Loading...

Top
Help
Draft a reply to a
tax notice — free 🎉

150 credits · 30 days · No card needed

• Basic Search 1 Credit
• Advanced Search 3 Credits
• Drafter 20 to extract + 25 per issue
(≈ up to 2-3 drafts on us)

Already used our earlier 20-Credit Demo?
You are still eligible for this new 150-Credit Demo.

Activate your FREE Demo
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    Refiners to sell 2.5 lakh tonnes of white sugar in domestic market: Shree Renuka Sugars MD & CEO
    Ember Unveils SuperPan, Creating a New Category of Uncoated, Non-Stick Titanium Steel Cookware
    Competition Commission rejects complaint against Keralam govt's Priyadarshini Scheme
    Asia's Energy Rise Reshapes Global Markets as Russia and China Deepen Cooperation
    Open a Savings Account in Minutes with Full Video Banking and Zero Paperwork; AU Small Finance Bank Brings Banking to Your Doorstep
    PM Narendra Modi Witnesses Perfios' Showcase of the AI-Powered Future of Banking at GFF 2026
    India’s Logistics Infrastructure Is Scaling Fast. Hemant Kejriwal Says the Next Challenge Is Inside the Supply Chain
    US banning dairy products, most alcoholic beverages and motorcycles from Canada
    Trump moves to bar Canadian products from US contracts as Canada's retaliatory tariffs take effect
    Bajaj Finance Acquires 5% Stake in TrueFan AI as part of Finserv Intelligence
    SC dismisses BDPL's plea, brings one of India's longest-running corporate disputes to end
    CMRL case: ED writes to Keralam DGP seeking FIR against ex-CM Vijayan, daughter and son-in-law
    RSP MP Premachandran seeks CPI(M) stand on ED probe into Pinarayi Vijayan, family
    UpTik Strengthens Strategic Advisory Board with Appointment of Mr. Rajaram and Mr. Bala Swaminathan
    SC rejects proposal of Parsvnath Developers for homebuyers, asked it to file another
    India faces higher oil import costs as crude prices surge on West Asia supply risks
    Swyom Advisors Marks Three Years of Operations at 'Beyond Alpha: Chapter 3' in Mumbai
    CMRL case: ED writes to Kerala DGP seeking FIR against ex-CM Vijayan, daughter Veena, son-in-law
    ED writes to Kerala DGP seeking FIR against ex-CM Vijayan, daughter, son-in-law in CMRL case
    China's exports pick up in August, jumping 25% as its trade surplus widens
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
September 9, 2026
Show AI Summary
State-funded welfare schemes do not alone establish exclusionary conduct when fare benefits influence passenger choice and private operator revenues.
State-funded free travel for eligible passengers on specified public transport services does not ordinarily attract competition-law scrutiny merely because private operators lose passengers or revenue. Passenger preference arising from a fare concession, where the State bears the cost, does not by itself establish abuse of dominance, denial of market access, or unfair or discriminatory conditions. Differential commercial impact must be accompanied by independent exclusionary or unfair market conduct to constitute a competition-law contravention.
September 9, 2026
Show AI Summary
Energy security cooperation broadens across fuels, nuclear power, critical minerals, electrification, and alternative logistics amid market disruption.
Energy security cooperation between Russia and China covers oil, gas, coal, nuclear power, renewable generation, battery storage, electricity grids, critical minerals, transport electrification and alternative logistics. Supply-chain resilience is linked to diversified fuel supplies, strategic oil reserves, mineral access and reduced dependence on vulnerable transport corridors. Alternative routes are presented as reducing delivery times and logistics costs, while bilateral settlements in national currencies support the wider economic relationship amid trade disruption, currency volatility and energy-market uncertainty.
September 9, 2026
Show AI Summary
Digital savings account opening through video KYC enables remote onboarding, immediate transactions, and paperless customer service.
Digital savings account opening through video KYC enables remote onboarding without a branch visit, physical paperwork, or printed forms. Individuals holding valid Aadhaar and PAN may submit basic particulars, complete a live video interaction, upload identity documents digitally, select account preferences, and activate the account for transactions. Video Banking also provides live assistance for KYC completion, account queries, and service requests. Savings deposits earn daily balance-based interest paid monthly, with tiered rates, while a digital calculator estimates prospective interest earnings using current rate slabs.
September 9, 2026
Show AI Summary
AI-enabled credit assessment uses alternative financial data to support inclusive lending, compliance, fraud controls, and customer servicing.
Agentic AI-enabled credit assessment uses alternative financial and commercial data to support formal credit access, including rural payment records, UPI transactions, GST data, trade data and banking data. Lending functions include automated assessment, AI-assisted underwriting, data intelligence and document processing. AI applications also support fraud and anti-money-laundering investigations, data-protection compliance, insurance operations, customer servicing and collections actions subject to compliance and policy guardrails.
