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Chennai-based workflow automation software provider Kissflow has undergone a restructuring, resulting in the layoff of approximately 45 employees across India, the US, and the UAE…
HAL responded to a news report alleging Sebi's investigation into insider trading involving Rajat Mishra by clarifying that, according to the information available to the company,…
The Delhi High Court rejected InterDigital Technology’s plea to access licensing agreements between Chinese mobile phone manufacturers and two SEP licensors, Ericsson and Orange…
The Madras High Court ordered a reconsideration of a tax matter concerning a 10% pre-deposit condition due to discrepancies between GSTR 3B and GSTR 2A. Crystal Granites, the…
The Delhi bench of the ITAT permitted deduction under Section 80 IA 4 iii of the Income Tax Act for interest income from industrial parks and SEZs. Candor Gurgaon One Realty…
The Mumbai ITAT ruled that non-compete fees received by Lyka Labs Ltd. are revenue receipts post-amendment from April 1, 2003. Initially treated as capital receipts, the CIT A…
The Madhya Pradesh High Court has halted final orders in an Income Tax Faceless Assessment case, slated for listing on July 1, 2024. Petitioner Mr. Sapan Usrethe argued that…
The Mumbai bench of the Income Tax Appellate Tribunal ITAT deleted the addition of Rs. 1.17 crore under Section 68 of the Income Tax Act, 1961. Assessee Arjun Manoj Purohit,…
The Mumbai bench of the Income Tax Appellate Tribunal ITAT ruled that transferees are entitled to claim Tax Deducted at Source TDS credit, even if certificates are in the name of…
The Delhi High Court restrained the Income Tax Department from proceeding with actions under Section 148A d of the Income Tax Act, 1961, following a recent ruling. Respondent…
The Mumbai ITAT directed the Assessing Officer to assess interest income under "Income from Business," affirming its assessability as business income. Kamlakant Chhotalal…
The Delhi High Court will revisit the issue of Income Tax-TDS on External Development Charges EDC and interest payments to Haryana Urban Development Authority HUDA /Director of…
The income tax department aims to complete reassessments of 170,000 notices issued between March 2021 and March 2024 for undisclosed income by March 2025. Around 600,000 cases…
The Mumbai Bench of Income Tax Appellate Tribunal ITAT ruled that deductions under Section 80G of the Income Tax Act, 1961 are permissible for corporate social responsibility CSR…
The NCLT Court V, New Delhi, ruled that the Committee of Creditors CoC holds authority to decide on liquidation under the Insolvency and Bankruptcy Code, 2016, even before…
The NCLAT, citing Mobilox Innovations Pvt Ltd vs. Kirusa Software Pvt Ltd and Raj Ratan Babulal Agarwal vs. Solar Tech's India Pvt Ltd, emphasized that the adjudicating authority…
The NCLT, New Delhi bench, led by Mahendra Khandelwal and Dr Sanjeev Ranjan, initiated insolvency proceedings against Revital Reality Private Limited due to defaulting on payments…
The Madras High Court, under Justice N. Seshasayee, ruled against applying the Clean Slate Theory to undisclosed creditors, safeguarding them from deliberate non-disclosure or…
The National Company Law Tribunal NCLT in Allahabad has ordered the commencement of insolvency proceedings against Himalayan Mineral Water Private Limited following a plea by…
The NCLAT directed ICICI Bank to consider Jaiprakash Associates Ltd's JAL one-time settlement proposal amid the dispute over insolvency proceedings. JAL's offer, challenged by…
The Insurance Regulatory and Development Authority of India Irdai mandated general insurance companies not to reject claims for lack of documents. Insurers must collect necessary…
The State Consumer Disputes Redressal Commission, Uttarakhand, ruled against a complaint filed against New India Assurance Co. and SBI, stating automatic premium deduction by the…
The Insurance Regulatory and Development Authority of India IRDAI has implemented transformative changes in general insurance policies, enhancing customer convenience and…
The H. P. State Consumer Disputes Redressal Commission, Shimla, held Oriental Insurance Company liable for denying a legitimate claim on the basis of leased property ownership.…
The National Consumer Disputes Redressal Commission, under Justice A.P. Sahi, ruled on a complaint against PNB Metlife Insurance for terminating a Unit Linked Insurance Policy…
