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Supreme Court upheld service tax demand of ₹8.59 crore on Airports Authority of India. The article details judicial reasoning, implications for public sector entities, and…
CBDT extended filing deadline for tax audit reports for AY 2025-26 to 31st October 2025. The article details procedural guidance, rationale for extension, and compliance…
Delhi High Court invalidated NHAI’s requirement of CLAT PG score for legal recruitment, holding it illegal. The article discusses judicial reasoning, statutory recruitment norms,…
The ITAT ruled that advance income from AMC contracts is not fully taxable on invoicing. HP India received proportionate TDS credit, reaffirming consistency in accounting methods.…
Invoice-wise reporting in Form GSTR-7 is now live on the GST portal from September 2025. The feature improves compliance, reporting accuracy, and transparency for taxpayers,…
Finance Minister Nirmala Sitharaman highlighted India’s economic resilience amid global challenges, citing effective fiscal policies, reforms, and initiatives that maintain…
Prime Minister Modi stated that GST reforms will continue, aiming to reduce the tax burden on citizens and strengthen the economy. The remarks underscore government commitment to…
A weekly roundup of funding and acquisitions in Indian startups during Sep 22–27 highlighted significant investments across fintech, edtech, healthtech, and other sectors. The…
The Supreme Court rejected Apollo Tyres’ plea to re-open a case concerning weighted deduction under Section 352AB. The article explains the legal reasoning for denial, focusing on…
The article provides a detailed step-by-step guide for taxpayers on filing second appeals through the GSTAT e-filing portal. It explains registration procedures, required…
GSTN issued an advisory urging taxpayers to file pending returns before the three-year statute of limitation expires. The article outlines filing procedures, penalty implications,…
The ITAT deleted an addition under Section 68 concerning accommodation entry share sales, finding the actual profit was only INR 5 lakh. The decision highlights the necessity of…
NCLAT rejected an appeal seeking condonation of a 17-day delay, exceeding the 15-day limit under Section 612 of the IBC. The judgment underscores the importance of strict…
The ITAT directed the Assessing Officer to grant TDS credit of INR 9.04 crore, finding no mismatch with Form 26AS. The ruling clarifies the correct procedure for allocating tax…
The RBI notified a standardized procedure for settlement of claims of deceased bank customers. The process provides clarity, reduces delays, ensures timely disbursement to…
GST rate cuts boosted online shopping during the 2025 festive season, increasing consumer spending and e-commerce activity. The reductions stimulated market growth, incentivized…
The Supreme Court granted relief to LG Electronics, ruling that customs duty exemption eligibility under India-Korea CEPA is not solely dependent on tariff classification. The…
ITAT provided relief to Maxxis Rubber by rejecting PCIT’s interpretation regarding depreciation on machinery. The article explains the legal reasoning, precedent reliance, and its…
Handpickd secured $15 million from Bertelsmann India Investments and Titan Capital Winners Fund, aiming to optimize its fruits and vegetables supply chain. The article explains…
The Supreme Court upheld the Allahabad High Court ruling that resale of used, refined mobil oil after cleaning is not subject to trade tax as it does not constitute a manufactured…
The article explains the Google Tax and equalization levy on digital transactions in India, detailing its applicability to foreign digital service providers. It highlights the…
National Fertilizers Ltd received a GST demand for alleged wrongful ITC refunds. The case underscores the importance of compliance with GST provisions, accurate documentation, and…
Inc42 reported that new-age tech stocks collectively lost over $5 billion in market capitalization, with Mobikwik being the most affected. The decline is attributed to regulatory…
The Uttarakhand High Court criticized politically motivated transfers of government officials, emphasizing that administrative decisions should be merit-based and free from…
Simple Energy, an Indian electric vehicle startup, raised $10 million to expand its retail store network and service infrastructure. The article highlights the company’s strategy…
