Tag

Taxation

105 articles
Tax disputes and assessments continue to weigh on Indian companies, though outcomes vary. Several companies are seeing either reductions in proposed demands or outright dismissals of notices, including Skipper Limited, where a GST demand was reduced to ₹40.96 crore from ₹227.53 crore, and Aarti Highrise, which had a notice quashed due to time-bar limitations. Conversely, Emcure Pharmaceuticals faces a ₹57.74 crore penalty, and Nectar Lifesciences’ GST litigation has been remanded for reconsideration. These ongoing tax proceedings introduce uncertainty and potential financial exposure for businesses, highlighting the importance of robust compliance and legal strategies in navigating India’s complex tax landscape.
Nectar Lifesciences GST Litigation Remanded by High Court
Nectar Lifesciences discloses High Court order remanding GST dispute back to appellate authority for fresh consideration. Potential financial exposure includes ₹89.32 crore demand with interest and pe
Supreme Court Dismisses Axis AD Print Tax Petition
Supreme Court heard a Special Leave Petition by the Income Tax Commissioner for condoning delay in Axis AD Print Media's tax case. Petition dismissed due to 468-day filing delay without satisfactory e
Skipper GST Demand Reduced to ₹40.96 Crore
Skipper Limited discloses a rectified GST show cause notice reducing the proposed demand from ₹227.53 crore to ₹40.96 crore. The company contests the rectified demand as erroneous and not tenable, sta
Skipper GST Demand Reduced to ₹40.96 Crore
Skipper Limited discloses a rectified GST show cause notice reducing the proposed demand from ₹227.53 crore to ₹40.96 crore. The company contests the rectified demand as erroneous and not tenable, sta
Commissioner Seeks SLP Condonation vs Happy Furniture
Supreme Court on 01‑10‑2026 heard Assistant Commissioner (ST) petition for condoning delay in filing Special Leave Petitions against Happy Furniture. Court ordered notice issuance on condonation appli
Megha Technical VAT Scrutiny Notices Quashed
The High Court of Meghalaya allowed Megha Technical and Engineers Pvt Ltd's writ petition, setting aside VAT scrutiny reports for 2007‑2017. Court held that Section 35 notice was not issued to the reg
SREI Equipment Finance GST Demand Rs 1.85 Cr Quashed
The Calcutta High Court quashed a GST demand of Rs 1.85 crore plus penalty for FY 2021‑22 against SREI Equipment Finance Ltd. The court held the claim extinguished by the approved insolvency resolutio
Krishna Kawatch Developers Tax Refund Order Rs.11.04 Lakh
• High Court orders revenue authorities to refund Rs.11,04,634 recovered from Krishna Kawatch Developers, with 6% interest. • Court permits petitioner to file appeal against Dec 11 2025 tax demand ord
Angel Starch & Food GST Appeals Proceed
Tvl.Angel Starch and Food Pvt Ltd filed two writ petitions seeking to quash GST orders for tax periods 2017‑18 and 2019‑20. The High Court noted petitioner complied with the earlier order dated 20‑Nov
Angel Starch & Food GST Appeals Proceed
Tvl.Angel Starch and Food Pvt Ltd filed two writ petitions seeking to quash GST orders for tax periods 2017‑18 and 2019‑20. The High Court noted petitioner complied with the earlier order dated 20‑Nov
Aarti Highrise Notice Quashed as Time-Barred
High Court Calcutta disposed WPA 10051 of 2026 filed by Aarti Highrise Private Ltd against the Income Tax Department. The court held the Section 148A(b) notice dated 6 Nov 2025 for AY 2016‑17 is barre
Emcure Receives ₹577 Crore Income Tax Penalty
Emcure Pharmaceuticals discloses regulatory orders from the Income-tax Department imposing an aggregate penalty of ₹57.74 crore. The penalty covers financial years 2014-15 to 2020-21 (assessment years
Harroze Enterprise Wins Time-Barred Tax Notice Dismissal
