39,446 MSMEs shut shop in FY 2024-25: MoS Attributes Deregistration to Multiple Business Factors
The Government has confirmed that 39,446 Micro, Small and Medium Enterprises (MSME) ceased operations and shut shop during Financial Year (F.Y.)...
![MCA Amends Small Company Definition, Raises Threshold Limits: Know its Impact [Read Notification]](https://images.taxscan.in/h-upload/2025/12/02/250x150_2109501-mca-small-company-definition-taxscan.webp "MCA Amends Small Company Definition, Raises Threshold Limits: Know its Impact [Read Notification]")
![Delhi HC Holds Challenge to GST SCN Citing AI‑Generated Judgments Premature, Directs Petitioner to Reply [Read Order]](https://images.taxscan.in/h-upload/2025/12/02/250x150_2109574-810bc4ff-0ba2-4540-9b07-9f9378b8b00e.webp "Delhi HC Holds Challenge to GST SCN Citing AI‑Generated Judgments Premature, Directs Petitioner to Reply [Read Order]")
![DGFT Permits Import/Export of Gems & Jewellery as Personal Carriage from Ahmedabad Airport [Read Notification]](https://images.taxscan.in/h-upload/2025/12/02/250x150_2109695-dgft-permits-import-export-gems-jewellery-personal-carriage-ahmedabad-airport-taxscan.webp "DGFT Permits Import/Export of Gems & Jewellery as Personal Carriage from Ahmedabad Airport [Read Notification]")
GST: Gujarat HC Protects Assessee from Section 74 Action amid Dispute on Input Credit Distribution [Read Order]
The High Court of Gujarat has granted interim relief to a container shipping company in a matter concerning the distribution of Input Tax Credit (ITC) across its branches, restraining the...
![GST: Gujarat HC Protects Assessee from Section 74 Action amid Dispute on Input Credit Distribution [Read Order]](https://images.taxscan.in/h-upload/2025/12/02/500x300_2109610-gujarat-hc-input-credit-distribution-taxscan.webp "GST: Gujarat HC Protects Assessee from Section 74 Action amid Dispute on Input Credit Distribution [Read Order]")
Punjab & Haryana HC Remands Educational Institutions’ Income Tax Exemption Pleas for Reconsideration after SC Clarification [Read Order]
The Punjab and Haryana High Court at Chandigarh recently remanded a batch of writ petitions filed by various educational institutions seeking Income Tax exemption under Section 10(23C)(vi) of...
![Punjab & Haryana HC Remands Educational Institutions’ Income Tax Exemption Pleas for Reconsideration after SC Clarification [Read Order]](https://images.taxscan.in/h-upload/2025/12/02/500x300_2109516-0945e0b7-7197-4e66-a86f-fabf4f56bfbb.webp "Punjab & Haryana HC Remands Educational Institutions’ Income Tax Exemption Pleas for Reconsideration after SC Clarification [Read Order]")
GST Registrant Exploits Systemic Gaps to Utilise Fake ITC: Rajasthan HC says Procedural Lapses Cannot Overshadow Fraud Committed [Read Order]
The Rajasthan High Court (Jaipur Bench) has dismissed a writ petition challenging the issuance of GST MOV-02 and subsequent detention of goods and the vehicle, finding that the transaction was...
![GST Registrant Exploits Systemic Gaps to Utilise Fake ITC: Rajasthan HC says Procedural Lapses Cannot Overshadow Fraud Committed [Read Order]](https://images.taxscan.in/h-upload/2025/12/02/500x300_2109661-gst-registrant-exploits-systemic-gaps-utilise-fake-itc-taxscan.webp "GST Registrant Exploits Systemic Gaps to Utilise Fake ITC: Rajasthan HC says Procedural Lapses Cannot Overshadow Fraud Committed [Read Order]")
Challenge to ITC Reversal not Entertained under Article 226: Madras HC Declines Interference with GST Order Confirming Demand [Read Order]
The Madras High Court, declined to interfere with an order confirming reversal of Input Tax Credit (ITC) and held that the assessee must pursue the statutory appellate remedy provided under the GST ...
![Challenge to ITC Reversal not Entertained under Article 226: Madras HC Declines Interference with GST Order Confirming Demand [Read Order]](https://images.taxscan.in/h-upload/2025/12/02/500x300_2109640-itc-reversal-gst-order-taxscan.webp "Challenge to ITC Reversal not Entertained under Article 226: Madras HC Declines Interference with GST Order Confirming Demand [Read Order]")
ICICI Bank’s Mass Employee Termination Dispute: Ministry of Labour Reschedules Meeting, Stirs Criticism [Read Order]
The Ministry of Labour has postponed the high level meeting with regards to one of largest and most contested employee termination disputes, involving the alleged illegal dismissal of more than 780...
![ICICI Bank’s Mass Employee Termination Dispute: Ministry of Labour Reschedules Meeting, Stirs Criticism [Read Order]](https://images.taxscan.in/h-upload/2025/12/02/500x300_2109549-9c035190-9a80-4488-be15-25ac6553619c.webp "ICICI Bank’s Mass Employee Termination Dispute: Ministry of Labour Reschedules Meeting, Stirs Criticism [Read Order]")