N/Atax
GST’s Invoice Management System: A New Gatekeeper for ITC
The Invoice Management System (IMS) establishes accepted invoice records as critical for ITC eligibility, enhancing compliance and fraud detection.
Jul 5, 2026Read more →
Court News
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
N/Atax
GST Refunds: Types, Application Process & Documents Required
The article outlines the types and processes involved in GST refunds, stressing the importance of correct documentation and classification to ensure valid claims.
Jul 5, 2026Read more →
N/Atax
Mandatory IMS Makes Invoice Review Critical to Protect ITC & Avoid GST Return Blocks
The introduction of the mandatory Invoice Management System (IMS) emphasizes the necessity for taxpayers to review invoices to protect input tax credits and prevent GST return blocks.
Jul 5, 2026Read more →
Appellate Tribunaltax
Role of Statement of Facts in GST Litigation Before Appellate Tribunal
The statement of facts is critical in GST litigation, serving as the foundational element of every GST appeal and emphasizing accurate documentation.
Jul 5, 2026Read more →
ITAT Delhitax
Negative Cash Balance Alone Cannot Be Treated as Undisclosed Income: ITAT Delhi
The ITAT Delhi ruled that negative cash balances do not automatically establish undisclosed income and upheld addition only to the peak negative balance.
Jul 5, 2026Read more →
Kerala High Courttax
Income Tax Refund Adjustment Stayed Pending Rectification & Appeal Disposal: Kerala HC
The Kerala High Court stayed the adjustment of income tax refunds, directing that pending rectification applications be resolved before any recovery actions.
Jul 5, 2026Read more →
Madras High Courttax
Draft Assessment Ignoring Filed Return Set Aside for Fresh Consideration: Madras HC
The Madras High Court ordered that a draft assessment ignoring a filed return be set aside for fresh consideration, emphasizing the need for proper assessment processes.
Jul 5, 2026Read more →
Punjab & Haryana High Courttax
Section 153C Notices Upheld as Satisfaction Note Not Belated: P&H HC
The Punjab & Haryana High Court upheld Section 153C notices, confirming that the satisfaction note was not belated and limitations objections must first be raised before the AO.
Jul 5, 2026Read more →
ITAT Punetax
Belated Form 10-IE Does Not Invalidate Continuing Section 115BAC Option: ITAT Pune
The ITAT Pune held that the option exercised under Section 115BAC continues for subsequent years unless withdrawn or invalid under the Act, allowing for the new tax regime for AY 2023-24.
Jul 5, 2026Read more →
ITAT Agratax
Section 44AD Inapplicable Above Turnover Limit; Past Profit Rate Adopted: ITAT Agra
The ITAT Agra held that Section 44AD could not apply where turnover exceeded the limit, adopting past profit history instead, allowing telescoping and deleting Section 43B addition.
Jul 5, 2026Read more →
ITAT Delhitax
Section 68 Inapplicable to Sale Proceeds of Disclosed Investments: ITAT Delhi
The ITAT Delhi ruled that Section 68 does not apply to sale proceeds of disclosed investments already recorded in the books. The Revenue's appeals were dismissed, setting a precedent on the interpretation of disclosed investments.
Jul 5, 2026Read more →
Calcutta High Courtarbitration
Calcutta HC Refers DVC's Tariff Claims to Arbitration
The Calcutta High Court has referred claims involving DVC's differential tariff to arbitration, leaving limitation issues unresolved for future determination.
Jul 5, 2026Read more →