Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedIndia and Mauritius amend Double Taxation Avoidance Agreement to introduce Principal Purpose Test and deny treaty benefits in abuse cases.
FeaturedThe Orissa High Court has issued notice to CBDT on a petition challenging the constitutional validity of Section 147A of the Income Tax Act, with a stay on reassessment proceedings.
FeaturedOrissa High Court issues notice on a petition challenging the constitutional validity of Section 147A of the Income Tax Act, with reassessment proceedings stayed per Supreme Court order.
FeaturedThe Uttarakhand High Court has upheld the validity of investigations under Section 17 of the PMLA after filing of a prosecution complaint, rejecting the argument that such action amounts to 'evergreening' of probe.
FeaturedOn October 22, 2026, the RBI rejected all bids in the 91-day, 182-day, and 364-day Treasury Bill auctions, accepting NIL amounts despite notified issues of ₹23,000 crore. The cut-off prices and yields remained unannounced, signaling a rare market disruption likely due to liquidity stress or policy positioning ahead of monetary committee outcomes.
FeaturedDelhi High Court rules R&D deduction under Section 35(2AB) applies to pre-DSIR approval expenditure if part of approved project.
FeaturedThe India-Mauritius Double Taxation Avoidance Agreement (DTAA) has been amended with a Principal Purpose Test (PPT) under Article 27B to deny treaty benefits in cases of treaty shopping and tax avoidance.
FeaturedITAT deletes ₹1.66 crore addition on adat expenses after the commission agent demonstrated full TDS compliance. The department failed to rebut presumption of genuineness.
FeaturedThe India-Mauritius Double Taxation Avoidance Agreement (DTAA) has been amended to introduce a Principal Purpose Test (PPT), denying treaty benefits in cases of tax-abusive structures and treaty shopping.
FeaturedMadras HC rules non-compete receipts of ₹9 crore not taxable as business income under pre-amendment law, relying on Mohan Breweries and Guffic Chem.
FeaturedKarnataka High Court holds foreign commission payments not taxable in India, ruling no obligation to deduct TDS under Section 195 where income accrues outside India and isn't deemed to be in India.
FeaturedRBI revises import payment norms effective October 2026: contract-based settlements, IDPMS thresholds, advance payments, and GST alignment.