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Payment aggregators like Razorpay, Paytm, PhonePe, and Cashfree are grappling with the new RBI Master Direction on Payment Aggregators September 2025 , which mandates re-KYC for…
The Securities and Exchange Board of India SEBI has introduced a standardized reason code, "TLH" Transmission to Legal Heirs , to streamline the reporting of securities transfers…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT has set aside a penalty imposed on a diamond broker, ruling that sole reliance on retracted and untested statements…
Kerala High Court held that the bar on granting anticipatory bail under Section 18 of the SC/ST Prevention of Atrocities Act does not apply if the Court is prima facie satisfied…
The Kerala High Court published draft “High Court of Kerala Designation of Senior Advocates Rules, 2025,” inviting objections by October 6, 2025. Under the draft rules,…
This digest compiles important judgments of the Himachal Pradesh High Court in August 2025. Significant rulings include: detention under NDPS cannot rest on assumption that a…
The Income Tax Appellate Tribunal ITAT has set aside the Commissioner of Income Tax Appeals order disallowing ₹10.28 lakh interest on a loan taken by a charitable trust as an…
A Public Interest Litigation in Telangana High Court alleges widespread irregularities in private schools, particularly exorbitant fees and failure to implement the 25%…
The Bombay High Court has ruled in favor of Parle Products, stating that freight charges reimbursed by wholesalers do not form part of the sale price and, therefore, are not…
The Income Tax Appellate Tribunal ITAT has allowed a claim for ₹6.78 lakh cash deposits, which were initially disallowed as unexplained investment. The appellant demonstrated that…
Despite several GST rate reductions under GST 2.0, revenue collection remains steady at 6.7% of GDP, indicating robust compliance and economic activity. The Goods and Services Tax…
In the week under review, Indian startups secured approx US$317 million in funding across sectors, notably infrastructure, EVs, green mobility and more. A standout among them is…
Speaking at a conference hosted by Gujarat High Court, Supreme Court Justice N.V. Anjaria emphasized that arbitration should not remain an elite mechanism only for corporates or…
Madras High Court stressed the importance of physical activity in schools, criticizing increasing sedentary lifestyles among children driven by online gaming. The Court remarked…
The Andhra Pradesh High Court clarified that civil suits for damages arising out of the same incident remain maintainable even when criminal proceedings have been initiated under…
Google has selected 20 startups out of over 1,600 applications for its “Google for Startups Accelerator: AI First” India 2025 cohort. This three-month equity-free programme is…
The CGST office in Ludhiana busted a ₹455 crore fake GST invoice racket, arresting two individuals involved. The investigation revealed fraudulent claims of input tax credit and…
Central Board of Indirect Taxes and Customs CBIC has clarified the rules regarding price revisions under the Goods and Services Tax GST framework following the waiver of newspaper…
Payment aggregators like Razorpay, Paytm, PhonePe, and Cashfree are grappling with the new RBI Master Direction on Payment Aggregators September 2025 , which mandates re-KYC for…
Businesses are required to reverse excess GST Input Tax Credit ITC when the GST rate on goods or services is reduced or when supplies are reclassified as exempt or nil-rated. This…
The Institute of Chartered Accountants of India ICAI has extended the deadline for submitting the Multipurpose Empanelment Form MEF 2024–25 to October 21, 2024. This extension…
The Bombay High Court has ruled in favor of Parle Products, stating that freight charges reimbursed by wholesalers do not form part of the sale price and, therefore, are not…
Rating and Investment Information, Inc. R&I Japan has elevated India's long-term foreign-currency sovereign issuer rating from BBB to BBB+, maintaining a 'Stable' outlook and…
The Ministry of Finance, Department of Economic Affairs, has notified an updated Harmonized Master List of Infrastructure Sub-sectors, amending the previous list dated 11 October…
The Securities and Exchange Board of India SEBI has introduced a standardized reason code, "TLH" Transmission to Legal Heirs , to streamline the reporting of securities transfers…