September 9, 2026
Show AI Summary
Supply-chain interoperability and flexibility can convert logistics infrastructure into strategic resilience amid changing trade routes and demand.
Supply-chain flexibility, interoperable data systems and strategic use of logistics infrastructure are central to the next phase of logistics development. Flexible warehousing can help businesses adjust capacity to changing demand and inventory needs, while specialised third-party logistics providers may add sector-specific value. Digital integration is necessary before artificial intelligence can effectively support forecasting, visibility and route planning. Geopolitical disruption also increases the importance of inventory optionality, rerouting capacity, Special Economic Zones and Free Trade Warehousing Zones.
September 9, 2026
Show AI Summary
Reciprocal trade restrictions bar dairy, alcohol, motorcycles, and procurement access after retaliatory import tariffs escalate bilateral dispute.
United States trade measures prohibit Canadian dairy products, most alcoholic beverages and motorcycles, and exclude Canadian products from large, long-term government contracts until full and fair reciprocity is available for American products. Canada has imposed retaliatory tariffs on hundreds of American goods, maintaining that countermeasures are necessary where Canadian businesses face United States tariffs. The dispute has prompted Canada to pursue domestic investment, infrastructure development and trade diversification, including exploration of closer European Union cooperation.
September 9, 2026
Show AI Summary
Government procurement reciprocity excludes Canadian products from long-term contracts as retaliatory tariffs intensify the bilateral trade dispute.
Government procurement reciprocity has been invoked to make Canadian products ineligible for large, long-term United States government contracts until "full and fair reciprocity" is afforded to American products. Canada has imposed retaliatory tariffs on hundreds of American products to prevent tariff-free entry of those goods while Canadian businesses remain subject to United States tariffs. Canada also identifies trade diversification, domestic investment, infrastructure development and deeper European Union cooperation as measures to reduce economic dependence and preserve policy autonomy.
September 8, 2026
Show AI Summary
Strategic equity investment in AI video technology supports expanded enterprise automation, personalised communication, and startup innovation collaboration.
Bajaj Finance acquired a 5% equity stake in TrueFan AI through Finserv Intelligence, an applied research and innovation initiative supporting scalable technology enterprises. The investment follows existing use of TrueFan AI's platform for personalised customer engagement and dealer enablement. The parties intend to expand collaboration in personalised marketing, high-volume video generation, live-avatar assistance, multilingual communication, learning and development, and digital onboarding. The partnership combines equity participation with development of technological capabilities and long-term strategic value.
September 8, 2026
Show AI Summary
Corporate share transaction validity was sustained after allegations of altered control and financial impropriety were rejected in prolonged proceedings.
The National Company Law Appellate Tribunal set aside the Tribunal's decision after considering historical corporate records and contemporaneous material, rejecting allegations of financial impropriety concerning the private placement and share transfers. It upheld the relevant corporate decisions and transactions. The Supreme Court declined to interfere with the appellate determination, concluding the prolonged challenge brought by Bhagwati Developers Private Limited.
September 8, 2026
Show AI Summary
PMLA information-sharing enables a police FIR request over alleged bribery, sham consultancy payments, and suspected fund routing.
Enforcement Directorate used PMLA information-sharing powers to seek a police FIR over alleged bribery, sham consultancy payments, and laundering of funds linked to CMRL and Exalogic Solutions. The allegations concern purported payments for IT consultancy services, use of Exalogic Solutions as a corporate vehicle for routing payments, and alleged transfers of funds to Dubai. The investigation also draws on allegations of fictitious corporate expenditure that generated cash for unlawful payments.
September 8, 2026
Show AI Summary
PMLA information-sharing in alleged consultancy payments enables police FIR registration and potential money-laundering proceedings thereafter.
Section 66(2) of the Prevention of Money Laundering Act permits the Enforcement Directorate to share criminal-investigation findings with law-enforcement agencies for registration of a fresh FIR or complaint. A police case registered on that information can form the basis for a PMLA case. In the reported investigation, FIR registration was sought on evidence gathered during the PMLA probe and searches concerning alleged consultancy payments.
