To shore up revenues, taxmen dig up three-year-old demonetization cases
Some 15,000 Indian jewellers have received surprise tax notices asking them to hand over money made from customers who scrambled to buy gold after PM Narendra Modi's 2016 ban on high-currency notes. The industry says authorities are seeking around Rs 500 billion ($7 billion) in tax revenue from those in the gems and jewellery business. READ MORE
NCLAT revokes insolvency proceedings against Flipkart for alleged default
The National Company Law Appellate Tribunal (NCLAT) has set aside the order of the NCLT to initiate insolvency proceedings against e-commerce major Flipkart. Last October,