Everything a finance person must know - re-brewed every 10 minutes
The Calcutta High Court has ruled that challenges against penalties under the old foreign exchange law can be pursued as criminal appeals. This decision applies even though the Foreign Exchange Regulation Act was later replaced by the Foreign Exchange Management Act.
Open for the full story →
The Ernakulam bench of the Goods and Services Tax Appellate Tribunal has ruled that tax credit cannot be rejected simply because purchase invoices show up in an earlier auto-populated statement. The tribunal protected the taxpayer's claim despite procedural timing mismatches.
Open for the full story →
The Thiruvananthapuram bench of the Goods and Services Tax Appellate Tribunal ruled that tax proceedings against a dead business owner are invalid if notices are not served to legal heirs. The tribunal invalidated the proceedings due to this procedural lapse.
Open for the full story →
The Allahabad Customs, Excise and Service Tax Appellate Tribunal has ruled that commercial incentives given to dealers without any separate service provision are not subject to service tax. The tribunal set aside the department's tax demand against the taxpayer.
Open for the full story →
HEG Advanced Materials shares hit the twenty percent upper circuit, marking their largest single-day gain in eight years. The rally followed robust September-quarter financial results, featuring four hundred thirty crore rupees in continuing-operations revenue and two thousand eighty-nine crore rupees in profit.
Open for the full story →
The Reserve Bank of India has updated foreign exchange regulations to ease compliance for service providers. Resident individuals now receive automatic compliance status unconditionally. Other service exporters benefit up to a limit of ten lakh rupees.
Open for the full story →
The Allahabad bench of the Customs, Excise and Service Tax Appellate Tribunal determined that transporting coal along with incidental loading activities does not qualify as cargo handling service. This decision offers clarity on service tax classifications for industrial logistics and transport operations.
Open for the full story →
Stock futures climbed as investors monitored the 2026 United States midterm election results. Traders positioned their portfolios on expectations that Democratic election victories could slow down the rapid pace of data center construction.
Open for the full story →
The Lucknow bench of the Goods and Services Tax Appellate Tribunal held that completing Part-B of an electronic way bill is not compulsory for initial transport movements within fifty kilometers. The ruling provides relief to businesses managing local goods transit.
Open for the full story →
The Punjab and Haryana High Court ruled that generating an incidental financial surplus cannot be the sole reason to deny tax exemption under Section 11. The judgment supports genuine non-profit organizations that accumulate operational savings during their activities.
Open for the full story →
The Madras High Court held that expenses incurred on replacing dies and moulds qualify for tax deductions under Section 31 of the Income Tax Act. The ruling provides clarity for manufacturing enterprises on treating tooling replacement costs as current business expenses.
Open for the full story →
Domestic equity markets closed higher as the BSE Sensex advanced 383 points and the NSE Nifty approached the 24,000 mark. Market gains were led by strong performance in specific equities, notably Titan which climbed four percent during the trading session.
Open for the full story →
One place for all of finance - tap any card to jump in.