Harroze Enterprise Pvt Ltd challenged a Section 148 notice dated Aug 31 2024 for FY 2015‑16, alleging it was time‑barred. Court relied on Supreme Court’s Union of India v. Rajeev Bansal (2024) ruling
Khanakul Cooperative Appeal Reinstated, Rs1L Deposit
The Calcutta High Court set aside the Commercial Tax Circle Officer’s order rejecting the society’s appeal filed after a 16‑month delay. The court directed the authorities to hear the appeal on merits
Khanakul Cooperative Appeal Reinstated, Rs1L Deposit
The Calcutta High Court set aside the Commercial Tax Circle Officer’s order rejecting the society’s appeal filed after a 16‑month delay. The court directed the authorities to hear the appeal on merits
K.C.P. Ltd Tax Revision Dismissed
The Madras High Court dismissed Tamil Nadu's tax revision cases (TC Nos.10 &16, 2020) against K.C.P. Ltd. The court affirmed earlier Tribunal rulings that Rs.3,500 turnover from free customer‑supplied
Rimoli Culture Granted Condonation, Orders Set Aside
Calcutta High Court set aside GST authority's order rejecting Rimoli Culture's condonation of delay for a show‑cause reply. The court found the rejection was mechanical, lacking reasons, and noted the
Jayashree Enterprises CGST Interest Revised to Rs13,977
High Court upheld revised CGST interest calculation of Rs 13,977 for Jayashree Enterprises after assessing authority corrected earlier error. Interest computed on wrongly availed ITC of Rs 48,643 at 2
Jayashree Enterprises CGST Interest Revised to Rs13,977
High Court upheld revised CGST interest calculation of Rs 13,977 for Jayashree Enterprises after assessing authority corrected earlier error. Interest computed on wrongly availed ITC of Rs 48,643 at 2
Tripura HC Restores Union Excise Appeal
The Tripura High Court allowed restoration of the Central Excise Appeal filed by the Union of India against M/S. Dharampal Satyapal Ltd. The order dated 13 May 2026 directed that the appeal be listed
Sree Boomeeshwar Traders Appeal Quashed, 10% Deposit
The Madras High Court quashed the Deputy Commissioner’s GST order dated 13 Oct 2025 concerning tax period 2018‑2019. The court remitted the matter for disposal, directing the petitioner to deposit 10%
Sree Boomeeshwar Traders Appeal Quashed, 10% Deposit
The Madras High Court quashed the Deputy Commissioner’s GST order dated 13 Oct 2025 concerning tax period 2018‑2019. The court remitted the matter for disposal, directing the petitioner to deposit 10%
State Tax Officer Rejects Writ Against Patanjali Foods
Gujarat State Tax Officer filed a writ petition contesting the NCLT’s 8 Nov 2023 order against Patanjali Foods Ltd (formerly Ruchi Soya). The petitioners objected to paragraphs 6.4 and 6.5 of the orde
Shreeji Steel GST Show-Cause Order Dismissed
The Gujarat High Court dismissed Shreeji Steel's writ challenging the GST show‑cause notice and confiscation order dated 02‑03‑2026. The Court held no violation of Rule 138B, natural‑justice principle
Shreeji Steel GST Show-Cause Order Dismissed
The Gujarat High Court dismissed Shreeji Steel's writ challenging the GST show‑cause notice and confiscation order dated 02‑03‑2026. The Court held no violation of Rule 138B, natural‑justice principle
Crescent Auto Repairs Appeal Dismissed by Madras HC
The Madras High Court dismissed WA No.1829 of 2001 filed by Crescent Auto Repairs against the Tamil Nadu Commercial Taxes Department. The appeal challenged G.O. No.114 dated 15‑04‑1998 under the Tamil
Shyam Sales & Enterprises Writs Dismissed
Petitioners M/s Shyam Sales (Amita Panda) and M/s Shyam Enterprises (Arun Panda) filed writ petitions against Chhattisgarh tax authorities. The petitioners sought permission to withdraw the writs whil
Shyam Sales & Enterprises Writs Dismissed
Petitioners M/s Shyam Sales (Amita Panda) and M/s Shyam Enterprises (Arun Panda) filed writ petitions against Chhattisgarh tax authorities. The petitioners sought permission to withdraw the writs whil
