Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Bombay High Court disposed of Revenue appeals below ₹50 lakh, ruling that the CBDT exception added on 20 August 2018 applies prospectively and not retrospectively.
ITAT Delhi held that Section 68 was inapplicable where shares were disclosed in an earlier year and sale proceeds were already offered as income, thus avoiding double taxation.
Calcutta High Court dismissed the Revenue's appeal after the remand report confirmed that the disputed receipt was sale proceeds of investments rather than an unsecured loan. This ruling impacts the interpretation and application of Section 68.
The Patna High Court has refused to grant pre-arrest bail to a company shareholder accused of issuing 857 fake GST invoices. The court noted the accused's criminal record as a factor in its decision.
The ITAT has remanded a matter concerning a ₹70 lakh property purchase claimed as a gift from a husband, ordering fresh verification by the Assessing Officer. This emphasizes the importance of verifying claims of substantial gifts in taxation.
The ITAT has restricted the disallowance of fuel expenses to 5% due to practical difficulties in maintaining self-generated vouchers. This ruling addresses challenges faced by taxpayers in substantiating fuel expenses for tax purposes.
The CESTAT has clarified that the limitation period under Section 85(3A) should be counted in calendar months rather than in days. This ruling remands the appeal for a decision on its merits.
The Delhi High Court ruled that secondment reimbursements from EY US are taxable as fees for technical services (FTS) as employees impart technical knowledge to Indian entities.
The Income Tax Department has clarified that taxpayers will be required to file under both the old and new Income Tax Acts during the transition.
This article provides a practical ITR-1 checklist aimed at salaried individuals to prepare for the upcoming filing season for AY 2026-27.
This article analyzes the changes in tax audit limits under Section 44AB, revealing which taxpayers will be affected by the revised provisions.
This article provides a comprehensive checklist for presumptive taxpayers under sections 44AD and 44ADA, ensuring they record their income and comply with filing requirements for AY 2026-27.