The Orissa High Court addressed a case involving the alleged wrongful availment of Input Tax Credit ITC using purportedly fake invoices. The petitioner challenged the tax…
23/09/20251 min read
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The Orissa High Court addressed a case involving the alleged wrongful availment of Input Tax Credit ITC using purportedly fake invoices. The petitioner challenged the tax…
Rocket, an AI-driven platform, has raised $15 million in funding to enable users to build applications using its technology. The platform aims to democratize app development by…
Zaggle, a fintech company, saw its stock price surge by 5% following strategic partnerships with AU Small Finance Bank and Mastercard. These collaborations aim to enhance Zaggle's…
Neomile Capital has increased its stake in Arisinfra to 5.13%, signaling confidence in the company's growth prospects. Arisinfra, a player in the infrastructure sector, has been…
Porter, a logistics startup, has achieved profitability in FY25, with revenues exceeding INR 4,000 crore. The company's growth is attributed to its efficient technology platform…
Chiratae Ventures has announced the second close of its fifth fund at $150 million, bringing it closer to its target corpus. The fund will focus on investing in early-stage…
Swiggy has agreed to sell its stake in Rapido, a bike-taxi and logistics startup, to Prosus and WestBridge for INR 2,400 crore. This divestment is part of Swiggy's strategy to…
Prism, the parent company of OYO, has secured INR 50 crore in funding to expand its portfolio of premium hotels ahead of its initial public offering IPO . The investment aims to…
MakeMyTrip MMT appointed Dipak Bohar, former Wipro executive, as Chief Financial Officer CFO , while promoting Mohit Kabra as Chief Operating Officer COO . Bohar’s experience in…
Purple Style Labs has filed its Draft Red Herring Prospectus DRHP with SEBI to raise ₹660 crore through an Initial Public Offering IPO . The company plans to use proceeds to…
Rocket, a fintech startup, successfully raised $15 million in its seed funding round, led by Salesforce Ventures with participation from other global investors. The funding will…
An analysis of Series A funding rounds shows that many startup founders face significant equity dilution, losing operational and decision-making control. Heavy capital infusions…
Purple Style Labs, a consumer-focused startup, reported flat revenues for FY25 compared to the previous year, while losses increased by 36%, reflecting higher operational costs…
The Punjab & Haryana High Court was approached by a 14-year-old rape survivor seeking medical termination of her pregnancy at 29 weeks. A medical board had advised against…
The Karnataka High Court, through Justice M. Nagaprasanna, invalidated a circular dated 3 September 2020 issued by Karnataka Real Estate Regulatory Authority KRERA which imposed a…
The Madhya Pradesh High Court, in a writ petition filed by advocate Rohit Pathak, directed the State Bar Council of Madhya Pradesh to provisionally register his name without…
The Bombay High Court held that a marriage can be declared invalid under the Hindu Marriage Act if, at the time of marriage, one spouse here, the wife concealed a medical…
The Gauhati High Court addressed whether disputes with allegations of fraud can always be said to be non-arbitrable. The Court held that merely because a party alleges fraud, that…
TaxScan clarified that cash prizes from National Film Awards are generally taxable under Income Tax, unless specifically exempted. Recipients must report them under “Income from…
The Madras High Court examined the mandatory waiting period for ‘mutual consent divorce’ under the Hindu Marriage Act. The dispute was over recent legislative…
The Rajasthan High Court addressed the validity of a certificate under Section 65B of the Indian Evidence Act, which governs admissibility of electronic records. The court…
The Himachal Pradesh High Court dealt with a dispute over the validity and execution of a Will, in context of inheritance under the Hindu Succession Act. The issue focused on…
In a case under the POCSO Act Protection of Children from Sexual Offences , the Orissa High Court evaluated a discharge application under Section 250 of the Criminal Procedure…
The Telangana High Court ruled on the eligibility of NRI Non-Resident Indians students and OCI Overseas Citizens of India card holders to register for NEET-PG National Eligibility…
The Central Board of Direct Taxes CBDT granted income tax exemption to the Chandigarh High Court Legal Services Committee on amounts received as costs in legal proceedings.…
