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The Allahabad High Court has ruled that a trust cannot apply a Section 12AA registration retrospectively to benefit an earlier tax appeal pending before the tribunal. This legal decision clarifies that fresh charitable status does not automatically resolve historical assessment disputes without specific statutory provisions.
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The Supreme Court has dismissed a Special Leave Petition as withdrawn in a legal dispute involving tax exemptions for trusts under Section 11 and Section 12. This action closes the current judicial challenge without setting a new precedent on the core tax matters.
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Initial public offering investors who secured a single lot of Sacheerome at one hundred two rupees experienced a substantial value increase over sixteen months. The holding grew from one lakh twenty-two thousand four hundred rupees to four lakh seventy-eight thousand five hundred rupees at three hundred ninety-eight rupees and seventy-five paisa per share. This generated an unrealized gain of three lakh fifty-six thousand one hundred rupees before accounting for costs and taxes.
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Low-cost carrier IndiGo is in early-stage talks with Embraer to acquire 100 regional jets. The potential agreement also includes options for an additional 50 aircraft, with deliveries potentially starting in 2030 or later.
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Silver prices increased by more than 4 percent to surpass $51 per ounce after Democrats won the United States midterm elections. This political shift caused a decline in the dollar and Treasury yields. HSBC anticipates that further price increases will be restricted because current trading values already align closely with fundamental market conditions.
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China recorded a slowdown in its services sector growth to a three-month low due to mounting operational costs and severe market competition that compressed profit margins. This deceleration in the Purchasing Managers' Index and falling business sentiment could pressure Chinese equities, despite resilience in export orders.
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A faction of the Nationalist Congress Party held another round of meetings amid swirling rumors of a political discussion involving Amit Shah. Observers are closely watching these deliberations as leaders evaluate their next steps. The political circles remain abuzz with speculation regarding potential alignments.
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An artificial intelligence platform has uncovered an alleged Goods and Services Tax fraud network valued at ₹5,700 crore. The operation spans 1,500 shell companies across India. A2Z Taxcorp LLP reported on this major detection involving fraudulent entities.
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L&T Finance has launched the second edition of Pitch Point for artificial intelligence startups. Previous winners Arrowhead AI and SpoofSense shared insights from the inaugural contest. New applicants can learn from their experiences scaling up with enterprise support.
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Coonoor tea manufacturers are opposing Tea Board curbs on establishing new CTC tea factories. Industry stakeholders warn that restricted applications for new processing units could negatively impact small tea growers. The local manufacturing community seeks policy revisions from the regulatory body.
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An evaluation of the top five trademark registration service providers in India for 2026 covers fees, filing speed, professional support, and key benefits. Businesses can compare these agencies to choose the most suitable intellectual property filing partner for their needs. The assessment details service offerings available in the market.
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Democratic control of Congress could bring greater scrutiny of Donald Trump’s handling of the Iran and Ukraine wars. Despite this legislative check, he retains broad foreign-policy powers. Observers analyze how divided government impacts international relations and diplomatic strategies.
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