The Institute of Chartered Accountants of India ICAI has announced a relaxation for non-corporate entities and Limited Liability Partnerships LLPs regarding compliance with the…
Kerala High Court issued Standard Operating Procedures SOP for a Model Digital Family Court in Sasthamkotta. The Court intends it to function paperlessly: filings, records,…
A Division Bench of Madhya Pradesh High Court—Justices Anand Pathak and Pushpendra Yadav—granted suspension of a life sentence to Mahesh Sharma, convicted in a murder case under…
Journalist Ravish Kumar has moved the Delhi High Court contesting a Central Government directive issued September 16 requiring removal of videos on Gautam Adani and his companies…
Chief Justice of India B.R. Gavai, speaking at the 10th All-India Conference of the Central Administrative Tribunal CAT , urged judges to wield their authority with humility,…
The Madhya Pradesh High Court, bench at Jabalpur Justice Vishal Mishra , quashed a false FIR filed by a woman accusing a Senior Advocate of breaking into her house at night and…
Journalist Ravish Kumar moved Delhi High Court challenging a central government order directing the takedown of content critical of Adani Enterprises. The order was issued under…
At Delhi Arbitration Week 2025, former Orissa High Court Chief Justice and Senior Advocate Dr. S. Muralidhar urged India to focus on strengthening its domestic arbitration…
Supreme Court Justice B.V. Nagarathna called for broadening the arbitrator pool beyond retired judges and well-known names, emphasizing the need for specialists—including…
The proposition is that appointing retired judges as arbitrators gives parties assurance of neutrality, experience and integrity. Justice Viswanathan appears to argue that in many…
Union Law Minister Arjun Ram Meghwal, speaking at the 10th All-India Conference of the Central Administrative Tribunal in 2025, condemned the widespread practice among government…
Wealth-tech startup Jar recently announced that it turned profitable in H1 of 2025 i.e. quarters Q4 FY25 & Q1 FY26 , courtesy of a dramatic YoY surge in revenue. According to…
The Income Tax Appellate Tribunal ITAT has allowed a claim for ₹6.78 lakh cash deposits, which were initially disallowed as unexplained investment. The appellant demonstrated that…
The Income Tax Appellate Tribunal ITAT has deleted an addition of ₹10.33 lakh made on account of unexplained investment in immovable property. The appellant provided credible…
The National Company Law Tribunal NCLT has ruled that an application under Section 75 of the Insolvency and Bankruptcy Code IBC cannot be rejected solely due to the non-furnishing…
Direct tax collections have increased by 9% to ₹10.82 lakh crore in the financial year 2025–26, indicating a robust tax compliance environment and economic growth. The rise in…
Central Board of Indirect Taxes and Customs CBIC has clarified the rules regarding price revisions under the Goods and Services Tax GST framework following the waiver of newspaper…
Finance Minister Nirmala Sitharaman clarified that the central government will not provide compensation to states for revenue loss due to GST rate cuts under the GST 2.0…
Despite several GST rate reductions under GST 2.0, revenue collection remains steady at 6.7% of GDP, indicating robust compliance and economic activity. CBIC data shows that e-way…
FM Sitharaman stated that GST reforms under GST 2.0 are expected to inject approximately ₹2 lakh crore into the economy through rate rationalization and simplification. The…
The Centre issued a warning to traders, wholesalers, and retailers to ensure that GST rate reductions are passed on to consumers. Failure to comply may attract penalties under GST…
The CGST office in Ludhiana busted a ₹455 crore fake GST invoice racket, arresting two individuals involved. The investigation revealed fraudulent claims of input tax credit and…
The Institute of Chartered Accountants of India ICAI has rescheduled the Chartered Accountants Final and Intermediate Examinations in Kathmandu, Nepal, due to unforeseen…
Despite several GST rate reductions under GST 2.0, revenue collection remains steady at 6.7% of GDP, indicating robust compliance and economic activity. The Goods and Services Tax…
Allahabad High Court refused to quash FIR filed against singer Neha Rathore for social media posts commenting on the Pahalgam terror attack, which were alleged to show…
Payment aggregators like Razorpay, Paytm, PhonePe, and Cashfree are grappling with the new RBI Master Direction on Payment Aggregators September 2025 , which mandates re-KYC for…
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