Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The CESTAT ruled that CENVAT credit for service tax on inputs directly or indirectly used in manufacturing filled polypropylene cannot be denied, emphasizing the proper basis for claims.
Wealthy Indians strategically manage tax liabilities through lawful financial planning and investments. Understanding these strategies can provide insight into effective tax management.
The Tripura High Court ruled that a GST order was invalid as there was no proof of delivery, reinforcing the necessity of proper service protocols under the CGST Act.
The ITAT has clarified that revisionary powers under Section 264 of the Income Tax Act cannot enhance tax liabilities or worsen the assessee’s position during revisionary proceedings.
The ITAT Delhi ruled that penny stock loss cannot be deemed bogus based merely on an Investigation Wing report, absent independent verification of the transactions. This ruling underscores the necessity for thorough investigation in tax assessments.
The government modified concessional customs rates under the India-UAE CEPA, effective May 13, 2026.
CBIC has implemented system-based identification and fast-track clearance for hazardous import cargo starting July 1, 2026.
CESTAT Hyderabad ruled that foreign markings on seized gold alone cannot substantiate smuggling allegations without further evidence.
CESTAT Ahmedabad ruled that a partner of a penalized firm cannot face separate penalties for the same violation under customs law.
The CBIC has revised customs tariff values for gold, silver, and edible oils, effective from May 16, 2026.
CESTAT ruled that mandarin juice concentrate is classified as 'juice of any other single citrus fruit,' upheld duty demand while quashing penalties.
The Bombay High Court held that tax deposits made during ongoing GST raids do not automatically qualify as voluntary. Authorities are afforded opportunities for remedial action if refunds are warranted.