Sorted by Latest
Gurugram-based LogicLadder, a climate-tech SaaS startup, has secured $2.5 million in funding led by BIG Capital and Rainmatter, the latter backed by Zerodha. Founded in 2011,…
The Kolkata bench of the ITAT ruled that once the assessee establishes the identity and creditworthiness of share subscribers, the burden shifts to the AO to scrutinize evidence…
The National Consumer Disputes Redressal Commission, presided by Mr. Subhash Chandra and Dr. Sadhna Shanker, ruled that an arbitration clause in a builder-buyer agreement cannot…
The proposed Central Excise Bill, 2024, intends to eliminate the exemption of excisable goods produced in Special Economic Zones SEZs from duty, subject to separate notification…
The Lok Sabha Election 2024 result, announced by the Election Commission of India on June 4, revealed the BJP-led NDA falling short of its '400 paar' target. Trends indicated a…
The Kerala High Court's ruling in Faizal Traders Pvt Ltd vs Deputy Commissioner centers on the denial of a GST input tax credit ITC claim and related penalties. Faizal Traders…
The ACB special court denied bail to the Deputy State Tax Officer implicated in a GST fraud case involving Rs. 2.8 lakhs. \r Allegedly, the officer, along with another, unlawfully…
The Calcutta High Court emphasized that overlooking GSTR-9 by revenue authorities prejudices taxpayers' rights when errors are revenue-neutral. The appellant, in communications,…
The New Delhi bench of the Income Tax Appellate Tribunal ITAT annulled the penalty order under section 271C of the Income Tax Act, 1961, noting that payments for 'transactional…
In the 1992 kidnapping case of Kamla v State of Rajasthan, the Rajasthan High Court reduced the appellant's sentence, citing a 30-year delay in deciding her appeal. Justice Manoj…
The Calcutta High Court nullified a GST Assessment Order under the West Bengal GST Act, noting the utilisation of IGST credit for CGST and SGST payments, which then flowed to West…
India's startup ecosystem anticipates support from the newly elected Modi Government 3.0, urging for policies favoring funding boosts and the repeal of the angel tax. \r The BJP…
Testsigma, a test automation startup, raised $8.2 million in funding led by MassMutual Ventures, with participation from existing investors Accel, Strive, and BoldCap. Utilizing…
The Jammu and Kashmir and Ladakh High Court, led by Justice Rajesh Sekhri, emphasized that compassionate appointments aren't automatic upon an employee's death. Financial…
India's central bank is anticipated to maintain its current interest rates and tight monetary policy stance during its policy review, reflecting robust economic growth and…
As the RBI's MPC gears up for its monetary policy announcement on June 7 amid uncertainties surrounding the new government, CNBC-TV18's Citizens Monetary Committee discussed…
The Bangalore bench of the Customs Excise and Service Tax Appellate Tribunal CESTAT has reversed the penalty imposed under Section 117 of the Customs Act, 1962, citing no import…
In Chhaya & Anr. v. Public at Large & Ors., the Madhya Pradesh High Court, led by Justice Anil Verma, disapproved of the Indian Army's "somewhat rude" behavior towards the…
Many banks offer special fixed deposit schemes with higher interest rates, available for a limited time. IDBI Bank's Utsav FDs offer rates up to 7.7% for seniors, with a deadline…
The Reserve Bank of India's Monetary Policy Committee MPC is expected to maintain the repo rate at 6.5 percent during its meeting from June 5 to 7, 2024. Market analysts…
CLSA has significantly revamped its portfolio of 'Modi stocks' following the NDA coalition's weaker-than-expected mandate. Initially, 54 companies, including PSUs, were identified…
Defence Minister Rajnath Singh announced that India's defence exports reached a record ₹21,083 crore in FY 2023-24, marking a 32.5% growth from the previous year. Singh attributed…
The MSME Ministry's Udyam registration portal, launched in July 2020, has surpassed 4.5 crore registrations, with 98.1% being micro units, followed by small and medium…
Vistaar Finance, an MSME lending firm, secured a $25 million funding from the US International Development Finance Corporation DFC , part of a larger $50 million loan. This comes…
In West Coast Paper Mills Ltd. vs Bijay Murmuria & Ors., the NCLAT, Principal Bench, New Delhi, comprising Justice Rakesh Kumar Jain and Technical Members Naresh Salecha and…
Many banks offer special fixed deposit schemes with higher interest rates, available for a limited time. IDBI Bank's Utsav FDs offer rates up to 7.7% for seniors, with a deadline…