Das ITC Block Disposed by Odisha HC
The High Court of Odisha disposed the writ petition filed by M/s Das Agency challenging the blocking of its Input Tax Credit (ITC). The court noted the department had already redressed the grievance,
ideaForge Receives ₹1091.72 Cr GST Demand Order
ideaForge Technology received GST demand order for ₹545.86 crore tax and equal penalty totaling ₹1091.72 crore for 2022-24 period. Company disputes claim, citing government clarification that drone GS
SC Adjourns Income Tax Suit vs Cholamanadlam General Insurance
Supreme Court heard SLP (Civil) 39695/2026 on 1 Oct 2026 between Income Tax Deputy Commissioner and Cholamanadlam General Insurance. The petition challenges a High Court judgment dated 16‑04‑2025 conc
Aether Industries GST Notice Dropped Without Impact
Aether Industries received a GST demand and show cause notice for ₹4.26 crore disallowing tax credit on IPO expenses. The Additional Commissioner, CGST & Central Excise, Surat, has now dropped all pro
DIC India Receives DRP Directions on Tax Dispute
DIC India received directions from the Dispute Resolution Panel-2 on September 30, 2026, regarding a transfer pricing dispute for AY 2023-24. The DRP did not accept most of the company's objections to
Supreme Court Dismisses SLP vs Shree Cement
The Supreme Court rejected a petition by Deputy Commissioner of Income Tax International Taxation, Jaipur, seeking condonation of a 301‑day filing delay. The petition, arising from a High Court judgme
Supreme Court Condones Delay for Ambalal Enterprise
Supreme Court heard Leave Petition by Principal Commissioner of Income Tax 1 against Ambalal Sarabhai Enterprise Ltd for condonation of filing delay. The hearing took place on 30 September 2026 before
Supreme Court Condones Delay for Ambalal Enterprise
Supreme Court heard Leave Petition by Principal Commissioner of Income Tax 1 against Ambalal Sarabhai Enterprise Ltd for condonation of filing delay. The hearing took place on 30 September 2026 before
Supreme Court Condones Delay for Atria Convergence
Supreme Court heard SLP (Civil) No.46770/2026 filed by Atria Convergence Technologies Ltd challenging a Karnataka High Court tax order. Petitioner requested condonation of delay in filing IA Nos.27637
Bajaj Electricals GST Appeal Reduces Liability to ₹1.28 Lakh
Bajaj Electricals received a favorable GST appellate order annulling a ₹32.50 lakh penalty and reducing interest liability from ₹8.46 lakh to ₹1.28 lakh for FY 2017-18. The appellate authority in Ranc
Karur Vysya Bank Tax Appeals Withdrawn
Karur Vysya Bank Ltd filed Civil Appeals Nos. 140‑142/2015 against the Commissioner of Income Tax in the Supreme Court Special Lok Adalat. The parties reached a settlement, and the appellant unconditi
Bajaj Electricals Wins ₹29.63 Lakh GST Appeal
Bajaj Electricals discloses favorable GST appellate order setting aside ₹29.63 lakh demand from Jharkhand authority. Appellate Commissioner dropped entire gross demand including ₹2.69 lakh penalty for
Liberty Chemtrade Petition Withdrawn Post GST Amendment
Liberty Chemtrade Pvt Ltd filed Special Civil Application No. 5637 of 2018 against the Union of India in Gujarat High Court. The Court found the 31 March 2023 amendment to Section 159 of the CGST Act,
AYM Syntex Receives ₹2.32 Crore GST Show Cause Notice
AYM Syntex received a GST Show Cause Notice from Maharashtra tax authorities for FY 2022-23, proposing total dues of ₹2.32 crore. The notice cites audit objections including delayed payments, disallow
Uttam Traders Order Quashed Over Hearing Violation
Uttam Traders & Supplies challenged a CGST/UGST order dated 04‑Feb‑2025 for FY 2020‑21, alleging lack of hearing date in show‑cause notice. The Court held the omission breached Section 75(4) of the Ac
Ghanashyam Nayak GST Cancellation Revocation Ordered
