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The Delhi High Court upheld an arbitral award of ₹33.26 crore in favor of M/S Valley Iron & Steel Company Limited against United India Insurance Company Limited. The insurance…
The Orissa High Court allowed a woman to prematurely withdraw her fixed deposit from the Post Bank to fund a family marriage, despite the bank’s contention that early encashment…
The Supreme Court clarified that an advocate who merely attests or identifies a deponent in an affidavit is not responsible for the truth or accuracy of its contents. The case…
The Karnataka High Court allowed State Bank of India to claim a refund of US $11 billion under the Excise Act within one year from the date of payment. The decision clarified…
The case examined the extent to which High Courts can extend statutory deadlines under income tax law. The Court emphasized that while judicial intervention may provide relief in…
The Ministry of Corporate Affairs MCA issued an advisory to streamline Limited Liability Partnership LLP incorporation procedures, aiming to reduce administrative delays and…
SEBI highlighted potential risks in client code modifications used in trading accounts, stressing that such practices can facilitate tax evasion and fraudulent transactions. The…
The ICAI’s Direct Tax Committee flagged significant technical glitches in the income tax portal, which could hinder timely filing of tax audits and returns. The committee advised…
The Patna High Court clarified that quashing a customs seizure memo does not prevent the department from continuing investigations or processing the matter. The court held that…
The Rajasthan High Court extended the deadline for filing tax audit reports to 31st October due to ongoing technical glitches and delays in form submissions. The court emphasized…
The ITAT restored an income tax appeal where non-compliance was attributed to improper email service and the demise of the Chief Assessing Officer CAS . The Tribunal emphasized…
The central government filed a curative petition in the Supreme Court challenging a previous verdict regarding mineral rights. The petition aims to reconsider issues surrounding…
The Indian Paper Manufacturers Association IPMA warned that the GST exemption on uncoated paper could inadvertently raise notebook production costs. The exemption affects raw…
The ITAT allowed foreign currency derivative losses to be treated as legitimate business expenditure, quashing a revisionary order by the Assessing Officer. The Tribunal…
The CBIC clarified that e-Office communications can use issue numbers as DIN for official GST purposes, eliminating the need for separate DIN issuance. This simplification…
The Patna High Court clarified that quashing a customs seizure memo does not prevent the department from continuing investigations or processing the matter. The court held that…
Chartered accountants staged a pen-down strike due to approaching tax audit deadlines, protesting technical glitches in the income tax portal and insufficient time for compliance.…
The Patna High Court ruled that a GST adjudicating authority cannot pass an order without considering the evidence and submissions presented by the appellant. The judgment…
The CESTAT ruled that imported rectangular gold pieces do not qualify as coins under customs law, denying HDFC the benefit of concessional duty. The Tribunal examined the form,…
A construction company offered ₹1 as audit fee to a chartered accountant for conducting statutory audits, raising serious concerns about the sustainability of the audit…
The Directorate of Revenue Intelligence DRI uncovered a large-scale Anti-Dumping Duty ADD avoidance scheme involving the import of Chinese-origin hydraulic rock breakers routed…
The Delhi High Court ordered action against a Magistrate and Sessions Judge for improperly staying the arrest of an accused despite the Supreme Court and Delhi High Court…
The Delhi court rejected Newslaundry’s plea seeking interim relief against a John Doe gag order that restrained reporting on certain Adani-related matters. The court emphasized…
The Delhi High Court granted relief to music composer A.R. Rahman in a copyright dispute concerning the song “Veera Raja Veera.” The petitioner had alleged infringement of musical…
The Karnataka High Court dismissed a challenge by X Corps against the government’s Sahyog portal, which monitors and blocks unlawful or harmful online content. The petition…
The Punjab & Haryana High Court heard a PIL challenging Haryana’s cow protection law, citing an increase in vigilante incidents and misuse of the statute. Petitioners argued that…
The Kerala government’s cabinet approved a proposal for a new judicial city in Kalamassery, intended to house the state High Court. The initiative aims to address infrastructural…
The Delhi High Court rejected a plea seeking the replacement of Electronic Voting Machines EVMs with traditional ballot papers for elections. The court observed that EVMs are…
In an exclusive interview, Jimmy Yim emphasized that India has the potential to become a global arbitration hub but needs a more integrated approach. He highlighted the importance…
XBattery, a clean-tech startup, raised $2.3 million to develop an advanced battery management system BMS for electric vehicles and energy storage applications. The funding will…
Oolka, a fintech startup founded by former Meesho executives, raised $7 million to develop AI-driven solutions for financial services. The platform aims to simplify investment,…
Rakesh Ranjan, former CEO of Zomato, has been appointed to lead Allen’s digital transformation division. The initiative focuses on leveraging technology to enhance educational…
Unacademy has appointed Sumit Jain as the CEO of its test preparation business, signaling a renewed focus on this segment. Jain's extensive experience in the education sector is…
PhonePe has submitted its Draft Red Herring Prospectus DRHP to SEBI for an initial public offering IPO valued at ₹12,000 crore. The confidential filing route allows the company to…
Akumentis Healthcare has reported a profit of ₹66 crore and a 9% revenue growth for the financial year 2025. The company's performance reflects its strategic initiatives in…
Gullak, a gold savings application, has secured $7.5 million in funding led by Chiratae Ventures. The platform enables users to invest in gold digitally, catering to the growing…
Allen has appointed Rakesh Ranjan, former CEO of Zomato, to lead its online education division. Ranjan's extensive experience in scaling digital platforms is expected to drive…
The Income Tax Appellate Tribunal ITAT ruled that an unsigned draft agreement cannot be relied upon as evidence unless verified through independent inquiry by the Assessing…
PharmEasy, a leading Indian health-tech platform, announced plans to raise INR 1,700 crore through debt financing to strengthen operations and expand its business. The funding…
The Karnataka High Court directed the Central Board of Direct Taxes CBDT to extend the deadline for filing tax audits. The extension was ordered due to technical glitches and…
The ITAT remanded the transfer pricing case of Joy Alukkas, ruling that the bright-line test is inapplicable for adjustments concerning jewellery, textiles, and gift exports. The…
The Calcutta High Court dismissed a taxpayer’s claim for revival of balance duty credit after seven years under the Incremental Exports Incentivisation Scheme. The court held that…
Gullak, a fintech startup focusing on gold investment, raised $7.5 million to expand digital offerings and improve technology infrastructure. The platform enables users to invest…
Rapido, a leading bike taxi platform, is reported to be closing a $550 million funding round to strengthen operations, enhance technology infrastructure, and expand into new…
The Karnataka High Court rejected a petition challenging the Centre’s content-blocking orders, asserting that the government has statutory authority under the IT Act to restrict…
IdeaForge, a leading Indian drone manufacturer, formed a joint venture with First Breach, a US-based firm, to expand drone solutions into North American markets. The collaboration…
P.Tal, an Indian direct-to-consumer D2C brand, raised $3 million from VC Grid, Rainmatter, and other investors to scale operations, expand product lines, and strengthen digital…
Good Capital, an Indian venture capital firm, closed its second fund at $30 million to support early-stage startups in technology, healthcare, and fintech sectors. The fund aims…
Emergent, a technology startup, raised $2.3 million from Lightspeed Venture Partners and other investors to advance its no-code platform for automating app development. The…
Auxilo, a financial services firm, has reported a revenue of ₹528 crore and a profit after tax PAT of ₹112 crore for the financial year 2025. The company's strong financial…
The Delhi High Court upheld an arbitral award of ₹33.26 crore in favor of M/S Valley Iron & Steel Company Limited against United India Insurance Company Limited. The insurance…
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