Supreme Court held that export duty is not applicable when goods are transferred from a Domestic Tariff Area DTA to a Special Economic Zone SEZ . The judgment arose from Adani…
Jefferies has raised its target price for Paytm to INR 1,420, expressing confidence in the company's growth prospects. The investment bank cites Paytm's expanding digital services…
PhonePe has raised INR 7,000 crore in funding, bolstering its financial position as it prepares for an initial public offering IPO . The funds will be utilized to expand PhonePe's…
Distil, a specialty chemicals startup, has raised $7.7 million to scale its research and development R&D efforts. The funding will be directed towards developing innovative…
The Supreme Court has dismissed the Airports Authority of India’s AAI appeal which challenged the imposition of Service Tax on export cargo handling services. A bench comprising…
Chartered Accountants filed petitions in Delhi and Punjab & Haryana High Courts seeking extension of deadlines for filing tax audit reports under the Income Tax Act. They argued…
The Madras High Court addressed a dispute regarding the classification of roasted areca nuts, where conflicting lab reports led to a customs valuation conflict. The Court ordered…
The Madras High Court restrained criminal proceedings against a jewellery exporter who faced allegations of irregularities in the duty-free gold replenishment scheme. The exporter…
The Income Tax Appellate Tribunal ITAT quashed a notice issued to actor Saif Ali Khan attempting to reopen an assessment after three years without obtaining prior approval from…
The GST Network GSTN announced updates to the Invoice Management System IMS , effective from October. Changes include streamlined invoice filing, error rectification processes,…
The Orissa High Court addressed a case involving wrongful availing of Input Tax Credit ITC through alleged fake invoices. The Court refrained from deciding factual disputes at the…
A TaxScan report clarified the taxability of cash prizes awarded under National Film Awards. Cash prizes received by individuals are generally taxable as income under the Income…
The Uttarakhand High Court set aside a GST cancellation order against a taxpayer who failed to file returns on time. The Court noted that cancellation must follow proper notice…
The Gauhati High Court clarified that a GST registration canceled due to non-compliance can be restored if the taxpayer fulfills the procedural requirements under Rule 22 4 of the…
Swiggy exited its investment in Rapido, yielding a 2.35x return, while Prosus and WestBridge acquired significant stakes in the company. This transaction reflects a strong return…
The Supreme Court observed that the workload of judges in higher judiciary is disproportionately high, noting that one year of judgeship equates to five years of practicing as a…
The Delhi High Court permitted Patanjali Ayurved to continue using the tagline “Why settle for ordinary Chyawanprash?” in its advertisement, while removing any references to…
BJP leader Gaurav Bhatia approached the Delhi High Court seeking removal of social media posts that allegedly misrepresented his appearance on a TV debate, where he wore shorts.…
The Kerala High Court examined the exercise of Section 473 of the Criminal Procedure Code CrPC , which allows condoning of delays in filing applications, appeals, or revisions if…
The Madras High Court clarified that under Sections 63 and 65 of the Indian Evidence Act, a xerox copy of a cheque may be admitted as secondary evidence in court proceedings if…
The Kerala High Court granted relief to a 29-year-old man seeking erasure of all records relating to a criminal case from his juvenile years. Under Sections 3 xiv “fresh start”…
The Punjab & Haryana High Court has held that a rule mandating that candidates secure 50% aggregate marks combining written exam + viva-voce in order to qualify for the Superior…
Gaurav Bhatia a BJP leader moved the Delhi High Court seeking orders for removal of social media posts about a TV debate video in which he appeared wearing shorts. Gaurav Bhatia…
In a dispute between Patanjali Ayurved and Dabur India over advertising for chyawanprash, the Delhi High Court has modified earlier orders restraining Patanjali from running…
The Manipur High Court has asked the Central and State Governments to respond to a writ petition by the Kuki Women Organisation for Human Rights Trust. The petition seeks relief…
The Orissa High Court addressed a case involving the alleged wrongful availment of Input Tax Credit ITC using purportedly fake invoices. The petitioner challenged the tax…
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