Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The CESTAT has permitted CENVAT credit on residential facilities provided to work-from-home employees, recognizing business operations' evolving structure.
The CESTAT has granted Shriram General Insurance a refund of Rs. 28.57 lakhs for KKC and SBC paid on cancelled insurance policies. This order emphasizes the eligibility for refunds in similar circumstances.
The Bombay High Court is set to decide whether TNMM benchmarking can apply to determine the arm's length price at the entity level for combined transactions. The court has allowed the appellant to raise additional questions of law.
The Karnataka High Court granted anticipatory bail to GST dealers implicated in bogus ITC claims, emphasizing that genuine purchasers cannot be penalized absent proof of collusion.
The GST Appellate Tribunal (GSTAT) ruled that projects completed before the implementation of GST, or those outside the GST ambit, do not fall within the scope of anti-profiteering investigations.
The Bombay High Court clarified that Section 80P(2)(d) concerning co-operative societies' interest or dividend income operates separately from Section 194A. The Tax Officer's mixing of both provisions was deemed unsustainable.
The Supreme Court is set to decide if income from processed seed sales is classified as agricultural or business income for tax exemption purposes. This ruling could have significant implications for the agriculture sector.
The Karnataka High Court granted anticipatory bail to GST dealers by stating that a bogus GST ITC claim by a supplier cannot be grounds for penalizing a genuine purchaser without proof of collusion. This protects buyers in situations involving fraudulent claims.
The GST Appellate Tribunal ruled that the benefit of input tax credit (ITC) is specific to projects, thus homebuyers cannot be excluded from claiming ITC if construction spans periods before and after GST. This interpretation is critical for project developers and buyers alike.
The Goods and Service Tax Appellate Tribunal (GSTAT) ruled that appeals regarding refunds of pre-GST unutilised CENVAT credit should be heard by the Customs, Excise and Service Tax Appellate Tribunal (CESTAT). This decision clarifies the appropriate judicial body for handling such matters.
The Supreme Court affirmed that an Assessing Officer can rely on a Deputy Valuation Officer's (DVO) report only after appropriately rejecting the assessee's book of accounts.
The Gujarat High Court has quashed GST detention orders, citing that actions under Section 129(3) were taken beyond the statutory limit, thus emphasizing adherence to legal timelines.