Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Delhi High Court upheld taxation on commissions earned from bogus donation receipts issued by a political party, reiterating that fraudulent practices cannot shield entities from tax obligations.
The Delhi High Court invalidated GST notices due to the department's inability to issue a Section 73 order within stipulated time limits. This decision reinforces the necessity of timely compliance by tax authorities.
The Gujarat High Court has reopened proceedings concerning the Employee State Insurance (ESI) applicability for women rolling pappads, declaring that income tax exemptions do not bar ESI contributions.
The Karnataka High Court established a 5-year outer limit for the conclusion of suo motu revision proceedings under Section 64 of the KVAT Act. This ruling addresses prolonged cases and upholds time-bound justice.
The Calcutta High Court criticized the GST Department for violating principles of natural justice by issuing a notice solely under an 'additional tab'. The decision emphasizes the need for proper communication to taxpayers regarding adjudication procedures.
The CESTAT ruled that services related to electricity transmission and distribution are exempt from service tax, emphasizing compliance with the provisions of the Finance Act. This judgment clarifies tax liabilities for service providers in the electricity sector.
SEBI's recent amendments to the Alternative Investment Fund (AIF) Regulations revise fees, filing requirements, and the process for funds available to Accredited Investors. These changes are set to enhance regulatory clarity and efficiency.
SEBI has issued a warning to regulated entities and listed companies regarding impersonation scams where fraudsters pose as CEOs or MDs. Entities are advised to implement verification protocols for fund transfer requests and enhance cybersecurity measures.
NCLAT Delhi revives a Section 9 insolvency plea, confirming that an advance payment for goods constitutes operational debt.
NCLAT Delhi underscores that auditors must acknowledge interest liabilities, dismissing appeals against NFRA sanctions.
The Kerala High Court declared that recent amendments in stamp duty regulations applicable to amalgamation cannot be enforced retrospectively.
The Karnataka High Court allows a developer to pursue a ₹117 crore compensation claim despite the company being struck off by the Registrar of Companies.