Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Telangana High Court ruled that an appeal should not be automatically dismissed as time-barred if the taxpayer was actively pursuing a rectification application, setting aside the rejection order for merits-based reconsideration.
The Kerala High Court ruled that the non-obstante clause in Section 16(5) of the GST Act prevails over the time limit imposed by Section 16(4), allowing taxpayers a chance for ITC relief.
The ITAT Delhi ruled that a share premium difference within the 10% safe harbour is not subject to addition under Section 56(2)(viib), confirming the issue price as the fair market value.
The ITAT invalidated a bogus long-term capital gains (LTCG) addition, stating the Assessing Officer failed to establish any connection between the assessee and alleged accommodation entries.
The ITAT Ranchi held that interest disallowance was improper as the Assessing Officer failed to properly verify the records or confront the assessee. The case was remanded for fresh adjudication.
The ITAT ruled that an opening cash balance cannot be deemed unexplained solely based on nil disclosures from the prior year's income tax return. The decision allows the assessee's explanation of withdrawals from taxed income.
The Karnataka High Court has ruled that filing an Income Tax Return (ITR) does not amount to a retraction of a statement made under section 132(4) of the Income Tax Act.
The Calcutta High Court ordered a fresh hearing for a taxpayer due to the non-receipt of a show cause notice.
The Delhi High Court ruled that GST show cause notices uploaded without effective communication are invalid, quashing the GST demand.
The Punjab and Haryana High Court ruled that a GST penalty order issued without a show cause notice is invalid, reaffirming principles of natural justice.
The Delhi High Court held that the amended limitation provision under GST cannot be applied retrospectively, preserving vested rights.
The High Court granted bail in a GST ITC fraud case, noting the documentary nature of evidence and the accused's clean antecedents.