The Goods and Services Tax GST collections for May totaled Rs 1.73 lakh crore, marking a 10% year-on-year growth, driven by increased domestic transactions and reduced imports, as…
CBIC has instructed that recovery of GST dues should typically occur within 3 months of serving the demand order, with exceptions allowed for urgent revenue interests. \r The…
The Delhi High Court ruled in the case of Chehak Fashions vs. Commissioner, highlighting procedural flaws in the Show Cause Notice SCN and subsequent cancellation of GST…
The Calcutta High Court nullified a GST Assessment Order under the West Bengal GST Act, noting the utilisation of IGST credit for CGST and SGST payments, which then flowed to West…
The Ahmedabad bench of the Income Tax Appellate Tribunal upheld the penalty under Section 271FA for the Waghodia Urban Co-op. Bank Limited's failure to file the Statement of…
The Ahmedabad bench of the Income Tax Appellate Tribunal ITAT revoked the penalty under Section 271 1 c of the Income Tax Act, 1961, as there was no concealment of income. \r The…
The New Delhi bench of the Income Tax Appellate Tribunal ITAT annulled the penalty order under section 271C of the Income Tax Act, 1961, noting that payments for 'transactional…
The Kolkata bench of the ITAT ruled that once the assessee establishes the identity and creditworthiness of share subscribers, the burden shifts to the AO to scrutinize evidence…
The Kolkata ITAT upheld the addition under Section 68 of the Income Tax Act, as the assessee failed to substantiate credit entries. Mangalvani Commercial Pvt. Ltd received…
The Bangalore ITAT quashed reassessment proceedings, ruling that the Income Tax Department couldn't rectify a notice issued under Section 148 of the Income Tax Act against a…
The Bangalore ITAT ruled that payments received by Globe Teleservices Ltd., a non-resident company from M/s. Vodafone South Ltd., couldn't be taxed as royalty in India under…
Following the BJP's reduced mandate in the 2024 elections, pending bills and proposed legislations might face reconsideration as the party now relies more on allies like the TDP…
Reliance Industries completed the registration of sub-lease deeds for 3,750 acres of land for ₹13,400 crore, as part of its agreement with Navi Mumbai IIA. The land, governed by…
The Nifty50 Index's valuation has fallen below its five-year average following a significant market decline, marking the largest drop in four years. Closing at 21,884.50 points,…
On June 4, Indian benchmark indices, Sensex and Nifty, plummeted over 5%, with Sensex down 4,389.73 points to 72,079.05 and Nifty down 1,379.40 points to 21,884.50. Market losses…
Amidst surprising election results with no clear majority, senior executives in the startup industry emphasized the need for continued government support and policy stability.…
SEBI has adjusted regulatory requirements for launching options contracts on agricultural and agri-processed commodities, effective June 1, 2024. \r The average daily turnover…
Sebi introduced its latest mobile app, 'Saa ₹thi 2.0', to assist investors in managing personal finances. The app offers financial calculators for informed decisions, educational…
SEBI has included two new agencies for registering social-impact assessors: the ICMAI Social Auditors Organization and the ICSI Institute of Social Auditors. \r These agencies,…
Sebi's western regional office issued warning letters to Navin Sarwar of Udaipur and Pradipkumar Dhobi of Vadodara for providing investment advisory services without registration.…
Sebi is reviewing the ownership structure of clearing corporations to ensure independence and effective risk management. A committee chaired by Usha Thorat, former RBI deputy…
The National Consumer Disputes Redressal Commission, presided by Mr. Subhash Chandra and Dr. Sadhna Shanker, ruled that an arbitration clause in a builder-buyer agreement cannot…
Public sector enterprises PSEs and Adani Group stocks plummeted on Tuesday as election trends hinted at the BJP's struggle to secure a majority. The Nifty PSE Index tumbled by…
Iata director general Willie Walsh expressed concerns over India's tax system, warning that its complexities could lead to global airlines withdrawing from the market. \r Recent…
Gurugram-based LogicLadder, a climate-tech SaaS startup, has secured $2.5 million in funding led by BIG Capital and Rainmatter, the latter backed by Zerodha. Founded in 2011,…
Showing 50 of 42930 updates