High Court of Odisha disposed W.P.(C) No.28445 of 2026 filed by M/s. Ghanashyam Nayak challenging GST registration cancellation. Court directed petitioner to pay outstanding tax, interest, late fee an
Dasila Dhaba Allowed GST Cancellation Revocation
The Uttarakhand High Court dismissed the petition and allowed Dasila Dhaba to seek revocation of its GST registration cancellation. The court mirrored the terms of WPMB No.39 of 2025, requiring filing
Dasila Dhaba Allowed GST Cancellation Revocation
The Uttarakhand High Court dismissed the petition and allowed Dasila Dhaba to seek revocation of its GST registration cancellation. The court mirrored the terms of WPMB No.39 of 2025, requiring filing
Central Excise vs ICICI Bank: Rs65.66 Cr
The Registrar Court heard Civil Appeal No. 4784/2024 between Commissioner of Central Excise Thane II and ICICI Bank on 1 Oct 2026. Appellant’s counsel submitted a valuation affidavit showing a tax eff
Rohstoffe Intl Pays Rs 3.92L, Gets Refund
The High Court held the State can levy transfer premium on leasehold office unit, but based on auction price Rs 2.65 crore. Premium is higher of Rs 2,000/sq ft or 6% of auction price; excess paid will
Yatra Online Receives GST Show Cause Notices
Yatra Online Limited and its subsidiary received GST show cause notices totaling ₹70.66 crore in tax, interest, and penalty demands for FY 2022-23. The Maharashtra notice demands ₹39.86 crore alleging
Maa Jay Durga Construction GST Appeal Reinstated
Court set aside the Joint Commissioner’s rejection order dated 26‑Feb‑2026, allowing the petitioner to file a response. The petitioner, M/s. Maa Jay Durga Construction, faced a GST demand of Rs 19,09,
Maa Jay Durga Construction GST Appeal Reinstated
Court set aside the Joint Commissioner’s rejection order dated 26‑Feb‑2026, allowing the petitioner to file a response. The petitioner, M/s. Maa Jay Durga Construction, faced a GST demand of Rs 19,09,
Midway Motors Writ Petition Dismissed as Withdrawn
Petitioner Midway Motors Private Ltd filed a writ petition before the Odisha High Court challenging commercial tax matters. Petitioner's counsel sought withdrawal of the petition, submitting a memo to
Uttarakhand Act Development Cess Provision Quashed
Ashirwad Agro Industries and co‑petitioners challenged the first proviso of Section 27(c)(v) of Uttarakhand’s Agricultural Produce Marketing Act. Court held that levying development cess on agricultur
Income Tax Commissioner SLP Delay Condoned
Supreme Court heard SLP (Civil) No.40518/2026 filed by Income Tax Commissioner challenging a Delhi High Court judgment involving Shangri La Hotel Management. The Court, comprising Justices J.B. Pardiw
Eureka Forbes UP GST Notice Reduced to ₹4.5 Crore
Eureka Forbes discloses a favorable rectification order from UP GST authorities, reducing a tax liability notice from ₹273.40 crore to ₹4.50 crore. The company maintains the rectified notice is withou
Supreme Court Lists Ujaas Energy Tax Appeal
Supreme Court heard SLP by Commercial Tax Commissioner against Ujaas Energy over 12 Aug 2025 High Court judgment. Court listed the matter for further hearing on 5 Oct 2026, granting condonation of del
Supreme Court Lists Ujaas Energy Tax Appeal
Supreme Court heard SLP by Commercial Tax Commissioner against Ujaas Energy over 12 Aug 2025 High Court judgment. Court listed the matter for further hearing on 5 Oct 2026, granting condonation of del
NCLAT Adjourns Patanjali Foods Customs Appeal
NCLAT adjourns Patanjali Foods Ltd's customs appeal hearing to November 2026 due to time constraints. The appeal challenges an order by the Additional Commissioner of Customs against the company. The
5paisa Capital Receives ₹15.31 Crore GST Demand Notice
5paisa Capital Limited received a GST Show Cause cum Demand Notice for ₹15.31 crore from the Principal Commissioner of CGST & C. Excise, Mumbai East. The notice alleges excess and ineligible Input Tax
