Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Income Tax Appellate Tribunal determined that not consulting the Transfer Pricing Officer (TPO) regarding Arm's Length Price (ALP) is a procedural irregularity that can be cured.
The RBI has announced the auction of Treasury Bills worth ₹9,000 Crore for 91-Day and ₹8,000 Crore for 182-Day, with the auction scheduled on August 12, 2026. Settlement will occur the following day.
Several State Governments, including Andhra Pradesh, are set to auction stocks amounting to ₹15,300 Crore in total. This auction includes several financial instruments with specific tenures, mainly focused on yield.
The discussion revolves around whether a taxpayer can be compelled to claim and reverse ITC not availed in GSTR-3B based solely on its appearance in GSTR-2B. This raises important questions regarding the interpretation of the GST framework and taxpayer rights.
The Rajasthan High Court has restored a taxpayer's GST appeal, which was delayed due to their daughter’s marriage and late knowledge of the demand. The Court's ruling stressed on the importance of on-merits hearings and fairness towards taxpayers.
The Delhi High Court upheld a Rs. 19.25 lakh tax addition, stating that a civil suit filed to cancel the sale deed was an afterthought, occurring only after a tax notice. This illustrates the court's stance on timely tax disclosures.
The Allahabad High Court ruled that reassessment proceedings completed within two years of remand are not barred by limitation under Section 10A(2) of the Income Tax Act. This clarification has significant implications on the timelines for reassessment.
The CBDT has exempted the regulatory fees and grants received by Kerala RERA from income tax for the assessment year 2026-27, confirming no adverse effects on stakeholders.
The ITAT has partially accepted the appeal from a liquor retailer even though it had not maintained individual item stock registers, emphasizing the context of retail sales across multiple branches.
A detailed analysis on how delays in payments to micro and small enterprises affect tax deductions and reporting through Form 3CD as per section 43B(h) of the Income Tax Act.
The Income Tax Appellate Tribunal has agreed with the assessee's argument that certain deposits were sourced from prior income withdrawals, resulting in the deletion of income tax additions made by the tax authorities.
The Central Board of Direct Taxes (CBDT) released FAQs clarifying key proposed amendments to the Income Tax Act under the Taxation and Other Laws (Amendment) Bill, 2026, addressing taxpayer inquiries.