted interim bail to Mahesh Devchand Gala, criticizing routine arrests based solely on allegations under GST. Gala was detained overnight by CGST despite…
Jefferies highlighted that including natural gas under GST could benefit companies like Gujarat Gas Ltd, GAIL India Ltd, and Petronet LNG Ltd. \r The move could potentially reduce…
The Delhi High Court upheld ITAT's decision allowing provisions for unsettled outstanding and 'Incurred But Not Reported' IBNR claims for a health insurance company as deductible…
The Delhi High Court directed to seek instructions on the dismissal of a revision application under Section 264 of the Income Tax Act, 1961. The challenge pertains to an order…
The Kerala High Court dismissed Muhammed. C.K.'s review petition, ruling that there were no grounds to invoke review jurisdiction. \r Muhammed had filed the petition based on…
Following the new Cabinet's swearing-in, sources reveal that the Central Government plans to decriminalise minor income tax offences within the next 100 days. \r A senior official…
The Delhi bench of the Income Tax Appellate Tribunal ITAT upheld the use of the project completion method for determining profit eligible under Section 80IB 10 of the Income Tax…
The Telangana High Court, with Justice Moushumi Bhattacharya and Justice Nagesh Bheemapaka, ruled that disputes over share ownership are under the jurisdiction of Civil Courts,…
The Bangalore bench of the Income Tax Appellate Tribunal ITAT ruled that interest and dividend income from investments with a cooperative society qualify for deduction under…
Given the conflicting views of two Kerala High Court Single Benches on whether the Income Tax Department can seek interim custody of seized currency notes from the Magistrate,…
The Delhi High Court quashed a show cause notice for penalty proceedings under Section 270A of the Income Tax Act due to vagueness and lack of specific charges of "misreporting"…
The Delhi ITAT ruled that income received by a non-resident Thailand-based company for services to Indian associates is "fees for technical service" FTS but cannot be taxed in…
The Delhi ITAT ruled the assessments completed under Section 153A r/w Section 143 3 void due to the lack of mandatory approval under Section 153D. Section 153D requires Joint…
The Delhi High Court quashed a reassessment notice issued to an Assessee based on a search operation conducted on a third party, ruling it barred by limitation under the first…
The NCLT Kolkata bench, comprising D. Arvind Technical Member and Bidisha Banerjee Judicial Member , ruled that breach of a settlement agreement between M/s. Simplex…
The National Company Law Appellate Tribunal NCLAT ruled that under the Insolvency and Bankruptcy Code IBC , the National Company Law Tribunal NCLT should not exceed its…
The Mumbai Bench of the National Company Law Tribunal NCLT clarified that under Section 43 of the Insolvency and Bankruptcy Code, 2016 IBC , fraudulent intent is not necessary to…
LIC clarified that it currently has no plans to enter the health insurance market through acquisition, contrary to recent reports. \r The state-owned insurer emphasized that while…
Dr. Dhruv Janssen-Sanghavi has launched his own firm, Janssen-Sanghavi & Associates - International Tax Counsel, with offices in Amsterdam and Mumbai. This move follows his role…
Delhi's Additional Sessions Judge Mukesh Kumar adjourned Chief Minister Arvind Kejriwal's bail plea in a money laundering case to June 19, following a request by the Enforcement…
The Directorate of Enforcement ED , Jaipur Zonal Office arrested Padamchand Jain on 13.06.2024 under the Prevention of Money Laundering Act PMLA , 2002, related to the Jal Jeevan…
The Directorate of Enforcement ED , Lucknow Zonal office has provisionally attached 121-acre land and buildings of Glocal University Saharanpur, valued at Rs. 4,440 Crore, owned…
The Directorate of Enforcement ED , Hyderabad Zonal Office conducted search operations in Hyderabad, Kurnool, and Ghaziabad as part of a money laundering probe against M/s…
The Directorate of Enforcement ED , Kochi Zonal Office conducted searches on 11/06/2024 at 14 locations in Kerala, Maharashtra, and Chattisgarh under PMLA provisions, targeting…
The Enforcement Directorate ED arrested Padamchand Jain, proprietor of Shree Shyam Tubewell Company, in Jaipur under the Prevention of Money Laundering Act PMLA related to alleged…
Jatin Ram Manjhi, India's newly appointed MSME Minister, encourages aspiring entrepreneurs to register on the Udyam portal for free to kickstart their businesses. Emphasizing…
The Bombay High Court directed Bank of Baroda to refund Rs. 76,90,017 to Pharma Search Ayurveda Private Ltd and its director after a cyber fraud incident involving unauthorized…
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