Advance Agrolife Receives ₹3.23 Cr GST Demand Notice
Advance Agrolife received a GST show cause-cum-demand notice from Rajasthan tax authorities for FY 2022-23. The notice alleges short payment of GST totaling ₹3.23 Cr including tax, interest, and penal
Advance Agrolife Receives ₹3.23 Cr GST Demand Notice
Advance Agrolife received a GST show cause-cum-demand notice from Rajasthan tax authorities for FY 2022-23. The notice alleges short payment of GST totaling ₹3.23 Cr including tax, interest, and penal
Emmvee Subsidiary Receives ₹38.4 Crore GST Show Cause Notice
Emmvee's material subsidiary received a GST show cause notice alleging excess input tax credit of ₹20.4 crore for FY 2022-23. The Karnataka State GST Department demands ₹38.44 crore including interest
SRF Receives ₹266 Crore GST Show Cause Notice
SRF Limited received a GST show cause notice dated September 29, 2026, for alleged ineligible Input Tax Credit of ₹266.32 crore for FY2022-23 and FY2023-24. The notice was issued by the Additional Com
Mold-Tek Packaging Receives ₹36 Lakh Tax Demand
Mold-Tek Packaging discloses receipt of an income tax demand notice for ₹36.05 lakh for AY 2021-22. The demand stems from an order under Section 270A of the Income Tax Act, 1961, received on September
MRPL Karnataka High Court CENVAT Case Dismissal
Karnataka High Court dismissed a department appeal against a CESTAT order favoring MRPL in a CENVAT credit dispute. The case involved denial of ₹2,173.76 crore CENVAT credit on capital goods for the p
Valiant Organics Receives ₹22.15 Lakh Tax Rectification Order
Valiant Organics received a rectification order from the Income Tax Department for AY 2015-16 pertaining to an amalgamated entity. The order determines a net tax payable of ₹22.15 lakhs related to ers
Skipper Limited Disputes ₹227.53 Crore GST Notice
Skipper Limited received a GST show cause notice demanding ₹227.53 crore for alleged mismatches in GST returns. The company strongly disputes the demand, citing erroneous findings and incorrect applic
Skipper Limited Disputes ₹227.53 Crore GST Notice
Skipper Limited received a GST show cause notice demanding ₹227.53 crore for alleged mismatches in GST returns. The company strongly disputes the demand, citing erroneous findings and incorrect applic
KEI Industries Receives ₹17.1 Lakh GST Demand Order
KEI Industries received a GST demand order for ₹8.55 lakh tax plus equal penalty from Ahmedabad Central GST authority. The demand is for alleged non-payment of tax on unbilled revenue during FY 2022-2
WeWork India Gets ₹11 Cr GST Demand Notice
WeWork India disclosed receipt of a show cause cum demand notice from GST authorities under SEBI LODR Regulation 30. The notice demands disallowance of ITC worth ₹11.01 crores for alleged discrepancie
WeWork India Gets ₹11 Cr GST Demand Notice
WeWork India disclosed receipt of a show cause cum demand notice from GST authorities under SEBI LODR Regulation 30. The notice demands disallowance of ITC worth ₹11.01 crores for alleged discrepancie
ICICI Bank Receives ₹229 Crore GST Demand Notice
ICICI Bank received a GST demand notice for ₹229.14 crore from Mumbai tax authorities on October 1, 2026. The demand relates to services provided to customers maintaining minimum account balances, wit
ICICI Lombard GST Appeal Partially Allowed
ICICI Lombard received appellate order partially allowing its GST appeal, reducing original demand. Revised GST demand set at ₹3.34 lakh with ₹97,751 penalty for July 2017-March 2020 period. Company p
Dreamfolks Receives ₹1.87 Crore GST Show Cause Notice
Dreamfolks Services received a GST show cause notice dated September 30, 2026, for FY 2022-23 ITC discrepancies. The notice demands ₹1.87 crore total comprising tax of ₹1.71 crore and penalty of ₹17.0
Nuvoco Subsidiary Receives ₹25 Crore GST Show Cause Notice
