The court has said that such action of the authorities amount to announcing an “economic death” of a business entity as the cancellation orders passed in such a casual manner inflict disproportionate hardship on traders and disrupt legitimate business activity.
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The Enforcement Directorate has arrested WinZO Games founders Saumya Singh Rathore and Paavan Nanda under PMLA. The agency froze ₹505 crore in proceeds of crime after searches, alleging WinZO used a concealed algorithm (‘PPP’) to generate automated gameplay, leading to…
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In a notice to the stock exchanges, Paytm said it received the certificate of authorisation from the RBI on November 26 to operate as a payment aggregator. The licence further strengthens Paytm’s position as an online merchant payment processor. In…
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The ITAT Ahmedabad has cleared Mr. Sanghvi from tax penalty by declaring it null and void. The penalty was based on allegations of misreporting income due to a mishap with his Section 54F capital gains tax exemption claim. However, the…
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Britain’s Labour administration has rolled out a new budget, surprising many with tax increases. Aimed at shrinking the national debt and bolstering public services, this budget reflects the government’s response to projected sluggish economic growth ahead. Tax hikes will target…
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In a landmark decision, the Union Cabinet has greenlit an ambitious initiative to enhance the manufacturing of rare earth permanent magnets. With a substantial investment of Rs 7,280 crore, this program is geared to establish a robust production capacity of…
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