September 8, 2026
Show AI Summary
Governance and risk oversight gain focus as strategic advisers support institutional-grade alternative credit operations for MSMEs.
Strategic Advisory Board appointments add Mr. Rajaram and Mr. Bala Swaminathan to UpTik's advisory leadership for its invoice discounting and alternative credit operations. Their respective experience in structured finance, regulatory compliance, banking operations, treasury and institutional finance is intended to strengthen governance, risk oversight, compliance, credit-management frameworks and institutional partnerships. The appointments support expansion of transparent and responsible alternative credit access for MSMEs.
September 8, 2026
Show AI Summary
Homebuyer claims and delayed possession require a comprehensive proposal, while frozen accounts remain unavailable for insolvency operations.
Proceedings concerning delayed real-estate projects require a fresh comprehensive proposal addressing possession, refunds, delayed-possession compensation, and enforcement-related claims of all homebuyers across the developer's group entities. An inadequate proposal may lead to appointment of a High-Powered Committee to assume relevant responsibilities. Frozen bank accounts remain under restraint, and a request by the Insolvency Resolution Professional to operate an account for company affairs was not entertained. The proceedings also raise concerns over enforcement of real-estate regulatory directions and protection of homebuyers facing prolonged delays.
September 8, 2026
Show AI Summary
Crude oil price volatility heightens India's import, inflation and fuel-retailer margin pressures amid West Asia supply disruptions.
Elevated crude prices arising from West Asia supply and maritime-transit risks increase India's oil import costs and may pressure the trade balance and currency. Higher international crude prices can feed into domestic inflation through fuel, transport and energy costs, depending on domestic price pass-through and the duration of the increase. Retail fuel-price restraint may compress fuel-retailer margins and increase LPG under-recoveries. Refiners, distributors, airlines, petrochemical businesses and other energy-intensive sectors also face higher costs, particularly where crude, LPG and naphtha supplies depend on regional transit flows.
September 8, 2026
Show AI Summary
Alternative investment fund private placements require eligible investors and governing offering documents, with market-risk and no-advice disclosures.
Alternative Investment Fund units are not offered through public solicitation. Subscriptions, purchases or dealings in units may occur only by private placement to eligible investors and on the terms of the relevant private placement memorandum and constitutive documents. The material is not investment advice or a recommendation concerning securities or companies. Securities-market investments carry market risk, and past performance does not assure future results. Category III fund management is also associated with investment-process assessment, risk governance and institutional infrastructure.
September 8, 2026
Show AI Summary
PMLA information-sharing mechanism triggers requested corruption FIR based on alleged consultancy payments and suspected proceeds of crime.
The requested police case concerns allegations that CMRL made fraudulent payments to Exalogic Solutions, a now-defunct company, by representing them as consideration for IT consultancy services. The investigation also alleged generation of proceeds of crime by CMRL management and persons connected with the recipient company. Searches reportedly resulted in seizure of handwritten notes containing details of certain fund transfers to Dubai.
September 8, 2026
Show AI Summary
PMLA information-sharing mechanism supports police FIR referral based on alleged CMRL-linked payments and investigation material.
PMLA information-sharing power under section 66(2) permits the Enforcement Directorate to transmit money-laundering investigation findings and material recovered through searches to a law-enforcement agency for consideration of a fresh FIR or complaint. An FIR registered on that basis may also support a PMLA case. Registration was reportedly sought in relation to alleged CMRL-linked bribery involving purported fraudulent consultancy payments and material said to record fund transfers to Dubai.
September 8, 2026
Show AI Summary
Export-led growth in technology goods and autos widens trade imbalances amid tariffs, strategic supply constraints, and diversification.
China's export growth accelerated in August, driven by demand for automobiles and high-technology goods, while imports also rose and the trade surplus widened. Export growth continued to outpace imports, supported by expanded shipments to Southeast Asia, Latin America and Africa and by rising exports of electric vehicles, industrial machinery and semiconductors. Reliance on exports amid weak domestic consumption and investment contributed to concerns over global economic imbalances and continuing strategic trade tensions.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters
PMLA / Black Money