Nuvoco Vistas discloses GST show cause notice to subsidiary NU Vista Ltd proposing ₹24.99 crore tax demand for FY23. Notice alleges incorrect turnover calculation and denies input tax credit due to ra
Mahindra Holidays Receives ₹36.3 Cr GST Show Cause Notice
Mahindra Holidays received a GST show cause notice from Mumbai State Tax authorities demanding ₹36.3 crore for FY 2022-23. The notice includes tax of ₹19.1 crore, interest of ₹15.3 crore, and penalty
Ramco Systems Philippines Tax Dispute Settled at PHP 3M
Ramco Systems' Philippine subsidiary settled a major tax dispute, reducing its liability from PHP 72.40 million to PHP 3.00 million. The final demand of PHP 3 million (approx. ₹4.60 crore) was paid on
Supreme Court Dismisses Tata Realty Tax Petition
Supreme Court heard Leave Petition (Civil) filed by Pr. Commissioner of Income Tax 2 against Tata Realty & Infrastructure Ltd on 30‑09‑2026. Court condoned delay in filing and dismissed petition, upho
SC Dismisses Tax Petition vs Laqshya Media
The Supreme Court considered a Special Leave Petition filed by the Assistant/Deputy Commissioner of Income Tax and others against Laqshya Media Ltd. The petition challenged the Bombay High Court’s Mar
Supreme Court Notices Redington Tax Appeal
Supreme Court heard civil appeal (Diary No. 42273/2026) filed by Directorate General of Central Excise against Redington India Ltd. Senior counsel highlighted 2016 order finding Redington split mainte
Airbus Training India Appeals Condonation Supreme Court
The Supreme Court heard a civil appeal (Diary No.33684/2026) filed by Airbus Training India Pvt Ltd against the Commissioner of Central Excise. The petitioner sought condonation of delay in refiling,
YES BANK Receives ₹363 Crore Income Tax Refund
YES BANK received a consolidated income tax refund order for ₹363 Crores from the Jurisdictional Assessing Officer on September 30, 2026. The refund results from successful appeals against assessment,
OnEMI Subsidiary Receives ₹44.05 Cr GST Show Cause Notice
OnEMI's subsidiary Si Creva Capital Services received a GST show cause notice for FY 2022-23 demanding ₹44.05 crore. The notice alleges five GST contraventions including ITC reversal discrepancies and
Chettinad Cement Tax Appeals Withdrawn
The Madras High Court dismissed three Income Tax appeals (assessment years 2002-03, 2003-04, 2005-06) as withdrawn. The Department of Income Tax withdrew the appeals citing low tax impact per Circular
Angel Starch Food WP Admitted, Hearing Six Weeks
The Madras High Court admitted writ petition WP No.45788/2025 filed by Angel Starch Food Pvt Ltd seeking GST order records. Petition challenges GST.Appellate Authority order dated 07.11.2025 (Form GST
Angel Tex Chem GST Order Compliance Extension
High Court of Madras heard Writ Petition No.46301/2025 filed by Angel Tex Chem seeking certiorari of GST order dated 13 Oct 2025. The court extended the pre‑deposit compliance period by two weeks from
Angel Tex Chem Granted Two‑Week Deposit Extension
Madras High Court heard W.P. No.46297/2025 by Angel Tex Chem seeking quash of GST order dated 13 Oct 2025 for 2019‑20 tax period. The court extended the pre‑deposit deadline by two weeks from receipt
Angel Tex Chem Granted Two‑Week Deposit Extension
Madras High Court heard W.P. No.46297/2025 by Angel Tex Chem seeking quash of GST order dated 13 Oct 2025 for 2019‑20 tax period. The court extended the pre‑deposit deadline by two weeks from receipt
Madras HC Grants Interim Stay in GST Appeal
High Court of Madras issued interim stay in GST appeal case filed by Sree Boomeeshwar Traders against Deputy Commissioner (ST) (GST Appeal). Registry directed to serve notice to respondent with privat
Madras HC Grants Interim Stay in GST Appeal
High Court of Madras issued interim stay in GST appeal case filed by Sree Boomeeshwar Traders against Deputy Commissioner (ST) (GST Appeal). Registry directed to serve notice to respondent with privat
