Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Allahabad High Court affirmed that taxpayers retain the right to benefits under Section 74(5) even in the absence of DRC-01A forms, which reinforces taxpayer rights in compliance matters.
The Madras High Court quashed a GST order imposing a 100% penalty under Section 74, ruling that it should have applied the 50% penalty under Section 74A instead. This ruling provides clarity on penalty assessments under GST regulations.
The Madras High Court upheld the validity of GST proceedings initiated under Section 74 but ordered a remand for assessment errors regarding tax computation and turnover recording. This ruling clarifies the limits of procedural validity in tax assessments.
A recent viral salary slip from SBI highlights the disconnect between salary figures and disposable income after taxation. This serves as a crucial reminder for professionals to grasp the tax implications of their salary packages.
Taxpayers can now access both Form 26AS and Form 168 via the Income Tax e-filing portal, facilitating easier return reconciliation.
A recent guide highlights essential steps for finalizing accounts prior to a tax audit, aiming for accuracy and efficiency in process.
CESTAT Allahabad has ruled that interactive display systems are classifiable as Automatic Data Processing (ADP) machines, affirming past decisions on the issue.
A recent article discusses the need for small residential builders to be classified as promoters or contractors for appropriate GST application. GST rates should reflect the type of construction activities and the timing of sales.
Suppliers are prohibited from issuing GST credit notes solely based on buyer defaults; proper remedies include documenting defaults under ITC reversal provisions.
A retrospective analysis of GST after nine years reveals considerable benefits along with ongoing challenges requiring reforms for enhancement.
This comprehensive guide provides step-by-step instructions on filing Income Tax Returns (ITR) and claiming TDS refunds for a deceased parent, emphasizing the necessary documentation and legal procedures.
This article discusses the applicability of TDS deductions under the Income Tax Act before April 1, 2026. It clarifies that income payments made prior to this date need not be deducted again under the new regime.