The Directorate of Enforcement ED , Delhi Zonal Office, has attached properties worth Rs. 94.18 Crore belonging to Shree Raj Mahal Jewellers Pvt Ltd SRMJPL and Rs. 13.43 Crore…
UP-RERA issued a directive mandating promoters to use a standardized format for Offer of Possession letters, prohibiting additional conditions beyond the Agreement for Sale terms.…
The Delhi bench of the Income Tax Appellate Tribunal ITAT annulled the addition of Rs. 89 lakhs under Section 69 of the Income Tax Act, 1961, as the source of cash seized by the…
The India International Arbitration Centre IIAC has released the IIAC Conduct of Micro and Small Enterprises Arbitration Regulations, 2024, effective from June 7. These…
SBI, the country’s largest lender, has announced that small business lending will be the primary focus for growth and profit over the next five years. The bank launched "SME…
Under the NDA government led by Prime Minister Narendra Modi, Jitan Ram Manjhi, former Bihar CM and leader of Hindustani Awam Morcha, has been appointed as the new MSME minister.…
India’s largest public sector bank, SBI, is enhancing its MSME loan offerings with the launch of 'SME Digital Business Loans,' enabling loan sanctions within 45 minutes. The…
Union Minister for Petroleum & Natural Gas Hardeep Singh Puri announced that the privatisation plans for Bharat Petroleum Corporation Ltd BPCL have been shelved. Puri stated that…
UPI customers are facing digital payment disruptions affecting services like Google Pay, PhonePe, and BHIM. RBI Governor Shaktikanta Das clarified that these issues stem from…
The Reserve Bank of India RBI has extended its Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, for The Vaishali Shahari Vikas Co-operative…
Attention AD Category – I banks: Refer to FED Circular No. 08 November 17, 2023 and A.P. DIR Series Circular No. 10 July 11, 2022 on International Trade Settlement in INR. Banks…
The Finance Industry Development Council FIDC , representing NBFCs, urged the RBI to review its proposal of increasing provisions for infrastructure project loans. The RBI's plan…
NBFCs, through the FIDC, have submitted feedback to the RBI regarding proposed project financing rules. FIDC, chaired by Umesh Revankar of Shriram Finance, suggests reverting the…
Man Infraconstruction Limited MICL has acquired a prime redevelopment project at Bandra Kurla Complex, Mumbai, involving the Artek Co-operative Housing Society Limited. Spanning…
The Haryana Real Estate Regulatory Authority Authority found the buyer's agreement terms heavily biased in favor of the builder for the Gurgaon Greens project. Despite objections,…
Justice Anand Venkatesh of the Madras High Court emphasized that even if the suo motu revisions against Ministers' discharge/acquittal in corruption cases are dropped, it should…
The Supreme Court dismissed petitions challenging alleged discrepancies in NEET-PG 2022, citing their irrelevance due to time elapsed. Advocate Avani Bansal argued for petitioners…
The Delhi High Court upheld the refusal of patent registration for the "Portable Vehicle Management System," deeming its claimed features not meeting the inventive step…
Sebi, in collaboration with NISM, has initiated a free investor certification program, as per a circular dated June 11. This voluntary certification aims to evaluate investors'…
Sebi fined former CNBC Awaaz anchor Pradeep Pandya and Alpesh Vasanji Furiya Rs 1 crore each, along with six others fined Rs 10 lakh each, for front-running and…
SEBI has approved Ola Electric's ₹5,500 crore IPO, primarily focusing on its primary component, with listing expected within a month. The IPO, proposed back in December 2023,…
Canara Robeco Asset Management Company settled alleged MF regulation violations with Sebi, paying over Rs 84.82 lakh. Sebi initiated adjudication proceedings against the AMC for…
Senior officials from India's Commerce and Industry Ministry, Walmart's Flipkart, and domestic toy manufacturers will convene to discuss strategies for enhancing sourcing and…
Battery Smart, an Indian firm focusing on electric vehicle EV charging infrastructure, raised a total of $45 million, with Rs 376 crore in primary funding and the remainder in…
Tata Steel expressed concerns over British media reports suggesting that the £1.25 billion investment in the Port Talbot plant might be jeopardized due to policy differences amid…
Chennai-based workflow automation software provider Kissflow has undergone a restructuring, resulting in the layoff of approximately 45 employees across India, the US, and the UAE…
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