Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Patna High Court has directed a refund of GST after withdrawal of the best judgment assessment order, allowing the petitioner to reapply for the refund.
This article clarifies the GST provisions applicable to goods sent for job work, including ITC-04 responsibilities and compliance requirements.
The Invoice Management System (IMS) establishes accepted invoice records as critical for ITC eligibility, enhancing compliance and fraud detection.
The article outlines the types and processes involved in GST refunds, stressing the importance of correct documentation and classification to ensure valid claims.
The introduction of the mandatory Invoice Management System (IMS) emphasizes the necessity for taxpayers to review invoices to protect input tax credits and prevent GST return blocks.
The statement of facts is critical in GST litigation, serving as the foundational element of every GST appeal and emphasizing accurate documentation.
The ITAT Delhi ruled that negative cash balances do not automatically establish undisclosed income and upheld addition only to the peak negative balance.
The Kerala High Court stayed the adjustment of income tax refunds, directing that pending rectification applications be resolved before any recovery actions.
The Madras High Court ordered that a draft assessment ignoring a filed return be set aside for fresh consideration, emphasizing the need for proper assessment processes.
The Punjab & Haryana High Court upheld Section 153C notices, confirming that the satisfaction note was not belated and limitations objections must first be raised before the AO.
The ITAT Pune held that the option exercised under Section 115BAC continues for subsequent years unless withdrawn or invalid under the Act, allowing for the new tax regime for AY 2023-24.
The ITAT Agra held that Section 44AD could not apply where turnover exceeded the limit, adopting past profit history instead, allowing telescoping and deleting Section 43B addition.