Solanki Tea Co Refunds Rs.29.75L Stamp Duty
Court allowed Solanki Tea Company's petition and ordered refund of Rs.29,75,000 stamp duty paid on cancelled document No.5929/2018. The refund was granted under Section 47(c)(5) and Section 48 of Maha
Solanki Tea Co Refunds Rs.29.75L Stamp Duty
Court allowed Solanki Tea Company's petition and ordered refund of Rs.29,75,000 stamp duty paid on cancelled document No.5929/2018. The refund was granted under Section 47(c)(5) and Section 48 of Maha
Madras HC Admits Sree Boomeeshwar GST Writ
Madras High Court admitted Writ Petition No. 45556 (2025) by Sree Boomeeshwar Traders seeking certiorari against GST order dated 13 Oct 2025. The petition challenges GSTAP 277/2023 and FORM GST APPL-0
Madras HC Extends Angel Starch GST Deadline
The High Court heard W.P. No.46029/2025 filed by Tvl.Angel Starch & Food Pvt Ltd seeking records to quash GST order dated 07‑Nov‑2025. The court granted the petitioner a two‑week extension to make the
Madras HC Extends Angel Starch GST Deadline
The High Court heard W.P. No.46029/2025 filed by Tvl.Angel Starch & Food Pvt Ltd seeking records to quash GST order dated 07‑Nov‑2025. The court granted the petitioner a two‑week extension to make the
Greenlam Subsidiary Receives ₹77.35 Crore GST Notice
Greenlam Industries discloses receipt of GST show cause notice for subsidiary Greenlam Limited. Andhra Pradesh GST authority alleges ₹77.35 crore ineligible input tax credit for FY 2022-23. Company is
Technocraft Ventures FY26 Revenue Jumps 23% with Bonus Issue
Technocraft Ventures reported FY26 revenue of ₹34,499.55 lakhs, up 23.4% YoY, with net profit surging 53.6% to ₹4,331.50 lakhs. The company executed a 3:1 bonus share issue and recommended a final div
Arihant Institute 19th AGM Notice and FY26 Annual Report
Arihant Institute Limited will hold its 19th Annual General Meeting on September 30, 2026, with no dividend declared for FY 2025-26. The company reported a net profit of ₹189,495 for FY26, a slight in
Citichem India Limited 2025-26 Annual Report
Citichem India Limited issued its Annual Report for FY 2025-26 and notice for its 34th AGM scheduled for 30 September 2026. Revenue from operations declined to ₹9.48 crore from ₹18.70 crore YoY, with
Citichem India 34th AGM Notice and FY26 Results
Citichem India schedules 34th AGM for September 30, 2026, to adopt FY26 financial statements and reappoint director Wasim Rizvi. FY26 financial performance shows revenue decline to ₹9.48 crore and net
Xelpmoc Design FY26 Net Loss Narrows to ₹74.2M
Xelpmoc Design reported a reduced net loss of ₹74.2 million for FY26, down from ₹86.2 million in FY25, with revenue declining to ₹37.4 million entirely from corporate clients. The company recognized s
N.R. International Reports FY26 Loss Amid BSE Suspension
N.R. International's equity shares remain suspended on BSE due to compliance issues, with management actively engaging for resolution. The company reported a FY26 net loss of ₹16.82 lakhs on minimal r
Som Distilleries FY26 Profit Plunges 90% on License Suspension
Som Distilleries reported a 90% decline in consolidated PAT to ₹10.09 crore for FY26 due to regulatory disruptions and input cost pressures. The company's Bhopal manufacturing license was suspended in
Scoobee Day Garments FY26 ₹55.12 Cr Loss, Tax Reconciliation
Scoobee Day Garments reported a net loss of ₹55.12 crore for FY26 versus a profit of ₹19.10 crore in FY25, with revenue declining to ₹327.49 crore from ₹465.03 crore. The company completed a rights is
Winsome Breweries FY26 Net Loss of ₹156.10 Lakhs
Winsome Breweries reported a net loss of ₹156.10 lakhs for FY 2025-26, with total income decreasing to ₹282 lakhs from ₹381.19 lakhs in the previous year. The company's 34th AGM is scheduled for Septe