Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Delhi High Court allowed an exporter to rectify discrepancies in GST returns, ruling that technical limitations of the portal should not hinder necessary corrections. This ruling has implications for compliance in tax reporting.
The Delhi High Court ruled that completed income tax scrutiny assessments cannot be reopened on the basis of the same bank transactions previously examined. This judgment emphasizes procedural fairness in tax assessments.
The Allahabad High Court quashed a penalty under Section 54(1)(14) of the UP VAT Act, ruling that the valid use of Form-38 negates any mens rea for tax evasion. This ruling is pivotal for tax practitioners dealing with VAT-related penalties.
The Karnataka High Court dismissed an income tax appeal filed by the Revenue, ruling that such appeals must be lodged in the High Court where the Assessing Officer (AO) is located, not where the assessee resides. This reinforces jurisdictional requirements for filing appeals.
The Karnataka High Court emphasized that an income tax addition for unexplained jewellery should be made only in the assessment year in which the search was conducted, not any preceding years.
The ITAT has remanded a matter concerning a ₹2.71 crore cash deposit claimed as business receipts from a Cable TV subscription, requiring further examination of the source of the funds.
The Madras High Court has remanded an income tax assessment order back to the Assessing Officer, emphasizing the need to consider the Profit & Loss Account and ensuring due process after a mismatch in Form 26AS.
The ITAT ruled that a revision under Section 263 of the Income Tax Act cannot be upheld if the Assessing Officer has acted following a binding High Court judgment, dismissing the revision initiated on a subordinate authority's proposal.
The Income Tax Appellate Tribunal ruled that statements and materials acquired during a third-party search cannot be used against an assessee without ensuring compliance with natural justice principles, particularly the right to cross-examine the third party.
The Calcutta High Court has directed that an appeal be filed against the rejection of a vehicle tax refund, emphasizing the need to follow statutory remedies.
The Rajasthan High Court quashed GST penalty orders, stating that the same officer who investigated the case cannot adjudicate it, mandating a fresh adjudication process.
The Patna High Court invalidated an ex parte GST assessment for lack of a personal hearing, emphasizing the importance of compliance with Section 75(4) of the GST Act.