News & Judgements

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 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…

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…

CESTAT granted relief to Videocon D2H, clarifying that viewing cards constitute smart cards and not set-top box components, nullifying customs duty demand. The article explains…

Allahabad HC upheld a GST detention order, emphasizing that a driver’s initial statement carries higher evidentiary weight than later explanations or documents. The article…

CBIC directed authorities to monitor retail prices following GST rate cuts to ensure consumers benefit. The article explains monitoring mechanisms, compliance obligations, and…

Chhattisgarh HC validated employee experience certificate based on GST registration, overturning the Forest Dept’s objection over delayed company registration. The article…

SEBI directed listed companies and intermediaries to conduct accessibility audits of digital platforms under the RPwD Act. The article explains audit scope, regulatory rationale,…

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 Central Board of Direct Taxes CBDT extended the deadline for filing tax audit reports for the relevant assessment year. The article explains revised timelines, reasons for…

ITAT partially allowed a taxpayer’s appeal where tax authorities had disallowed all business expenses. The article details assessment issues, judicial reasoning, and proportional…

Supreme Court upheld Gujarat HC’s ruling that no new income-tax claims or reassessments are allowed once a corporate resolution plan is approved under IBC. The article discusses…

Finance Minister Nirmala Sitharaman inaugurated the GST Appellate Tribunal to resolve tax disputes efficiently. The article explains tribunal structure, powers, and its role in…

RBI mandated two-factor authentication 2FA for digital payments to enhance transaction security, with specified exemptions. The article details compliance requirements, technical…

DevX, a flexible workspace provider, saw a nearly 5% increase in valuation/stock to ₹56.50 after a series of losses. The article attributes the rebound to higher occupancy,…

The article discusses a pending Supreme Court matter regarding applicability of service tax on marketing of film songs by Sony Music. It covers legal arguments, prior tribunal…

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,…

ITAT condoned a delay in filing due to clerical errors in asset balances, restoring the matter to CITA for reassessment. The article explains procedural safeguards, taxpayer…

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…

Dibrugarh CGST Commissionerate issued an invitation for empanelment of cost accountants for conducting special GST audits. The article details eligibility criteria, scope of…

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…

Emergent, a startup providing AI-driven solutions for healthcare and enterprise sectors, raised $23 million in Series A funding led by Lightspeed Venture Partners. The article…

Ather Energy granted Rs 70 crore worth of ESOPs to employees and senior leadership, aiming to incentivize retention and align employee interests with company performance. The…

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…

Kiwis, a virtual credit card platform, raised Series B funding, valuing the company at $100 million. The article details investor participation, product differentiation, and…

RBI released new regulations for digital payment authentication, including mandatory two-factor authentication 2FA for all transactions with certain exemptions. The article…

BharatPe, a fintech platform for merchants, reported EBITDA profitability in FY25 with revenue reaching ₹1,667 crore. The article details key drivers including merchant…

The Reserve Bank of India RBI announced open interoperable tokenisation for all card transactions, allowing banks and fintechs to issue tokens without platform-specific…

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…

Handpickd, a fresh produce supply chain startup, raised $15 million from investors to strengthen sourcing, logistics, and distribution across India. The article explains how the…

CBIC announced automated GST registration for low-risk applicants starting 1st November 2025. The article explains procedural steps, eligibility criteria, and digital facilitation…

Zeropearl Venture Capital, led by Bipin Shah, closed its inaugural fund at ₹159 crore targeting early-stage startups across fintech, SaaS, consumer, and healthtech. The article…