Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe India-Mauritius Double Taxation Avoidance Agreement (DTAA) has been amended to introduce a Principal Purpose Test (PPT) under Article 27B, denying treaty benefits in cases of treaty abuse and tax avoidance structures.
FeaturedThe Supreme Court upheld a Delhi High Court order directing release of 233 grams of gold seized by customs in May 2023, ruling that failure to issue a show cause notice (SCN) within a reasonable time violated statutory procedure.
FeaturedSAFEMA Tribunal upholds PMLA attachment of Ooty land, finding prima facie link to illicit funds despite independent income claims.
FeaturedRBI updates import payment rules effective 1 October 2026, including IDPMS closure limit, advance payments, guarantees, GST, and TDS compliance.
FeaturedThe India-Mauritius Double Taxation Avoidance Agreement (DTAA) has been amended to introduce a Principal Purpose Test (PPT) under Article 27B, denying treaty benefits in cases of treaty shopping and tax avoidance arrangements.
FeaturedThe India-Mauritius Double Taxation Avoidance Agreement (DTAA) has been amended to introduce a Principal Purpose Test (PPT) under Article 27B, denying treaty benefits in cases of treaty abuse or shopping. The preamble has also been revised to reflect anti-abuse intent.
FeaturedThe Supreme Court ruled that classification of goods for tax purposes depends on their physical form at the time of sale, not on how the buyer ultimately uses them.
FeaturedThe Reserve Bank of India has imposed a 20% foreign exchange risk reserve on non-deliverable INR derivative contracts exceeding USD 2 million, requiring daily cash deposits and strict reporting by authorized dealers.
FeaturedThe 57th GST Council approved key reforms on registration, ITC eligibility, refund processing, penalty rationalization, and e-invoicing expansion.
FeaturedMadras High Court quashed a GST assessment demanding more than the show cause notice, mandating fresh proceedings for any enhanced demand.
FeaturedThe RBI's Monetary Policy Committee raised the repo rate by 25 basis points to 5.50% and shifted to a 'calibrated tightening' stance to control inflation while maintaining growth at 7.1% for FY 2026-27. CPI inflation is projected at 5.2% for the fiscal year.
FeaturedThe Calcutta High Court quashed a transfer pricing order under Section 92CA(3) due to failure to grant a personal hearing and record reasoned findings, affirming procedural fairness in tax adjudication.