The article analyses upcoming IPOs and strategic moves of fintech firms PhonePe and Rapido. PhonePe is reportedly evaluating its public listing timing and valuation amidst…
Nothing announced a partnership with Optiemus Infracom to expand its manufacturing footprint in India. The collaboration focuses on domestic assembly and production, leveraging…
NCLAT reserved its order in the case between Meta and the Competition Commission of India CCI for further deliberation. The case involves alleged anti-competitive practices, and…
Indian startups, including PharmEasy and Curefoods, raised a total of $377 million in funding during the week. This demonstrates investor confidence in sectors such as healthcare,…
The Delhi High Court heard a defamation suit filed by former NCB officer Sameer Wankhede against Netflix over its documentary series “Bastards of Bollywood,” linked to the Aryan…
Wrogn, a celebrity-backed apparel brand, continues to report rising losses amid marketing expenditures and margin pressures. The article analyses revenue performance, cost…
CESTAT ruled that interest must be paid on provisional assessment amounts if not settled by due date. The article explains legal provisions, BHEL case specifics, and implications…
The article analyzes Purple Style Labs’ Draft Red Herring Prospectus DRHP , focusing on shareholding structure, promoter stakes, and key executives. It highlights institutional…
Zappfresh, a D2C fresh meat and seafood brand, raised ₹168 crore from anchor investors ahead of its IPO. The capital infusion aims to strengthen the balance sheet, scale supply…
The Karnataka High Court expressed inclination to lift the state’s ban on bike taxis, observing their importance in urban mobility. It stressed the need for regulatory frameworks…
GSTN introduced facility for GST payments via UPI and debit/credit cards in 26 states. The article details operational workflow, benefits for taxpayers, and digital payment…
The Telangana High Court stayed the state government’s order allowing enhanced ticket prices for Pawan Kalyan’s film “They Call Him OG.” The Court observed that arbitrary revision…
The article discusses short-term liquidity deficit in Indian banking system due to advance tax and GST outflows. It explains implications for banks, market rates, and cash…
Supreme Court upheld service tax demand of ₹8.59 crore on Airports Authority of India. The article details judicial reasoning, implications for public sector entities, and…
The IT Department opposed actor Vijay’s challenge to a ₹1.5 crore penalty in the Supreme Court. The article outlines penalty nature, legal arguments, and procedural posture. It…
The Rajasthan High Court dismissed a petition seeking registration of FIRs against Prime Minister Narendra Modi and Home Minister Amit Shah over the Citizenship Amendment Act. The…
The Karnataka High Court stayed the state’s blanket ban on bike taxis, directing the government to create a comprehensive policy for regulating such services. The Court…
The Delhi High Court heard a defamation suit filed by former NCB officer Sameer Wankhede against Netflix over its documentary series “Bastards of Bollywood,” linked to the Aryan…
The article reports on a farmer in Ayodhya receiving fraudulent GST and income-tax notices due to PAN misuse. It discusses investigation procedures, taxpayer protections, and…
Finance Minister Nirmala Sitharaman inaugurated the GST Appellate Tribunal to resolve tax disputes efficiently. The article explains tribunal structure, powers, and its role in…
CBDT extended filing deadline for tax audit reports for AY 2025-26 to 31st October 2025. The article details procedural guidance, rationale for extension, and compliance…
GSTAT released an advisory for taxpayers regarding filing second appeals on its new e-filing portal. The article explains registration, document submission, deadlines, and system…
The Kerala High Court issued directions for setting up special NDPS courts, forensic laboratories, and school protection groups to combat drug abuse. The Court expressed concern…
The Supreme Court held that states cannot impose discriminatory taxation measures against goods imported from other states, as it violates Article 301 of the Constitution ensuring…
The Supreme Court clarified that charges of cheating and criminal breach of trust cannot be simultaneously pursued if they arise from the same set of allegations. It emphasized…
Supreme Court upheld service tax demand of ₹8.59 crore on Airports Authority of India. The article details judicial reasoning, implications for public sector entities, and…
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