Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Karnataka High Court upheld the legality of consolidated GST show cause notices covering multiple financial years, clarifying that the law does not restrict notices to a single fiscal period.
The GST Appellate Tribunal (GSTAT) upheld findings against a developer for failing to transfer the full benefit of Input Tax Credit (ITC) to homebuyers, confirming that excess benefits provided to some cannot offset losses to others.
The Bombay High Court ruled that GST registration cannot be cancelled without proper hearing and a reasoned order, quashing existing cancellation orders that violated the principles of natural justice.
The Central Board of Indirect Taxes and Customs (CBIC) has issued guidelines for data exchange with state mining authorities aimed at detecting GST evasion in illegal mining activities. These measures are part of ongoing efforts to enhance enforcement.
The ITAT ruled that the repurchase of unexercised Flipkart ESOPs is taxable as Long-Term Capital Gains (LTCG) rather than as a salary perquisite, clarifying tax liabilities for employees.
The Income Tax Appellate Tribunal confirmed that simply appearing without an explanation does not absolve a taxpayer from penalties for non-compliance under Section 272A(1)(d).
The Karnataka High Court ruled that a vague exception clause under the CBDT circulars does not trump the established low tax effect limit, resulting in the dismissal of an appeal related to Section 68.
The Uttarakhand High Court has instructed Income Tax authorities to process applications for valuer registration made under the repealed Wealth Tax Act within three months.
The Orissa High Court directed that GST registration revocation should be considered following the settlement of dues, granting potential relief to taxpayers.
The Gauhati High Court has ruled that the time spent on GST rectification petitions must be excluded while calculating the limitation period for appeals under Section 107.
The Allahabad High Court has set aside an arbitral award regarding GST reimbursement, citing improper application of guidelines and insufficient contractual basis.
The Allahabad High Court has approved bail for a businessman involved in a case of alleged fraudulent billing practices concerning the Goods and Services Tax. The court's order includes specific conditions for the grant of bail.