ED chargesheets 3 founders of Gameskraft under PMLA

July 25, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

New Delhi/Bengaluru, Jul 25 (PTI) The Enforcement Directorate on Saturday filed a chargesheet against three founder directors of online gaming company Gameskraft and others, accusing them of being involved in laundering proceeds of crime generated by "cheating" players of rummy games offered by their platform.

Vikas Taneja, Prithvi Raj Singh and Deepak Singh Ahlawat were arrested by the federal probe agency in May under the Prevention of Money Laundering Act (PMLA). However, the Karnataka High Court in June declared their arrests invalid and contrary to the law.

The three founders of the company could not be contacted immediately for their reaction to the development.

Officials said the ED is preparing to challenge the HC order against their arrest before the Supreme Court and that the filing of the chargesheet against the three was a bona fide exercise as there was no bar on filing of a prosecution complaint (chargesheet) against them.

The ED said in a statement that the chargesheet was filed before a Bengaluru court on July 25.

Gameskraft Technologies, RummyTime Technologies and the three founders and their associated persons have been named as accused in the chargesheet for their involvement in laundering proceeds of crime generated by "cheating" the online real money gaming (Rummy games) users.

The agency said the probe stems from multiple police FIRs filed in Telangana and this includes a few cases where some people ended their lives due to the "financial and psychological distress" caused to them because of addiction and loss of money in these games.

"The total proceeds of crime generated by these accused companies in the form of commission is Rs 19,984 crore for the financial years 2017-18 to 2025-26 (till 22/08/2025)," according to the ED.

The agency said in a statement on Friday that it attached fresh assets worth Rs 1,906 crore of Gameskraft as it alleged that the platform created an "addictive" gaming environment that encouraged "repeated wagering" for the players.

The provisionally attached assets included bank and fixed deposits, mutual funds, convertible notes, equity shares, a farmhouse, and multiple residential and commercial immovable properties held in the names of the shareholders of Gameskraft's Technologies Pvt. Ltd., their family members, private family trusts and associated entities, it said.

The attachment was made in the case related to the RummyCulture, RummyPrime, Playship and RummyTime apps.

Gameskraft and RummyTime Technologies, according to the ED, were engaged in operating online Real Money Games (RMGs) through the said apps and they had a user base of around 3 crore players primarily in the states of Telangana, Andhra Pradesh and Tamil Nadu.

Online money gaming was banned in India by the Union government in August 2025.

The total attachment, seizure and freezing of assets in this case stands at Rs 2,401 crore. PTI NES RT RT

Topics

Acts Income Tax